Latest Market News
Brinker International Inc. EAT, +8.35% shares soared 11.8% in early Wednesday trading after the restaurant company reported fiscal second-quarter profit that far exceeded expectations. Net income totaled $27.6 million, or 60 cents per share, up from $12.0 million, or 26 cents per share, last year. Adjusted EPS of 71 cents blew past the FactSet consensus […]
The Wormhole token bridge experienced a security exploit today, resulting in the loss of 120,000 wETH tokens ($321 million) from the platform. Wormhole is a token bridge that allows users to send and receive crypto between Ethereum, Solana, BSC, Polygon, Avalanche, Oasis, and Terra without the use of a centralized exchange (CEX). This is the […]
Capri Holdings Ltd. CPRI, +7.82% shares jumped 5.7% in Wednesday premarket trading after fiscal third-quarter earnings sailed ahead of Street expectations. Net income totaled $322 million, or $2.11 per share, up from $179 million, or $1.18 per share, last year. Adjusted EPS of $2.22 blew past the FactSet consensus of $1.69. Revenue of $1.609 billion […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming several reversal patterns, including Hammer, close to the support level, USDCAD is reversing and may form a new rising impulse. In this case, the upside target may be the resistance area at 1.2780. However, an alternative scenario implies that […]
Content ControversyMusic streaming platform Spotify has been drawing plenty of heat recently following a row which erupted just a fortnight ago. Folk-rock icon Neil Young called on Spotify to make a choice between having his music on their platform or Joe Rogan’s podcasts. Young took aim at Spotify over the content of Rogan’s podcasts, specifically […]
AUD Trading HigherThe Australian Dollar has seen better demand today following comments overnight from RBA governor Lowe. Following the RBA’s February meeting which saw the bank announcing an end to QE but citing ongoing concerns over the sustainability of the pickup in inflation, Lowe’s comments last night were deemed more hawkish than the market was […]