Latest Market News
Jefferies analyst Benjie Creelan-Sandford said Friday the confirmation from Banco Santander S.A. SAN, -1.21% that it won’t continue bidding for Citigroup Inc.’s C, -1.29% Banamex unit in Mexico should ease capital concerns. He reiterated a buy rating on the stock and said Santander’s decision may “allow part of the company’s greater-than 15% implied discount to […]
The reduced difficulty allows Bitcoin miners to confirm transactions using lower resources, enabling smaller miners a fighting chance to earn the mining rewards. 1789 Total views 41 Total shares The difficulty in mining a block of Bitcoin (BTC) was reduced further by 5% to 27.693 trillion as network difficulty maintains its three-month-long downward streak ever […]
Shares of internet companies suffered collateral damage Friday from Snap Inc.’s SNAP, -39.08% bombshell earnings report that led to a 30+% plunge in Snap’s stock. Shares of Alphabet Inc. GOOGL, -5.63% GOOG, -5.81% sank 2.9%, Facebook parent Meta Platforms Inc. META, -7.59% dropped 4.4% and Pinterest Inc. PINS, -13.51% shed 7.0%. Twitter Inc.’s stock TWTR, […]
BTC Rallies on Weaker USD The pull-back in the US Dollar this week has benefited risk assets across the board and cryptocurrencies have been a reflection of this. Bitcoin traded up to its highest level since early June, fuelling hopes of a near-term bottom. The driver behind the move has been the shift in market […]
Type: Bullish Rise Key Levels:Resistance: 0.63185Pivot: 0.62505Support: 0.61850 Preferred Case:On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise to the pivot at 0.62505 where the overlap resistance is. Once there is upside confirmation that price has broken the pivot , […]
Scotts Miracle-Gro Co. SMG, -3.43% fell 0.7% on Friday after UBS downgraded the lawn care and cannabis growing equipment company to neutral from hold and cut its price target to $92 a share from $125 a share. “We believe limited top/bottom line recovery coupled with a levered balance sheet…will keep shares range bound until the […]