Analyst news

• EUR/GBP Technical Analysis: Down Trend Back in Play?

  09-05-2017 10:48
  The Euro broke below support guiding it higher against the British Pound for three weeks, hinting that the down trend started in mid-March may be resuming.
  
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• World’s most profitable airline now accepts crypto payments for flights

  29-07-2026 23:02 via rocketnews.com
  
  Emirates launched cryptocurrency payment functionality on its website and mobile app, enabling customers with Crypto.com accounts to purchase flight tickets directly from their digital wallets. The payment option became available on July 28 to eligible residents of the United Arab Emirates for bookings priced and settled in Emirati dirham, with transactions processed in accordance with local regulatory standards.
  The partnership between the two organizations was originally signed in July 2025,
  
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• Secretary Bessent cracks down on non-profit tax loopholes

  29-07-2026 23:02 via rocketnews.com
  
  Treasury Secretary Scott Bessent has endorsed a package of nonprofit transparency bills amid changes to how charitable donations are taxed. Starting with the 2026 tax year, taxpayers claiming the standard deduction can write off up to $1,000 in cash charitable donations, or $2,000 for joint filers. Simultaneously, those who itemize deductions now face a higher threshold, with charitable gifts deductible only to the extent they exceed 0.5% of adjusted gross income.
  Bessent made his position on n
  
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• National beer and wine distributor files Chapter 11 bankruptcy

  29-07-2026 23:02 via rocketnews.com
  
  Republic National Distributing Company and 17 affiliates filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas on July 26. The Atlanta-based distributor listed between $500 million and $1 billion in assets against $1 billion to $10 billion in debts. The company sought going-concern sales of its remaining assets, operational wind-down, transition services agreements, and equity holder settlement approval.
  The 128-year-old distributor, founded
  
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• Meta’s stock drops on light revenue guidance, dwindling free cash flow

  29-07-2026 23:02 via rocketnews.com
  
  Meta Platforms saw its stock price fall more than 6% in extended trading following the release of second-quarter earnings results and forward guidance that fell short of market expectations. The company provided third-quarter revenue guidance of between $61 billion and $64 billion, with a midpoint of $62.5 billion, compared with analyst expectations of $63.15 billion according to LSEG. The company attributed approximately 1% of the expected shortfall to unfavorable foreign currency headwinds ba
  
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• Major cannabis company closes 2 facilities, cuts 211 jobs

  29-07-2026 23:02 via rocketnews.com
  
  Parallel, a multi-state cannabis operator, announced the permanent closure of two Florida facilities located in Wimauma and Lakeland, resulting in 211 job losses. The facility closures began on July 6 or during the following 14-day period, according to a Worker Adjustment and Retraining Notification filing reviewed by TheStreet. Affected positions at the facilities included cultivation technicians, production technicians, processing technicians, laboratory workers, and supervisors. At the Wimau
  
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• GE Vernova Wins Contract to Modernise Dinorwig Hydropower Plant in Wales

  29-07-2026 23:02 via rocketnews.com
  
  GE Vernova has won a contract from First Hydro Company to replace two pumped storage generating units at the Dinorwig pumped storage hydropower station located in North Wales. First Hydro Company is a joint venture between ENGIE and La Caisse. The project represents part of a comprehensive modernization initiative intended to extend the operational lifespan of one of the United Kingdom’s most critical energy storage installations.
  The Dinorwig facility has operated for more than four deca
  
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• Apple launches US device leasing program with Klarna

  29-07-2026 23:02 via rocketnews.com
  
  Apple introduced a new device leasing initiative in the United States on July 28, partnering with payments company Klarna to offer customers flexible monthly payment options for multiple product categories. The program, named Apple Upgrade, consolidates and replaces the company’s previous iPhone Upgrade Program and iPhone Payments offerings in the country.
  The leasing terms vary by product type. Customers can rent iPhones and Apple Watches under either 12- or 24-month agreements, while Ma
  
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• Microsoft beats Q4 cloud expectations as full-year Azure revenue tops $100 billion

