The Nifty50 extended its northward journey for the fifth consecutive session on August 12 and registered a fresh closing high ahead of inflation and industrial output data due later in the day. Positive European cues, a fall in volatility, and buying in metal, select banking & financial services along with index heavyweight Reliance Industries aided the rally. The index witnessed bullish candle formation on the weekly scale for the fourth consecutive week, indicating the mood is positive, while on the daily charts, there was a small-bodied bullish candlestick pattern with a higher high formation. As long as the index holds the previous bullish gap zone of 17,566-17,632, the uptrend is expected to continue till 17,800-17,900-18,000, but small bouts of volatility and consolidation can't be ruled out after a rally in four straight weeks, experts said. The mood was also positive in the broader space with moderately decent breadth. The Nifty Midcap 100 and Smallcap 100 indices … [Read more...] about Technical View | Bullish candle on Nifty’s weekly scale indicates positive sentiment
Target on sale this week
Share to Twitter Share to Linkedin Topline While most attention may have been focused on the FBI’s Monday evening search at Mar-a-Lago, the past week has seen a stunning series of legal setbacks and developments for former President Donald Trump and those in his orbit—culminating Friday with the revelation that Trump is under investigation for potentially violating the Espionage Act. Timeline Friday, Aug. 5 Digital World Acquisition Corp., the special purpose acquisition company seeking to merge with Trump’s Truth Social platform, requested in a Securities and Exchange Commission filing that it have another year to close the deal due to investigations by the SEC and the Department of Justice , potentially derailing the plan to take the platform public. Monday, Aug. 8, 1:35 p.m. CNN reported that a lawyer representing the plaintiffs in a defamation suit against Infowars host Alex Jones had turned over two years of Jones’ texts to the … [Read more...] about Legally, It’s Been A Rough Week In Trumpworld—A Timeline
Share to Twitter Share to Linkedin Welcome to the Checks & Imbalances newsletter . Today we get you caught up on this week’s abundance of Trump news. Mar-A-Lago Is Looking To Hire 91 Foreign Workers This Year M ar-a-Lago, former president Donald Trump’s private club-cum-legal residence at the center of an investigation into his handling of classified government documents, has relied on temporary foreign workers to keep the sprawling estate humming. Last year, the Trump Organization sought 87 foreign workers for the Palm Beach property, up from 78 a few years earlier. It’s not clear how many were hired, but no doubt at least some likely had backstage access to political theater (maybe even scraps of presidential records floating in toilets ). On Monday, the Federal Bureau of Investigation raided Mar-a-Lago, with one of Trump’s attorneys confirming the agency’s search related to an investigation into his handling of classified … [Read more...] about Checks & Imbalances: Mar-A-Lago’s Busy Week
Editor's note: Below you'll find the week 99 release of the NYC Recovery Index, originally published July 26, 2022. Visit the NYC Recovery index homepage for the latest data. New York City’s economic recovery surged forward for the week ending July 16, 2022, with the overall index score increasing by five points to 72 out of 100. Although COVID-19 hospitalizations continued to rise for the sixth consecutive week, stabilizing unemployment claims, increased rental vacancies, and a rise in both subway ridership and restaurant reservations helped the index recover from the setback last week. New York City’s economic recovery stands at a score of 72 out of 100, according to the New York City Recovery Index, a joint project between Investopedia and NY1 . Over two years into the pandemic, New York City’s economic recovery is nearly three-quarters of the way back to pre-pandemic levels. COVID-19 Hospitalizations Continue to Rise The COVID-19 hospitalization rate in New … [Read more...] about The New York City Recovery Index: July 25
Share to Twitter Share to Linkedin Mountain towns across the country have yet to settle from the avalanche of home buyers that has been sweeping through states such as Colorado, Montana and California for the past two years. Thanks to an increase in remote work and a growing appetite for lifestyle home purchases, mountain properties continue to be hot commodities —so much so that inventory has almost been completely depleted. Luckily, forecasts from 2020 predicted the incoming flurry and new developments were promptly put into the works. Now, as the 2022 ski season approaches, many of these new luxury homes are up for sale. Check out these brand-new luxury developments in climbing mountain markets. MORE FROM FORBES $6.5 Million Mountain Retreat Is Rare Inventory For Booming Tahoe Town By Spencer Elliott Ski-In/Ski-Out Townhomes in Copper Mountain, Colorado Starting Price: $3.85 million Nestled slope-side in a … [Read more...] about Market Comparison: Modern New Development Options In The Western U.S.
It’s been a tough week for chip stocks. On Monday, Nvidia had warned its revenues would be well below its guidance as gaming revenue slowed. Then Micron cut its current-quarter revenue and warned of negative free cash flow for the quarter as customer inventories pile up amid weakening demand for chips used in PCs and smartphones. Micron ( MU ) shares fell nearly 4%, while Nvidia ( NVDA ) shares fell another 4% after losing 8% the day before. The Micron warning also rattled other chip and chip-related stocks. Lam Research ( LRCX ), Applied Materials ( AMAT ), and KLA ( KLAC ) shares fell over 7%. Micron said fourth quarter revenue is likely to come in at or below the low end of the company’s prior forecast. Its earlier range of $6.8 billion to $7.6 billion had fallen short of analyst targets in June. The company also warned it could see significant sequential declines in revenue and margins in the first quarter due to a fall in shipments. The news came as Micron … [Read more...] about Micron Warning Rattles Chip Stocks