Tag Archives: reversal

By Chuck Mikolajczak (Reuters) – U.S. stocks rallied on Monday after Britain reversed course on an economic plan, while Bank of America was the latest financial company to post solid quarterly results, which boosted optimism about the corporate earnings season. Britain named Jeremy Hunt finance minister, and he immediately dispelled many of Prime Minister Liz Truss’ fiscal measures, which had unnerved markets in recent weeks. “The UK completely backing off this plan and presumably, they kind of… Source link

Starbucks’ (SBUX) reversal of a plan to require its U.S. workers to be vaccinated against COVID-19 or submit to weekly testing has sparked controversy among its loyal clients, as well as baristas on the front lines of the pandemic. The Seattle coffee giant initially recommended that its workers get vaccinated by February 9th, in accordance with guidance from the Occupational Safety and Health Administration (OSHA), while the unvaccinated would have to submit to weekly testing. However, the… Source link

Monday’s rip-your-face-off rally following the morning’s gut-wrenching plunge — when the Nasdaq Composite cratered 5% — was one for the history books.  Quant desks and equities analysts are still scrambling to make sense of the mother of all hammer candles in the major indexes. But the balance of evidence that’s emerging is favoring the bears — not the least of which is Tuesday’s nearly 3% sell-off in the Nasdaq Composite (^IXIC). Huge reversal days are rare enough that investors pay… Source link

Crypto investors have cashed out over $135 billion dollars from the asset class so far in 2022, according to Coinmarketcap market cap data, and bitcoin (BTC-USD) is down around 7% year-to-date and hovering around $43,000 as of Thursday at 10 AM ET. “There are no signs of a decisive reversal in sight,” Mikkel Morch, executive director at digital assets hedge fund Ark36, told Yahoo Finance when asked about the largest cryptocurrency’s recent price action relative to its drawdown over the past… Source link

Facebook has served “abortion reversal” adverts 18.4m times since January 2020, according to a report from the Center for Countering Digital Hate (CCDH), promoting an “unproven, unethical” and “dangerous” procedure. Google shows the adverts on more than four-fifths of searches related to abortion across a number of US cities, according to the CCDH research, targeted at search terms such as “unwanted pregnancy” and “abortion pill”. The adverts promote an unproven theoretical… Source link