Text size Meta stock has returned 155% over the past six months. Josh Edelson/Getty Images Uncertainty reigns in the market these days, with a range of potential outcomes for the economy, interest rat...
Category: Finance
Live Finance News Updates.
Nordstrom Closes Canada And Plans New Technology As Strategy To Improve Results
Seattle, Washington, USA – May 27, 2012: A sign indicates Nordstrom and its founding date. … [+] Nordstrom is headquartered in Seattle, Washington. Getty Two recent Nordstrom JWN announcem...
Here’s the path of the least resistance
The USD/CHF exchange rate plunged to the lowest level since February 2021 after the latest interest rate decision by the Federal Reserve. The pair moved to a low of 0.8817, which was ove 13% below the...
Moderna Posts Earnings Beat. There’s Good News on Covid Vaccines Too.
Text size Moderna’s Covid vaccine has been a gold mine for the company but sales are dropping fast. Clement Mahoudea/AFP via Getty Images Good news from Moderna ‘s first-quarter results: A massive bea...
Florida Lawmakers Pass More Bills Targeting Disney Amid Legal Fight
Topline The Florida House passed two bills Wednesday that target Walt Disney World’s monorail and a development agreement the resort enacted with the former board of its special district, further esca...
AB InBev avoided talking about Bud Light in its better-than-expected earnings
Is AB InBev taking the backlash too lightly? The world’s largest brewer finally has another reason for making headlines besides its Bud Light marketing blunder: Stellar earnings. Belgian firm Anheuser...
Fear and greed index points to more S&P 500 upside
The S&P 500 index has drifted drifted downwards after it tested the important resistance point at $4,181. It retreated to a low of $4,095 after the latest interest rate decision by the Federal Res...
Is the Fed bluffing? Powell rules out interest rate cuts but market doubtful
I published a piece this week looking into the Federal Reserve’s interest rate decision Wednesday, assessing whether it was reckless to hike again in the current climate. The decision came and went a...
WallStreetBets DApp (WSB) sheds prior gains after huge insider dump
Popular WallStreetBets subreddit-linked WallStreetBets DApp (WSB) token has plummeted sharply since the start of May. The token has dropped from a high of $0.002014 to its current price of $0.0007555 ...
WallStreetBets DApp (WSB) sheds prior gains after huge insider sale
Popular WallStreetBets subreddit-linked WallStreetBets DApp (WSB) token has plummeted sharply since the start of May. The token has dropped from a high of $0.002014 to its current price of $0.0007555 ...
Russia points finger at U.S. for Kremlin drone attack – Cryptopolitan
Russia has accused the United States of orchestrating a drone attack on the Kremlin, which it alleges was an assassination attempt on President Vladimir Putin. During a press briefing, Kremlin spokesm...
AI sets silver price for the end of 2023
As the United States Federal Reserve announced the widely expected interest rate hikes, the prices of precious metals have followed, including that of silver, which has climbed 2.15% over the previous...
Shell to hand $12bn back to shareholders after record profits
Shell – MAY JAMES/REUTERS Shell is to hand $12bn (£9.6bn) back to shareholders after posting a record quarterly profit of $9.7bn, triggering fresh calls for a bigger windfall tax on energy compa...
Legacy Motor Club’s Surprise Move To Toyota In Nascar Should Really Be All That Surprising
AVONDALE, ARIZONA – NOVEMBER 04: Former NASCAR driver, Jimmie Johnson (C) speaks to the media … [+] announcing he has invested in an ownership stake in the Petty GMS Motorsports as team ow...
The Man Who Saved Manchester United
We’ll be alright says Jimmy Murphy (left), the Manchester United assistant manager, as he sees Matt … [+] Busby off on his journey to Scotland to attend his mother-law’s funeral, 6th...
BUD stock price analysis after the AB InBev earnings
AB Inbev (NYSE: BUD) stock price has retreated in the past few days as the recent momentum faded. The shares were trading at $64, which was about 4.20% below the highest point this year. The company p...
