Day: September 21, 2022
Apart from USDC support, FV Bank also plans to launch a custody service in Q4 2022, targeting major coins like Bitcoin and Ethereum. 1226 Total views 17 Total shares The global digital bank FV Bank is the latest financial platform to enable deposits in Circle-backed stablecoin USD Coin (USDC). FV Bank on Wednesday announced the […]
Cantor Fitzgerald analyst Pablo Zuanic on Wednesday reiterated an overweight rating on Canada’s Aurora Cannabis Inc. ACB, -4.76% ACB, -3.09% and reduced his price target to $3 a share from $3.12 a share. Zuanic said he expects no significant changes in top line trends in the coming quarter, after Aurora reported flat sequential fourth-quarter sales […]
Amazon.com Inc. AMZN, -1.98% said Wednesday it’s adding 2.7 gigawatts (GW) of energy capacity across 71 new renewable energy projects, including its first energy farms in Brazil, India and Poland. Amazon Web Services CEO Adam Selipsky said Amazon plans to reach 100% renewable energy across its business by 2025. Amazon’s renewable energy projects are currently […]
Market timer Tom McClellan, publisher of the McClellan Market Report, said he was changing to short-term neutral Wednesday, after being bearish since after the Sept. 9 close, ahead of the Federal Reserve’s policy setting committee’s (FOMC) meeting. “I don’t want to ride that bucking bronco,” McClellan wrote. The Fed is expected to raise overnight interest […]
Shares of General Mills Inc. GIS, -0.55% climbed 0.9% in premarket trading Wednesday, after the branded consumer foods company, which brands include Cheerios, Betty Crocker and Häagen-Dazs, reported fiscal first-quarter profit that rose above expectations and raised its full-year outlook, as strength in its North America and pet businesses offset international weakness. Net income for […]
The Beneficient Co. Group, a provider of liquidity and related services for investors in alternative assets, is going public via a merger with special purpose acquisition corporation Avalon Acquisition Inc. AVAC, in a deal valued at $3.5 billion. Beneficient has financed transactions to deliver liquidity on about $1.1 billion in net asset value of alternative […]
Shares of Glatfelter Corp. GLT, +2.41% dropped 4.7% in premarket trading Wednesday, after the supplier of engineered materials said it suspended its quarterly dividend, as part of a “reprioritization” of capital as it focuses its efforts on optimizing financial results. The company had last paid a quarterly dividend of 14 cents a share in June, […]
Type: Bullish Rise Key Levels:Resistance: 147.900Pivot: 144.275Support: 141.100 Preferred Case:On the H4, with price moving along the ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 144.275 to the 1st resistance at 147.900 where the 127.2% fibonacci extension is. Alternative Scenario:Alternatively, price could break […]
Type: Bearish Drop Key Levels:Resistance: 681.75Pivot: 688.00Support: 668.25 Preferred Case:On the H4, with the price reflecting off the 61.8% Fibonacci retracement line and the price being inside ichimoku cloud, we have a neutral bias on corn. price could back to 668.25 where the previous swing low is. Alternative Scenario:Alternatively, price might go back up towards […]
Ethereum co-founder Vitalik Buterin has reiterated his support for decentralized autonomous organizations (DAOs), arguing that in some circumstances, they can be more efficient and fairer than a traditional corporate structure. In theory, DAOs are collectively owned and managed by their members and have no central leadership. All decisions relating to aspects such as the usage […]
