Day: September 21, 2022
Canada will likely drop the COVID-19 vaccine requirement for people who enter Canada by the end of September, an official familiar with the matter told The Associated Press on Tuesday. Canada, like the United States, requires foreign nationals to be vaccinated when entering the country. It is not immediately known whether the U.S. will make […]
Coty Inc. shares COTY, +5.91% rose 1.9% in premarket trade Wednesday, after the beauty and cosmetics company said it’s on track to double its skincare sales to $500 million to $600 million by fiscal 2025. The company offered the guidance ahead of an investor day. “Our strategy is underpinned by world-recognized brands serving key white […]
And finally, the day of the FOMC meeting arrived. Over the past few meetings, the Fed has been raising rates at the fastest pace in decades, but even so, the market is speculating about the possibility of a 100 bp rate hike, so the 75 bp scenario may even lead to a rebound in risk […]
Type: Bullish Rise Key Levels:Resistance: 1506’2Pivot: 1489’0Support: 1472’0 Preferred Case:On the H4, with the price is moving above the ichimoku cloud and ascending trendline, we have a bullish bias that the price may rise from the pivot at 1489’0, which is in line with the overlap resistance, 78.6% fibonacci retracement to the 1st resistance at […]
Scalability trilemma implies that to scale, blockchains usually need to sacrifice one of their three fundamental cornerstones — security or decentralization, or transaction throughput. 1606 Total views 24 Total shares After a successful Ethereum Merge, all eyes are set on the next phase of transition, which would introduce key scalability solutions on the platform, including sharding. Market […]
New York Attorney General Letitia James on Wednesday filed a civil fraud lawsuit against former President Donald Trump, some of his children, the Trump Organization and other businesses associated with him. James’s suit accuses the Trumps of falsely inflating the ex-president’s net worth by billions of dollars “to induce banks to lend money to the […]
The Energy Information Administration on Wednesday reported that U.S. crude inventories rose by 1.1 million barrels for the week ended Sept. 16. That marked a third weekly rise in a row for crude supplies, based on EIA data. On average, analysts expected a climb of 2.1 million barrels, according to a poll conducted by S&P […]
Shares of Nike Inc. NKE, +0.46% edged up 0.2% in morning trading Wednesday, after slumping 4.5% the previous session to close at a near three-month low, but the drumbeat of downbeat analyst calls continued ahead of the sporting apparel and accessories giant’s first-quarter earnings report. Deutsche Bank analyst Gabriella Carbone reiterated the buy rating on […]
Shares of Walmart Inc. WMT, +2.34% rose 1.5% in morning trading Wednesday, after the discount retail behemoth said it plans to hire 40,000 employees for the holiday season. The new hires will include seasonal store employees, full-time permanent truck drivers and customer-care employees. The company said the average U.S. wage is more than $17 an […]
U.S. stocks opened higher Wednesday, as investors wait for the Federal Reserve to announce its decision on the size of its interest rate hike. The Dow Jones Industrial Average DJIA, +0.47% was up 0.5% soon after the opening bell, while the S&P 500 SPX, +0.52% rose 0.5% and the Nasdaq Composite COMP, +0.41% gained 0.4%, […]
