News

Shares of Phoenix Motor Inc. PEV, -45.87% plunged out of the gate Wednesday, as the maker of electric drive systems and electric vehicle’s stock opened 13.3% below the initial public offering price and continued to trade lower. The company’s downsized IPO priced overnight at $7.50, at the lower end of the expected range of between […]

The honeymoon period for the Optimism layer-2 scaling solution has been cut short, as an exploit in its market maker’s smart contract led to the loss of 20 million OP tokens. The exploit took place on May 26 but has only just been reported to the community. One million tokens valued at about $1.3 million […]

Shares of Caterpillar Inc. CAT, +1.19% rose 1.2% in morning trading Wednesday, to pace the Dow Jones Industrial Average’s DJIA, -0.81% gainers, after the maker of construction and mining equipment raised its quarterly dividend by 8.1%. The company said the new dividend of $1.20 a share, up from $1.11 a share, will be payable on […]

Veteran futures trader Peter Brandt has suggested that the price of Ether (ETH) could drop to as low as $1,268 in the coming month, but the consensus view of 15,500 members of the CoinMarketCap community is that the price will have hit roughly $3,131 by June 30. The Ethereum network is now in the final […]

The National Retail Federation gave an update on the nation’s ports, saying it’s going to be a busy summer with high volumes of merchandise landing in the U.S. “Back-to-school supplies are already arriving, and holiday merchandise will be right behind them,” said Jonathan Gold, vice president for supply chain and customs policy for the NRF, […]

USDJPY, “US Dollar vs. Japanese Yen” In the H4 chart, USDJPY is trading above the 200-day Moving Average to indicate a possible ascending tendency. In this case, the price is expected to continue growing to reach the resistance at 6/8. However, this scenario may no longer be valid if the price breaks the support at […]