Day: January 12, 2022

Jan 12
Gold futures tally a third straight session gain

Gold futures settled higher for a third straight session on Tuesday. Comments from the Federal Reserve’s Jerome Powell at his confirmation hearing for a second four-year term as chairman did little to sway expectations for higher inflation and volatility in financial markets. Powell said the central bank’s plans to raise interest rates should not throw […]

Jan 12
Tiny Bitcoin miner defies massive odds to solve a valid block

Despite having a modest hashrate capacity of about 126 TH/s, the lucky miner won the crypto equivalent of the lottery and took home 6.25 BTC worth about $266,000. 5161 Total views 40 Total shares A single Bitcoin miner from the Solo CK mining pool has defied the odds after successfully adding a new block on […]

Jan 12
Oil prices finish at a 2-month high

Oil prices rallied Tuesday to log their highest settlement in about two months. The global oil demand outlook “still looks upbeat as most major economies are getting closer to the other side of the omicron fence,” said Edward Moya, senior market analyst at OANDA. U.S. benchmark crude prices poised to make a “run towards last […]

Jan 12
Buy high, sell high: Custom pipe-maker to Snoop Dogg and Santana tokenizes bongs

“As an artist, we need a certificate of authenticity to connect to the art. NFTs act as a certificate of authenticity and create value and legacy,” said Jerome Baker Designs Founder and President Jason Harris. 930 Total views 45 Total shares Las Vegas-based glass pipe maker to the stars Jerome Baker Designs will launch a […]

Jan 12
Ally Financial stock rises on dividend hike, buyback program

Ally Financial Inc. ALLY, +0.76% shares rose in the extended session Tuesday after the financial services company’s board approved a dividend hike and a share-repurchase program. Ally shares rose 2% after hours, following a 0.8% rise to close the regular session at $50.54. The company said the board raised the quarterly dividend by 20% to […]

Jan 12
Investment Bank Outlook 11-01-2022

Credit AgricoleAsia overnight Investors remain nervous ahead of the US inflation data later this week. Sentiment is being supported a little by news that Pfizer could have an omicron-variant[1]specific vaccine for Covid by March. A potential peak in omicron infections in New York is also helping support sentiment as the peak would be about a […]

Jan 12
Daily Market Outlook, January 11, 2022

Daily Market Outlook, January 11, 2022 Overnight Headlines Four Fed Hikes May Be Just Start As Traders Boost Rate Bets Fed Powell Vow To Prevent Inflation Becoming ‘Entrenched’ Fed Clarida Resigns Two Weeks Early In Trading Controversy US, Russia Talks Yields Modest Progress Amid Ukraine Crisis Nord Stream 2 Sanctions Get Senate Vote As US, […]

Jan 12
Animal Concerts partners with Korea’s Klaytn: K-pop in the Metaverse?

The US-based Metaverse concert organizer Animal Concerts has partnered with South Korea’s Klaytn blockchain network to bring leading global music entertainment stars to the Metaverse. 652 Total views 84 Total shares Metaverse concert organizer Animal Concerts has partnered with South Korean unicorn Kakao’s Klaytn network to increase its exposure to the Korean entertainment industry and […]

Jan 12
API data reportedly show a nearly 11 million-barrel weekly rise in U.S. gasoline supplies

The American Petroleum Institute late Tuesday reported a decline in weekly U.S. crude supplies, but inventories of gasoline climbed sharply, according to sources. The API reportedly said domestic crude supplies fell by 1.1 million barrels for the week ended Jan. 7, while gasoline stockpiles saw a weekly increase of 10.9 million barrels and distillate supplies […]

Jan 12
Meta poaches staff from Microsoft and Apple for Metaverse plans

According to former staff, around 100 people have already jumped ship from Microsoft to Meta alone. Meanwhile, Apple is offering generous bonuses to hold onto their workers. Employees from Microsoft and Apple are jumping ship to join Meta Platforms as the company sets its sights on creating the Metaverse. According to former employees of Microsoft […]