Day: September 26, 2022
Bitcoin (BTC) starts a new week staring down a wild macro environment after sealing its lowest weekly close in nearly two years. As risk assets across the global economy take a hammering and the United States dollar surges, the largest cryptocurrency is on a limp footing. September, having started out on the bulls’ side, is […]
Voters in Arkansas will cast ballots in a statewide referendum on Nov. 8 on whether to allow adult-use cannabis sales, while a separate adult-use referendum planned for Oklahoma has fizzled, Benchmark analyst Mick Hickey noted Monday in his weekly cannabis chronicles. Last week, the Arkansas Supreme Court OK’d a request by Responsible Growth Arkansas to […]
Dollar Tree Inc. DLTR, +1.41% on Monday named Michael Creedon as its new chief operating officer, coming to the job from Advance Auto Parts Inc. AAP, -2.20%, where he served in a number of roles. Creedon joined Advance Auto in 2013 and was executive vice president for U.S. stores since March of 2021. Before that, […]
Shares of PG&E Corp. PCG, -2.70% jumped 4.2% in premarket trading Monday, after the California-based utility was added to the S&P 500 index SPX, -1.72%, a little more than two years after emerging from bankruptcy. Late Friday, S&P Dow Jones Indices said PG&E would replace Citrix Systems Inc. CTXS, -0.06% in the benchmark index, as […]
Canadian energy company Hammerhead Resources Inc. is going public via a merger with Decarbonization Plus Acquisition Corporation IV DCRD, in a deal valued at about C$1.39 billion ($1.02 billion), the companies said in a joint statement. Once the deal closes, the combined company is expected to list on Nasdaq under the new ticker “HHRS.” The […]
Share of casino operators rallied in premarket trading Monday, to buck the selloff in the broader stock market, as investors cheered news that Macau looks set to ease COVID-19 restrictions sooner than expected. Shares of Las Vegas Sands Corp. LVS, +0.51% jumped 7.2%, Wynn Resorts Ltd. WYNN, -0.90% climbed 5.8%, MGM Resorts International MGM, -1.83% […]
Pfizer Inc. PFE, -1.10% and German partner BioNTech SE BNTX, -1.27% said Monday they have submitted an application to the U.S. Food and Drug Administration seeking an emergency use authorization for their bivalent vaccine booster for use in children aged 5 to 11 years of age. The application is for a 10-ug booster dose of […]
BOJ Cites Need For Continued Easing The governor of the Bank of Japan, Haruhiko Kuroda, today defended the BOJ’s intervention in FX markets last week. The BOJ was seen selling massive amounts of USD in its first such operations since 1998, in a bid to counter further depreciation of the Yen. Kuroda cited the need […]
Markets React Negatively to UK Government Mini-Budget The British Pound has seen it’s most volatile trading period since the start of the pandemic with GBPUSD crashing almost 10% lower, falling to its lowest level on record. We’ve seen similar scale moves across the board with EURGBP and GBPJPY both seeing wild moves also, the latter […]
Reaching 1 GBP = $1.04, the pound has crash-landed, marking a record low against the U.S. dollar following the new prime minister’s budget announcements. 834 Total views 6 Total shares The Great British pound sterling has fallen to the lowest level ever against the United States dollar. In a flurry of overnight trading activity, the […]
