Day: August 22, 2022
Shares of Netflix Inc. NFLX, -6.55% were off more than 2% in premarket trading Monday after CFRA analyst Kenneth Leon downgraded the stock to sell from hold. He wrote that Netflix’s stock is up 40% from its July low, but he thinks it could lag the S&P 500 SPX, -2.27% for the balance of the […]
In addition to timely upgrades, the drop in transaction fees can be attributed to multiple factors, including falling market prices and lower mining difficulty. 3450 Total views 95 Total shares The average transaction fees on the Bitcoin (BTC) blockchain fell below $1.00 for the first time in over two years, further strengthening its use case […]
All three major U.S. stock indexes dropped to New York session lows Monday afternoon as investors came to terms with the prospect of continued rate hikes by the Federal Reserve. Dow industrials DJIA, -2.04% fell more than 600 points, or 1.8%, led by shares of Intel Corp. The S&P 500 SPX, -2.26% was down 2% […]
Ford Motor Co. F, -4.57% has confirmed layoffs affecting about 3,000 jobs mostly in the U.S. and Canada, and has started to notify workers through internal e-mail, The Wall Street Journal reported Monday. The auto maker said the cuts are effective Sept. 1. Ford reportedly had been planning layoffs over the summer in connection with […]
Pfizer Inc. PFE, +0.08% and BioNTech SE BNTX, +0.68% said Monday that they formally completed an application asking the Food and Drug Administration to authorize their experimental bivalent COVID-19 booster in those who are 12 years old or older. The new shot equally targets the original strain of the virus and the BA.4 and BA.5 […]
Shares of Cano Health Inc. CANO, +15.87%, which provides primary care to seniors, soared 17.6% in trading on Monday, while shares of Oak Street Health Inc. OSH, +4.59%, another medical provider for people covered by Medicare, jumped 3.5%. Amazon Inc. AMZN, -3.09%, CVS Health Corp. CVS, -1.49%, and UnitedHealth Group UNH, -0.51% are reportedly in […]
Shares of Foot Locker Inc. FL, -2.50% fell back by 1.3% in premarket trades on Monday, after a 20% jump in the previous session on plans by the company to hire Mary Dillon, the former CEO of Ulta Beauty Inc. ULTA, -1.65%, as its chief executive officer starting on Sept. 1. Following the news, Morgan […]
Adidas ADS, -5.21% in a brief statement said that CEO Kasper Rorsted will leave next year. The company said the decision was made mutually by Rorsted and the board. He will stay on until a successor has been appointed. Adidas shares fell 3% in Frankfurt and have dropped 37% this year.
Last weekend, the BTC grew somewhat but nothing has changed strategically. On Monday, the leading cryptocurrency rests near $21,444. To recover fully from the decline last Thursday and Friday, the BTC needs to reach above $22,500-$22,800. The resistance level might be on $21,800-$21,900. An important support level is still on $21,000. So, the US stock […]
GBPUSD is falling attacked by the “greenback” and because of the controversial economic outlook. The Pound Sterling remains weak against the USD. The current quote for the instrument is 1.1833. The Pound is highly likely to continue “losing weight” in the near future. No matter what decisions the Bank of England is going to make, […]
