Latest Market News
A top official from the U.S. Secret Service (USSS) says the agency can track the flow of Bitcoin and other cryptocurrencies in a similar manner to email addresses, and it has seized more than $102 million in crypto across 254 cases since 2015. USSS assistant director of investigations David Smith told CNBC that the transparent […]
Shares of Southern Co. SO, +0.58% rose 0.1% in afternoon trading Tuesday, after the electric and gas distribution company said its quarterly dividend was being raised by 3.0%, to boost the dividend yield above 3.5%. The new quarterly dividend of 68 cents a share, up from 66 cents, will be payable June 6 to shareholders […]
NZDCAD Selling OffThe NZDCAD breakdown through .8553 has hit its first target at .8475. With oil prices rallying again recently, CAD has seen better demand. This has also come amidst recent hawkishness from the BOC, which raised rate by .5% last week, creating a strong backdrop for a higher Canadian Dollar. With both MACD and […]
Risk Appetite Weaker as Growth Concerns Take HoldGlobal equities indices have started the week on a softer footing as investors continue to show risk aversion. As traders in Europe return to their desks after the Easter holidays, uncertainty around the ongoing conflict in Ukraine remains the biggest headwind for asset prices. Alongside this, we are […]
Viridian Capital on Tuesday initiated coverage of Ascend Wellness AAWH, -0.90% with a buy rating and a $5.15 price target as a beneficiary of adult cannabis sales in New Jersey starting on Thursday. Analyst Jonathan DeCourcey said Ascend Wellness trades at a discount to other cannabis multi-state operators (MSOs) partly because its stock debut in […]
Stocks finished sharply higher Tuesday as energy prices pulled back and investors combed through another batch of corporate earnings. The Dow Jones Industrial Average DJIA, +1.45% gained about 502 points, or 1.5%, to end near 34,912, marking its biggest daily percentage climb since March 16, according to FactSet. The S&P 500 index SPX, +1.61% rose […]