Day: September 26, 2022
The Congressional Budget Office, a nonpartisan watchdog agency, estimated on Monday that President Joe Biden’s plan to forgive $10,000 to $20,000 in student loans per eligible borrower would cost $400 billion. Other watchdogs have said Biden’s plan could cost $500 billion to $1 trillion.
Bank of England Gov. Andrew Bailey on Monday said the institution is “monitoring developments in financial markets very closely” after the British pound fell to an all-time low versus the U.S. dollar. In a statement, Bailey acknowledged the U.K. Treasury’s unveiling Friday of its budget plan and further details released Monday. Large tax cuts were […]
Shares of Visa Inc. V, -1.83% were off 1.2% in Monday morning trading and on track to log their 10th straight session of declines, which would make for Visa’s longest losing streak on record, according to Dow Jones Market Data. The stock has lost 12.0% over the recent 10-session stretch. Shares of Mastercard Inc. MA, […]
Perella Weinberg Partners PWP, -7.35% on Monday named its co-president, Andrew Bednar, as chief executive officer of the investment bank starting on Jan. 1. CEO and co-founder Peter Weinberg will step down at the end of the year but will remain as chairman of the board and also chairman of the working partner committee for […]
Shares of Atlas Corp. ATCO, +3.18% jumped nearly 8% in premarket trades on Monday after a buyout group including Atlas Corp. chairman David L. Sokol increased its take-private offer for the container ship and mobile power company to $15.50 a share, up from its Aug. 4 offer of $14.45 a share. Poseidon Acquisition Corp., on […]
FTX and Binance reportedly seek to transition existing Voyager customers to their platforms whereas CrossTower has proposed to keep the existing Voyager platform and app. 406 Total views 33 Total shares Cryptocurrency exchanges FTX, Binance and CrossTower are competing to acquire beleaguered crypto lender Voyager Digital’s assets out of bankruptcy, according to insider sources. According […]
U.S. stocks closed lower Monday amid elevated market volatility, extending last week’s losses as the S&P 500 sank to a new 2022 low. The S&P 500 SPX, -1.03% dropped 1% to end around 3,655.52, while the Dow Jones Industrial Average DJIA, -1.11% fell 1.1% and the Nasdaq Composite COMP, -0.60% slid 0.6%, according to preliminary […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Hammer reversal pattern not far from the support area. At the moment, the asset may reverse in the form of a new ascending impulse. In this case, the upside correctional target may be at 1645.00. At the same […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, EURUSD is trading within the “oversold area”. The Relative Strength Index is below 30, confirming that the asset is oversold. In this case, the price is expected to break -1/8 and continue growing to reach the resistance at 1/8. Still, this scenario […]
Read Next APEs sink toward new low after AMC discloses deal for sale of up to $1.4 billion worth of shares Shares of AMC Preferred Equity Units undefined, known as “APEs,” dropped 7.8% toward a new low in morning trading Monday, after AMC Entertainment Holdings Inc. undefined disclosed a distribution agreement to sell up to […]
