Day: August 12, 2022
Equity markets made another leap upwards amid a buildup of expectations of a slight dovish shift in the Fed policy. This was facilitated by the release of the US July CPI, which showed that inflation in July decelerated faster than expected. Core inflation remained unchanged at 5.9% (despite expectations of acceleration), headline inflation slowed down […]
Coinbase’s new institutional-focused staking product won’t be a “near-term phenomenon” while liquid staking is still being worked out. 407 Total views 17 Total shares Institutional staking of crypto assets, including the post-Merge Ethereum, could become a “phenomenon” in the future, but not while their assets still need to be “locked up.” Speaking during a Q2
The U.S. Postal Service said late Thursday it filed a notice with regulators to allow for a “temporary price adjustment” for packages during the holiday season. The adjustment “is similar to ones in past years that help cover extra handling costs to ensure a successful peak season,” USPS said. The peak-season pricing plan was approved […]
While Bitcoin and Ethereum prices may have climbed lately, Bitcoin mining companies have been absolutely pumping. 255 Total views 4 Total shares Crypto mining companies have seen their stock prices increase as much as 120% over the last month, amid rebounding crypto asset prices, higher mining profitability, and sharp increases in BTC production. Crypto mining […]
U.S. stocks closed mostly lower on Thursday as a sharp equity rally that followed cooler inflation data for July took a breather. The Dow Jones Industrial Average DJIA, +0.08% still gained about 27 points, or 0.1%, ending near 33,337, a day after all three major stock indexes posted their highest close since early May, according […]
The Ethereum Merge may be coming sooner than planned, after core developers announced a tentative Merge date of Sept. 15, which will see the blockchain transition to Proof-of-Stake. The Ethereum mainnet Merge date came into view after core developers such as Tim Beiko and Prysmatic Labs co-founder Terence Tsao agreed in an Aug. 11 developer […]
J&J Snack Foods Corp. JJSF, +0.62% said late Thursday its board has declared a quarterly cash dividend of 70 cents a share, payable on Oct. 11 to shareholders of record as of Sept. 19. That’s a 10.6% increase from the previous dividend, the company said. Shares of J&J Snack Foods were flat in the extended […]
Type: Bullish Rise Key Levels:Resistance: 34021Pivot: 33438Support: 32699 Preferred Case:On the H4, with price moving above the ichimoku indicator and along an ascending trendline, we have a bullish bias that price will rise to pivot at 33438 where the swing high resistance is. Once there is upside confirmation that price has broken pivot structure, we […]
Type: Bullish Breakout Key Levels:Resistance: 2022.93Pivot: 1919.44Support: 1785.62 Preferred Case:On the H4, with price moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise to pivot at 1919.44 where the 161.8% fibonacci extension, -27.2% fibonacci expansion and swing high resistance are. Once there is upside confirmation […]
Poshmark Inc.’s stock POSH, +1.34% initially fell 8% before rebounding in extended trading Thursday after the social-commerce marketplace posted fiscal second-quarter revenue largely in line with Wall Street analysts’ forecasts but offered guidance that fell short of estimates. Poshmark reported a net loss of $22.9 million, or 29 cents a share, compared with a net […]
