Author: FX
wutwhanfoto Video game and NFT marketer Ultimax Digital (NFTX) has updated terms for a proposed $18M initial public offering, of which half the shares would be offered by certain stockholders. Ultimax said in a filing that it is now looking to offer 1.9M shares priced between $4 and $5, which would raised the company around $9M if priced at the midpoint. Selling shareholders would likewise offer 1.9M shares at the same price. Underwriters would be granted a 45-day option to buy up to 281K additional shares at the IPO price. WestPark Capital is serving as lead bookrunner. The tech company…
© Reuters. (Reuters) -A safety monitoring system flagged that U.S. drugmaker Pfizer Inc (NYSE:) and German partner BioNTech’s updated COVID-19 shot could be linked to a type of brain stroke in older adults, according to preliminary data analyzed by U.S. health authorities. The U.S. Centers for Disease Control and Prevention (CDC) and the Food and Drug Administration (FDA) said on Friday that a CDC vaccine database had uncovered a possible safety issue in which people 65 and older were more likely to have an ischemic stroke 21 days after receiving the Pfizer/BioNTech bivalent shot, compared with days 22-44. An ischemic…
USD/CAD finished Friday’s session with gains, though it faltered to clear 1.3400. USD/CAD Price Analysis: Exposed to selling pressure below 1.3400. The USD/CAD prolonged its weekly losses and tumbled for the fourth consecutive week, losing 0.36%, but on the day, the USD/CAD is up 0.22%. After the University of Michigan (UoM) Consumer Sentiment release showed that sentiment improved, it weighed on the US Dollar (USD). Therefore, the USD/CAD is trading at 1.3393, below its opening price by 0.37%. USD/CAD Price Analysis: Technical outlook Once the USD/CAD dropped below the 100-day Exponential Moving Average (EMA) at 1.3425, it was the seller’s…
NZD/USD finished the week with solid gains of 0.6700%, spurred by softer US CPI data. Consumer inflation expectations in the US edged lower and weighed on the US Dollar. NZD/USD Technical Analysis: Failure at 0.6400, cheered by sellers, eyeing a fall to 0.6300. The NZD/USD retraced after testing the current week’s high of 0.6417, dropped beneath the 0.6400 mark, as the pair consolidated in the 0.6300-0.6420 range during the last week’s. Positive US consumer sentiment readings proved to be harmful to the American Dollar (USD), which will end the week on a lower note. At the time of writing, the…
The ghost of 2022 is behind us in the stock market as the major indices closed higher for the 2nd consecutive week to start the new year. The gains have been led by the Nasdaq which rose by an oversized 4.82% this week (largest 1 week gain since November 7 week), after rising by near 1% last week. The Nasdaq closed above its 100 day MA at 11057.78 with a close for the day and week at 11079.17. That is the first close above that MA going back to September 12, 2022.The S&P index closed the week up 2.67% and…
The New York Stock Exchange is closed on Monday for the MLK holiday. The CME and CBOT are also closed and SIFMA recommends a holiday in the bond market.CME Globex trading will continue as normal — so futures are open — but will close early at 1 pm ET (1800 GMT) and then reopen at 6 pm ET (2300 GMT).The FX market is open as always but liquidity will be thinned, particularly after Europe heads out.ADVERTISEMENT – CONTINUE READING BELOW Source link
Tough week for U.S. dollar bulls as traders correctly anticipated a slowdown in U.S. inflation data and begin to price in the potential for the current aggressive interest rate hiking cycle in the U.S. to peak. Notable News & Economic Updates: China’s central bank will assist private firms and ease tech company crackdowns to boost the economy. State media quoted PBC Communist party leader Guo Shuqing this past weekend. In his speech on Tuesday, Federal Reserve Chairman Jerome Powell stressed the significance of the central bank’s independence from political influence as it deals with stubbornly high inflation. He acknowledged that…
<p>S&P 500 futures fell by as many as 40 points in the premarket but the bulls steadied the ship and have slowly turned it around. The index is now up 15 points to a session high of 4018.</p><p>There's a year-long downtrend in the index that could soon be threatened.</p> This article was written by Adam Button at www.forexlive.com. Source link
Some of the key earnings releases scheduled for next week:Tuesday January 17Morgan StanleyGoldman SachsInteractive BrokersUnites AirlinesWednesday, January 18Charles SchwabPNC FinancialKinder MorganDiscoverJB HuntAlcoaThursday, January 19Proctor and GambleNetflixPPG IndustriesAmerican AirlinesComericaKimberly ClarkFriday, January 20Other key earnings ahead:Tuesday, January 24MicrosoftJ&JVerizonRaytheonLockheed MartinGeneral Electric3MTravelersWednesday, January 25TeslaAT&TIBMBoeingServiceNowGeneral DynamicsHessThursday, January 26McDonald’sComcastIntelIntuitive SurgicalFreeport McMoranDowSouthwest airlinesUS SteelTuesday, January 31AlphabetExxon MobilPfizerCaterpillarAMDStrykerGeneral MotorsWednesday, February 1Meta-PlatformsAlibabaPayPal holdingsBoston ScientificThursday, February 2AppleAmazonVisaMasterCardMerck and CompanyBristol-Myers SquibbConocoPhillipsHoneywellAmgenQualcommStarbucksFord MotorMotorolaADVERTISEMENT – CONTINUE READING BELOW Source link
Massimo Giachetti/iStock Editorial via Getty Images Activist hedge fund Trian Fund Management said on Friday it had received “numerous inquiries and expressions of support” from other Walt Disney (NYSE:DIS) shareholders as the Nelson Peltz-led fund tries to boost Disney’s performance and share price. “As a large shareholder of Disney we are interested in the long-term success of the Company and are excited about the opportunity to represent the interests of all shareholders in the boardroom,” Trian said in the filing. “We are confident that Nelson’s significant experience and long track record of driving sustainable long-term shareholder value would make him…