Day: April 9, 2022

Apr 09
LivePerson responds to Starboard letter, says it’s executing its priorities and growth plan

LivePerson Inc. LPSN, +2.08% responded Friday to a letter from activist investor Starboard Value LP, saying it has “constructively engaged” in talks with Starboard Value and the fund’s Managing Member Peter Feld since Starboard disclosed its investment in February. “LivePerson remains committed to serving the best interests of all shareholders,” the mobile messaging company said […]

Apr 09
Applied Blockchain sets price terms in IPO

Applied Blockchain Inc. said Friday it plans to raise up to $67 million in its initial public offering by selling about 3.24 million shares at an estimated price range of $16.54 to $20.54 a share with underwriters B. Riley Securities and Needham & Co. Dallas-based Applied Blockchain plans to trade on the Nasdaq under the […]

Apr 09
Boeing stock leads the Dow’s decliners after reports of 757 jet breaking in half

Shares of Boeing Co. BA, -1.56% slipped 0.7% in morning trading Friday, after reports that a Boeing 757 cargo jet broke in half while landing. The stock was the biggest decliner among Dow Jones Industrial Average DJIA, +0.40% components. A Boeing 757 operated by package delivery company DHL detected a hydraulic system failure soon after […]

Apr 09
This Wall Street Analyst Says the Fed is too Late with Policy Tightening, Expects Decline in Stocks

US market researcher Jim Bianco warned that the Federal Reserve’s decisive steps to curb runaway inflation would hurt Wall Street. In his opinion, all financial assets may suffer, writes CNBC.At the end of 2021, Bianco turned bearish on the stock market citing inflation as the biggest risk. The fault of the Fed is, in his […]

Apr 09
British pound drops below $1.30 for first time since Nov. 2020

The British pound GBPUSD, -0.31% fell below $1.30 on Friday, trading at the lowest level since November 2020. The U.K. currency has been pressured as the Bank of England, despite being further along with rate increases than the U.S. Federal Reserve, has expressed caution about how high it can take rates. The U.K. currency also […]

Apr 09
U.S. stocks opened mixed Friday, S&P 500 and Nasdaq trade down

U.S. stocks opened mixed Friday, with the technology-heavy Nasdaq Composite COMP, -1.34% and S&P 500 SPX, -0.27% trading lower, as investors continue to digest expectations for a more hawkish Federal Reserve ahead of March inflation data due out early next week. The Dow Jones Industrial Average DJIA, +0.40% was up slightly before dipping into negative […]

Apr 09
New York State to allow state tax deductions for legal cannabis companies

Legal cannabis companies would be allowed for the first time to deduct ordinary business expenses on their state taxes under a budget agreement reached Thursday by New York State lawmakers. This would put cannabis companies on equal tax ground with all other businesses in the state, at least in terms of their New York income […]

Apr 09
BTCUSD, H4 | Potential Bearish Drop

Type: Bearish ReversalKey Levels:Resistance: 45637Pivot: 44565Support: 42905Preferred Case:With price moving below the Ichimoku indicator, we have a bearish bias that price will drop to our 1st support of 42905 in line with the swing low support from our pivot of 44565 in line with the pullback resistance and 38.2% Fibonacci retracement.Alternative Scenario:Alternatively, price may rise […]

Apr 09
USDCAD, H4 | Potential Bearish Drop

Type: Bearish ReversalKey Levels:Resistance: 1.27021Pivot: 1.25985Support: 1.24267Preferred Case:With price expected to reverse off the stochastics indicator, we have a bearish bias that price will drop to our 1st support of 1.24267 in line with the swing low support from our pivot of 1.25985 in line with the pullback resistance and 38.2% Fibonacci retracement.Alternative Scenario:Alternatively, price […]

Apr 09
Walgreens CEO joins VillageMD board

Walgreens Boots Alliance WBA, +0.69% CEO Rosalind Brewer joined the board of Village MD, a privately held network of primary care clinics that Walgreens has invested in. Walgreens announced in October that it would invest $5.2 billion in VillageMD, with the goal of opening 600 Village Medical at Walgreens clinics by 2025. Walgreens now owns […]