Apple beats earnings forecast despite decline in iPhone sales | Apple
Apple reported better-than-expected profits for the third quarter of 2024, with buzz about new AI capabilities helping to offset continued declines in key market China. Despite a decline in iPhone sales compared to the same period a year ago, revenue beat analyst expectations, rising 4.9 percent to $85.78 billion for the three months ended June […]
Amazon shares plummet on weak revenue forecast
Amazon’s shares fell sharply in after-hours trading after the company forecast lower-than-expected sales for the current quarter and its second-quarter profit beat Wall Street expectations. Amazon’s focus on the success of its AWS cloud computing platform did not please investors, with the Seattle-based company’s shares falling more than 6% in after-hours trading. “We continue to […]
Deckers shares soar after profit forecast hike on strong Hoka, UGG sales
Shares of Deckers Outdoor Inc. soared as much as 17% on Friday after several brokerages raised their price targets after the company bet on full-price sales of its best-selling Hoka running shoes and Ugg boots to boost its full-year profit forecast. Shares of clothing company Deckers Outdoor surged on Friday after the company raised its […]
Gold (XAU) Daily Forecast: Nears $2400 as Fed Rate Cut Hopes Influence Prices – FX Empire
Moreover, U.S. President Joe Biden’s withdrawal from the 2024 presidential race raises hopes that Donald Trump will become the next president and create a more relaxed regulatory environment. Gold prices rise on weaker US dollar and major economic data The US dollar has generally lost momentum and is weakening due to a dovish outlook for […]
Silver (XAG) Forecast: Gold Divergence Widens; Is Silver Undervalued or Overextended? – FX Empire
Gold-silver ratio widens The stark contrast in the performance of gold and silver was a key feature of this week. Many traders were perplexed as gold surged to record levels while silver’s response was muted. This divergence has caused the gold-silver ratio to rise, suggesting that silver may be undervalued and gold overvalued. Strong dollar […]
Gold Price Forecast: Falls Further After Reaching New Record High – FX Empire
Initial potential support levels There are a few initial price levels to watch for possible support to emerge. The first is the April 12 swing high at 2,431. A little further down is the 38.2% Fib retracement at 2,411, followed by the 50% retracement at 2,389. The 2,389 price level is being given some weight […]
Gold (XAU) Forecast: Gold Price Hovers Near Record High on Rate Cut Expectations – FX Empire
Federal Reserve officials signal rate cuts are imminent Several Federal Reserve officials have signaled that a rate cut could be on the way. Fed Governor Christopher Waller and New York Fed President John Williams have both signaled the time horizon for loose monetary policy is shortening. Richmond Fed President Thomas Barkin has expressed optimism about […]
Gold (XAU) Daily Forecast: Price Jumps to $2405; More Gains Ahead? – FX Empire
Gold prices (XAU/USD) started the week weakly and are currently trading around $2,405 after hitting an intraday low of $2,405. The decline in gold prices can be attributed to the strengthening of the US Dollar, which has gained momentum despite growing expectations of a Fed rate cut in September. Gold prices have been under pressure […]
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The Latest 2025 Social Security Cost-of-Living Adjustment (COLA) Forecast Has Some Great News for Retirees – The Motley Fool
Slow and steady inflation is ultimately a good thing for Social Security recipients. Social Security has become an increasingly important part of many seniors’ retirement budgets. In an annual Gallup poll, 60% said Social Security will be their primary source of income, the highest level in more than a decade. An additional 28% said Social […]