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Walmart posted higher quarterly sales, continuing a run of solid growth as the world’s largest retailer taps into online shopping and a robust U.S. economy ahead of the busy holiday season.
WSJ.com: US Business
Macy’s Inc. on Wednesday posted third-quarter same-store sales that beat Wall Street’s expectations, but it apparently has yet to prove to all investors that its rebound isn’t just a fleeting moment.
Same-store sales, a closely watched measure, rose 3.3% for owned and licensed stores, topping analyst…
Macy’s delivered healthy sales growth in its latest quarter and raised its guidance for the year, positioning the retailer for a strong holiday shopping season.
WSJ.com: US Business
Stocks closed lower on Wall Street as Apple fell to its worst loss in more than four years, the AP reports. Even with Friday’s losses the market still wound up higher for the week thanks to gains over the past three days. Apple sank 6.6% after forecasting weak revenue….
Mattel Inc. eked out a small profit in the third quarter, but the troubled toymaker, its problems exacerbated by Toys R Us’ demise and softer demand in China and Europe, said its quarterly sales again fell from a year earlier.
The El Segundo company’s flagship Barbie line of dolls continued to…
World stock markets turned higher again Tuesday, helped by strong earnings reports from major U.S. companies. Investment banks Morgan Stanley and Goldman Sachs, healthcare products company Johnson & Johnson and health insurer UnitedHealth all climbed after announcing their third-quarter results….
Taylor Swift certainly talked a big game by endorsing 2 candidates in Tennessee, but a bunch of other celebs are doing more than talking — they’re paying to support their fave Democrats. We did some digging into 2018 Federal Election…
Encouraging reports on hiring and growth in the service sector sent small companies and banks higher Wednesday and knocked bond prices into a tailspin. The yield on the benchmark 10-year Treasury note surged to its highest level in more than seven years.
Both reports were stronger than analysts…
Since yesterday’s update, the cryptocurrency markets have produced a strong bounce over the last 24 hours. Of the top ten cryptocurrencies by market cap, Ethereum, and Monero were the day’s top gainers – both of which have posted gains of over 15% in the last 24 hours.
BTC Tests $ 6,500
In the last 24 hours, BTC has gained by roughly 3% – with current prices testing resistance at the $ 6,500 USD area as of this writing.
Looking at the daily chart, the stochastic RSI appears poised to break above the 20 threshold – signaling that more bullish action may ensue should BTC be able to produce and hold a strong break above the $ 6,500 area.
Bitcoin Cash Gains 7% in 24 Hours
BCH produced gains of approximately 7% in the last 24 hours, bouncing off a new low for 2018 of $ 410 yesterday to now be trading for roughly $ 455.
The bullish move for BCH coincided with a roughly 5% gain over BTC – with BCH currently trading for around 0.07 BTC after bouncing off 0.066 BTC yesterday.
Ethereum Shorts and Longs Continue to Test Record Highs
Of the top ten cryptocurrencies by market capitalization, Ethereum has produced the strongest gains during the last 24 hours of price action. As of this writing, ETH is trading for $ 205 – up more than 18% from yesterday’s lows of roughly $ 170.
The number of open ETH/USD short positions is currently testing the all-time high area of 240,000 for the second time since the record was established just three days ago.
The number of ETH/USD longs appears to be retracing to test the area of September 5th’s prior all-time high of roughly 330,000, after yesterday establishing a new record of approximately 360,000.
ETH has gained roughly 15% over BTC in the last day, bouncing from 0.027 BTC to test resistance at 0.032 BTC.
For two consecutive days, ETH/USD has posted a larger trade volume than BTC/USD to comprise the most traded pairing on Bitfinex.
Monero Gains by 17.4% in 24 Hours
XMR was the second strongest performing of the top ten cryptocurrencies by market cap today – gaining approximately 17% over yesterday’s low of $ 96. XMR is trading for $ 114 as of this writing.
When measuring against BTC, XMR has rallied roughly 12.5% from yesterday’s low of 0.0155 BTC, with XMR trading for 0.0175 BTC as of this writing.
Do you think the cryptocurrency markets will continue to produce bullish momentum in coming days? Share your thoughts in the comments section below!
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Hidden in the strong economic statistics, many U.S. firms at home and in China feeling pain of tariffsSeptember 13, 2018 | dailybusinessnews
Partially masked by the percolating economy and highflying stock market, tariffs imposed by the Trump administration and retaliation by U.S. trading partners have begun to cause significant pain for a large and growing swath of U.S. businesses at home and abroad.
Companies and establishments from…