Day: September 12, 2022

Sep 12
FCA decides to impose conditions on takeover of Link Group

Home News FCA decides to impose conditions on takeover of Link Group Following announcements made on Monday 12 September by Link Group to the Australian Securities Exchange and Dye and Durham (D&D) to the Toronto Stock Exchange, the Financial Conduct Authority is providing a short update on its involvement in the proposed takeover of the […]

Sep 12
Traders see inflation falling for rest of 2022, but that likely won’t end Fed rate hikes or market volatility

There’s a bit of good and bad news in the run-up to the next major U.S. inflation data on Tuesday, following July’s bigger-than-expected decline in the U.S. consumer-price index which triggered a short-term relief rally among stock investors. The corner of financial markets with money on the line in getting the CPI data just right […]

Sep 12
FDA schedules advisory meeting to discuss over-the-counter birth control

Shares of Perrigo Co. PRGO, +3.04% gained 2.1% in trading on Monday after the company said a Food and Drug Administration advisory committee meeting has been scheduled to review the application for an over-the-counter birth control. The meeting is set for Nov. 18. The medication, a daily oral contraceptive, is called Opill. If approved, it […]

Sep 12
Adobe stock downgraded at Mizuho ahead of earnings

Shares of Photoshop owner Adobe Systems Inc. ADBE, -0.22% were falling 1% in premarket trading Monday after Mizuho analyst Gregg Moskowitz downgraded the software stock to neutral from buy and cut his price target to $440 from $480, writing of his caution heading into the company’s Sept. 15 earnings report. “Our checks this quarter were […]

Sep 12
Moderna says Japan regulator has approved partial change to NDA for its omicron-targeting COVID booster

Moderna Inc. MRNA, -0.78% said Monday the Japanese regulator has approved a partial change to its new drug application for its omicron-targeting COVID booster, MRNA-1273.214. The approval from the Ministry of Health, Labour and Welfare is based on data from a Phase 2/3 trial in which the booster met all primary endpoints, including superior neutralizing […]

Sep 12
E-mini Dow Jones Futures (YM1!), H4 Potential For Bullish Rise

Type: Bullish Rise Key Levels:Resistance: 33432Pivot: 31862Support: 30966 Preferred Case:On the H4, with price moving along the ascending trendline and breaking above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 31862 where the pullback support is to the 1st resistance at 33432 where the overlap resistance, 78.6% […]

Sep 12
Micro Bitcoin Futures (MBT1!), H4 Potential For Bullish Rise

Type: Bullish Rise Key Levels:Resistance: 24320Pivot: 22440Support: 20790 Preferred Case:On the H4, with price moving above the ichimoku indicator, we have a bullish bias that price will rise to the pivot at 22440 where the overlap resistance and 61.8% fibonacci retracement are. Once there is upside confirmation that price has broken pivot structure, we would […]

Sep 12
Exchanges criticized for ‘nothingburger PR’ posts on upcoming LUNC tax burn

KuCoin, Gate.io and MEXC Global were in the crosshairs of community members as they expressed their support for the upcoming on-chain LUNC transaction burn. 3387 Total views 41 Total shares As the upcoming Terra Classic (LUNC) burning mechanism gained more hype, some crypto exchanges thought it would be a good idea to express their support. […]

Sep 12
Novavax’s COVID-19 booster is now authorized in Europe

Shares of Novavax Inc. NVAX, +0.32% were up 2.4% in trading on Monday after the company said its COVID-19 booster has been authorized in Europe for adults. Novavax’s stock has declined 77.3% so far this year, while the S&P 500 SPX, +0.78% is down 14.6%. Source: Marketwatch

Sep 12
Wells Fargo reaches settlement with Dept. of Labor over 401(k) plan stock purchases

Wells Fargo & Co. WFC, +0.96% and the U.S. Dept. of Labor said Monday the bank agreed to pay $145 million in connection with an investigation into whether the bank’s 401(k) plan overpaid for shares of Wells Fargo preferred stock. The bank agreed to pay $131.8 million to retirement plan participants, plus a penalty of […]