Tag: Investment

Business Chart of the Day: Ominous Death Cross Forms in Stock Market

A “death cross” has formed on the chart of the SPDR S&P 500 ETF Trust. Traditionally, this is considered a bearish dynamic. Technical analysts use moving average (MA) prices to identify trend changes. The death cross uses the average price of the prior 50 days and 200 days. If the 50-day MA crosses below the 200-day…


Britain to Deploy ‘Detect and Destroy’ Sky Sabre Missile Defence System in Poland

British defence minister Ben Wallace said the UK will deploy its Sky Sabre missile defence system in Poland as NATO moves to bolster its eastern flank in light of the Russia–Ukraine war. “We are going to deploy the Sky Sabre medium-range, anti-air missile system to Poland with about 100 personnel to make sure that we…


Intel, Micron CEOs to Testify to US Senate on March 23

The CEOs of Intel Corp. and Micron Technology Inc. will testify on March 23 before the U.S. Senate, Reuters reports. The hearing would focus on vulnerabilities in semiconductor supply chains and the sector’s connection with American competitiveness. The PACCAR Inc. chief will also testify at the hearing. The U.S. presently accounted for 12 percent of the chip production versus…


News Clip: How The Fed’s Rate Hike Will Impact You

The Federal Reserve is increasing interest rates by a quarter of a point. From credit cards to car loans, a look at how the rate hike could impact your wallet. Jerome Powell, Federal Reserve Chairman:”The committee is determined to take the measures necessary to restore price stability.” Ed Moya, Senior Market Analyst, Oanda:”Getting loans, getting…


‘People Coming Out Alive’ From Bombed Mariupol Theatre Shelter: Ukrainian Officials

Some of the hundreds of people who had been sheltering in a Mariupol theater that Ukraine said was hit by a powerful Russian air strike are alive and are being rescued from the rubble, according to Ukrainian officials. Sergei Orlov, the deputy mayor of Mariupol, told the BBC that “most” of what he estimated was…


Russian Advance Bogged Down Amid ‘Staunch and Well-Coordinated’ Ukrainian Resistance: British Intelligence

As the war in Ukraine entered its fourth week on Thursday, British intelligence said the advance of Russian forces had mostly bogged down on all fronts amid what it described as “staunch and well-coordinated” Ukrainian resistance. “Russian forces have made minimal progress on land, sea, or air in recent days and they continue to suffer…


Russia Reveals Contours of Possible Ukraine Peace Deal

Russia has revealed the outline of a possible peace deal that would put an end to the hostilities in Ukraine, with Russia’s Foreign Minister Sergei Lavrov saying a “business-like spirit” has emerged in negotiations with “concrete formulations” that he said are close to being agreed on. Lavrov made the remarks in a Wednesday interview on…


Intel Unveils $88 Billion Chipmaking Expansion Plan for Europe

LONDON—U.S. chipmaker Intel unveiled plans on Tuesday to invest up to 80 billion euros ($88 billion) across Europe as part of an ambitious expansion aimed at evening out imbalances in the global semiconductor supply chain. CEO Pat Gelsinger said Intel was investing the money “along the entire semiconductor value chain” as part of a holistic…


Barclays Suspends Sales of Two Products Linked to Oil, Volatility

LONDON/NEW YORK—British bank Barclays said on Monday it had suspended the sales and issuance of two exchange-traded notes (ETNs) with combined assets of about $1 billion—one linked to crude oil and another to a gauge of market volatility—due to capacity constraints, in a move that some investors said could spur big price swings in the…


Wholesale Prices Jump 10 Percent in February, Matching January’s Record High

Wholesale price inflation in the United States shot up 10 percent in February from a year earlier, matching January’s record high and a delivering a fresh sign that inflationary pressures continue to bedevil the U.S. economy. The Producer Price Index (PPI), which tracks inflation before it hits consumers, rose by an annual 10 percent and…