Day: August 25, 2022
Citigroup Inc. C, +0.12% said Thursday it’ll wind down its retail operation in Russia in a move that it expects will affect 2,300 and 15 branches, according to a filing. “Citi will also continue to actively pursue sales of certain Russian consumer banking portfolios,” the bank said. The move includes Citi’s deposits, investments, loans and […]
Malibu Boats Inc. MBUU, +0.55% shares are rallying 7% in premarket trades Thursday after the company beat Wall Street’s profit and sales targets. The Loudon, Tenn., company said its fourth-quarter profit rose to $46.1 million, or $2.31 a share, from $33.44 million, or $1.60 a share, in the year-ago quarter. Adjusted income was $2.43 a […]
Abercrombie & Fitch Co. ANF, -5.57% fell 11% in premarket trades Thursday after the company said it lost $16.83 million, or 33 cents a share, in its second quarter, compared to a net income of $108.5 million, or $1.69 a share, in the year-ago quarter. Its adjusted loss in the latest quarter totaled 30 cents […]
Pfizer Inc. PFE, -1.21% said Thursday a Phase 3 trial of older adults testing its bivalent RSV vaccine candidate achieved 85.7% efficacy in participants with more severe disease. RSV, or Respiratory Syncytial Virus, is a contagious virus that’s defined by a group of respiratory symptoms that vary from mild to more severe. The virus affects […]
The top-10 Ethereum non-exchange addresses have seen an 11% decline in their holdings while on-exchange whale addresses have seen a 78% increase over the past three months. 1880 Total views 13 Total shares Ethereum blockchain is slated for one of the biggest updates since its inception, as it will transition to a proof-of-stake (PoS) mining […]
Dollar Tree Inc. DLTR, -0.08% shares fell 8% before market open on Thursday as the retailer narrowed its full-year revenue forecast and gave weaker-than-expected earnings guidance. Dollar Tree reported second-quarter sales of $6.77 billion, compared with $6.34 billion in the same period last year, and slightly below the FactSet consensus of $6.79 billion. Dollar Tree […]
After three days of plummeting, EURUSD managed to recover to parity. The major currency pair is trying to regain its positions. The current quote for the instrument is 0.9990. The statistics published by the US yesterday turned out to be not as disappointing as it could have been. The Durable Goods Orders report showed no […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after forming an Inverted Hammer reversal pattern close to the support area, EURUSD may reverse in the form of a new rising impulse. In this case, the upside target may be at 1.0055. However, an alternative scenario implies that the price may […]
The Ethereum co-founder suggests that cryptocurrency payments are a “big boost” to international business, charity, and even payments within countries. 3106 Total views 141 Total shares Ethereum co-founder Vitalik Buterin suggests the superiority of cryptocurrency for payments is often “underrated” compared to fiat, pointing to the convenience of international payments and payments to charities as […]
Atlanta Fed President Raphael Bostic told The Wall Street Journal in an interview that it’s a “coin toss” right now between supporting a half point or a 75 basis point rate hike in September. He said if data remains strong and inflation doesn’t soften, it may make the case for the larger increase. Bostic, who […]
