News

May 24
Home builder stocks suffer unanimous selloff after disappointing new home sales data

The home builder sector was suffering a unanimous selloff in morning trading Tuesday, after data showing new home sales surprisingly fell in April, and sharply, amid high prices, rising mortgage rates and low supply. The iShares U.S. Home Construction ETF ITB, -3.37% sank 3.4%, with all 47 equity components losing ground, while the SPDR S&P […]

May 24
Russia’s updated crypto mining bill cuts tax amnesty for Bitcoin miners

Legislators in the lower house of Russia’s parliament also dropped the notion of a special register for mining operators. 873 Total views 26 Total shares In less than a month, the draft of a crypto mining bill in the Russian parliament has lost several key points, such as the obligation for mining operators to join […]

May 24
Stocks open lower as Monday bounce gives way to renewed selling

U.S. stocks opened lower Tuesday, slumping after disappointing results from Snapchat parent Snap Inc. sent tech-related shares skidding. The fall comes after stocks bounced sharply higher on Monday following a rout that took the S&P 500 SPX, -1.37% to the brink of a bear market on Friday. The Dow Jones Industrial Average DJIA, -0.51% was […]

May 24
Coinbase offers ‘thousands of tokens’ in expanded swap service

Coinbase has added BNB Chain and Avalanche to its list of supported networks for the Coinbase Wallet, which will give traders far greater access to tokens that are not listed on the Coinbase exchange. 3021 Total views 10 Total shares America’s largest crypto exchange Coinbase has added the BNB Chain, formerly Binance Smart Chain, and […]

May 24
Abercrombie & Fitch swings to loss and gives guidance below Street expectations

Abercrombie & Fitch Co. ANF, -4.43% shares sank 21.7% in Tuesday premarket trading after it swung to a first-quarter loss. The apparel retailer posted a net loss of $16.5 million, or 32 cents per share, after net income of $41.8 million, or 64 cents per share, last year. An adjusted loss of 27 cents per […]

May 24
Ichimoku Cloud Analysis 24.05.2022 (EURUSD, AUDUSD, GBPUSD)

EURUSD, “Euro vs US Dollar” EURUSD is moving within the bullish channel. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen at 1.0615 and then resume moving upwards to reach 1.0825. Another signal in favour of a further uptrend will be […]