Day: October 4, 2022
The Ethereum netflow chart shows that the spike in exchange flows often comes when the price of ETH is trading at a short-term or long-term low. 1574 Total views 36 Total shares The exchange netflow of Ether (ETH) over the past couple of years highlights a behavioral pattern among Ether whales that market analysts believe is […]
Stocks extended gains Tuesday after data showed a drop in U.S. job openings. The Dow Jones Industrial Average DJIA, +2.60% was up around 735 points, or 2.5%, bringing its gain to 5.3% over the past two days. That would be the largest two-day percentage rise for the blue-chip gauge since at least the two-day period […]
Shares of FedEx Corp. FDX, +2.80% climbed 3.0% in premarket trading Tuesday, after the package delivery giant announced a $1.5 billion accelerated share repurchase (ASR) agreement with Morgan Stanley. The ASR, which represents 3.8% of FedEx’s market capitalization of $39.41 billion as of Monday’s close, is expected to be completed before the end of the […]
Shares of Vir Biotechnology Inc. VIR, +6.86% were up 10.2% in premarket trading on Tuesday after the company said it received a contract from the U.S. government that is worth up $1 billion to develop treatments for the flu and other “infectious disease threats.” As part of the agreement, the Biomedical Advanced Research and Development […]
Odeon Capital Group analyst Richard Bove on Tuesday reiterated a buy rating on Truist Financial Corp. TFC, +1.85% and said the bank’s role as leading lender in Fort Myers, Fla., will position it to play a role in the rebuilding effort for Hurricane Ian. “It is in the right place at the right time to […]
Loop Media Inc. LPTV, +1.81% said Tuesday it has entered a collaboration with TikTok that will bring its content to Loop’s digital out-of-home service on a dedicated channel. The move will allow consumers at more than 12,500 bars, restaurants and retail outlets that have Loop players to enjoy TikTok’s content. “TikTok has become the platform […]
Hycroft Mining Holding Corp. HYMC, +2.87% disclosed Tuesday that it was notified by the Nasdaq exchange that it is in violation of the minimum-bid listing requirement. Under the Nasdaq Listing Rules, a company’s stock is required to maintain a minimum bid of $1.00 per share, based on the closing bid price for the last 30 […]
The comments period has ended for the Basel Committee on Banking Supervision’s (BCBS’s) “Second Consultation on the Prudential Treatment of Cryptoasset Exposures,” a document published in June 2022. International financial associations had a lot to say in response. Several did so at once in a joint 84-page comment letter released on Oct. 4. In addition, […]
U.S. stocks opened higher on Tuesday, adding to their gains from Monday’s session as global bond yields continued to decline and talk of a possible “pivot” from the Federal Reserve intensified after the Reserve Bank of Australia delivered a smaller-than-expected 25 basis-point interest-rate hike. The Dow Jones Industrial Average DJIA, +1.90% rose 475 points, or […]
BNY Mellon Is Anybody Paying Attention? With markets’ attention focused on events in the UK, we wonder if global central banks’ fight against inflation is being overlooked. Friday’s release of the US Personal Consumption Expenditure deflator for August showed that core inflation – recall that PCE inflation at 2% is the Federal Reserve’s formal target […]
