News

May 21
Web3, NFTs, Metaverse: The tools for a truly decentralized future

If the crypto community can successfully decentralize the internet, “it’s a future really worth getting excited about,” said NFT3 founder Dylan Dewdney. 577 Total views 14 Total shares Attendees to the BlockDown Croatia 2022 festival were witness to Cointelegraph’s discussions around sociopolitics of the Web3 ecosystem, non-fungible tokens (NFT) and the Metaverse. It turns out […]

May 21
Match withdraws restraining order after Google agrees to ‘various concessions’

Shares of Match Group Inc. MTCH, +2.20% surged 5.2% in premarket trading Friday, after the data apps company after Alphabet Inc.’s GOOG, -1.29% GOOGL, -1.34% Google made “various concessions” regarding Match’s complaints. As a result, Match said it has withdrawn its request for a temporary restraining order, which it said last week that it would […]

May 21
Zymeworks rejects ‘unsolicited, opportunistic’ buyout bid by UAE-based All Blue Falcons

Shares of Zymeworks Inc. ZYME, +2.92% rallied 1.5% in morning trading Friday, after the biopharmaceutical company said it rejected the “unsolicited, opportunistic, non-binding” $10.50-per-share buyout bid by activist investor All Blue Falcons FZE. The company said it determined that the bid by the UAE-based investment holding company “significantly undervalues” the company and its prospects, and […]

May 21
Gold (GOLD1!), H1 Potential For Bullish Bounce

Type: Bullish BounceKey Levels:Resistance: 50906Pivot: 50469Support: 50300Preferred Case:With price moving above our ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 50906 in line with the 61.8% Fibonacci projection , 100% fibonacci projection , -27.2 fibonacci expansion and overlap resistance from our pivot of 50469 in line […]

May 21
Market Spotlight: GBP Rallies on Surprise Retail Sales Beat

Retail Activity Rises Despite Inflation The British Pound has seen strong demand again today following an unexpectedly strong set of retail sales for April. The data, released this morning, showed that retail sales grew by 1.3% last month. This was in stark contrast to the -0.3% reading the market was expecting and marks a sharp […]

May 21
Ollie’s Bargain Outlet gets double upgraded at BofA, as inflation sparks ‘trade-down’ to closeout merchandise

Shares of Ollie’s Bargain Outlet Holdings Inc. OLLI, -1.94% slipped 0.3% in morning trading Friday, but were outperforming the retail sector by a wide margin, after BofA Securities analyst Jason Haas swung to bullish from bearish on the closeout retailer, citing signs suggesting availability of closeout merchandise has “meaningfully improved” over the past several months. […]