News

Jan 05
Oil prices settle higher as U.S. crude supplies edge lower, but gasoline stockpiles climb

Oil prices finished with a gain on Wednesday after the Energy Information Administration reported a sixth straight weekly decline in U.S. crude inventories. The EIA report, however, highlighted a sharp decline in oil exports and refined product demand in the U.S., “as the normal seasonal decline in demand during the holiday week was exacerbated by […]

Jan 05
OpenSea raises $300M for encrypted digital marketplace

OpenSea’s market value has now surpassed $13.3 billion following the new cash injection. 2801 Total views 53 Total shares The nonfungible token (NFT) market is gaining momentum as the next frontier in collectibles, gaming and the metaverse.  To accelerate this vision, OpenSea announced on Tuesday that it has secured $300 million in a Series C funding […]

Jan 05
Wells Fargo Chief Risk Officer Amanda Norton retiring this year: Reports

Wells Fargo & Co. WFC, +0.09% Chief Risk Officer Amanda Norton will retire from the bank in June after about four years in the post, according to reports on Tuesday. Norton, 55, joined Wells Fargo in 2018. Wells Fargo plans to name a replacement in the next few weeks, according to reports by The Wall […]

Jan 05
Kevin O’Leary-backed WonderFi to buy Bitbuy parent company for $162M

WonderFi, backed by Canadian billionaire Kevin O’Leary, is looking to increase its footprint in Canada with the acquisition of crypto exchange Bitbuy. 2031 Total views 68 Total shares Kevin O’Leary-backed decentralized finance (DeFi) platform WonderFi Technologies is increasing its footprint in Canada by buying the first regulated crypto exchange in the country.  WonderFi agreed to […]

Jan 05
Oil futures pare gains as U.S. crude stocks decline, but gasoline supplies climb sharply

The Energy Information Administration reported on Wednesday that U.S. crude inventories fell by 2.1 million barrels for the week ended Dec. 31. On average, analysts had forecast a fall of 4.4 million barrels, according to a poll conducted by S&P Global Platts. The American Petroleum Institute on Tuesday reported a 6.4 million-barrel decline, according to […]

Jan 05
FTSE 100 index Wave Analysis – 4 January, 2022

• FTSE 100 broke key resistance level 7500.00 • Likely to rise to resistance level 7600.00 FTSE 100 index recently broke above the key resistance level 7500.00 – which accelerated the active impulse waves 3 and (3). The index earlier reversed up from the key support level 7400.00, former resistance level which has been repeatedly […]