Norfolk donates $300K to East Palestine schools, $825K to the fire department
Norfolk Southern Corp. (NSC, +0.84%) announced on Friday that it will be making an initial donation of $300,000 to the East Palestine City School District in Ohio to support activities and “long-term contingency planning” regarding the impacts of the train derailment. The company also said that it will be following this initial donation with further […]
SQ stock pops 8% despite mixed quarter
Block (SQ) stock surged 8% in Friday’s premarket as the market reacted to the payments firm’s mixed results for the fourth quarter. The company formerly known as Square, and still headed by Twitter founder Jack Dorsey, reported adjusted earnings per share (EPS) of $0.22 on revenue of $4.65 billion. Wall Street had expected adjusted EPS […]
Bitcoin price continues to fall, but derivatives data hints at a short-term rally to $25K
Bitcoin has been on a wild ride this year, with the price closing out 2022 at $16,529, and a 45.5% year-to-date gain. This increase in value is largely attributed to the United States Federal Reserve’s inability to curb inflation while raising interest rates to its highest level in 15 years. This has caused an increase […]
Shares of car-wash chain Mister Car Wash sink as full-year outlook comes up short
Shares of car-wash chain Mister Car Wash (MCW) rose by 2.10% during the trading day on Thursday, but fell by 4.1% after hours when the company released their full-year outlook which was below market expectations. The chain, which operates more than 425 car washes in the United States, forecasted net sales of between $925 million […]
Forecasts from eight major banks, meaningful acceleration
The Core Personal Consumption Expenditures Price Index (Core PCE) is a key indicator of inflation in the United States and will be released on Friday, February 24 at 13:30 GMT. In the lead up to the release, economists and researchers from eight major banks have provided their forecasts for the Core PCE. The US PCE […]
Layer-2 Base Integration On Coinbase Was Recently Disclosed By The Pyth Network
The Oracle project Pyth Network has recently announced its integration with Base, a layer-2 solution on Ethereum that Coinbase has just made the announcement about. This integration is a huge step forward for the DeFi community, as it will allow developers to access 200 Pyth grade pricing feeds through the Base Testnet network. The integration […]
Adobe stock drops on report DoJ will seek to block Figma deal
Adobe Inc. (ADBE) shares dropped in the extended session Thursday following a report that the Department of Justice (DOJ) was preparing to block the company’s $20 billion acquisition of Figma. Adobe shares fell more than 5% after hours, adding to a 0.5% regular session decline to close at $347.02. The stock started sliding after hours […]
Markets remain choppy ahead of key US data releases
The US dollar managed to remain resilient against its major counterparts on Thursday, but it appears to have lost its bullish momentum on Friday. Market participants will be closely watching the US Bureau of Economic Analysis’ (BEA) Personal Consumption Expenditures (PCE) Price Index data, the US Federal Reserve’s preferred gauge of inflation, alongside Personal Spending […]
Nektar stock drops more than 30% after study involving lupus treatment will not go forward
Shares of Nektar Therapeutics (NKTR) plummeted more than 30% in after-hours trading on Thursday, following the biopharma company’s announcement that a study had failed to meet its goals and that partner Eli Lilly & Co. (LLY) had decided not to proceed with a Phase 3 development of the investigational treatment known as REZPEG. The study […]
#CryptoLover Activity Has Now Concluded
Fellow Binancians, We are delighted to announce that the #CryptoLover Activity has now concluded. All the participants should have received an email from us with a unique Binance Gift Card redemption code. The users can claim the Gift Card rewards on the Binance App or website. To redeem the Gift Card on the Binance App, […]