Day: August 26, 2022
The Securities and Exchange Commission said Friday it’s reached an agreement with the China Securities Regulatory Commission and the Ministry of Finance of the People’s Republic of China governing inspections and investigations of audit firms based in China and Hong Kong. “This agreement marks the first time we have received such detailed and specific commitments […]
Moderna Inc. MRNA, -1.42% said Friday it is suing Pfizer Inc. PFE, -1.06% and German partner BioNTech SE BNTX, -1.88% for infringing patents relating to its mRNA platform, the source of the COVID vaccines developed by the three parties. The suit is to be filed Friday in the U.S. District Court for the District of […]
The wait for a first Bitcoin spot exchange-traded fund continues as the U.S. SEC buys more time to make a decision on VanEck’s proposed BTC ETF. 833 Total views 9 Total shares The United States Securities and Exchange Commission (SEC) has pushed back a decision on the latest application for a Bitcoin (BTC) spot exchange-traded […]
U.S. stocks opened mixed Friday ahead of Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole economic symposium in Wyoming, as investors digested data showing price pressure eased in July. The Dow Jones Industrial Average DJIA, -1.22% was up 0.2% soon after the opening bell, while the S&P 500 SPX, -1.50% rose less than […]
Type: Bearish Drop Key Levels:Resistance: 13669Pivot: 13346Support: 12999 Preferred Case:On the H4, with price breaking out of an ascending channel and moving below the ichimoku indicator, we have a bearish bias that price will drop from pivot at 13346 where the overlap resistance, 38.2% fibonacci retracement and 61.8% fibonacci projection are to the 1st support […]
Type: Bearish Drop Key Levels:Resistance: 22485Pivot: 20720Support: 18870 Preferred Case:On the H4, with price breaking out of a bullish channel and moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 20720 where the 161.8% fibonacci extension and swing low support are. Once we have downside confirmation of […]
Jefferies analyst Pablo Zuanic said Friday it’s unclear whether New York State’s potential $9 billion legal cannabis market will provide a “significant source of upside” for larger cannabis companies such as Curaleaf Holdings Inc. CURLF, +4.23%, Green Thumb Industries Inc. GTBIF, +9.63% and Columbia Care Inc. CCHWF, +4.59%, which is being acquired by Cresco Labs […]
Shares of Bed Bath & Beyond Inc. BBBY, -2.51% rose 1.6% before market open following the troubled retailer’s announcement that it will hold a conference call Aug. 31 at 8: 15 a.m. Eastern to offer a “business and strategic update.” The meme stock darling announced the investor update after market close on Thursday. “We recognize […]
Some 16 million Americans of working age have long-term COVID and about 2 to 4 million are not working as they struggle with their symptoms, according to a new report from the Brookings Institution. Using data gathered by the Census Bureau in June, the report found the annual cost of lost wages is equal to […]
Shares of Electronic Arts Inc. EA, +1.59% soared 14% in premarket trading on Friday following reports that Amazon.com Inc. AMZN, +2.60% is planning to announce a deal to buy the videogame maker. According to USA Today, which broke the news, rumors have been circling online about a potential acquisition for EA, with Amazon, Apple Inc. […]
