The week that went by was a short trading week with just three trading days. However, the Indian equities continued to surge higher, demonstrating resilience, and the week ended on a positive note. In the week before this one, the Nifty was able to defend the 100-week MA; last week, it surged higher and closed just at the 50-week MA. ...
Russian President Vladimir Putin has announced a temporary Easter ceasefire in his country’s war with Ukraine, the Kremlin said Saturday. The war has raged for more than three years and cost the lives of tens of thousands of people on both sides. ‘Guided by humanitarian considerations, today from 18:00 to 00:00 from Sunday to Monday, the Russian side declares an ...
Capital One Financial’s application to acquire Discover Financial Services in a $35.3 billion all-stock deal has officially been approved by the Federal Reserve and the Office of the Comptroller of the Currency, the regulators announced on Friday. “The Board evaluated the application under the statutory factors it is required to consider, including the financial and managerial resources of the companies, the convenience and needs of the communities ...
Solana (SOL) price has been under pressure recently, leading to concerns about a potential downtrend against Bitcoin (BTC). On the SOL/BTC price chart are signs that the cryptocurrency could be forming a “death cross,” a pattern that suggests a further decline in price. This follows a period of weak performance for Solana relative to Bitcoin, sparking discussions on whether the ...
Despite being dead for more than 300 years, this Indian ruler is still making waves in the nation’s politics. Aurangzeb Alamgir has become so central to India’s fraught political moment, his memory is leading to sectarian violence across the country. The sixth emperor of the famed Mughal dynasty, he is considered by many detractors to be a tyrant who brutalized ...
Reflecting on the price action over this shortened holiday week, I’m struck by how the leadership trends have not really changed too much. We’ve observed bombed-out market breadth indicators, and the S&P 500 remains clearly below its 200-day moving average despite a strong upside swing off the early April market low. But how much as the leadership of this market changed ...
President Trump on Friday said that career government employees working on policy matters for the administration will be reclassified ‘Schedule Policy/Career,’ – or at will employees – and will be fired if they don’t adhere to his agenda. ‘Following my Day One Executive Order, the Office of Personnel Management will be issuing new Civil Service Regulations for career government employees,’ ...
Alphabet’s Google illegally dominated two markets for online advertising technology, a judge ruled Thursday, dealing another blow to the tech giant and paving the way for U.S. antitrust prosecutors to seek a breakup of its advertising products. U.S. District Judge Leonie Brinkema in Alexandria, Virginia, found Google liable for “willfully acquiring and maintaining monopoly power” in markets for publisher ad ...
As gold and silver continue to prove their worth as sound investments, market participants should know how precious metals investments are taxed in the US. While the majority of gold and silver investing comes with a certain degree of taxation, there are different levels of tax based on how market participants decide to invest in these precious metals, how long ...
A Dogecoin (DOGE) price breakout past its previous All-Time High (ATH) price is gradually becoming possible amid the current market setup. While still tied in a long-drawn consolidation, a potential breakout is ahead for the memecoin, according to predictions from market analysts. Dogecoin Price and Open Interest Outlook As of this writing, DOGE’s price has changed hands for $0.1569, which ...
A US citizen hijacked a small Tropic Air plane in Belize on Thursday at knifepoint, injuring three others before being shot and killed, police said. The assailant pulled a knife while the plane was in air, demanding the domestic flight take him out of the country, Police Commissioner Chester Williams told journalists. The hijacker was identified as US citizen Akinyela ...
When markets get more volatile and more unstable, I get the urge to take a step back and reflect on simple assessments of trend and momentum. Today we’ll use one of the most common technical indicators, the 200-day moving average, and discuss what this simple trend-following tool can tell us about conditions for the S&P 500 index. Nothing Good Happens ...