Day: January 5, 2022

Jan 05
Bitcoin price drops to $43.7K after Fed minutes re-confirm plans to hike rates

Bitcoin price slipped below $44,000 shortly after notes from the Federal Reserve’s December FOMC session re-confirmed plans to get the balance sheet under control. 20000 Total views 69 Total shares Bitcoin (BTC) and the wider cryptocurrency market fell under as equities markets pulled back at the closing bell after minutes from the Federal Reserve’s December […]

Jan 05
Dow, S&P 500, Nasdaq close sharply lower as stocks slide after Fed minutes

Major U.S. stock benchmarks ended sharply lower Wednesday, with the tech-heavy Nasdaq Composite index suffering the steepest decline, after the Federal Reserve released minutes of its December meeting that showed officials eyeing potentially faster and earlier rate hikes amid high inflation. The Nasdaq COMP, -3.34% dropped about 3.3%, the S&P 500 SPX, -1.94% fell about […]

Jan 05
Apple Wave Analysis – 5 January, 2022

• Apple reversed from resistance zone • Likely to fall to support level 176.85 Apple recently reversed down from the resistance zone lying at the intersection of the key resistance level 181.60(which stopped the previous intermediate impulse wave (3)) and the upper daily Bollinger Band. The downward reversal from this resistance zone stopped the earlier […]

Jan 05
EURCHF Wave Analysis – 5 January, 2022

• EURCHF reversed from support zone • Likely to rise to resistance level 1.040 EURCHF currency pair recently reversed up from the support zone lying at the intersection of the key support level 1.0335 (which stopped the previous minor impulse wave 1) and the lower daily Bollinger Band. The upward reversal from this support zone […]

Jan 05
Hasbro names Chris Cocks as CEO

Hasbro Inc. HAS, -0.58% said late Wednesday its board appointed Chris Cocks as chief executive and named him as a board member effective Feb. 25. Cocks currently serves as president and chief operating officer Hasbro’s Wizards of the Coast and Digital Gaming division, and replaces Brian Goldner, who died in October. Cocks has served in […]

Jan 05
Blockchain and the metaverse make inroads at Consumer Electronics Show

Samsung will feature its developments in metaverse technology, with several other companies showcasing blockchain, NFT and crypto integrations with the metaverse. 6403 Total views 126 Total shares Blockchain, metaverse and nonfungible token (NFT) technology are set to make a splash at the Consumer Electronics Show (CES) event in Las Vegas this week. The CES is […]

Jan 05
Oil prices settle higher as U.S. crude supplies edge lower, but gasoline stockpiles climb

Oil prices finished with a gain on Wednesday after the Energy Information Administration reported a sixth straight weekly decline in U.S. crude inventories. The EIA report, however, highlighted a sharp decline in oil exports and refined product demand in the U.S., “as the normal seasonal decline in demand during the holiday week was exacerbated by […]

Jan 05
OpenSea raises $300M for encrypted digital marketplace

OpenSea’s market value has now surpassed $13.3 billion following the new cash injection. 2801 Total views 53 Total shares The nonfungible token (NFT) market is gaining momentum as the next frontier in collectibles, gaming and the metaverse.  To accelerate this vision, OpenSea announced on Tuesday that it has secured $300 million in a Series C funding […]

Jan 05
Wells Fargo Chief Risk Officer Amanda Norton retiring this year: Reports

Wells Fargo & Co. WFC, +0.09% Chief Risk Officer Amanda Norton will retire from the bank in June after about four years in the post, according to reports on Tuesday. Norton, 55, joined Wells Fargo in 2018. Wells Fargo plans to name a replacement in the next few weeks, according to reports by The Wall […]

Jan 05
Kevin O’Leary-backed WonderFi to buy Bitbuy parent company for $162M

WonderFi, backed by Canadian billionaire Kevin O’Leary, is looking to increase its footprint in Canada with the acquisition of crypto exchange Bitbuy. 2031 Total views 68 Total shares Kevin O’Leary-backed decentralized finance (DeFi) platform WonderFi Technologies is increasing its footprint in Canada by buying the first regulated crypto exchange in the country.  WonderFi agreed to […]