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Workday shares fell as analysts lowered their price targets for the software maker after the company revised its full-year subscription revenue forecast.

Baker Hughes oil rig count fell sharply by -12 to 407.

Natural gas rigs rose 3 to 130

Total rigs fell -10 t0 544,

It makes you wonder if the lower prices are taking some of the marginal oil rigs offline.

This article was written by Greg Michalowski at investinglive.com.

United States Baker Hughes US Oil Rig Count: 407 vs previous 419

Disney’s “Zootopia 2” and Universal’s “Wicked: For Good” are set for strong Thanksgiving box office haul, but not as big as 2024’s record-breaking tally.

The price of bitcoin has been under pressure since reaching the last peak on October 27 near $116,381. Since then the price has moved down to a low price of $80,533 – reaching that level on November 21.

The move back to the upside extended up to $89,222 on Monday’s trade and the price has just reached just short of that the level at $89,156. A move above that level should open the door for further upside momentum.

Technically, the price extended back above its falling 100 hour moving average on Sundays trade and has used that moving average as a support level (with some modest breaks here and there) since that time. However, the 200 hour moving average has been a topside resistance level as well.

In the current hourly bar, the price finally broke above that 200 hour moving average (Green line on the chart above). The break above the moving average at $87,691, gave the buyers the go-ahead to push to the upside.

The current price is now trading above Monday’s high – reaching a new intraday high $89,698. Buyers are making a play. Can they keep the momentum going? The next target comes in at the 38.2% retracement of the move down from the October high at $94,229.

This article was written by Greg Michalowski at investinglive.com.

The Japanese Yen (JPY) remains under pressure against the US Dollar (USD) on Wednesday despite a broadly weaker Greenback.

The Atlanta Fed GDPNow guesstimate for 3Q growth failed to 3.9% from 4.0% just yesterday. In their own words:

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2025 is 3.9 percent on November 26, down from 4.0 percent on November 25. After this morning’s advance durable manufacturing report from the US Census Bureau, the nowcast of third-quarter real gross private domestic investment growth decreased from 4.4 percent to 3.5 percent.

The next GDPNow update is Monday, December 1.

This article was written by Greg Michalowski at investinglive.com.

Pharma companies are facing pricing pressure from several directions, including from the U.S. Medicare negotiations

The Freddie Mac says that the 30 year average mortgage rate fell to 6.23% from 6.26% last week.

The recent lows going back to October 2022 is at 6.09%. The low price on this last cycle to the downside has taken the rate down to 6.19%.

This article was written by Greg Michalowski at investinglive.com.