Day: October 19, 2022
Oklahoma Governor Kevin Stitt said Tuesday that State Question 820 to legalize adult-use cannabis will go before voters in a special election on on March 7. The referendum includes the introduction of a 15% excise tax on recreational use sales, above applicable sales taxes, to fund implementation of the law. Any surplus revenue will go […]
Israel’s Ministry of Finance and the Tel Aviv Stock Exchange expect to finish the pilot project by Q1 2023. 951 Total views 35 Total shares The Israeli Ministry of Finance, together with the Tel Aviv Stock Exchange (TASE), digital assets custody provider Fireblock and the United States software solutions developer VMware, will conduct the testing […]
Hydrogen and fuel cell systems company Plug Power Inc. PLUG, -4.34% and chlor alkali producer Olin Corp. OLN, -1.27% announced Wednesday a joint venture, Hidrogenii, that will kick off with the building of a 15 ton-per-day hydrogen plant in St. Gabriel, Louisiana. The company’s said construction will create 160 jobs in 2022 and 215 jobs […]
Shares of Walt Disney Co. DIS, +2.21% rallied 2.2% early Wednesday, enough to pace the Dow Jones Industrial Average’s DJIA, +0.02% premarket gainers and to buck the broader market selloff, as a strong earnings report from fellow streaming video provider Netflix Inc. NFLX, +11.97% likely provided a boost. Among other streaming video companies, shares of […]
Abbott Laboratories ABT, -5.91% said Wednesday that it had earnings of $1.4 billion, or $1.15 per share, in the third quarter of 2022, compared with $2.1 billion, or $1.40, in the same quarter a year ago. Adjusted earnings per share were $1.15, against a FactSet consensus of 94 cents. The company reported that sales fell […]
Ally Financial Inc. ALLY, -9.36% shares fell 6.5% in premarket trades on Wednesday after the mortgage, car loan and banking provider’s adjusted earnings per share and revenue fell short of analyst targets. Ally Financial said its third-quarter net income fell to $272 million, or 88 cents a share, from $712 million, or $1.89 a share, […]
Nasdaq Inc. NDAQ, -0.98% shares advanced by 1.4% in premarket trades Wednesday after the equities marketplace’s third-quarter adjusted earnings and revenue beat analyst estimates amid organic growth across its business. Nasdaq’s third-quarter profit rose to $294 million, or 59 cents a share, from $288 million, or 56 cents a share, in the year-ago quarter. Adjusted […]
Shares of Zymeworks Inc. ZYME, +9.00% gained 8.4% in premarket trading on Wednesday after the company announced a licensing deal with Jazz Pharmaceuticals plc JAZZ, -1.95% for its cancer drug, zanidatamab, which is currently being tested as a treatment for some HER2-expressing cancers. Jazz will pay Zymeworks $50 million upfront. Including all regulatory and commercial […]
Consumers in India are getting more options for a digital shopping experience as major local e-commerce platforms increasingly experiment with blockchain and the Metaverse. Indian shoppers can try out products from brands like Puma and Nivea in the gamified and interactive metaverse. That is thanks to local e-commerce giant Flipkart launching a metaverse space for […]
EURUSD, “Euro vs US Dollar” EURUSD continues to form a consolidation range around the 0.9790 level. An upside exit would open up the potential for a correction to 0.9873 with the prospect of an upside to 0.9966. An exit downwards would open up the potential to reach 0.9700. GBPUSD, “Great Britain Pound vs US Dollar” […]
