Roivant’s stock rallies on new data for dermatitis drug
Roivant Sciences Ltd.’s share prices rose to approximately 6% after the company announced the success of its Phase 3 clinical trial for its experimental atopic dermatitis treatment. This cream, called Vtama, is being tested for its effectiveness in treating this disorder in both adults and children who are over 2 years old. The company stated […]
Paxful Founder Says The Bitcoin Pump To $26,000 Is Weak
Paxful Founder Says The Bitcoin Pump To $26,000 Is Weak Despite the banking crisis in the United States and the latest inflation data, Bitcoin surged this week, reaching a nine-month high above $26,000. However, Paxful founder, Ray Youssef, remains doubtful of the uptrend. In a tweet on March 15, he said the recent BTC leg […]
Oatly stock soars after revenue rises above expectations, $425 million in financing secured
Oatly Group AB OTLY has reported a better-than-expected fourth-quarter revenue, providing an optimistic outlook for its margins. In addition, the Sweden-based oat-based drink company confirmed that it has entered into transactions for $425 million in financing, both of which have helped bolster investor confidence. In pre-market trading on Wednesday, the U.S.-listed shares of Oatly Group […]
A move all the way to the 0.9411 lows is on the cards – Credit Suisse
EUR/CHF Breaks Key Support at 0.9837/16, Credit Suisse Analysts Warn of Substantial Drop to 0.9411 Lows The euro-to-Swiss franc (EUR/CHF) currency pair has been experiencing significant volatility lately. According to the latest report from Credit Suisse, EUR/CHF has broken a key support level at 0.9837/16. Analysts warn that the pair could suffer a substantial drop […]
Government bonds held at banks may be so-called ‘toxic asset’ of next financial crisis, fund manager says
The sudden collapse of two regional banks in less than a week has reignited fears of a financial crisis in the United States. If this risk materializes, government bonds could become the “toxic asset” at the center of the crisis. European investment manager Eric Sturdza Investments, which manages $1.3 billion across eight funds, is predicting […]
Dogecoin (DOGE) Bulls Set to Take Control After Big Slump
Dogecoin (DOGE) Bulls Could Take Control After Recent Slump Dogecoin (DOGE) had a difficult month, losing around 25% of its value in February. Nevertheless, the DOGE community is hopeful for a rebound, as network activity has been showing some promising signs. The question is whether these developments are enough to spur bullish sentiment and potentially […]
EUR/USD could head up to the 1.08 area should equities settle down a little – ING
EUR/USD Reaches New Highs, Could Test 1.08 Level The fluctuating world of currency exchange continues as the EUR/USD pair reaches a fresh multi-week high of 1.0760. This is thanks to the euro gaining strength against the weakened US dollar. While the world economy is still recovering from the effects of the COVID-19 pandemic, the pairing […]
SEC penalizes DXC Technology following accusations of ‘misleading’ disclosures
IT services provider DXC Technology Co. has agreed to pay an $8 million penalty for making misleading disclosures related to its financials from 2018 to 2020. In addition to the penalty, the company has promised to improve its financial reporting protocols in a settlement with the Securities and Exchange Commission (SEC). While DXC has neither […]
Binance Options Will Launch BTCUSDT and ETHUSDT Quarterly Options
Binance, one of the world’s leading cryptocurrency exchanges, has announced the launch of BTCUSDT and ETHUSDT Quarterly Options. The new options contracts will be European-style and will expire on June 30, 2023. The launch is scheduled for March 16, 2023, at 08:00 (UTC). According to the official statement released by Binance, the new Quarterly Options […]
There was debate on svb collapse mainly around impact on global markets
Bank of Japan Governor Haruhiko Kuroda recently attended the Bank for International Settlements (BIS) meeting. During the meeting, a discussion was held on the collapse of SVB and its impact on global markets. Kuroda stated that officials at the BIS meeting were relieved to see swift action taken by US authorities to contain the damage […]