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The 2:59 PM Trade
It's Friday afternoon, 2:59 pm. Most traders are clocking out. But legendary Millionaire trader Tim Sykes is about to cash in on a strange weekend "loophole."
He's used this exact method to make $8,780... $9,518... and even $16,159 over the weekend. But today, he wants to show YOU how to do it too.
(This 27th May story corrects paragraph 14 to say “consumer prices” (not inflation), adds dropped word “since”) By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending rose more than expected in April as households boosted purchases of goods and services, and the increase in inflation slowed, which could underpin economic growth in the second quarter…
By Nick Carey and Christina Amann LONDON/BERLIN (Reuters) – The humble wire harness, a cheap component that bundles cables together, has become an unlikely scourge of the auto industry. Some predict it could hasten the downfall of combustion cars. Supplies of the auto part were choked by the war in Ukraine, which is home to…
TOKYO (Reuters) -Japan’s Toyota Motor Corp on Monday said it missed its global production target for April as COVID-19 outbreaks and a parts shortage slowed its post-pandemic recovery. The world’s largest automaker by sales produced 692,259 vehicles last month, a 9.1% drop from the same month last year, and falling short of an earlier plan…
By Daniel Leussink TOKYO (Reuters) – Japan’s economy will grow at a weaker rate than previously thought this quarter despite hopes for a strong rebound in consumption after showing resilience in the three months through March, a Reuters poll of economists showed. The world’s third-largest economy is at risk of being hobbled by slowing economic…
BEIJING (AP) — Asian stocks rose Monday after Wall Street rebounded from a seven-week string of declines and China eased anti-virus curbs on business activity in Shanghai and Beijing. Shanghai, Tokyo, Hong Kong and Sydney advanced. Oil rose more than $1 per barrel to stay above $110. On Wall Street, the benchmark S&P 500 index…
By Wayne Cole SYDNEY (Reuters) – Asian stocks tracked Wall Street higher on Monday while the dollar was pinned near five-week lows as investors wagered on an eventual slowdown in U.S. monetary tightening, albeit after sharp hikes in June and July. Helping to mellow the mood was news that Shanghai authorities will cancel many conditions…
By Sonali Paul and Harshita Swaminathan MELBOURNE (Reuters) – Australia’s top power producer AGL Energy on Monday ditched plans to split the company and said its chairman and CEO would step down, caving in to opposition from billionaire climate activist and top shareholder Mike Cannon-Brookes. AGL’s capitulation comes as the country’s biggest carbon emitter faces…
By Sonali Paul MELBOURNE (Reuters) – Oil prices rose to two-month highs on Monday as traders waited to see if the European Union would reach an agreement on banning Russian oil ahead of a meeting on a sixth package of sanctions against Moscow for its invasion of Ukraine. Brent crude futures gained 46 cents, or…
By Sam Nussey TOKYO (Reuters) – SoftBank Group Corp trimmed borrowing from its main bank Mizuho Financial Group Inc by 4.5% in the year ended March to 812 billion yen ($6.38 billion), a filing showed. Borrowing by the Japanese tech conglomerate from JPMorgan Chase & Co fell 23% to 637 billion yen and from Goldman…
By Wayne Cole SYDNEY (Reuters) – Asian stocks followed Wall Street higher on Monday while the dollar was pinned near five-week lows as investors wagered on an eventual slowdown in U.S. monetary tightening, albeit after sharp hikes in June and July. Helping to mellow the mood was news that Shanghai authorities will cancel many conditions…
