Day: October 10, 2022

Oct 10
Wynn stock suffers biggest selloff in 2 1/2 years after new COVID lockdowns in China

Shares of Wynn Resorts Lt. WYNN, -11.77% tumbled 11.6% in afternoon trading Monday, enough to pace the S&P 500’s SPX, -0.51% losers, after some cities in China started imposing new COVID-related lockdowns. That put Wynn’s stock on track to suffer the biggest one-day selloff since it plunged 20.9% on March 18, 2020 at the start […]

Oct 10
Turkey works hard to make Istanbul home to global blockchain hype

The Turkish crypto and blockchain ecosystem is working hard to build during the bear market, according to local experts. Source: Cointelegraph

Oct 10
Cannabis stocks mixed as investors mull rescheduling, SAFE Banking

Cannabis stocks Curaleaf Holdings Inc. CURLF, -1.50%, Trulieve Cannabis Corp. TCNNF, -5.83% Green Thumb Industries GTBIF, -5.74% and Cresco Labs Inc. CRLBF, -3.79% traded mixed Monday as investors continued to mull a move by President Joe Biden to launch a review of the Schedule 1 status of cannabis on the federal government’s list of controlled […]

Oct 10
U.S. stocks open higher after 3 days of losses as investors await inflation data, Fed minutes and earnings

U.S. stocks open mostly higher on Monday, with the S&P 500 and Dow Jones Industrial Average on track to snap a three-session losing streak that culminated with a 630-point drop for the Dow on Friday following the release of jobs data for September. The S&P 500 gained 5 points, or 0.2%, to 3,645. The Nasdaq […]

Oct 10
Universal Hydrogen gets investment from American Airlines

American Airlines Group Inc. AAL, -0.90% said Monday it’s investing an undisclosed sum in Universal Hydrogen Co., a two-year-old, California-based company building a hydrogen distribution and propulsion ecosystem for the aviation industry. Airbus Ventures, GE Aviation GE, +0.06% and Toyota Ventures are also investors in the company. Universal Hydrogen co-founder and CEO Paul Eremenko said […]

Oct 10
The cryptocurrency market digest (BTC). Overview for 10.10.2022

The BTC is declining smoothly. On Monday, it is balancing near 19,427 USD. On Monday, the leading crypto is very restrained. It is a day off in the US today, so a part of investors will be away from the market. This can cause a decline in the volatility. There are still very few chances […]

Oct 10
Forex Technical Analysis & Forecast 10.10.2022

EURUSD, “Euro vs US Dollar” After completing the descending wave at 0.9748, EURUSD is consolidating there. Possibly, the pair may resume falling to break 0.9680 and then continue trading downwards with the target at 0.9500. GBPUSD, “Great Britain Pound vs US Dollar” Having formed a new consolidation range around 1.1154 and breaking it to the […]

Oct 10
How to learn Web3 development for beginners

One can learn Web3 development by joining a Web3 developer DAO, participating in a Web3 hackathon or enrolling in blockchain-related courses. Source: Cointelegraph

Oct 10
Most women and minority-owned businesses agree they’re equipped to survive a recession: Survey

Bank of America Corp.’s BAC, -0.78% 2022 Women & Minority Business Owner Spotlight survey of more than 1,300 entrepreneurs revealed an optimistic outlook for the coming year despite headwinds from supply chains, inflation and labor shortages. About 77% said their business is equipped to survive a recession. Over the next year, 66% of business owners […]

Oct 10
Rivian stock sinks toward 3-month low in wake of vehicle recall for safety issue

Shares of Rivian Automotive Inc. RIVN, -8.65% sank 8.8% toward a three-month low in premarket trading, in the wake of the electric vehicle maker’s large vehicle recall due to steering problems. The company said late Friday that it intends to recall about 13,000 vehicles, which The Wall Street Journal reported was to repair improperly installed […]