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Open Text Corp. OTEX, +0.08% shares sank 5% in after-hours trading Thursday after the company announced plans to acquire British software company Micro Focus MFGP, +0.97% at a valuation of $6 billion. Open Text said it would pay 532 pence for each share of Micro Focus, roughly double the stock’s closing price on the London […]
President Joe Biden plans to travel on Sept. 9 to Licking County, Ohio, to deliver remarks about the CHIPS and Science Act and 2021’s bipartisan infrastructure law during a groundbreaking ceremony for a new Intel semiconductor manufacturing facility, according to the White House. Intel INTC, +3.04% in June delayed the groundbreaking ceremony for the plant, […]
Oil futures on Thursday posted their first loss in three sessions. Saudi Arabia has suggested that OPEC could decide to cut production if an Iranian nuclear deal is reached, as an agreement would lift Western sanctions and ultimately see additional oil barrels come onto the global market, said Tyler Richey, co-editor at Sevens Report Research. […]
The Dow and S&P 500 booked their best day of gains in about two weeks on Thursday as investors looked forward to hearing from the Federal Reserve’s Jerome Powell on Friday at the annual Jackson Hole, Wyo. economic gathering. The Dow Jones Industrial Average DJIA, +0.98% rose about 322 points, or 1%, ending near 33,292, […]
Type: Bullish Rise Key Levels:Resistance: 1.05075Pivot: 1.04215Support: 1.03405 Preferred Case:On the H4, with the price moving within the ascending trendline and pullback from the trendline, we have a bullish bias that the price may rise form the pivot at 1.04215, where the 23.6% fibonacci retracement and overlap resistance are to the 1st resistance at 1.05075, […]
Type: Bullish Rise Key Levels:Resistance: 13781Pivot: 13383Support: 13004 Preferred Case:With the price breaking the descending trendline and DIF line is crossing above the signal line in MACD , if the price could break the pivot at 13383, we could have a bullish bias that the price may rise to the 1st resistance at 13781, where […]