Costco Wholesale Corp. (COST) has been under the lens of Elliott Wave analysts, particularly in terms of its impulsive trend and motive structure. The analysis indicates that COST is currently in wave 5, specifically within wave {iii} of 5, suggesting an upward trajectory. Following the completion of the triangle in wave 4, wave {ii} of
Evolving
The Bank of England is scheduled to hold a meeting on Thursday at 11:00 am GMT, amidst the backdrop of a General Election in the country. This event has added an element of complexity to trading decisions, as the central bank is expected to maintain a cautious stance ahead of the election to avoid creating
Despite facing opposition from large institutional investors, Tesla CEO Elon Musk’s $56 billion pay package was approved by shareholders. This overwhelming show of support from retail investors solidifies Musk’s leadership within the company and reaffirms their confidence in his vision for Tesla’s future. The annual meeting highlighted Tesla’s recent achievements and plans for autonomous vehicles,
The recent decision by the European Union to impose tariffs on Chinese electric vehicles has sparked a wave of opposition from China and other key players in the automotive industry. Beijing has expressed hope that the EU will reconsider its decision and avoid further escalation in what they consider to be the wrong direction. The
The ASX 200 experienced a modest gain of 0.53% during the Thursday morning session. This increase was mainly driven by positive movements in iron ore and gold spot prices, as well as stable performance in WTI crude oil. However, the overall impact of commodity price fluctuations on the market was mixed, resulting in a varied
The Federal Reserve recently concluded its two-day meeting and made the decision to keep the key interest rate unchanged. Despite markets hoping for a more accommodative stance from the central bank, the Federal Open Market Committee (FOMC) indicated that only one rate cut is expected before the end of the year. This was a departure
GameStop recently made headlines by raising more than $2 billion through a successful stock sale. This move came at a time when the company was able to capitalize on a renewed interest in meme stocks, fueled by the resurgence of trader Roaring Kitty. By completing an at-the-market equity offering and selling 75 million shares, GameStop
As we delve into the intricacies of the financial world this week, all eyes are on the upcoming FOMC interest rate decision. In the wake of rate cuts by the ECB and BOC, investors are eagerly anticipating the Fed’s stance on interest rates in June. Market expectations, backed by surveys and data, suggest that the
The dollar stabilized after reaching a four-week high against other major currencies as traders eagerly awaited key U.S. inflation data and the Federal Reserve’s updated interest rate projections. The U.S. dollar’s recent rebound can be attributed to Friday’s strong jobs report, which suggests sustained inflation alongside robust economic growth. Consequently, the likelihood of the Federal
The USD/CHF pair has shown remarkable stability in the face of the looming Federal Reserve policy decision. Traders are cautiously navigating the thin trading environment, with the pair hovering around 0.8950 during early European hours. This calmness can be attributed to investors adopting a wait-and-see approach as they anticipate the Fed’s interest rate decision on
The Group of Seven (G7) wealthy democracies are gearing up to send a firm message to small Chinese banks about their involvement in assisting Russia in evading Western sanctions. Leaders from the G7 countries are expected to have intense conversations during their upcoming summit in Italy about the growing trade relationship between China and Russia
In the wake of Chanel’s top designer’s departure, the $1.62 trillion luxury goods industry is experiencing significant upheaval. This departure has sent ripples not only through Chanel but across all major global players at a time when the industry as a whole is at a crossroads. Traditionally, the playbook for top fashion labels like Chanel,