Latest Market News
Shares of Chemours Co. CC, -3.84% sank 5.5% toward a six-month low in premarket trading Wednesday, after the specialty materials company lowered its full-year outlook due to a continued demand decline in its Titanium Technologies business. The company said it now expects 2022 adjusted earnings before interest, taxes, depreciation and amortization (Ebtida) to be between […]
Defense contractor BAE Systems BA, +4.38% was the top performing FTSE 100 stock in midday trade, rallying over 5% after Russian President Vladimir Putin announced a partial mobilization of troops and threatened the west with nuclear weapons. Gains for Shell SHEL, +2.15% and BP, +1.57% also buoyed the U.K. index UKX, +0.59%, up 0.8%.
Apart from USDC support, FV Bank also plans to launch a custody service in Q4 2022, targeting major coins like Bitcoin and Ethereum. 1226 Total views 17 Total shares The global digital bank FV Bank is the latest financial platform to enable deposits in Circle-backed stablecoin USD Coin (USDC). FV Bank on Wednesday announced the […]
Cantor Fitzgerald analyst Pablo Zuanic on Wednesday reiterated an overweight rating on Canada’s Aurora Cannabis Inc. ACB, -4.76% ACB, -3.09% and reduced his price target to $3 a share from $3.12 a share. Zuanic said he expects no significant changes in top line trends in the coming quarter, after Aurora reported flat sequential fourth-quarter sales […]
Amazon.com Inc. AMZN, -1.98% said Wednesday it’s adding 2.7 gigawatts (GW) of energy capacity across 71 new renewable energy projects, including its first energy farms in Brazil, India and Poland. Amazon Web Services CEO Adam Selipsky said Amazon plans to reach 100% renewable energy across its business by 2025. Amazon’s renewable energy projects are currently […]
Market timer Tom McClellan, publisher of the McClellan Market Report, said he was changing to short-term neutral Wednesday, after being bearish since after the Sept. 9 close, ahead of the Federal Reserve’s policy setting committee’s (FOMC) meeting. “I don’t want to ride that bucking bronco,” McClellan wrote. The Fed is expected to raise overnight interest […]