Cryptocurrencies
New Zealand Dollar Extends Gains
The New Zealand dollar has posted gains for a third straight day. Early in the North American session, NZD/USD is trading at 0.6886, up 0.56% on the day. The currency is on a tear, rising Read more…
Cryptocurrencies
Ford Stock Gains On Tesla Cybertruck Delay Report, Deutsche Bank Price Target Boost
Ford, and it’s larger rival GM, could see gains from a report that suggests Tesla’s much-hyped Cybertruck may not be ready for production this year. Updated at 9:50 am EST. Ford Motor Co (F) – Read more…
Cryptocurrencies
Virgin Galactic Plans to Go Deeper into… Debt
Virgin Galactic is going where other borrowers have indeed gone before, with plans to raise up to $500 million in debt to continue its efforts to take tourists into space. One might call it a Read more…
Cryptocurrencies
Twitter No Longer Blocked in Nigeria After Making Concessions
Nigeria had blocked Twitter for 222 days after the microblogging network deleted a tweet by the country’s president. Nigerians can tweet again without fear of repercussions. The Nigerian government on Jan. 13 lifted the ban Read more…
Cryptocurrencies
GBP/USD Mid-Day Outlook
Daily Pivots: (S1) 1.3646; (P) 1.3680; (R1) 1.3737; More… GBP/USD’s rise from 1.3158 is in progress and hits as high as 1.3746 so far. Intraday bias remains on the upside for 1.3833 resistance first. As Read more…
Cryptocurrencies
No End in Sight For Dollar’s Fall Despite Hawkish Fedspeaks
Dollar remains overwhelmingly the worst performer today, as selloff extends. There is little support from hawkish Fedspeaks, with some officials expressing openness to four rate hikes this year. Commodity currencies continue to be the biggest Read more…
Cryptocurrencies
Will Elizabeth Holmes Saga Change Silicon Valley?
That’s unlikely for a culture built on the ideas of think huge, break things, and fake it ‘til you make it. But Holmes may well see jail time. As the world (well at least some Read more…
Cryptocurrencies
AMC CEO Adam Aron Sells More Stock, Says He’s Done
Aron sold another $7.1 million worth of shares, bringing the total he’s dumped to $40 million over the past three months. AMC Entertainment (AMC) – Get AMC Entertainment Holdings, Inc. Class A Report head Adam Aron Read more…
Cryptocurrencies
US PPI rose 0.2% mom, 9.7% yoy in Dec
US PPI for final demand rose 0.2% mom in December, below expectation of 0.4% mom. Over the year, PPI accelerated to 9.7% yoy, up from 9.6% yoy, below expectation of 9.8% yoy. PPI core rose Read more…
Cryptocurrencies
US initial jobless claims rose to 239k, continuing claims dropped to 1.56m
US initial jobless claims rose 23k to 230k in the week ending January 8, above expectation of 213k. Four-week moving average rose 6k to 211k. Continuing claims dropped -194k to 1559k in the week ending Read more…