Day: October 19, 2022
Winnebago Industries Inc. WGO, -11.85% topped revenue expectations for its fiscal fourth quarter as the maker of recreational vehicles and other outdoor items said that its products were resonating with consumers. The company posted net income of $82.6 million, or $2.61 a share, compared with $84.1 million, or $2.45 a share, in the year-prior quarter. […]
This replaces an earlier item that reported incorrect year-to-date share gains for Piedmont Lithium and Livent. It has been corrected. Shares of Piedmont Lithium Inc. PLL, +9.72% charged up 11.5% in midday trading Wednesday, after the lithium producer announced a $141.7 million grant from the U.S. Department of Energy. The company said the grant is […]
BTC did not rise following the stock market and even declined. The flagship cryptocurrency is holding around 19,157 USD on Wednesday. BTC’s correlation with the S&P 500 and Nasdaq indices has momentarily weakened. This is due to a lack of liquidity on the floor, as well as the formation of bearish signals on time frames […]
The main currency pair looks stable on Wednesday. The current quote in EURUSD is 0.9830. The day before there was a local increase in risk appetite. On the one hand, spot gas prices in Europe have normalised. This is due to the high level of gas storage capacity (e.g. 97% in Germany) and the warm […]
An early draft of the 2022 IRS tax form sees cryptocurrencies, stablecoins and nonfungible tokens grouped under a new “Digital Asset” category. 2183 Total views 28 Total shares American taxpayers will find a broader, more defined category encompassing cryptocurrencies and nonfungible tokens (NFTs) in their 2022 IRS tax forms. The draft bill released by the […]
Shares of Novavax Inc. NVAX, -0.43% rallied 1.9% in morning trading Wednesday, after the biotechnology company said its protein-based COVID-19 vaccine booster was granted emergency use authorization (EUA) for adults. The booster shot is OK’d for people at least 18 years old who have completed primary vaccinations. The company said in trials, any local and […]
Green Organic Dutchman Holdings Ltd. TGODF, +26.00% TGOD, +21.43% said Wednesday it will merge with BZAM Cannabis in a deal to create the sixth-largest licensed Canadian cannabis producer. Privately owned BZAM Cannabis has one shareholder, who will own 49.5% of the combined company once the deal closes. BZAM CEO Matt Milich and Jordan Winnett, BZAM’s […]
The Energy Information Administration on Wednesday reported that U.S. crude inventories fell by 1.7 million barrels for the week ended Oct. 14. On average, analysts forecasted a decrease of 1.2 million barrels, according to a poll conducted by S&P Global Commodity Insights. The EIA also showed a weekly inventory decline of 100,000 barrels for gasoline, […]
A group of Justice Department prosecutors believes there is sufficient evidence to charge former President Donald Trump with obstruction of justice, but the team that’s part of the classified records probe has not yet made a formal recommendation to Attorney General Merrick Garland, according to a Bloomberg report citing unnamed sources. There are several other investigations […]
Intuitive Surgical Inc. ISRG, +10.96% shares rallied Wednesday after the surgical robotics company’s quarterly results topped Wall Street estimates. Intuitive Surgical shares rose more than 12% to an intraday high of $220.98 Wednesday Late Tuesday, the company reported third-quarter net income of $324 million, or 90 cents a share, compared with $380.5 million, or $1.04 […]
