Bulls target a breach into clear skies to 105.35/ 106.00
The US Dollar has been taken back into the control of the bulls as the US Dollar index (DXY) has resurged in confluence to the persistent inflationary theme. Data over the last several days has turned the screw and flipped the script with regard to the timings of a Federal Reserve pivot, resulting in higher […]
Nordson stock sinks to pace the S&P 500’s losers, after earnings miss, guidance cuts
Shares of Nordson Corporation (NDSN) plummeted 13.54% to a four-month low in afternoon trading on Tuesday, after the company reported disappointing fiscal first-quarter results. The maker of products and systems used for adhesives, coatings and sealants missed earnings and sales expectations, and cut its full-year outlook. This was enough to make it the biggest decliner […]
Coinbase inches higher ahead of earnings as Silvergate slips after downgrade
Rewrite and expand this content to 800 words Finance Coinbase climbed higher shortly after the open today, while Silvergate and other crypto-related stocks dipped. Shares in the crypto exchange traded up by 1% to about $66 by 10:45 a.m. EST, according to Nasdaq data. Coinbase is set to deliver earnings after the close today, with […]
Adidas long- and short-term credit ratings downgraded by S&P on concerns after Yeezy partnership ended
On Tuesday, S&P Global Ratings downgraded its long- and short-term ratings on Adidas AG (ADS, ADS1, ADDYY) to A+/A-1 from A-/A-2. This downgrade was due to deteriorating credit metrics caused by the termination of Adidas’ partnership with Kanye West’s Yeezy. The outlook is negative, meaning the credit agency may downgrade again in the medium term. […]
EUR/USD losses traction and falls toward 1.0660s post-US PMIs, ahead of FOMC’s minutes
The EUR/USD currency pair dropped steadily as traders wait for the minutes from the Federal Open Market Committee (FOMC) meeting. The US S&P Global PMI for February showed the economy’s resilience, except for the manufacturing activity. This news provided support for the US Dollar (USD), which in turn weighed on the EUR/USD. At the time […]
WHO says independent panel of experts is evaluating evidence on new COVID variants to determine whether vaccines need to be updated
The World Health Organization (WHO) said Tuesday that its expert panel on COVID vaccine composition is currently evaluating evidence on new variants of the virus to determine if vaccines need to be updated. In a commentary published in Nature Medicine journal, members of the WHO’s Technical Advisory Group on COVID-19 Vaccine Composition (TAG-CO-VAC), an independent […]
Kaito AI raises $5.3 million to build ChatGPT-powered search engine for crypto
As investors look to diversify their portfolios away from crypto and into AI, one investment firm is taking a different approach. Dragonfly Capital is leading Kaito AI’s $5.3 million raise to build an AI-powered search engine for the crypto industry. The product has been in private beta with institutional investors since December and the investment […]
Failure to hold 18.30 to open up decline towards 17.90/17.60 – SocGen
The Mexican Peso is one of the best-performing EM currencies in the world, with a gain of nearly 6% YTD. This impressive performance has caused analysts at Société Générale to ponder the possibility of a move below 18.00 in the USD/MXN pair. The USD/MXN pair has been on an upward trend since the start of […]
Canopy Growth announces agreement with institutional investor to purchase up to $150 million of convertible bonds
Canopy Growth Corp. (CGC, WEED), a Canadian cannabis company, announced on Tuesday an agreement with an institutional investor to purchase up to $150 million of senior unsecured convertible bonds. Under the terms of the deal, the investor has purchased an initial $100 million of the bonds and will purchase the remaining $50 million once certain […]
South African Startup Momint Seeks to Boost Electricity Generation Using Blockchain-Based Solution
South African startup Momint has recently announced the launch of Suncash, an initiative that seeks to ease the country’s power generation challenges by utilizing a blockchain-based solution. The initiative involves investors buying non-fungible tokens (NFTs) linked to solar cells, which are then leased to institutions such as schools and hospitals. The minimum purchase price for […]