Day: September 15, 2022
Lavoro Ltd., a Brazil-based agricultural inputs retailer, will go public in the U.S. after agreeing to be acquired by special purpose acquisition company (SPAC) TPB Acquisition Corp. TPBA, +0.82% in a deal with an implied enterprise value of $1.2 billion. The deal it expected to close in the fourth quarter of 2022, with the new […]
The Australian dollar against the US dollar continues falling. The current quote is 0.6742. After a crash on Tuesday, the Aussie has somewhat stabilized but sellers are still prevailing. As morning statistics demonstrated, the unemployment rate in Australia in August grew to 3.5% against 3.4% in July, while no changes had been expected. The number […]
USDCHF, “US Dollar vs Swiss Franc” On H4, the pair is under the 200-day Moving Average, which means the prevalence of a downtrend. A test of 6/8 is expected, followed by a bounce off it and falling to the support level of 4/8. The scenario can be cancelled by a breakaway of 6/8 upwards, which might […]
Vitalik Buterin, the co-founder of Ethereum, tweeted a message to thank everyone that helped make the Merge happen. 1958 Total views 14 Total shares As the Merge successfully shifted the Ethereum network to proof-of-stake (PoS), the Ethereum community seized the opportunity to celebrate by dropping artworks and music inspired by Ethereum. Nonfungible token (NFT) artist […]
U.S. stocks opened modestly lower Thursday as investors digested fresh economic data on unemployment claims, retail sales and manufacturing. The Dow Jones Industrial Average DJIA, +0.08% edged down 0.2%, while the S&P 500 SPX, -0.35% fell 0.4% and the Nasdaq Composite COMP, -0.55% dropped 0.7%, according to FactSet data, at last check. Initial jobless claims […]
Republic First Bancorp Inc. FRBK, +8.49% jumped 8% in premarket trades Thursday after the company said it’s initiating a strategic review in the wake of “inquiries by multiple parties expressing interest in one or more potential strategic transactions with the company. Republic First said it set up a strategic review committee to review the recent […]
Merrion Investment Management Co. said Thursday it opposes the proposed $8.4 billion buyout deal for Avalara Inc. AVLR, +0.06% at $93.50 a share. Merrio, which owns 31,925 shares of Avalara with a value of about $3 million, said the Aug. 8 deal is not necessary because the company “is perfectly capable of remaining independent and […]
Shares of Steel Dynamics Inc. STLD, +1.95% bounced 4.6% in premarket trading Thursday, after the steel producer and metals recycler provided a third-quarter profit outlook that was above expectations, citing “historically strong” steel operations. The upbeat outlook comes a day after the stock tumbled 9.0%, after fellow steel producer Nucor Corp. NUE, -2.63% issued a […]
Marqeta Inc. MQ, +5.34% announced Thursday that it has received board approval to buy back up to $100 million of its Class A shares. “The share repurchase program demonstrates the confidence our board and management team have in the strength of our business and future growth prospects,” Jason Gardner, the company’s chief executive, said in […]
Insurer Allstate Corp. ALL, +1.31% said Thursday it is planning “significant” rate actions in the second half of the year for car insurance as it struggles with inflationary pressures. In a regulatory filing, the company said it implemented rate increases of 14.5% across 8 regions in August, resulting in a premium impact of 3.2%. “We […]
