Dollar likely to rise, but rally will lose steam later in 2021, Forum says

© Reuters. FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration By Divya Chowdhury and Lisa Pauline Mattackal (Reuters) – Economic growth and higher bond yields will keep the U.S. dollar stronger for now, but the rally will lose steam later in 2021 because of a dovish Federal Reserve and rising […]

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Canadian dollar adds to Monday’s rally as economy grows

© Reuters. FILE PHOTO: A Canadian dollar coin, commonly known as the “Loonie”, is pictured in this illustration picture taken in Toronto TORONTO (Reuters) – The Canadian dollar edged higher against its U.S. counterpart on Tuesday, adding to the previous day’s rally as oil prices rose and domestic data showed faster-than-expected economic growth. Canada’s economy […]

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GameStop CFO to step down after Reddit driven stock rally

© Reuters. FILE PHOTO: FILE PHOTO: A GameStop store is pictured in New York By Jessica DiNapoli and Subrat Patnaik NEW YORK (Reuters) – GameStop (NYSE:) Chief Financial Officer Jim Bell will step down next month, the video game retailer said on Tuesday, as it focuses on shifting into technology-driven sales in the wake of […]

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Oil drops after strong rally as talk of slower recovery weighs

© Reuters. FILE PHOTO: Pump jacks operate at sunset in an oil field in Midland By Naveen Thukral SINGAPORE (Reuters) – Oil prices fell on Thursday, giving up some of the recent strong gains on expectations of slower economic recovery and speculation that the market’s strength could tempt producers like Saudi Arabia to reduce output […]

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U.S. farmers eye range of good planting options after biggest grains rally in years

© Reuters. FILE PHOTO: Soybeans are harvested from a field on Hodgen Farm in Roachdale By Mark Weinraub CHICAGO (Reuters) – Illinois farmer Fred Helms is so eager for his next soybean crop he invested in a faster-maturing variety of soy seeds in hopes of beating other farmers to harvest the crop in mid-September, more […]

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Analysis: GameStop’s ‘Reddit rally’ puts scrutiny on social media forums

3/3 © Reuters. A person walks past a GameStop in New York 2/3 By Paresh Dave, Katie Paul and Elizabeth Culliford OAKLAND, Calif. (Reuters) – Social media services including Facebook Inc (NASDAQ:) and Reddit restrict discussions about weapons, drugs and other illegal activity, but their rules do not specifically mention another lucrative regulated good: stocks. […]

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Reddit Rally, Fed Meeting, Tesla, Apple Earnings – What’s up in Markets

© Reuters By Geoffrey Smith Investing.com –The war between retail traders on Reddit and Wall Street short-sellers continues, with GameStop set to double again at the opening. Jerome Powell will hold his first press conference since Joe Biden was sworn in as President, with Janet Yellen now confirmed as Treasury Secretary. Microsoft’s earnings set a […]

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Bitcoin touches record above $29,000, extending 2020 rally

© Reuters. FILE PHOTO: A representation of virtual currency Bitcoin is seen in front of a stock graph By John McCrank NEW YORK (Reuters) – The price of topped $ 29,000 on Thursday for the first time, with the digital currency almost quadrupling in value this year amid heightened interest from investors big and small […]

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Gold Halts 3-Week Rally Amid Stimulus Rollercoaster

© Reuters. By Barani Krishnan Investing.com – Gold prices rose on Thursday but still finished with a weekly loss, after the twist to a U.S. coronavirus stimulus package and the dollar’s unexpected gains in recent days prevented the yellow metal from extending a three-week rally. on New York’s Comex settled up $ 5.10, or 0.3%, […]

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