Day: April 22, 2022

Apr 22
Europe’s offshore wind capacity could rise to a record high this year

Europe is set to install a record capacity of offshore wind power this year, led by the United Kingdom, as the old continent seeks to boost energy supplies away from Russia. And energy research company Rystad Energy expects, in a report issued yesterday , Thursday, that the added capacity of offshore wind energy in Europe […]

Apr 22
Market Spotlight: Powell Confirms .5% Rate Hike ‘On Table’ For May FOMC

USD Rally ContinuesThe US Dollar is seeing better demand into the end of the week following comments from Fed chairman Jerome Powell yesterday. Powell, who was taking part in an IMF meeting regarding the global economy, yesterday confirmed that larger .5% hikes are “on the table” for the next meeting on May 4th.Powell explained that, […]

Apr 22
Corn Future (ZC1!), H1 Potential For Bearish Continuation

Type: Bearish ContinuationKey Levels:Resistance: 807’4Pivot: 800’2Support: 789’6Preferred Case:With price moving below the Ichimoku cloud and the descending channel, we see a potential bearish continuation from our pivot level of 800’2 which is in line with 38.2% Fibonacci retracement and horizontal overlap resistance towards our 1st support level of 789’6 which is in line with the […]

Apr 22
GBPCAD Wave Analysis – 22 April, 2022

• GBPCAD reversed from support level 1.6320• Likely to rise to resistance level 1.6475 GBPCAD recently reversed up from the key support level 1.6320 (which has been reversing the price from the end of March) – strengthened by the lower daily Bollinger Band. The upward reversal from the support level 1.6320 created the daily candlesticks […]

Apr 22
Earth Day: A closer look at crypto projects that make the world a greener place

Earth Day, a 52-year-old tradition celebrated annually on April 22, provides an opportune moment for the world’s citizens to reflect upon their environmental progress, as well as rally support for political policy-making, cultural climate awareness and individual commitments to sustainability. The emergence of blockchain and Web3 has provided the core architecture for a structural remodeling […]

Apr 22
Alcoa draws downgrade from Citi on aluminum prices

Alcoa AA, -16.94% shares on Friday fell 0.7% in premarket trades as the stock extended a big loss of 16.9% in regular trades on Thursday. Citigroup analyst Alexander Hacking on Thursday downgraded Alcoa to neutral from buy and kept his target price at $84 a share. “Alcoa seems fairly valued against this backdrop pricing in […]

Apr 22
Autoliv stock dives after big profit miss and lowered outlook, citing cost inflation and weaker LVP growth

The U.S.-listed shares of Autoliv Inc. ALV, -0.21% dove 6.8% in premarket trading Friday, after Sweden-based the automotive safety systems maker report a first-quarter profit that fell well below expectations and cut its full-year outlook, citing the negative impact of increased cost inflation on an already distressed supply chain. Net income fell to $83 million, […]

Apr 22
FCA review finds weaknesses in some challenger banks’ financial crime controls

A review by the FCA has found that challenger banks need to improve how they assess financial crime risk, with some failing to adequately check their customers’ income and occupation. In some instances, challenger banks did not have financial crime risk assessments in place for their customers. The review, conducted over 2021, identified a rise […]

Apr 22
Aussie media company goes all in on NBA fan engagement with NFTs

Australian basketball media company, Basketball Forever is using NFTs to massively increase fan engagement. 827 Total views 57 Total shares Australian media company Basketball Forever has announced an NFT project titled Hoop Hounds which seeks to increase NBA fan engagement and provide substantial real-world utility for the tokens.  Critics of NFTs have consistently taken aim […]

Apr 22
Cathie Wood’s ARK funds sell nearly $100 million worth of Tesla stock after earnings

Cathie Wood’s ARK Invest sold nearly $100 million worth of Tesla TSLA, +3.23% shares after the electric vehicle maker’s well-received first-quarter results. The flagship ARK Innovation ETF ARKK, -4.97% sold $70 million worth of Tesla stock. Tesla is still the top holding of the ARK Innovation ETF, representing some 10% of the portfolio, and it’s […]