Day: November 1, 2022

Nov 01
Lilly’s new Type 2 diabetes drug had $187 million in sales in the third quarter

Eli Lilly & Co. Inc. LLY, +0.61% said its new Type 2 diabetes treatment Mounjaro brought in $187.3 million in sales in the third quarter of the year, beating the FactSet consensus of $79.0 million. It was the therapy’s first full quarter on the U.S. market after receiving approval from the Food and Drug Administration […]

Nov 01
Pfizer stock climbs on Q3 top and bottom line beat, raised outlook

Pfizer Inc.’s PFE, -1.86% stock rose 3.4% before market open on Tuesday, lifted by the pharmaceutical giant’s third-quarter earnings. The company earned $1.51 a share on net income of $8.608 billion, compared with earnings of $1.42 a share and net income of $8.146 billion in the same period last year. On an adjusted basis, Pfizer […]

Nov 01
Types of Forex Scams and How to Recognize Them

Types of Forex Scams and How to Recognize Them There are many scams associated with Forex targeting the public and retail traders. While the Forex market industry is increasing, the amount of Forex scams are also on the rise. Similar methods are also used in cryptocurrency scams. Here’s how to recognize forex scams and stay […]

Nov 01
Australian dollar grew after RBA decision. Overview for 01.11.2022

On Tuesday, the Australian dollar started growing against the US counterpart. The current quote is 0.6419. At the meeting the Reserve Bank of Australia lifted the interest rate to 2.85% annual from 2.60% previously. This decision was anticipated, and this increase by 25 base points goes in line with the previously voiced RBA policy. This […]

Nov 01
Ichimoku Cloud Analysis 01.11.2022 (EURUSD, NZDUSD, USDCHF)

EURUSD, “Euro vs US Dollar” The pair is pushing off the support level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 0.9885 is expected, followed by growth to 1.0245. An additional signal confirming the growth will be a bounce off the […]

Nov 01
Ripple’s allies expand: Coinbase files amicus brief in fight against SEC

Crypto exchange Coinbase has filed documentation asking permission to help Ripple Labs in its ongoing legal battle with the SEC. 2643 Total views 28 Total shares United States-based crypto exchange Coinbase has become the latest organization to stand behind Ripple Labs in its legal battle against the Securities and Exchange Commission (SEC), which could wrap […]

Nov 01
Scary stats: $3B stolen in 2022 as of ‘Hacktober,’ doubling 2021

Blockchain security firm Peckshield shared the stats on Halloween night, but also added the month saw $100 million in crypto returned. 928 Total views 14 Total shares The month of October has broken all records for crypto exploits and the amount of digital loot pilfered — living up to its new moniker of “Hacktober” — […]

Nov 01
I’m the captain now: Musk chops Twitter board, becomes sole director

Crypto-friendly billionaire Elon Musk has become the sole director of Twitter, following the dissolution of nine former board members, according to newly filed documents.  In an SEC filing dated Oct. 27, the “consummation” of Musk’s takeover of Twitter came with the dissolution of Twitter’s board members, including Bret Taylor, Parag Agrawal, Omid Kordestani, David Rosenblatt, Martha […]

Nov 01
Huobi Global denies ‘large-scale layoffs’ and key exec resignations

A spokesperson from Huobi Global says rumours of layoffs are “untrue” and the “senior management team is performing their duties as per normal.” 577 Total views 62 Total shares Huobi Global says it has no plans to conduct “large-scale layoffs” and has refuted reports that two of its top executives have resigned amid a takeover […]

Nov 01
Biden backs windfall tax for oil companies: ‘It’s time for these companies to stop war profiteering’

President Joe Biden called for Congress to look into a windfall tax for oil companies, as he made an effort to address elevated gasoline prices ahead of next week’s midterm elections. “It’s time for these companies to stop war profiteering, meet their responsibilities in this country and give the American people a break and still […]