Day: May 10, 2022
Tesla Shares Fall Lower Again This Week Tesla shares continue to plunge lower this week. The company has undergone a sharp shift in sentiment since the test of 1142.17 highs with shares having now dropped by over 30% since that latest peak, currently sitting on support at the 777.11 level. News of Elon Musk’s purchase […]
EURCAD Testing Channel TopPrice action in EURCAD is looking interesting here. The pair has been grinding steadily lower within a well-respected bear channel over the course of 2022 so far. However, we’ve seen strong bullish divergence creeping in at the recent lows. Price has since reversed higher off the 1.3439 level and is testing the […]
A crypto analyst claimed that staking Bitcoin within exchanges allows them to sell it to someone else; Cointelegraph reached out to the platforms for more info. 1906 Total views 5 Total shares Security breaches and hacks often highlight the risks of storing Bitcoin (BTC) on centralized exchanges. One analyst even claims that keeping your BTC […]
Shares of Playtika Holding Corp. PLTK, -11.80% shed 3.1% in premarket trading Tuesday, after the Israel-based mobile games company reported net income that rose nearly four-fold but revenue that came up shy of expectations, and provided a downbeat full-year outlook. Net income rose to $98.6 million, or 20 cents a share, from $25.7 million, or […]
U.S. stock indexes finished deeper in the red on Monday, with energy and technology stocks leading a swoon ahead of the closing bell. The Dow Jones Industrial Average DJIA, -1.99% lost about 653 points, or 2%, to end near 32,245. Declines were even steeper for the S&P 500 index SPX, -3.20%, which tumbled 3.2% to […]
White House press secretary Jen Psaki on Monday pushed back after a reporter asked if economists such as Larry Summers were right last year to warn that some government policies were going to lead to inflation. “I wouldn’t say we agreed with them then and we don’t agree with them now,” Psaki told reporters during […]
Daily Market Outlook, May 9, 2022 Overnight Headlines China Export Growth Slows To Lowest In Almost 2 Years, Imports Flat China Paper Sees Q2 GDP Slow To 2.1%; RRR Cut Unlikely In May China Stimulus Fails To Ignite Housing Sales Over Key Holiday China Premier Warns Of ‘Grave’ Jobs Situation As Lockdowns Weigh Shanghai Tightens […]
Plug Power Inc. PLUG, -14.32% stock fell more than 6% in the extended session Monday after the hydrogen fuel-cell company reported a wider-than-expected quarterly loss and revenue was below expectations, saying that higher natural-gas prices have hit its margins. Plug Power lost $157 million, or 27 cents a share, in the first quarter, compared with […]
In the future, India’s NDSL and the Securities Board division will welcome other entities to join the decentralized network. 1161 Total views 28 Total shares The National Securities Depository (NSDL), India’s central securities depository based in Mumbai, launched blockchain-based security and covenant monitoring platform. NSDL officially launched the distributed ledger technology (DLT) platform on Saturday during […]
ThredUp Inc. TDUP, -13.42% shares fell nearly 10% in the extended session Monday after the secondhand retailer posted mixed quarterly results, with sales above expectations but losses wider than Wall Street estimated. ThredUp said it lost $21 million, or 21 cents a share, in the quarter, compared with a loss of $16 million, or 86 […]
