Latest Market News

Jun 29
PSE&G to invest $511 million in 4 years to modernize, boost reliability during ‘extreme weather’

Public Service Enterprise Group Inc. PEG, +0.06%, also known as PSE&G, said the New Jersey Board of Public Utilities has approved its Infrastructure Advancement Program (IAP), which allows it to invest $511 million over four years to update its distribution systems and improve reliability, “including during extreme weather.” The company said its program will create […]

Jun 29
Bear market will last until crypto apps are actually useful: Mark Cuban

The billionaire investor said a bigger focus on applications and utility outside of finance would bring more back to the crypto space and possibly reverse the declining market. 5782 Total views 83 Total shares Mark Cuban, the billionaire entrepreneur known for his role as one of the main investors on the reality television show Shark […]

Jun 29
Bank of America upgrades Goldman Sachs on relative performance to other banks, but cuts earnings view

Goldman Sachs Group Inc. GS, +2.11% rose 1.6% after Bank of America analyst Ebrahim H. Poonawala upgraded the company to buy from neutral on his view that the bank offers a relatively better value than its peers in a looming economic downturn. Poonawala raised his price target on Goldman to $380 a share from $360 […]

Jun 29
The cryptocurrency market digest (BTC, DOGE, TON). Overview for 29.06.2022

And once again the BTC is very sensitive to mood swings in the US stock market. There is a correlation between S&P 500/NASDAQ and the BTC, which can be easily seen right now. This week, American exchanges are selling, so the major cryptocurrency has few chances to rebound. The BTC is falling towards $20,080 on […]

Jun 29
The Yen is ready to continue plummeting. Overview for 29.06.2022

USDJPY is going around in circles; investors are ready to continue buying. The Japanese Yen is consolidating against the USD on Wednesday. The current quote for the instrument is 136.12. Nevertheless, this local calmness in the pair shouldn’t mislead anyone – the Yen does remain weak and further devaluation is just a question of time. […]

Jun 29
Russian oil cost rises as G-7 summit prepares to cap prices

The summit of the Group of Seven industrialized countries ended yesterday, Tuesday, June 28, by agreeing to consider setting a ceiling for the price of Russian oil as part of its efforts to pressure Russia and its retreat from the war in Ukraine. Despite the difficulty of achieving this, the Group of Seven countries believes […]