Day: September 16, 2022
• S&P 500 broke key support level 3900.00 • Likely to fall to support level 3800.00 S&P 500 index recently broke the key support level 3900.00 (which has been reversing the price from the end of July) intersecting with the 61.8% Fibonacci correction of the upward ABC correction from June . The breakout of the […]
Bukele says that despite past laws that prohibited the reelection of presidents, El Salvador can follow in the footsteps of developing nations. 1467 Total views 42 Total shares In an Independence Day live streaming event on Sept. 15, El Salvador President Nayib Bukele announced his bid for reelection after his current term ends in 2024. […]
Stonepeak said Friday it agreed to pay $2.4 billion for the Safety unit of Intrado Corp., a technology enabled services company backed by Apollo Global Management Inc. APO, -4.01%. The Safety unit specializes in 911 public emergency telecommunications services. Intrado will retain Workflows, which is part of its Life & Safety segment. Stonepeak senior managing […]
China’s Atour Lifestyle Holdings Ltd. filed for an initial public offering on Friday with plans to list on Nasdaq under the ticker “ATAT.” BofA Securities and Citigroup are leads in a syndicate of six banks working on the deal. The company, which started life as a hotel chain, will use the proceeds to expand its […]
JetBlue Airways Corp. JBLU, -1.67% said Friday that it is seeing “strong demand” extend beyond the summer peak, with “robust” demand for travel in September and beyond. The air carrier raised its third-quarter guidance for growth in revenue per available seat mile (RASM), compared with pre-pandemic 2019, to $22% to 24% from 19% to 23%. […]
Shares of Kahoot! A/S KAHOT, +21.96% KAHTY, -17.57% rallied 23% Friday after General Atlantic said it would buy out Softbank Group Corp.’s 9984, +0.37% SFTBY, -0.21% 15% stake in the Norway-based game-based learning and trivia software company. “Kahoot! plans to partner with General Atlantic to accelerate further growth initiatives, drive innovation, and expand its global […]
China-based ByteDance, the privately held parent of social media app TikTok, is looking to repurchase $3 billion of its shares, to help improve liquidity positions of some of its shareholders, according to a Reuters report. The buyback would value ByteDance at about $300 billion, Reuters reported, citing a memo to investors seen on Friday. ByteDance […]
The World Health Organization expanded its recommended guide for the use of Gilead’s GILD, +0.60% COVID-19 treatment Veklury late Thursday, adding another treatment to its toolbox. The company said WHO updated its guidelines to recommend the drug to treat patients with severe COVID, an expansion from simply “those with non-severe COVID-19 at the highest risk […]
Despite mixed data on the US economy released on Thursday (strong retail sales and unemployment claims, weaker-than-expected industrial production), Treasury sell-off gained momentum with two-year yield climbing above 3.90%. Rate futures imply a 4.5% Fed interest rate in March 2023. Since the start of September markets have added almost 50 basis points to the expected […]
UK Retail Sales Plunge The British Pound has come under heavy selling pressure on Friday in response to the latest economic data out of the UK. Retail sales for August were seen falling to -1.6% from the prior month’s 0.4% reading. This was well below the -0.5% reading the market was looking for and marks […]
