Tag Archives: looms

If history is any guide, there may be trouble ahead for shares of Yandex (NASDAQ:YNDX). A so-called “death cross” has formed on its chart and, not surprisingly, this could be bearish for the stock. What To Know: Many traders use moving average crossover systems to make their decisions. When a shorter-term average price crosses above a longer-term average price, it could mean the stock is trending higher. If the short-term average price crosses below the long-term average price,… Source link

(Bloomberg) — China Evergrande Group has officially been labeled a defaulter for the first time, the latest milestone in months-long financial drama that’s likely to culminate in a massive restructuring of the world’s most indebted developer. Most Read from Bloomberg Fitch Ratings cut Evergrande to “restricted default” over its failure to make two coupon payments by the end of a grace period on Monday, a move that may trigger cross defaults on the developer’s $19.2 billion of dollar… Source link

MOSCOW, Dec 7 (Reuters) – Russia fined Alphabet’s Google (GOOGL.O) 9 million roubles ($121,000), a Moscow court said on Tuesday, in the latest in a string of penalties against the technology giant for failing to delete content the government deems illegal. Moscow has increased pressure on foreign tech companies this year in a campaign that critics characterise as an attempt by the authorities to exert tighter control over the Internet, something they say threatens to stifle individual and… Source link

The Biden administration looks set to soon announce its pick for who will lead the nation’s economic steward: the Federal Reserve. The White House appears to be weighing two options: keeping Jerome Powell as Fed chair or replacing him with current Fed Governor Lael Brainard. Both reportedly met with President Joe Biden earlier in the month. Biden said on Tuesday, per the White House press pool, that a decision would come in about four days (or Saturday, November 20). Personnel could change… Source link

COVID-19 cases are rising in a number of U.S. states ahead of the holiday season, and it’s prompting warnings of a coming winter wave, as health care officials point to rising cases in Europe as a sign of what’s to come in the United States. “Sadly, I do think that we’re at the beginning of a wave,” said Dr. Taison Bell, assistant professor of medicine in the divisions of Infectious Diseases and International Health and Pulmonary and Critical Care Medicine at University of Virginia,… Source link

Some of the world’s most powerful central bankers will convene virtually this week, with the focus on any commentary suggesting a pullback in pandemic-era easy money policies from the Federal Reserve.  One challenge: the timeline for slowing the central bank’s $120-billion-a-month pace of asset purchases will be different depending on which Federal Open Market Committee member you ask. The divergence on the FOMC will draw attention to the Fed’s Jackson Hole meeting (which was again moved… Source link

(Bloomberg) — Tyson Foods Inc., the top poultry producer in the U.S., is racing to get its chicken unit back on track as a new, formidable competitor emerges. The third and sixth biggest U.S. chicken companies, Sanderson Farms Inc. and Wayne Farms Inc., are combining in a $4.53 billion deal, according to a statement Monday from buyers Cargill Inc. and Continental Grain Co. The deal comes as Tyson’s chicken unit posted a loss in its third quarter amid a series of headaches including high… Source link

Bitcoin, the world’s oldest crypto, reached its highest point in almost three months on Saturday before paring back some of the weekend’s gains. Prices have since cooled and are down around 1.5% on a 24-hour basis after reaching a top of $45,300, their highest point since May 18. As of press time, bitcoin is changing hands for around $43,430. Datamish data shows bitcoin’s push to higher price highs (HH) and higher price lows (HL) was precipitated by a short squeeze which saw 126 BTC… Source link

Several prominent Democratic lawmakers are asking the Education Department (ED) about student debt collection practices in the face of a potential wave of student loan defaults when the pandemic payment pause expires, Yahoo Finance has learned. “With student loan and interest payments scheduled to resume on October 1, 2021, and a wave of loan delinquencies and defaults likely to follow, we are concerned about the Department resuming these payment collections and are seeking information about… Source link

A Trump may be on the ballot next year — but not Donald Trump. The former president’s daughter-in-law, Lara Trump, is eyeing the North Carolina Senate seat being vacated by Republican Richard Burr. While many in the state are skeptical she will move forward, an entrance into the race would set up a crucial test of whether Donald Trump’s popularity among Republicans, which remains massive more than a month after leaving office, can translate to others. The answer to that question has… Source link