Day: September 16, 2022
Crypto holders in China are protected by the law in case of theft, misappropriation or breach of a loan agreement despite the ban on crypto. 987 Total views 45 Total shares Despite enforcing a major cryptocurrency ban one year ago, the Chinese government still protects local crypto investors as crypto is recognized as virtual property […]
The selloff in FedEx Corp.’s stock FDX, -0.07% is enough, by itself, to push the Dow Jones Transportation Average DJT, -1.06% down well more than the broader stock market. The package delivery company’s stock plunged 20.0% in premarket trading following a ‘staggering’ profit and revenue warning, which puts it on track to suffer a record […]
Space exploration company Intuitive Machines announced Friday that it will go public through a merger with special purpose acquisition company (SPAC) Inflection Point Acquisition Corp. IPAX, -0.31% in a deal that values the combined company at about $815 million. When the deal closes, which is expected to occur in the first quarter of 2023, the […]
Shares of United Parcel Service Inc. UPS, -3.12% dropped 6.7% in premarket trading toward a three month low, weighed down by rival package deliver FedEx Corp.’s FDX, -0.07% profit and revenue warning, but Citi analyst Christian Wetherbee said UPS appears to be managing the tough macro environment better than its rival. FedEx’s stock plunged 19.6% […]
Gilead Sciences Inc. GILD, -0.28% said Friday the European regulator has adopted a positive opinion on extending the use of its COVID treatment Veklury for pediatric patients. The European Commission will review the recommendation, and if adopted, Veklury, also called remdesivir, could become the only authorized treatment for adolescents at high risk of developing severe […]
BJ’s Wholesale Club BJ, -0.93% said Friday it will accept SNAP EBT cards at all of its clubs and outlets across the U.S. SNAP, or Supplemental Nutrition Assistance Program, is the government’s food stamp program, while EBT stands for Electronic Benefits Transfer. The payments can also be used at BJs.com and for shopping options such […]
Xenia Hotels & Resorts Inc. XHR, -2.41% said Friday that it has reinstated its quarterly dividend, after stopping payment around the start of the COVID-19 pandemic. The upscale hotel real estate investment trust said it will pay a quarterly dividend of 10 cents a share on Oct. 14 to shareholders of record on Sept. 30. […]
Daily Market Outlook, September 15, 2022 Overnight Headlines Upgrade Of Ethereum Blockchain Sees ETH Trade Down 1% US Retail Sales Expected To Drift Sideways Ahead Of Fed Hike Ray Dalio Does The Math: Rates At 4.5% Would Sink Stocks By 20% Australia’s Jobless Rate Climbs For First Time In 10 Months NZ Economy Grew More […]
Bitcoin has pulled from the resistance at the level of 22000 and dropped to the psychological level of 20000. It’s noteworthy that this level is next to the bearish trap, therefore Bitcoin might jump soon. So, let’s observe what is going to happen next. The currency pair EUR/USD has jumped and pulled back to achieve […]
Steven Goldstein is based in London and responsible for MarketWatch’s coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch’s economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein.
