Day: November 3, 2022
Binance CEO Changpeng “CZ” Zhao appears to have softened his stance on central bank digital currencies (CBDCs), arguing in a conference that he doesn’t think CBDCs are a threat to his company or the crypto sector. CZ spoke at the Web Summit in Lisbon on Nov. 2 about CBDCs and their role in the crypto […]
The Robinhood CEO also announced the brokerage firm’s plans to expand the Robinhood Wallet internationally in the months to come. 157 Total views 2 Total shares Crypto and stock trading platform Robinhood highlighted lagging cryptocurrency revenue in the third quarter of 2022, though the results will do little to dampen its ambition to serve the […]
Walgreens Boots Alliance WBA, -1.24% said Wednesday it will pay about $5 billion as part of a framework to resolve “a substantial majority” of opioid-related lawsuits with some states and Native American tribes, according to a securities filing. That includes $4.79 billion over 15 years to participating states and $154.5 million over 15 years to […]
Rogers Corp. ROG, -44.30% stock fell 42% to $96.49 in premarket trades on Wednesday after it received a termination notice from DuPont de Nemours Inc. DD, +3.13% for its $5 billion acquisition of the engineered materials company. Rogers said it’s “evaluating all options” to determine its best path forward. DuPont said Tuesday the two companies […]
USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are above the 200-day Moving Average, indicating the prevalence of an uptrend. The RSI is testing the support level. A movement towards 7/8 (148.43) should be expected, followed by a breakaway and growth to the resistance level of 8/8 (150.00). The scenario can be cancelled by […]
When programmer Jonathan Silverblood flew to Townsville, Australia from his Finland home for a two-and-a-half-month holiday in August, he had one main task — pay for everything he could using Bitcoin Cash (BCH). The coastal city of Townsville is known as the “Bitcoin Cash City,” a name derived from a conference of the same name […]
Shares of Hubspot Inc. HUBS, -9.17% were up more than 10% in after-hours trading Wednesday after the marketing-software company exceeded expectations with its latest results and issued an upbeat profit forecast. The company posted a net loss of $31.4 million, or 65 cents a share, compared with $13.7 million, or 29 cents a share, in […]
Traders of interest-rate futures are pricing in nearly 60% odds of a 50 basis-point interest-rate hike from the Federal Reserve in December as investors anticipate that Wednesday’s 75 basis point hike will be the last of its size for this cycle. Fed funds futures traders were pricing in 59.4% odds of a 50 basis point hike in […]
Gold futures settled with a modest gain on Wednesday, then moved higher in electronic trading after the Federal Reserve announced a hike in the fed funds rate of 75 basis points to the 3.75% to 4% range. December gold GCZ22, -0.67% was at $1,666.80 an ounce in electronic trading shortly after the announcement. That follows […]
U.S. stocks turned sharply higher on Wednesday after the Federal Reserve fired off another 75 basis point rate increase in an attempted to cool inflation that’s been tough to coax down from a four-decade high. The Dow Jones Industrial Average DJIA, -1.55% was up 322 points, or 1%, trading near 32,977. The S&P 500 index […]
