Day: October 11, 2022
EURUSD, “Euro vs US Dollar” After completing the descending wave at 0.9681 along with the correction up to 0.9744, EURUSD has broken the low of this wave; right now, it is still falling towards 0.9660 and may later form a new consolidation range around the latter level. After that, the instrument may break the range […]
Three economists were awarded the Nobel Prize in economic sciences for their decades of research on societal reactions to financial crises and avoiding bank co… Source: Cointelegraph
Shares of ride-sharing companies suffered a beating Tuesday, after the U.S. Labor Department said it would revisit rules that designate whether workers are classified as employees or independent contractors. Uber Technologies Inc.’s stock UBER, -8.65% dropped 8.3% in morning trading, putting it on track for the biggest one-day selloff since May 9, while Lyft Inc. […]
U.S. stocks opened lower on Tuesday, raising the possibility of a fifth day in the red as the Nasdaq and S&P 500 traded near their lowest intraday levels in more than two years. The S&P 500 SPX, -0.78% fell 17 points, or 0.5%, to 3,595. The Nasdaq Composite COMP, -1.03% retreated 51 points, or 0.5%, […]
Bassett Furniture Industries Inc. BSET, +10.78% rallied 15% in early trades Tuesday after CSC Generation Holdings Inc. offered to buy the company for $21 a share. CSC Generation said it’s making the offer public because the company “has been unwilling to engage with us in any meaningful way.” The per-share bid implies a market capitalization […]
Shares of Albireo Pharma Inc. ALBO, +11.28% gained 10.4% in premarket trading on Tuesday after the company said it is seeking Food and Drug Administration approval to use its medication Bylvay as a treatment for Alagille syndrome, a rare inherited disorder that can result in liver damage. Albireo said a Phase 3 clinical trial evaluating […]
Shares of Tanger Factory Outlet Centers Inc. SKT, +0.40% rose 0.6% in premarket trading Tuesday, after the operator of open-air outlet centers said it will raised its quarterly dividend by 10%, to 22cents a share from 20 cents a share. Shareholders of record on Oct. 31 will be paid the dividend on Nov. 15. Based […]
Joby Aviation Inc. JOBY, +7.01% shares rallied 16% in premarket trades Tuesday after the air taxi developer said it received a $60 million upfront equity investment from Delta Air Lines Inc. DAL, -1.21% to operate all-electric, vertical take-off and landing aircraft for customers initially in New York and Los Angeles. Delta will make a total […]
Google says that early next year, users will be able to pay for cloud services using cryptocurrencies like Bitcoin and Ether via Coinbase. Source: Cointelegraph
Blackbaud Inc. BLKB, -1.35% said Tuesday its board unanimously adopted a limited duration stockholder rights plan or a so-called poison pill, with an expiration date of Oct. 2, 2023. The company, which makes cloud software for the philanthropic community said the rights plan “will reduce the likelihood that any entity, person or group gains control […]
