Day: January 4, 2022

Jan 04
Kosovar government halts crypto mining amid power crisis

Following a recommendation from the Technical Committee on Emergency Measures for Energy Supply, Kosovo’s Minister of Economy has decided to ban crypto mining. 2514 Total views 76 Total shares The government of Kosovo has ceased crypto mining in the country owing to power constraints during the winter season. Kosovo’s Minister of Economy, Artane Rizvanolli, has […]

Jan 04
API data reportedly show a weekly drop of more than 6 million barrels in U.S. crude supplies

The American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 6.4 million barrels for the week ended Dec. 31, according to sources. The API also reportedly showed weekly inventory increases of 7.1 million barrels for gasoline and 4.3 million barrel for distillates. Crude stocks at the Cushing, Okla., delivery hub rose by […]

Jan 04
Bitcoin mining manufacturer Canaan expands footprint in Kazakhstan

China’s crackdown on crypto mining has allowed Kazakhstan to quickly fill the void by offering cheap fuel and a welcoming business environment. 1673 Total views 17 Total shares Bitcoin (BTC) mining hardware manufacturer Canaan Inc is expanding its footprint in Kazakhstan after signing new strategic partnerships with multiple crypto mining firms in the country.  The […]

Jan 04
Trajector withdraws plans for IPO, less than 2 months after initial filing

Trajector Inc. filed Tuesday to withdraw its previous filing for an initial public offering, “effective immediately.” The Florida-based benefits management software company had filed to go public on Oct. 18, but had not yet determined the number of shares to offer, the expected price of the IPO, the number of shares expected to be outstanding […]

Jan 04
Gold futures end higher a day after settling at a nearly 2-week low

Gold futures rose Tuesday, recouping some of the losses a day earlier that brought prices to their lowest finish in almost two weeks. A sharp rise in Treasury yields which begins to drive real interest rates higher is a “major risk to the gold market,” analysts at Sevens Report Research wrote in Tuesday’s newsletter. For […]

Jan 04
Pfizer doubles sales of COVID-19 pill to U.S. government to 20 million treatment courses

Pfizer Inc. PFE, -2.98% said it will sell an additional 10 million treatment courses of its oral therapy, Paxlovid, to treat COVID-19 to the U.S. government this year. That doubles the total amount of courses contracted by the U.S. government to 20 million, with 10 million courses to be delivered by the end of June […]

Jan 04
Bank stocks get a broad boost from recent big jump in Treasury yields

Bank stocks were getting a big, broad boost Tuesday with Treasury yields rallying for a second-straight day, as fears that the spike the omicron variant of the coronavirus will hurt the economy continued to fade. The SPDR S&P Bank ETF KBE, +3.27% rallied 2.3% toward a six-week high, with all 93 of its equity components […]

Jan 04
Cullinan Oncology stock shoots higher after lung cancer treatment granted BTD by FDA

Shares of Cullinan Oncology Inc. CGEM, +6.87% shot up 15.2% in premarket trading Tuesday, after the biopharmaceutical company said its CLN-081 was granted Breakthrough Therapy Designation (BTD) by the U.S. Food and Drug Administration for the treatment of non-small cell lunch cancer. A BTD expedites the development and review of drugs for the treatment of […]

Jan 04
Stocks edge higher to begin 2022 with gains

U.S. stocks opened slightly higher Monday, kicking off the new year on a positive note after gaining substantial ground in 2021. The Dow Jones Industrial Average DJIA, +0.68% was up 90 points, or 0.2%, at 34,429, while the S&P 500 SPX, +0.64% rose 0.4% to 4,785.90. The Nasdaq Composite COMP, +1.20% was up 0.8% at […]

Jan 04
Press release on the suspension of trading in Cofinimmo

ANNOUNCEMENT BY THE FINANCIAL SERVICES AND MARKETS AUTHORITY, PUBLISHED IN APPLICATION OF ARTICLE 78 OF THE LAW OF 21 NOVEMBER 2017 Trading in the financial instruments of Cofinimmo, ISIN BE0003593044 , on Euronext Brussels is suspended on the request of the company from 1/09/2021 at 15:00 CET until the publication of a press release. Source: […]