Micron Stock Is Sliding. The Outlook Disappointed.

Text size New Street Research analyst Pierre Ferragu says recent weakness in Micron Technology stock represents an opportunity to buy. Dreamstime Micron Technology stock is trading lower after the memory-chip maker said financial results for the fiscal fourth quarter ending in August will come in well short of previous Street estimates. While analysts had expected … Read more

Japan repeats warning on sliding yen, keeps mum on FX intervention chance

Breadcrumb Trail Links PMN Business Author of the article: Reuters Daniel Leussink and Tetsushi Kajimoto Article content TOKYO — Japanese Finance Minister Shunichi Suzuki on Friday refrained from commenting on the possibility of government intervention in the foreign exchange market to stem a weak yen, while maintaining his warning against any rapid fluctuations. The latest … Read more

Gold prices wobble as soaring dollar, sliding yields tussle

Breadcrumb Trail Links PMN Business Author of the article: Article content Gold saw choppy price action on Thursday, as the dollar hit a 20-year high, balancing support from a slide in Treasury yields, after the U.S. inflation data signaled the Federal Reserve would likely stick to its current, aggressive rate-hike roadmap. Spot gold edged up … Read more

Coinbase Stock Keeps Sliding After Earnings Report

The biggest cryptocurrency exchange in the U.S. said it was bleeding users, reflecting continued destruction in the crypto market and investors’ unease about risky assets. Coinbase Global Inc. COIN -12.60% said Tuesday that it lost hundreds of millions of dollars in the first quarter, sending the stock tumbling in after-hours trading. Following the after-market report, … Read more

Wall Street bonuses seen sliding up to 40% on banking slump

Breadcrumb Trail Links FP Work FP Finance Banking ‘For the first time in decades, inflation has a significant impact on real compensation outcomes’ Author of the article: Bloomberg News Jenny Surane Publishing date: May 05, 2022  •  18 minutes ago  •  1 minute read  •  Join the conversation This year’s once-in-a-generation levels of inflation will weigh … Read more

Intel CEO Pat Gelsinger Bought Up the Sliding Stock

Text size Intel CEO Pat Gelsinger. Patrick T. Fallon/Bloomberg Intel stock slid on the last trading day of April, after the company provided disappointing fiancial forecasts. On the first two trading days of May, CEO Pat Gelsinger and Chief Financial Officer David Zinsner bought the dip. Intel (ticker: INTC) stock is down 9.6% year to … Read more

Currencies firm against a sliding dollar ahead of Fed meeting

Breadcrumb Trail Links PMN Business Author of the article: Publishing date: May 03, 2022  •  11 minutes ago  •  2 minute read  •  Join the conversation Article content Emerging market currencies rose on Tuesday, with South Africa’s rand jumping 2.4% and Brazil’s real 1% as the dollar slid ahead of the U.S. Federal Reserve’s policy decision … Read more

Stocks may keep sliding until institutions join retail investors in capitulation, this firm says

We’re a day away from what could be the first half-point hike from the Federal Reserve in 22 years. Kicking a busy central bank week was the first rate increase since 2010 from Down Under. So where next for stocks? In our call of the day, RBC Capital Markets equity analysts Lori Calvasina and Sara … Read more