The cryptocurrency market received moderate support from retail buyers over the weekend. Over the past 24 hours, the capitalisation of all coins rose 0.22%, according to CoinMarketCap, approaching $1.97 trillion. The top altcoins lost 11-19% Read more…
Lululemon said staff shortages and reduced store hours would likely drag fourth quarter profits to the lower end of its previously-published guidance. Lululemon Athletica (LULU) – Get Lululemon Athletica Inc Report shares slumped lower Monday after the Read more…
Ford is warning it will literally pull the plug on any dealer that tries to cut a side-deal and take extra cash for the new Lightening F-150 all-electric pickup. Don’t even think about it, or Read more…
Part I: Are Cryptocurrencies Really “Money”? Summary The form that money takes has evolved over the centuries. Most recently, fiat money and bank deposits replaced gold and other precious metals as the predominant form of Read more…
Boston-based Beam Therapeutics has agreed to a potential $1.35 billion drug development deal with pharma giant Pfizer. Pfizer Inc. (PFE) – Get Pfizer Inc. Report said Monday it has formed a research collaboration with Beam Therapeutics Read more…
Stock futures mixed as Treasury bond yields extend march; Wall Street braces for busy week with inflation, bonds and Fed testimony in focus; Reddit preps for $15 billion IPO; Bitcoin holds near September lows and Read more…
The Euro dips in European trading on Monday after last Friday’s post-NFP advance faced strong headwinds at the base of thick falling daily cloud (1.1361). Extended consolidation of a larger downtrend from 2021 high (1.2349) Read more…
Traders bet on faster Fed rate increases after solid jobs report Yields spike higher but the dollar cannot capitalize – euro flows? Stock markets take another hit as valuation rotation continues Hot labor market The Read more…
The Aussie Dollar started a fresh decline from well above 0.7250 against the US Dollar. The AUD/USD pair traded below the 0.7220 support to move into a bearish zone. The pair even traded below the Read more…
EURGBP came under pressure during December, crossing below its 50- and 200-day simple moving average (SMA). Moreover, the pair has marked yet more lower lows, reinforcing its overall bearish outlook. Short-term momentum indicators are supporting Read more…