Day: September 28, 2022

Sep 28
Lions Gate to focus on spinning off studio business instead of Starz cable channel

Lions Gate Entertainment Corp. LGF.B, -1.61% said Wednesday it’s now focusing on spinning off its studio business, instead of its Starz cable channel. In a regulatory filing, the company said it remains on a path to separating the two. “As negotiations progress, we have increased our focus on the possibility of spinning our studio business, […]

Sep 28
CHFJPY Wave Analysis – 28 September, 2022

• CHFJPY rising inside impulse wave (3) • Likely to test resistance level 148.00 CHFJPY rising inside the intermediate impulse wave (3), which started earlier from the key support level 144.00 (former monthly high from June), intersecting with the daily up channel from May. The active impulse wave (3) belongs to the higher order primary […]

Sep 28
USDCHF Wave Analysis – 28 September, 2022

• USDCHF under bearish pressure • Likely to fall to support level 0.9700 USDCHF currency pair under the bearish pressure after the pair reversed down from the pivotal resistance level 0.9885 (which has been reversing the pair from the middle of July), upper daily Bollinger Band and the resistance trendline of the daily up channel […]

Sep 28
FTX reportedly considers bailing out Celsius via asset bid

Acquiring the assets of Celsius would imply FTX’s intent to save the lending firm, similar to what FTX US did for Voyager by securing the winning bid of approximately $1.4 billion. 2550 Total views 44 Total shares Crypto exchange FTX, led by crypto billionaire Sam Bankman-Fried (SBF), is reportedly considering bailing out Celsius Network by […]

Sep 28
Gold futures posts a gain of just over 2%

Gold futures climbed sharply on Wednesday, with prices up by just over 2% to settle at their highest in almost a week. Gold prices welcomed the Bank of England’s “dramatic intervention that avoided an imminent gilts crash and sent global bond yields sharply lower,” said Edward Moya, senior market analyst at OANDA. “This was somewhat […]

Sep 28
EIA reports a weekly fall in U.S. crude and gasoline supplies

Updates to correct direction of change in weekly crude supplies. The Energy Information Administration on Wednesday reported that U.S. crude inventories edged down by 200,000 barrels for the week ended Sept. 23. On average, analysts forecasted a climb of 400,000 barrels, according to a poll conducted by S&P Global Commodity Insights. The EIA also reported […]

Sep 28
MEV bot earns $1M but loses everything to a hacker an hour later

An MEV bot gained massive profits worth $1 million by seizing an arbitrage opportunity. However, it was tricked into authorizing a malicious transaction that drained the funds. 2973 Total views 364 Total shares An Ethereum arbitrage trading bot managed to hit the jackpot and lose it all on the same day in an ironic turn […]

Sep 28
Billtrust to be acquired at a 65% premium by EQT in a deal valued at $1.7 billion

BTRS Holdings Inc. BTRS, +60.23% announced Wednesday an agreement to be acquired in a deal valued at $1.7 billion by private-equity fund EQT X fund, which is part of EQT. BTRS’s stock was halted for news until 9: 50 a.m. Eastern. Under terms of the deal, shareholders of the accounts receivable automation and payments company, […]

Sep 28
Biden tells oil companies: Don’t use hurricane as ‘excuse’ to raise gasoline prices

President Joe Biden on Wednesday said oil companies should not use Hurricane Ian as “an excuse to raise gasoline RB00, +2.26% prices,” as the storm was expected to make landfall north of Fort Myers, Fla., on Wednesday morning or early afternoon. “Do not — let me repeat, do not — do not use this an […]

Sep 28
EIA reports a weekly rise in U.S. crude supplies, but gasoline inventories fall

The Energy Information Administration on Wednesday reported that U.S. crude inventories edged up by 200,000 barrels for the week ended Sept. 23. That was less than the average forecasted climb of 400,000 barrels, according to a poll conducted by S&P Global Commodity Insights. The EIA also reported weekly inventory declines of 2.4 million barrels for […]