MULN down 16.5% this week
Mullen Automotive stock is losing value on Friday. MULN stock has lost more than -16% YTD. To continue its production ramp up goals, Mullen will probably need to keep diluting shareholders. Mullen management could boost oustanding shares from 1.7 billion to 5 billion. Mullen Automotive (MULN) has experienced an awful slide this week. Early January’s […]
GBP/JPY advances towards 160.00 ahead of United Kingdom Retail Sales data
GBP/JPY is approaching 160.00 as investors are still confused about forward Bank of Japan’s policy stance. Bank of England might discover a meaningful downtrend in inflation from the late spring amid tight monetary policy. Bank of Japan could look for an exit from the expansionary policy as inflation is stably rising. GBP/JPY might display a […]
JPMorgan, Bank of America beat on top and bottom lines, Bank of New York Mellon misses on revenue
Banks started the earnings season off on solid footing. JPMorgan beat on top and bottom lines for Q4. Bank of America beat EPS consenus by about 10%. Bank of New York Mellon stock fell on a revenue miss. A flurry of banks fired the starter pistol of earnings season early on Friday. JPMorgan (JPM) and Bank […]
GME backtracks after Thursday’s 8% gain
GameStop stock has shed value on Friday alonside broad market. Tesla cutting its prices in the United States has hurt its share price. Bed Bath & Beyond stock has lost more than 5%. Bank earnings results in the premarket were robust, but JPMorgan still expects a recession. GameStop (GME) stock has given back 0.6% on Friday […]
USD/JPY refreshes day’s low around 131.40 as street sees further softening of US Inflation
USD/JPY has refreshed its day’s low at 131.40 as odds for further US inflation softening soar. Federal Reserve might look to tweak its monetary policy projections if US inflation continues its downside spree. The Bank of Japan is firmly considering an exit from its secular long ultra-loose monetary policy. USD/JPY is hovering near the lower […]