New Home Sales rise by 7.2% in January vs 2.5% expected
The US housing market got a boost at the start of 2021 after the latest figures showed that new home sales in the US rose at a stronger pace than expected in January. The US Census Bureau and the Department of Housing and Urban Development released the data on Friday, which showed that sales of […]
Cardano (ADA) Founder Provides Update on Coindesk Acquisition Talks
Charles Hoskinson, the founder of Cardano (ADA), recently provided an update on talks surrounding the potential acquisition of Coindesk, the largest cryptocurrency news website. During his most recent ask-me-anything (AMA) session on YouTube, Hoskinson said that he had signed a non-disclosure agreement (NDA) and could not reveal details about where the discussions stand as of […]
Cinemark stock drops after swinging to wider-than-expected loss, while revenue beat forecasts
Shares of Cinemark Holdings Inc. (CNK) dropped by 3.7% in premarket trading on Friday, following the release of the movie theater operator’s fourth-quarter results, which revealed wider-than-expected losses, even though revenue beat forecasts. The company reported a net loss of $99.3 million, or 82 cents per share, compared to the prior year’s net income of […]
IMF Released a Board Paper With a Framework for Crypto Assets
The International Monetary Fund (IMF) recently released a board paper that provides guidance to IMF member countries on major elements of an appropriate policy response to crypto assets. This paper, titled Elements of Effective Policies for Crypto Assets, was discussed by the Executive Board of the IMF on February 8th, 2023. The paper was written […]
Merck and Ridgeback Biotherapeutics to appeal advisory panel to EU regulator’s decision to recommend refusing authorization of their COVID antiviral
Merck & Co. Inc. (MRK) and privately held Ridgeback Biotherapeutics announced on Friday that a panel advising the European regulator had recommended refusing the marketing authorization for their jointly developed COVID antiviral for the treatment of certain adults. The companies said they would appeal the decision and request a review of the opinion, which was […]
European Monetary Union CFTC EUR NC Net Positions climbed from previous €134.3K to €150.5K
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Cingulate stock skyrockets after ADHD treatment shows positive trial results
Shares of Cingulate Inc. (CING) skyrocketed 82.9% toward an 11-month high in active premarket trading Friday, after the biopharmaceutical company reported positive results from a trial of its attention deficit/hyperactivity disorder (ADHD) treatment. With trading volume spiking to over 3.2 million shares, compared with the full-day average of about 112,400 shares, the stock was the […]
FTX Japan Sees Users Transfer $50m in Funds to Liquid Global
FTX, a cryptocurrency trading platform, has seen thousands of users at its Japanese sister company, Liquid Global, withdraw funds since Tuesday. On Wednesday, the subsidiary firm announced that its crypto holders and investors withdrew nearly 6.6 billion Japanese Yen, or $50 million USD. The withdrawal was composed of both fiat and crypto tokens, with 7,026 […]
Australia CFTC AUD NC Net Positions: $-30.6K vs $-33.2K
Australia is one of the most important countries in the world when it comes to foreign exchange trading. The Australian dollar (AUD) is the sixth most traded currency in the world and the third most traded currency in the Asia-Pacific region, making it an important part of the global financial system. As such, the Australian […]
Sellas Lift Sciences stock plunges to pace premarket decliners after stock, warrants offering
Shares of Sellas Life Sciences Group Inc. (SLS) plunged 36.9% toward a two-month low in premarket trading Friday, after the biopharmaceutical company focused on cancer treatments announced the launch of a public offering of common stock and warrants to buy stock. The selloff was enough to make the stock the leading premarket decliner on major […]