  29-07-2026 23:01 via rocketnews.com
  
  Microsoft disclosed strong fiscal fourth-quarter results, with the company’s stock gaining 3% in extended trading on Wednesday. Total revenue expanded approximately 18% year-over-year in the quarter ending June 30. Net income reached $35.77 billion, or $4.81 per share, compared to $27.23 billion, or $3.65 per share, in the equivalent period a year prior.
  The company benefited from a $3.2 billion gain related to its investment in artificial intelligence firm Anthropic and realized lower-th
  
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• Hims and Hers shares fall 10% as FTC sues company over data, billing practices

  29-07-2026 23:01 via rocketnews.com
  
  The Federal Trade Commission filed a lawsuit against telehealth provider Hims and Hers Health, citing claims that the company misled consumers on multiple fronts. The FTC, alongside Los Angeles County and Utah authorities, alleged that Hims and Hers disclosed users’ sensitive health information to online advertising firms including Meta Platforms and Snap Inc. through tracking technologies integrated into its website, contradicting privacy assurances provided to customers.
  Additional alle
  
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• 56-year-old fast-food giant has closed over half its restaurants

  29-07-2026 23:01 via rocketnews.com
  
  Long John Silver’s has experienced significant contraction in recent years, closing 30 additional locations in 2025 alone, according to franchise disclosure documents reviewed by Undercurrent News. The chain, which launched in Lexington, Kentucky in 1969, operated 1,081 restaurants at its peak but now maintains approximately 494 locations based on its website store locator. Its primary competitor, Captain D’s, has surpassed it with roughly 530 restaurants.
  The chain’s decline
  
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• Brent May Not Return to Pre-Conflict Levels Anytime Soon. Forecast as of 29.07.2026

  29-07-2026 13:56 via litefinance.org
  
  The conflict in the Middle East is unfolding as expected: escalation followed by de-escalation. As a result, investors expect Brent to quickly return to pre-conflict levels. However, that is not guaranteed. Let's examine the key drivers and develop a trading plan.Major Takeaways China's oil imports are increasing. Saudi Arabia's alternative shipping routes are blocked. Global reserves are nearing critical levels. Consider buying Brent, targeting $95 and $100.Weekly Fundamental Forecast for
  
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• United earnings top estimates but airline expects $6 billion in added fuel costs

  29-07-2026 13:02 via rocketnews.com
  
  United Airlines reported second-quarter results that exceeded Wall Street expectations, though the carrier faced significant headwinds from elevated fuel costs. The airline’s adjusted earnings per share came in ahead of analyst forecasts, driven by strong revenue growth and sustained passenger demand despite higher ticket prices.
  However, fuel expenses remained a major concern for the carrier. United estimated that increased fuel costs could add approximately $6 billion to its full-year e
  
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• Stock market today: Dow, S&P 500, Nasdaq futures steady in countdown to Fed decision, AI earnings test

  29-07-2026 13:02 via rocketnews.com
  
  Stock index futures showed modest gains on Wednesday as markets prepared for multiple catalysts including the Federal Reserve’s interest rate announcement and earnings reports from major technology firms.
  S&P 500 futures advanced 0.2%, while Nasdaq-100 futures climbed 0.3%. Dow Jones Industrial Average futures declined 0.2% as crude oil prices moved higher following military tensions in the Middle East. Brent crude gained nearly 4% to trade above $85 per barrel after Iran conducted wh
  
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• South Korea may cap leveraged ETF investments for retail investors, media reports say

  29-07-2026 13:02 via rocketnews.com
  
  South Korea’s Financial Services Commission indicated on Tuesday that the country’s regulatory authorities were reviewing potential restrictions on leveraged exchange-traded funds for individual investors. Lee Eog-weon, chairman of the FSC, met with local brokerages and asset managers in Seoul to discuss the matter.
  The potential measures under consideration include implementing a cap on the total investment value that individual retail investors could hold in single-stock leveraged
  
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• RingCentral (RNG) Soars to New High as 67% Higher Dividend Payout Looms

