Day: September 15, 2022
Shares of Spectrum Brands Holdings Inc. SPB, -15.27% dove 8.6% in morning trading Thursday toward a two-year low, after the U.S. Department of Justice sued to block the branded consumer products company’s sale of its hardware and home improvement (HHI) business to Sweden-based Assa Abloy AB ASAZY, +1.18% ASSA.B, +1.33% amid competition concerns. Spectrum responded […]
Third Harmonic Bio Inc. THRD, +17.94%, a biotech specializing in allergic and inflammatory diseases, priced its initial public offering late Wednesday at $17 a share the midpoint of its $16 to $18 price range. But the company was able to upsize the deal to 10.9 million shares from an earlier plan to offer just 9 […]
Type: Bearish Drop Key Levels:Resistance: 1707.0Pivot: 1694.6Support: 1680.8 Preferred Case:On the H4, with the price moving below the ichimoku cloud and descending trendline, we have a bearish bias that the price may drop from the pivot at 1695.8, which is in line with the swing lows to the 1st support at 1680.8, where the swing […]
Copper Traders Eyeing A Downside Break? The fear and uncertainty around the prospect of a global recession over the remainder of the year are well reflected in the recent price action we’ve seen in copper futures. Following the heavy sell off we saw over Q2, prices attempted a recovery across July but were rebuffed into […]
Moments before the big Ethereum Merge took place, co-founder Vitalik Buterin shared his excitement and PoS vision with the community. 5397 Total views 105 Total shares As the clock counted down to the final moments of the big Ethereum Merge, co-founder Vitalik Buterin joined the Ethereum Mainnet Merge Viewing Party livestream hosted by the Ethereum […]
Third Harmonic Bio Inc. THRD, +18.83% received a warm Wall Street welcome Thursday, as the biotechnology company’s stock opened 20.6% above the initial public offering price. The company, which specializes in allergic and inflammatory diseases, said early Thursday that its IPO priced at $17 a share, in the middle of the expected range, as the […]
President Joe Biden is scheduled to deliver remarks at 11 a.m. Eastern on a tentative deal by rail companies and unions to avert a strike, the White House said Thursday. Biden and Labor Secretary Marty Walsh announced a deal early Thursday in separate statements. A strike could have worsened inflationary pressures. The deal will go […]
The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies rose by 77 billion cubic feet for the week ended Sept. 9. That compared with the average analyst forecast for an increase of 69 billion cubic feet, based on a survey conducted by S&P Global Commodity Insights. Total working gas stocks in storage […]
Businesses boosted inventories, or products waiting to be sold, rose by 0.6% in July in a sign the economy was growing steadily over the summer. Economists polled by The Wall Street Journal had forecast a 0.6% increase. Rising inventories adds to gross domestic product and usually reflect an expanding economy. The government said sales fell […]
United States Steel Corp. X, -1.30% shares rose about 1% in premarket trades, rebounding from an 8.6% loss in the previous session. The company said Thursday it expects third-quarter adjusted earnings of $1.90 a share to $1.95 a share. Analysts surveyed by FactSet currently expect earnings of $2.09 a share. “We expect to deliver a […]
