Articles by: Miroslav Marinoff
Miroslav Marinoff, a news editor at Binary Tribune, is engaged with observing and reporting on the tendencies in the Foreign Exchange Market and the US Stock Market.

American Express shares retreat the most in two weeks on Thursday, company’s quarterly profit falls short of expectations

January 20, 2017 10:44 am
American Express shares retreat the most in two weeks on Thursday, company’s quarterly profit falls short of expectations

On January 19th American Express Company (AXP) reported a lower-than-anticipated profit for the final quarter of 2016, due to higher marketing and promotion expenditures aimed at fending off rivalry. American Express shares registered the largest daily retreat since January 5th on Thursday. The stock went down 1.03% ($0.80) to $76.69, […]

Read more ›

Wells Fargo shares gain a second straight session on Thursday, holding’s international business to be merged with its wholesale banking unit

8:44 am
Wells Fargo shares gain a second straight session on Thursday, holding’s international business to be merged with its wholesale banking unit

On January 19th Wells Fargo & Company (WFC) announced a merger between its international business and its wholesale banking unit. At the same time, Richard Yorke was appointed as Chief Operating Officer of the group’s wholesale banking business. Wells Fargo shares closed higher for a second straight session on Thursday. […]

Read more ›

Major Currency Pairs: Pivot Levels for Friday (January 20th 2017)

7:31 am
Major Currency Pairs: Pivot Levels for Friday (January 20th 2017)

USD/CHF R1 – 1.0072 R2 – 1.0080 R3 (Range Resistance – Sell) – 1.0087 R4 (Long Breakout) – 1.0110 R5 (Breakout Target 1) – 1.0136 R6 (Breakout Target 2) – 1.0146 S1 – 1.0058 S2 – 1.0050 S3 (Range Support – Buy) – 1.0043 S4 (Short Breakout) – 1.0020 S5 […]

Read more ›

General Motors shares gain for the first time in four sessions on Wednesday, company to pay $1 million to settle SEC accounting case

January 19, 2017 10:38 am
General Motors shares gain for the first time in four sessions on Wednesday, company to pay $1 million to settle SEC accounting case

According to a January 18th statement by the US Securities and Exchange Commission (SEC), General Motors Company (GM) is expected to pay $1 million in order to settle an accounting case related to a defective ignition switch, that caused 124 deaths and 275 injuries. Charges stated that lax accounting control […]

Read more ›

Oracle shares close higher on Wednesday, Oracle America Inc charged with wage and hiring discrimination

8:36 am
Oracle shares close higher on Wednesday, Oracle America Inc charged with wage and hiring discrimination

Oracle America Inc, an Oracle Corporation unit, has been sued by the US Labor Department, as white male employees at the technological company systematically received larger payments compared to other worker groups, while, on the other hand, Asians were the most favored applicants in the recruiting process. In a complaint, […]

Read more ›

Commodity Market: Pivot Levels for Thursday (January 19th 2017)

7:09 am
Commodity Market: Pivot Levels for Thursday (January 19th 2017)

Silver (SI) for March delivery (1 Troy Ounce) R1 – $17.302 R2 – $17.329 R3 (Range Resistance – Sell) – $17.357 R4 (Long Breakout) – $17.439 R5 (Breakout Target 1) – $17.535 R6 (Breakout Target 2) – $17.578 S1 – $17.247 S2 – $17.219 S3 (Range Support – Buy) – […]

Read more ›

Target Corporation shares gain the most in two weeks on Tuesday, Q4 performance forecasts revised down as holiday sales disappoint

January 18, 2017 2:30 pm
Target Corporation shares gain the most in two weeks on Tuesday, Q4 performance forecasts revised down as holiday sales disappoint

Target Corporation (TGT) revised down its forecasts regarding Q4 comparable store sales and earnings, while pointing out “softer-than-expected” holiday sales – a result of disappointing traffic and sales trends. According to the retailer, growth of toy sales was more than offset by lower sales of electronics, entertainment, essential products and […]

Read more ›

United Air shares close lower on Tuesday, company’s net profit shrinks 40% in Q4

1:04 pm
United Air shares close lower on Tuesday, company’s net profit shrinks 40% in Q4

According to a January 17th report, United Continental Holdings Inc’s net profit shrank 39.8% during the final three months of 2016, while its passenger unit revenue dropped 1.6%. Actual figures were better than the company’s initial guidance, as November’s last-minute bookings and ticket yields registered an improvement. United Air shares […]

Read more ›

Noble Energy shares close higher on Friday, company to acquire Clayton Williams Energy in a deal valued at $2.7 billion

January 17, 2017 10:42 am
Noble Energy shares close higher on Friday, company to acquire Clayton Williams Energy in a deal valued at $2.7 billion

According to a January 16th statement, Noble Energy Inc is to acquire rival company Clayton Williams Energy Inc in a cash-and-stock deal valued at $2.7 billion in order to expand its operations in the Permian Basin. The deal, which is to be closed in Q2 2017, encompasses 71 000 net […]

Read more ›

Netflix shares gain the most in six weeks on Friday, investors await the company’s quarterly report on earnings

8:38 am
Netflix shares gain the most in six weeks on Friday, investors await the company’s quarterly report on earnings

NASDAQ-listed Netflix stock logged an all-time high closing price on Friday last week, as investor confidence soared ahead of the release of the company’s quarterly report on earnings. The release is scheduled on January 18th. Netflix shares registered their largest daily surge since December 6th on Friday, while also marking […]

Read more ›