Shell Beats Estimates With Profit of Nearly $10 Billion, Sets $4 Billion Buyback
Text size Shell’s first-quarter earnings smashed analysts’ expectations. Peter Boer/Bloomberg Shares of oil giant Shell rose in London trading after the company reported first-quarter earnings that ex...
Treasury Yields May Fall to 2% as Gundlach, Banks Eye Recession
(Bloomberg) — The rally in US Treasuries is set to accelerate as the world’s biggest economy slides toward a recession, strategists say. Most Read from Bloomberg Benchmark 10-year yields may fal...
Top Alternative Energy Stocks for Q2 2023
Top alternative energy stocks this quarter include Daqo New Energy Corp., the best for value and growth, and First Solar Inc., the best-performing alternative energy stock over the last 12 months. Alt...
Mercedes 2023 Profit Prospects Look Bright, But China’s Electric Threat Looms
Mercedes EQE electric vehicle (Photo by Hauke-Christian Dittrich/picture alliance via Getty Images) dpa/picture alliance via Getty Images Mercedes-Benz reported strong first-quarter profits and analys...
Banking Crisis Fears Extend To PacWest As Shares Fall More Than 50%—But Bank Says Deposits Grew Since March
Topline Regional bank PacWest Bancorp said early Thursday said it has seen a rise in deposits since the end of March and it has been in talks with “several” potential investors and partners, in an eff...
Media want 9 million FTX customer names released despite fear of scams
The New York Times, The Financial Times, and Bloomberg have again asked a U.S. bankruptcy court to release the names of 9 million FTX customers despite the risk of exposing them to AI-driven “pig butc...
Gold climbs upward as US interest rates soar to highest in over 20 years
After the United States central bank expectedly increased interest rates to the highest in over 20 years (but hinting at a pause in the future), gold has reacted with a strong upward move, signaling i...
Paris Saint Germain Negotiate Ousmane Dembele Transfer From FC Barcelona: Reports
Ousmane Dembele is negotiating a move to Paris Saint Germain according to the Catalan media. NurPhoto via Getty Images Paris Saint Germain are trying to negotiate the purchase of Ousmane Dembele from ...
Stake Casino and Sportsbook set records in April 2023
Stake has shared the numbers and trends for Casino and Sportsbook, highlighting the title that ruled the list and the maximum amount a player won in April 2023. It has also been talked about the devel...
EUR/TRY forms rising wedge ahead of ECB, Turkey election
The EUR/TRY exchange rate is sitting at an all-time high as investors wait for the upcoming interest rate decision by the European Central Bank (ECB) and the upcoming Turkish election. It was trading ...
APT consolidation continues as it remains rangebound near $10 – Cryptopolitan
The Aptos price analysis shows that, the coin has not broken out of the consolidation. The downward break was rejected by the buyers side, and yesterday, the coin resurfaced back to $10.02 after swing...
Two more US banks plunge as crisis fears spread
pacwest bank banking crisis fears – Morgan Lieberman/Bloomberg PacWest shares plummeted by as much as 60pc in after hours trading in New York amid talks of a rescue for the US regional bank. The...
PacWest Moves to Calm Market After Rout, Says Deposits Rose
(Bloomberg) — PacWest Bancorp said deposits have increased since March and confirmed it’s in talks with several potential investors, seeking to calm markets after a 60% stock rout that made it t...
TMS Network (TMSN) Crushes Cardano (ADA) And NEO (NEO) Smart Contract Ambitions With a Colossal Token Price Surge
The blockchain industry has been witnessing intense competition among different smart contract platforms in recent years. However, the emergence of TMS Network (TMSN) has disrupted this landscape with...
Unity To Let Go Of 600 Employees Under Its Latest Layoff Round
Unity Software Inc (NYSE: U) is amid its third and largest round of layoffs in the past year, joining the downsizing bandwagon. Unity is slashing roughly 600 jobs, about 8% of its workforce. Unity is ...
LTC finds support at $88 but can the bulls hold on? – Cryptopolitan
TL;DR Breakdown Litecoin price analysis suggests upward movement to $90 before continuing the downtrend The closest support level lies at $88.00 LTC faces resistance at the $90.00 mark The Litecoin pr...