Day: July 12, 2022
It has come to the attention of the Central Bank of Ireland (‘Central Bank’) that a scam entity by the name Renfrew Capital Management (Ireland and Bermuda), formerly operating the website https://renfrewcapitalmgmt.com, has been claiming to be an investment firm / investment business firm in the State in the absence of appropriate authorisations. In this […]
Netflix Inc. NFLX, -5.15% is in talks with several external candidates to oversee an ad-supported version of its streaming service, according a Wall Street Journal report. The company has interviewed candidates that include Pooja Midha, chief growth officer of Comcast Corp.’s CMCSA, -1.98% advertising unit, and Peter Naylor, Snap Inc.’s SNAP, -6.02% vice president of […]
Gold futures declined on Monday, following back-to-back session gains, to settle at their lowest in over nine months. Prices for the precious metal fell as “recession jitters” continue to send the U.S. dollar higher, said Edward Moya, senior market analyst at OANDA. “Inflation is playing tug-of-war with gold and the precious metal is trying to […]
The dollar continued to strengthen on Monday after the release of the US labor market report on Friday, which did not confirm market pessimism about the US economy, reinforcing the view that the US is now an “island of stability” for large capital. The key measures of the US labor market remained in June at […]
COVID Backlash in China Shares in Sands China Ltd, the leading developer and owner of integrated resorts and casinos in Macau are in freefall today. The drop in the stock’s price comes in response to news that China has shutdown all casinos and resorts in Macau as a result of soaring COVID cases there. The […]
Shares of Duolingo Inc. DUOL, -14.34% tumbled 13.6% in afternoon trading Monday, to pullback from the previous session’s highest close of this year, after KeyBanc analyst Justin Patterson downgraded the online language-learning company, due primarily concerns over valuation. Patterson cut this rating to sector weight, after being at overweight since March, as the stock price […]
U.S. stocks ended lower Monday, as China’s latest restrictions aimed at curbing the spread of COVID-19 added to global growth concerns. The Dow Jones Industrial Average DJIA, -0.52% closed about 0.5% lower, while the S&P 500 SPX, -1.15% fell more than 1% and the Nasdaq Composite COMP, -2.26% dropped about 2.3%, according to preliminary FactSet […]
