Latest Market News
Applied Blockchain Inc. said Friday it plans to raise up to $67 million in its initial public offering by selling about 3.24 million shares at an estimated price range of $16.54 to $20.54 a share with underwriters B. Riley Securities and Needham & Co. Dallas-based Applied Blockchain plans to trade on the Nasdaq under the […]
Shares of Boeing Co. BA, -1.56% slipped 0.7% in morning trading Friday, after reports that a Boeing 757 cargo jet broke in half while landing. The stock was the biggest decliner among Dow Jones Industrial Average DJIA, +0.40% components. A Boeing 757 operated by package delivery company DHL detected a hydraulic system failure soon after […]
US market researcher Jim Bianco warned that the Federal Reserve’s decisive steps to curb runaway inflation would hurt Wall Street. In his opinion, all financial assets may suffer, writes CNBC.At the end of 2021, Bianco turned bearish on the stock market citing inflation as the biggest risk. The fault of the Fed is, in his […]
The British pound GBPUSD, -0.31% fell below $1.30 on Friday, trading at the lowest level since November 2020. The U.K. currency has been pressured as the Bank of England, despite being further along with rate increases than the U.S. Federal Reserve, has expressed caution about how high it can take rates. The U.K. currency also […]
U.S. stocks opened mixed Friday, with the technology-heavy Nasdaq Composite COMP, -1.34% and S&P 500 SPX, -0.27% trading lower, as investors continue to digest expectations for a more hawkish Federal Reserve ahead of March inflation data due out early next week. The Dow Jones Industrial Average DJIA, +0.40% was up slightly before dipping into negative […]
Legal cannabis companies would be allowed for the first time to deduct ordinary business expenses on their state taxes under a budget agreement reached Thursday by New York State lawmakers. This would put cannabis companies on equal tax ground with all other businesses in the state, at least in terms of their New York income […]