Latest Market News

Jul 12
API data reportedly show weekly increases for U.S. crude, gasoline and distillate supplies

The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 4.8 million barrels for the week ended July 8, according to sources. The API data also reportedly showed weekly inventory increases of 2.9 million barrels for gasoline and 3.3 million barrels for distillates. Oil stocks at the Cushing, Okla., delivery hub were […]

Jul 12
Korean fintech giant plans to create 10K Web3 jobs amid bear market

Dunamu would open offices in major cities and create about 500 new startups focused on NFTs and the Metaverse. 915 Total views 31 Total shares Dunamu, a major fintech firm in South Korea that operates crypto exchange Upbit and several other blockchain and securities platforms, is planning to invest 500 billion won ($380 million) to […]

Jul 12
Rivian planning workforce reductions, hiring halts: WSJ

Rivian Automotive Inc. is readying a cost-cutting plan that includes workforce reductions and halting nonmanufacturing hiring, The Wall Street Journal reported Tuesday. The publication cited an internal letter from Chief Executive RJ Scaringe. Rivian did not immediately return a request for comment. On Monday, Bloomberg, citing people familiar with the matter, reported that the EV […]

Jul 12
The Pound decided to retreat. Overview for 12.07.2022

GBPUSD is falling attacked by the USD and a great deal of domestic problems.  The Pound Sterling is retreating against the USD. The current quote for the instrument is 1.1840. It’s difficult for the British currency to fight the USD’s attack. On the other hand, domestic conditions in the United Kingdom provide the Pound with […]

Jul 12
EURUSD: welcome to the parity. Overview for 12.07.2022

EURUSD dropped to its 20-year lows.  The major currency pair hit new lows – the asset is looking extremely weak. The current quote for the instrument is 1.0022. A new bottom is at 1.0004, and it’s probably not the limit for “bearish” pressure as they may yet continue pushing the pair downwards.  The last time […]

Jul 12
FCNB Notice and Request for Comments – Proposal to repeal and replace Local Rule 11-501 Fees

Regulated Industries FCNB is responsible for the regulation and enforcement of securities, insurance, pensions, credit unions, trust and loan companies, co-operatives, mortgage brokers, pay day lenders, real estate and a wider range of other consumer legislation. We regulate 36,000 industry participants who make their living working with New Brunswickers’ money. These industry participants handle more […]