Latest Market News

May 11
New York digital media company the latest to add Bitcoin to balance sheet

Whilst the purchase won’t cast a shadow on the billions worth of Bitcoin owned by other firms, the company said it could have made $1.2 million if it sold its holdings at the end of the first quarter. 334 Total views 19 Total shares Townsquare Media, a New York based digital marketing and radio station […]

May 11
Arlo Technologies stock jumps more than 15% after Q1 sales top views

Shares of Arlo Technologies Inc. ARLO, -5.57% rallied more than 15% in the extended session Tuesday after the maker of home security cameras and other residential security equipment reported a narrower-than-expected first-quarter loss and sales topped Wall Street expectations, helped by the “strong growth” of Arlo’s service business. Arlo said it lost $8.5 million, or […]

May 11
Match to seek temporary restraining order against Google

Match Group Inc. MTCH, -0.65% on Tuesday said it plans to ask a federal judge in California to issue a temporary restraining order against Alphabet Inc.’s Google GOOGL, +1.67% GOOG, +1.33% to prevent the company from throwing Match off of its Google Play app store on June 1. The filing comes a day after Match […]

May 11
Unity Software’s stock plunges nearly 30% on weak revenue guidance

Unity Software Inc.’s. stock U, -4.47% plummeted 29.3% in extended trading Tuesday after the software company reported fiscal first-quarter results that were largely in line with Wall Street analysts’ forecasts, but issued poor second-quarter and fiscal year revenue guidance. Unity reported a net loss of $177.6 million, or 60 cents a share, compared with a […]

May 10
Too Difficult to Resist to buy the dip as S&P 500 Tumbles to Crucial 4000 Points Support Level

Some stabilization in risk demand after yesterday’s sell-off is helping currencies correlated with economic growth expectations (high-beta currencies) to regain some of what they lost yesterday. Against this backdrop, the dollar’s rally is being thwarted, but any correction lower could be met with strong support as the Fed has taken a major lead in the […]

May 10
Investment Bank Outlook 10-05-2022

CIBCFX FlowsEarly birds paid $YEN up to 130.575, no headlines, one Japanese friend said to me he saw US banks hitting the offers. I believe the move could be due to the positive start in the US equity futures. Things turned sour, e-minis pared gains and $YEN reversed back. Demand for the Tokyo fix cushioned […]