Day: September 27, 2022
White House press secretary Karine Jean-Pierre defended President Joe Biden’s plan to forgive a big tranche of student loans after it drew a lawsuit on Tuesday from the libertarian Pacific Legal Foundation that was filed in the U.S. District Court for the Southern District of Indiana. The plan will help tens of millions of Americans, […]
President Joe Biden on Tuesday urged Floridians to “evacuate when ordered” as the state was bracing for Hurricane Ian. Speaking at the White House ahead of a health-care event, Biden said he spoke to the mayors of Clearwater, St. Petersburg and Tampa and told them, “whatever they need, contact me directly.” A new report estimated […]
Gold futures settled higher Tuesday, marking their first gain in three sessions after settling at their lowest since April 2020 on Monday. “This is hardly a rally and more likely a temporary bounce as selling pressure takes a break,” said Edward Moya, senior market analyst at OANDA. “Gold won’t bottom out until Wall Street feels […]
US equities fell on Monday, however Asian markets managed to resist the bearish mood on Tuesday, closing on the green side. This is due to a slowdown in the flow of negative news from the geopolitics’ front and from central banks that are fighting inflation. Demand for risk recovered in European markets as well, European […]
ETH On Watch Following the much-vaunted Ethereum network merge which was completed on September 15th, ETH has been fairly lifeless. Ahead of the network consolidation, which has seen ETH issuance drop by 98%, many players were calling for a sizeable rally in ETH. Looking at current price action, we can see that ETH actually continued […]
Oil futures climbed Tuesday, with U.S. prices edging up from a nearly nine-month low a day earlier, as some oil and natural-gas producers slow production in the Gulf of Mexico in preparation for Hurricane Ian. The Bureau of Safety and Environmental Enforcement reported Tuesday that in response to the storm, 11% of oil production and […]
Shares of Equillium Inc. EQ, +13.39% gained 12.9% in premarket trading on Tuesday after the company shared a batch of interim data from an early stage trial evaluating its experimental treatment in 13 people with lupus nephritis. Equillium said 83% of the participants enrolled in the study achieved complete or partial response, and about two-thirds […]
Shares of Jabil Inc. JBL, +1.19% jumped 5.1% in premarket trading Tuesday, after the contract manufacturer reported fiscal fourth-quarter earnings that beat expectations, provided an upbeat outlook for the current quarter and set a $1 billion stock buyback program. Net income for the quarter to Aug. 31 rose to $315 million, or $2.25 a share, […]
The Canadian government announced Monday it will no longer require people to wear masks on planes to guard against COVID, the Associated Press reported. The rules will be lifted October 1. Government officials also confirmed Canada is dropping the vaccine requirement for people entering the country at the end of the month. The news comes […]
Alex Mashinsky, chief executive at bankruptcy crypto lender Celsius, has submitted a letter of resignation from his post Tuesday, effective immediately. “I will continue to maintain my focus on working to help the community unite behind a plan that will provide the best outcome for all creditors – which is what I have been doing […]
