Day: August 1, 2022

Aug 01
Woodward shares plunge on lowered guidance

Shares of Woodward Inc. WWD, +0.09% plunged 7.43% in extended trading on Monday after the aircraft component maker lowered its full-year guidance. The company’s stock closed Monday’s session up 0.09% at $104.79. Woodward reported fiscal third-quarter net income of $39 million, or 64 cents a share, compared to net income of $49 million, or 74 […]

Aug 01
Best monthly gains since October 2021 — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts a new week and a new month on a cautiously positive footing after protecting crucial levels. After an intense July in which macro factors provided significant volatility, BTC price action managed to provide both a weekly and monthly candle favoring the bulls. The road to some form of recovery continues, and at […]

Aug 01
Dow, S&P 500 end lower Monday, kick off August under cloud of potential recession

U.S. stocks finished lower Monday, kicking off August on a downbeat note, after a strong July rally carried the main equity benchmarks to their best month of gains in almost two years. The Dow Jones Industrial Average DJIA, -0.14% shed about 45 points, or 0.1%, to end the session near 32,799. The S&P 500 index […]

Aug 01
$200M BitGet BTC-USDT protection fund hints at investor-centric trend

Bitget’s reasoning behind using a combination of a stablecoin and Bitcoin in the protection fund is to counter massive unforeseen volatility in crypto markets. 1257 Total views 14 Total shares With the ultimate goal to regain investor confidence amid a prolonged bear market, crypto derivatives exchange Bitget launched a $200 million fund to safeguard users’ […]

Aug 01
First Solar’s stock extends rocket ride after BofA upgrades, boosts price target by 66%

Shares of First Solar Inc. FSLR, +1.41% climbed 1.3% toward an eight-month high in afternoon trading Monday, after BofA Securities analyst Julien Dumoulin-Smith backed away from his bearish stance on the solar power systems company, citing upbeat policy developments and pricing potential. Dumoulin-Smith raised his rating to neutral from underperform, and boosted his stock price […]

Aug 01
Forex Technical Analysis & Forecast for August 2022

EURUSD, “Euro vs US Dollar” As we can see in the daily chart, after reaching the short-term downside target at 0.9964, EURUSD has completed the ascending impulse along with the correction; right now, it is forming one more ascending structure towards 1.0360 and may later consolidate there. If the price breaks the range to the […]

Aug 01
The cryptocurrency market digest (BTC). Overview for 01.08.2022

A month ago, we wrote that the crypto market was panicking. Over the time that passed, the crypto sector has somewhat gained balance: buyers did not have enough power to regain control but balanced out quite easily. On Monday, the BTC is near $23,303. The past week and month ended up with growth: over July, […]

Aug 01
New York AG calls for whistleblowers ‘deceived or affected’ by the crypto market crash

“I encourage workers in crypto companies who may have witnessed misconduct to file a whistleblower complaint,” said New York Attorney General Letitia James. 275 Total views 3 Total shares New York Attorney General Letitia James has opened the doors for investors who may have witnessed misconduct at a crypto firm amid the extreme market volatility […]

Aug 01
Palo Alto Networks stock is positioned for ‘total platform domination,’ says analyst

Wolfe Research analyst Joshua Tilton initiated coverage of Palo Alto Networks Inc. shares PANW, +1.73% with an outperform rating and $700 price target Monday, writing that while investors seem to view Palo Alto Networks as a place to “hide out” in the current market, they don’t appropriately recognize the value and upside potential of its […]

Aug 01
Central Bank reinforces consumer protection expectations of regulated financial firms providing Direct Debit services

The Central Bank of Ireland has engaged with financial services firms to reinforce its consumer protection expectations of all regulated firms that also operate as Direct Debit originators (DDOs). This follows a review of plans submitted from the financial services firms that are amongst the top 20 DDOs in Ireland, which set out the measures they […]