Latest Market News
Type: Bearish ContinuationKey Levels:Resistance: 791’0Pivot: 782’4Support: 769’4Preferred Case:With price expected to reverse off the Ichimoku resistance, we have a bearish bias that price will drop to our 1st support in line with the horizontal swing low support from our pivot of 782’4 in line with the horizontal swing high support and 38.2% Fibonacci retracement.Alternative Scenario:Alternatively, […]
The SEC’s “crypto mom” Hester Peirce has said the regulatory “movement” around stablecoins needs to allow for “trial and error” and room for failure. 405 Total views 2 Total shares Commissioner Hester Peirce — also known as the Securities and Exchange Commission’s (SECs) “crypto mom” — has backed a regulatory framework for stablecoins that allows […]
Stock-index futures ended mostly lower Thursday, but finished above session lows as investors continued to fret over inflation and the Federal Reserve’s response. The Dow Jones Industrial Average DJIA, -0.33% closed with a loss of around 104 points, or 0.3%, near 31,730, according to preliminary figures, after trading as low as 31,228.22. The S&P 500 […]
Shares in the popular online brokerage Robinhood have spiked over 30% in after hours trading following billionaire Sam Bankman-Fried acquiring a 7.6% stake in the company. 134 Total views 3 Total shares Sam Bankman-Fried, the billionaire founder and CEO of cryptocurrency exchange FTX has acquired a substantial 7.6% stake in the popular online brokerage, Robinhood. […]
Union Pacific Corp. UNP, +0.92% said late Thursday its board has voted to increase the railroad’s quarterly dividend by 10% to $1.30 a share. The dividend is payable on June 30 to shareholders of record May 31, the company said. Union Pacific has paid a dividend for 123 straight years, it said. “Union Pacific continues […]
Treasury yields continued to fall Thursday amid strong demand for U.S. government debt despite growing stagflation fears — suggesting investors in the $23 trillion government bond market are giving up on trying to forecast the long-term outlook. That’s the view of Deutsche Bank Securities research analyst Aleksandar Kocic. In a phone interview Thursday, Kocic said […]