  29-07-2026 13:02 via rocketnews.com
  
  RingCentral shares advanced significantly on Monday, reaching an intraday record of $55.30 before closing at $53.70, representing an 11.16 percent gain for the session. The momentum was driven by investor positioning ahead of the record date for elevated dividend payments to shareholders.
  The company announced plans to distribute $0.125 per share in dividends, representing a 67 percent increase from previous levels. The record date for eligibility was set for August 6, 2026, with actual payment
  
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• Moody’s says ‘unprecedented’ AI spending threatens credit quality of Amazon, Meta, Alphabet and others

  29-07-2026 13:02 via rocketnews.com
  
  Moody’s Ratings released a research note cautioning that the rapid expansion of artificial intelligence infrastructure is creating financial strain for the world’s largest technology companies. The spending surge, occurring at a rate of approximately one trillion dollars annually, is forcing even the most cash-rich corporations to increase reliance on debt issuance, equity sales, and off-balance-sheet financing arrangements to fund their AI initiatives.
  The ratings firm projects tha
  
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• Bunge beats second-quarter profit estimates on strong processing margins

  29-07-2026 13:01 via rocketnews.com
  
  Bunge reported better-than-expected second-quarter earnings and increased its full-year adjusted profit outlook on July 29. The agricultural commodities company attributed its stronger results to robust performance in its soybean and softseed processing divisions, which capitalized on improving market conditions.
  Corn and soybean prices in the United States have risen considerably since the beginning of the Iran war, leading farmers to accelerate sales of stored grain that had been withheld fro
  
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• Short-Term Analysis for Oil, Gold, and EURUSD for 29.07.2026

  29-07-2026 09:42 via litefinance.org
  
  Welcome, my fellow traders! I have prepared a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of the margin zones method and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.Yesterday, the oil price broke through the Target Zone of 80.53–79.36.Major Takeaways USCrude: The oil price has corrected higher to the resistance zone A of 81.43–81.04. XAUUSD: Gold is testing the 4,044 level from below. EURUSD: The euro conti
  
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• The Dollar Enters Uncharted Territory. Forecast as of 29.07.2026

  29-07-2026 08:42 via litefinance.org
  
  Markets currently price in a 68% probability that the Federal Reserve will leave interest rates unchanged, compared with a 32% chance of a rate hike. This is the narrowest gap since September 2024, making a surprise outcome quite possible. How will the US dollar react? Let's discuss this topic and make a trading plan for EUR/USD.Major Takeaways The US dollar has diverged from oil prices. Speculation about a Fed rate hike is intensifying. A passive Fed stance would weigh on the greenback. Keeping
  
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• Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 29.07.2026

  29-07-2026 08:06 via litefinance.org
  
  Dear readers,I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on Elliott Wave analysis.Major Takeaways BTCUSD: The price continues to decline in the fifth part of an impulse. Consider short positions with a Take Profit at 57,662.26. XRPUSD: The price is declining in the final impulse wave of the zigzag pattern. Consider short positions with a Take Profit at 0.951. ETHUSD: The price is moving lower in a bearish impulse wave. Short positions can be considered w
  
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• Weekly Economic Calendar for 03.08.2026–09.08.2026

  29-07-2026 02:00 via litefinance.org
  
  The market remains gripped by extreme volatility. Geopolitical developments continue to dominate sentiment, overshadowing key macroeconomic data. Nevertheless, during the week of August 3–9, 2026, investors will closely monitor important economic releases from China, Germany, Switzerland, the US, New Zealand, Australia, Canada, and the Eurozone.Friday's release of the US Department of Labor's July employment report will undoubtedly be the key event of the week.Note: During the coming week,
  
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• Why Microsoft, Meta, and Amazon earnings could crush the S&P 500

  28-07-2026 23:02 via rocketnews.com
  
  The concentration of the S&P 500 index among a handful of mega-cap technology stocks has reached historic levels, with the 10 largest companies now representing 38% of the index. This concentration has raised concerns among market strategists about vulnerability to negative earnings surprises from key holdings, particularly regarding artificial intelligence capital expenditure trends.
  Alphabet’s earnings report last week triggered a significant sell-off in its shares, which fell 9% ov
  
