Day: May 17, 2022

May 17
Paramount Global and Citi surge after Berkshire Hathaway discloses new stakes

Steven Goldstein is based in London and responsible for MarketWatch’s coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch’s economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein. Source: Marketwatch

May 17
BitMEX launches spot crypto exchange following $30M penalty

Founded in 2014, BitMEX is one of the world’s oldest crypto trading platforms, but it has never offered spot crypto trading till now. 588 Total views 7 Total shares Global crypto derivatives exchange BitMEX is expanding its platform beyond just derivatives by finally launching a spot crypto trading platform. BitMEX officially announced on May 17 […]

May 17
Twitter ‘committed to completing’ Elon Musk transaction in proxy statement on $54.20-a-share deal

Twitter Inc. TWTR, -8.18% said Tuesday it has filed a preliminary proxy statement with the U.S. Securities and Exchange Commission regarding its agreement for the social media site to be acquired by Tesla Inc. TSLA, -5.88% CEO Elon Musk to $54.20 a share in cash. “Twitter is committed to completing the transaction on the agreed […]

May 17
Griffon soars toward biggest gain in 35 years after reviewing alternatives, including possible sale

Shares of Griffon Corp. GFF, +23.94% soared 23.4% toward a record in morning trading Monday, after the diversified management and holding company said it started a review of strategic alternatives to maximize shareholder value, which could include a sale of the company, a divestiture or a recapitalization. The stock is also headed for the biggest […]

May 17
Japanese Candlesticks Analysis 17.05.2022 (USDCAD, AUDUSD, USDCHF)

USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Hammer reversal pattern close to the support level, USDCAD is reversing in the form of a new ascending impulse. In this case, the upside target may be at 1.2930. However, an alternative scenario implies that the asset may […]

May 17
Forex Technical Analysis & Forecast 17.05.2022

EURUSD, “Euro vs US Dollar” After forming a new consolidation range around 1.0412, EURUSD has broken it to the upside. Today, the pair may correct with the target at 1.0474. Later, the market may then start a new decline towards 1.0300 or even extend this structure down to 1.0200. GBPUSD, “Great Britain Pound vs US […]

May 17
Daily Market Outlook, May 16, 2022

Daily Market Outlook, May 16, 2022 Overnight Headlines Goldman Sachs Cut US Growth Forecasts For 2022, 2023 McConnell Sees Wednesday Senate Vote On Ukraine Bill China Keeps Key Rate Unchanged Amid Sharp Slowdown China Economy Cools Sharply In April As Lockdowns Bite Shanghai Official: Aim For Return To Normal Life In June EU Consider Gas […]

May 17
New York City is ‘approaching’ a COVID alert level of ‘high’ and people should again wear face masks indoors

New York City is approaching a COVID alert level of “high,” according to a statement from the health department, that urges New Yorkers to again wear face mask in indoor settings. For now, the city’s alert level remains “medium,” but cases are continuing to climb, driven by the omicron variant and subvariants. In an advisory, […]

May 17
Gold finishes up 0.3% Monday, snaps 2-session skid

Gold futures rose on Monday, ending a 2-session slid, as the dollar’s surge took a breather and Treasury yields pulled back from a recent peak. Gold for June deliver gmc22 GC00, +0.41% advanced $5.80, or 0.3%, to settle at $1,814.00 an once on Comex, bouncing after the yellow metal briefly traded below the $1,800 threshold. […]

May 17
IQIYI stock soars after J.P. Morgan swings to bullish from bearish, quadruples price target

Shares of iQIYI Inc. IQ, +14.81% soared 17.7% in afternoon trading Monday, after a double upgrade by J.P. Morgan analyst Alex Yao to buy from underweight, saying the China-based streaming-video company is a beneficiary of a new paradigm surrounding China’s long-form video industry, in which major platforms switch focus to profitability from expansion. Yao multiplied […]