Day: September 26, 2022
The key objectives of the project are to identify and understand innovative business models, use cases, benefits, risks and operational models for a CBDC in Australia. 1916 Total views 48 Total shares Making it to the list of countries that intend to launch an in-house central bank digital currency (CBDC), the Reserve Bank of Australia […]
Shares of Tronox Holdings PLC TROX, -1.26% slumped 2.6% in premarket trading Monday toward a seventh-straight loss, after the maker of titanium products warned about a third-quarter earnings shortfall, citing “softer than anticipated” titanium dioxide (TiO2) sales. The company said it now expects adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) of $240 million […]
The Federal Reserve is the proverbial bull in the china shop, prepared to create damage with higher interest rates to bring down the hottest inflation spell of the past 40 years. The first thing that will break is the financial markets, “as currently unfolding,” BMO Capital Markets economists Michael Gregory and Sal Guatieri said in […]
On Monday, the BTC is slightly growing, though nothing has changed for the cryptocurrency strategically. The leading crypto rests near 19,217 USD. For this week, no sensational statistics or important meetings are scheduled. Keep an eye though on the speech of the US Fed’s head Jerome Powell at the conference of the Bank of France. […]
The Pound Sterling dropped against the USD to the lowest levels since 1985. The current quote for the instrument is 1.0740. The Pound got under pressure from two sides simultaneously – the strong “greenback” and decisions made by the British regulator. The USD has an extremely strong influence on the British currency which can hardly […]
Shares of AMC Preferred Equity Units APE, +10.75%, known as “APEs,” dropped 7.8% toward a new low in morning trading Monday, after AMC Entertainment Holdings Inc. AMC, -3.11% disclosed a distribution agreement to sell up to 425.0 million APEs. At current prices, the movie theater chain could raise up to about $1.4 billion from the […]
U.S. stocks opened lower on Monday as the S&P 500 and Dow Jones Industrial Average headed for their fifth day of losses as rising Treasury yields and rampant dollar strength continued to weigh on the market. The S&P 500 [s:spx] was off 8 points, or 0.2%, at 3,685. The Nasdaq Composite COMP, +0.91% was flat […]
Dick’s Sporting Goods Inc. DKS, -0.77% said Monday it plans to hire up to 9,000 seasonal associates for the 2022 holiday season. In 2021, the company said it would hire up to 10,000 people for the holidays, up 1,000 from 2020. Shares of Dick’s Sporting Goods are down 0.4% in premarket trades.
Shares of Micron Technology Inc. MU, -0.80% edged up 0.1% in premarket trading, after Wedbush analyst Matt Bryson cut his price target by 24%, but remained bullish, saying the semiconductor company appears to be “better positioned” even as adversity grows. Bryson said chip-market conditions have worsened since Micron warned in early August of a revenue […]
Marsh & McLennan Cos. MMC, +0.07% on Monday said John Q. Doyle, 58, will become chief executive officer of the risk advisory and insurance giant on Jan. 1. Doyle has been group president and chief operating officer of Marsh & McLennan since January. From 2017 to 2021, he worked as president and CEO of the […]
