News

Oct 21
Schlumberger stock gains after earnings beat expectations, as global activity strengthened

Shares of Schlumberger Ltd. SLB, +3.95% rallied 0.9% in premarket trading Friday, after the oil services company reported third-quarter profit and revenue that beat expectations, with growth led by its well construction and production systems businesses as global activity strengthened. “The quarter was also supported by continued backlog conversion, strong technology adoption, and the growing […]

Oct 21
Snap’s 26.6% premarket decline drags down Meta, Google, Pinterest and other stocks exposed to online ad market

Snap Inc. stock’s SNAP, -30.12% 26.6% premarket decline on Friday dragged down other big tech names that rely on online advertising. Twitter Inc. TWTR, -4.64% was down 8% with a report that Biden administration officials are considering subjecting some of Elon Musk’s ventures to national-security reviews adding to the downdraft. Facebook parent Meta Platforms Inc. […]

Oct 21
Natural gas Wave Analysis – 21 October, 2022

• Natural gas falling inside impulse wave (c) • Likely to fall to support level 5.365 Natural gas continues to fall inside the short-term impulse wave (c) which previously broke the support level 6.500 (which stopped wave (i) in September) and the 61.8% Fibonacci correction of the upward price move from January. The active impulse […]

Oct 21
EURGBP Wave Analysis – 21 October, 2022

• EURGBP reversed from support level 0.8600 • Likely to rise to resistance level 0.8800 EURGBP currency pair recently reversed up with the daily Long-legged Doji from the pivotal support level 0.8600 (which has been reversing the pair from the middle of July), which stopped the previous wave C. The support level 0.8600 was further […]

Oct 21
American Bankers Association survey says two thirds of Americans support cannabis banking

A consumer survey from the American Bankers Association reports that 66% of Americans support allowing cannabis businesses to access banking services including checking accounts and business loans in states where cannabis is legal. Two-thirds of Americans support federal legislation from Congress to allow cannabis businesses to enter into banking services in the 39 U.S. states […]

Oct 21
OpenSea revises NFT rarity ranking protocol after community feedback

A community member argued that the new rarity ranking protocol destroys the market-driven rarity structure for some NFT collections. 228 Total views 1 Total shares While giving rarity ranks to nonfungible tokens (NFTs) on a marketplace may help collectors decide on whether to purchase NFTs or not, some argue that ranking NFTs may do more […]