Day: October 14, 2022

Oct 14
Biomerica stock leaps as Walmart expands sales of Aware Breast Self Exam to its stores

Shares of Biomerica Inc. BMRA, -5.05% shot up 13.1% toward a 6-month high in active morning trading Friday, after the medical diagnostic products company said Walmart Inc. WMT, -0.82% will start selling its Aware Breast Self Exam device in about half its stores. Trading volume ballooned to 1.8 million shares, compared with the full-day average […]

Oct 14
Ukrainian art museum to preserve art and cultural heritage through NFT auction

The Kharkiv Art Museum launched a new NFT collection on the Binance NFT marketplace to help raise funds for operations and the preservation of cultural heritage. 642 Total views 17 Total shares As the Web3 space expands, nonfungible token (NFT) use cases continue to develop past the hyped days of stagnant digital art collections. However, […]

Oct 14
Wells Fargo headcount drops while ranks grow at JPM, Citi and Morgan Stanley

Wells Fargo & Co. WFC, +3.33% on Friday reported total head count of 239,209 as of Sept. 30, down from 243,674 people at the end of the second quarter and 253,871 at the end of the year-ago quarter. During the quarter, Wells Fargo said it was reducing head count in its mortgage unit as demand […]

Oct 14
Crypto trading company Nydig lays off about 110 people: WSJ

Bitcoin trading and banking company New York Digital Investment Group LLC (Nydig) has reduced its work force by about 110 people or a third of its work force, The Wall Street Journal reported Friday. The move comes after the company on Oct. 3 named Tejas Shah as its new CEO. In December, Nydig raised $1 […]

Oct 14
Beyond Meat COO Douglas W. Ramsey is leaving the company after being suspended for allegedly biting a man’s nose

Beyond Meat Inc. BYND, +0.54% said Friday Chief Operating Officer Douglas W. Ramsey is leaving the company with immediate effect. The company made the announcement in a regulatory filing, that noted Ramsey had been suspended in September. The suspension came after Ramsey allegedly bit a man’s nose during an altercation in Arkansas, as MarketWatch previously […]

Oct 14
Jeremy Hunt reported to be the likely next chancellor after Kwasi Kwarteng

Steven Goldstein is based in London and responsible for MarketWatch’s coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch’s economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein.

Oct 14
Kwasi Kwarteng says he has accepted decision to stand aside as chancellor

In a statement, the now-former Chancellor of the Exchequer Kwasi Kwarteng says he has accepted the decision by U.K. Prime Minister Liz Truss to leave. Kwarteng says Truss’s vision of optimism, growth and change was right, but the “economic environment has changed rapidly” after the presentation of the mini budget. He said it was an […]

Oct 14
Citigroup profit beats target but shares fall

Citigroup Inc. C, +1.49% shares dropped 1.3% in premarket trades Friday after the bank posted stronger-than-expected profit, but revenue fell 1% after breaking out divestiture-related impacts, as growth in net interest income was more than offset by lower non-interest revenue. Citi said its third-quarter net income dropped to $3.5 billion, or $1.63 per share, from […]

Oct 14
Dow Jones Wave Analysis – 14 October, 2022

• Dow Jones reversed from support level 28620.00 • Likely to rise to resistance level 30500.00 Dow Jones index recently reversed up from the key support level 28620.00 (which stopped the previous short-term impulse wave 1), intersecting with the lower daily Bollinger Band. The upward reversal from the support level 28620.00 stopped the earlier impulse […]

Oct 14
GBPJPY Wave Analysis – 14 October, 2022

• GBPJPY reversed from resistance level 167.40 • Likely to fall to support level 165.3. GBPJPY currency pair recently reversed down from the strong resistance level 167.40 (which is the upper boundary of the sideways price range inside which the pair has been moving from April). The resistance area near the resistance level 167.40 was […]