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• Wheat Fading Back Early on Monday

  28-07-2026 23:02 via rocketnews.com
  
  Wheat futures markets experienced weakness during the session, with the complex under pressure from profit-taking activity as traders closed positions before the weekend. Chicago SRW contracts closed down 12 to 18 1/4 cents in front-month contracts, while September contracts fell 4 3/4 cents on the week. Kansas City HRW futures declined 10 to 14 3/4 cents in nearby contracts for the day, though September maintained a weekly gain of 13 cents. Minneapolis spring wheat futures retreated 10 to 15 3
  
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• Volkswagen CFO addresses plant closures, job losses as profits sink

  28-07-2026 23:02 via rocketnews.com
  
  Volkswagen announced results for the second quarter that fell below analyst expectations, posting an operating profit of 3.5 billion euros for the April to June period, representing a decline of nearly 10% compared to the same timeframe the previous year. The figure missed consensus estimates of 4.3 billion euros compiled by LSEG.
  The company also revised its outlook for full-year 2026, indicating it now expects sales revenue to decline by up to 3% rather than grow by the previously projected u
  
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• Soybeans Falling Back on Monday Morning Trade with Weather and Outside Pressures

  28-07-2026 23:02 via rocketnews.com
  
  Soybean futures markets experienced significant pressure during Monday morning trading, with losses ranging from 32 to 35 cents across contracts. This decline followed a stronger Friday session in which futures closed steady to 10½ cents higher, with August contracts gaining 43½ cents for the week and November contracts advancing 50½ cents. The national average cash bean price had risen 9¾ cents to $12.14¾ on Friday.
  Weather conditions emerged as a primary hea
  
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• Hogs Look to Monday Trade as Pork Stocks See a Build

  28-07-2026 23:02 via rocketnews.com
  
  Lean hog futures closed higher on Friday across multiple contract months. August futures settled $1.20 higher for the week, while open interest increased by 442 contracts during the session. The CME Lean Hog Index rose 40 cents on July 22 to $97.48. USDA’s national base hog price declined $2.77 in the Friday afternoon report, settling at $99.37.
  Commodity Futures Trading Commission data from the weekly Commitment of Traders report showed managed money reducing their net short position by
  
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• Corn Retreating Early on Monday

  28-07-2026 23:02 via rocketnews.com
  
  Corn futures experienced weakness early in the trading session, with losses of 12 to 14 cents driven by an improving weather outlook and a $6.07 decline in crude oil prices. While initial weakness was substantial, front-month contracts staged a partial recovery, pulling more than 8 cents off their lows before the close. September contracts closed fractionally mixed, ending the day up 19 1/2 cents for the week, while December contracts finished unchanged but were up 20 cents on a weekly basis.
  O
  
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• Coca-Cola hikes full-year forecast. CEO tells CNBC the World Cup boosted its brands

  28-07-2026 23:02 via rocketnews.com
  
  Coca-Cola released second-quarter results that surpassed analyst expectations, prompting the company to elevate its full-year projections. The beverage maker now forecasts comparable earnings per share growth of 9% to 10%, up from a previous range of 8% to 9%. Additionally, Coke raised its organic revenue growth outlook to approximately 5%, moving to the upper end of its earlier 4% to 5% guidance.
  The company attributed much of its strong quarterly performance to the impact of its World Cup mar
  
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• Abbott Laboratories (ABT) Fell as Guidance and Litigation Concerns Overshadowed Growth

  28-07-2026 23:02 via rocketnews.com
  
  Jensen Quality Growth Equity Strategy, a US-based asset management fund, issued its second-quarter 2026 investor letter detailing portfolio performance and specific holdings. The fund returned 10.94% net of fees during the quarter, trailing the S&P 500 Index’s 15.20% return. Market strength during the period was driven by easing geopolitical tensions, improved financial conditions, sustained consumer spending, and ongoing investment in artificial intelligence infrastructure. However,
  
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