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Adyen: overpriced and now overstaffed

Star European fintech giant Adyen is in the doldrums this week, with something in the range of €20 billion (£17 billion) wiped from its share price...

August 18, 2023, 7:40 am

Peloton's bid to stay alive

Peloton Interactive Inc. (NASDAQ: PTON), the exercise equipment company, has come up with one more scheme to keep itself afloat, another in a line of ...

August 18, 2023, 7:30 am

Dollar gained some ground but failed to really gain momentum

Markets Both the US 10-yr and 30-yr yield tested the autumn 2022 cycle high yesterday, respectively at 4.34% and 4.42% and matching highest levels in ...

August 18, 2023, 6:45 am

Eur/usd price forecast: selling pressure remains below the 100-day ma

EUR/USD failed to hold onto early session gains surrendering the 1.0900 handle for a third successive d...

August 17, 2023, 4:32 pm

Core lithium gets notice from tesla over failed deal

Core Lithium has received a notice from electric-vehicle maker Tesla over a 2022 supply agreement that failed ...

August 17, 2023, 12:35 pm

Why is hawaiian electric (he) stock down 17% today?

Hawaiian Electric (NYSE: HE ) stock is falling on Thursday as a new lawsuit alleges mismanagement prior to the deadly Maui wildfires. According to thi...

August 17, 2023, 10:08 am

Eur/usd loses momentum below the 1.0870 area, a multi-week low ahead of us initial jobless claims

EUR/USD pair extends its loss below the 1.0870 level, a multi-week low. Stronger-than-expected Eurozone data f...

August 17, 2023, 4:44 am

$5bn acquisition of israeli chip manufacturer by intel has been called off, china said no

AP with this report on a deal between a US and Israeli firm scuttled by China. A $5.4 billion acquisition of Israeli chip manufacturer by Intel has be...

August 17, 2023, 3:33 am

Gbp/usd holds its strengths despite hawkish fomc minutes

After the release of July’s Federal Open Market Committee (FOMC) minutes, the GBP/USD saw little change. Despite members sounding hawkish, if ...

August 16, 2023, 6:44 pm

Intel terminates $5.4 billion deal to buy tower semiconductor

Intel called off a $5.4 billion deal to purchase Tower Semiconductor after it failed to secure timely r...

August 16, 2023, 12:10 pm

Why is impel pharmaceuticals (impl) stock down 35% today?

Impel Pharmaceuticals (NASDAQ: IMPL ) stock is falling on Wednesday after the biopharmaceutical company faile...

August 16, 2023, 8:50 am

Wti crude oil technical analysis - the fakeout might be a big bearish signal

Crude Oil has been rallying strongly in the past couple of months as the prospects of more economic stimulus from China, the resilience of other advan...

August 16, 2023, 8:13 am

Intel scraps $5.4 billion acquisition of tower semiconductor after regulators fail to approve deal

Intel first announced plans to buy Tower Semiconductor in 2022 for $5.4 billion, but is now terminating the deal saying it ...

August 16, 2023, 4:22 am

Eur/usd forecast: continued bearish pressure persists amid dollar strength

The EUR/USD remains below key SMAs, indicating a bearish bias. The EUR/USD peaked on Tuesday at 1.0951 but fai...

August 15, 2023, 9:29 pm

Aud/usd forecast: aussie rejected from above 0.6500, bearish risks prevail

The AUD/USD is consolidating within a range between 0.6500 and 0.6450, with downside risks prevailing. The AUD/USD ...

August 15, 2023, 7:14 pm

Prime trust unravels: files for bankruptcy after acquisition intent fails

The Las Vegas-based cryptocurrency custodian Prime Trust has filed for Chapter 11 bankruptcy protection. This marks the latest setback for the financi...

August 15, 2023, 6:13 pm

Paysafe's $402 million q2 revenue drives shares to quarterly peak

Although the Wall Street publicly listed payment company Paysafe (NYSE: PSFE) once again failed to surp...

August 15, 2023, 2:27 pm

Eur/usd forecast: upbeat us retail sales failed to boost the mood

Meanwhile, government bonds decrease, pushing yields sharply higher. The yield on the 10-year United States (US) Treasury note reached a multi-month h...

August 15, 2023, 12:59 pm

Galecto shares drop 65% as biotech halts development of lung-disease treatment

Shares of Galecto Inc. GLTO dropped 65% in premarket trading Tuesday after the biotech company said it would drop an investigational treatment for idi...

August 15, 2023, 8:39 am

Galecto to discontinue development of lung disease treatment

Drug developer Galecto said on Tuesday it will discontinue development of its lung disease treatment after it ...

August 15, 2023, 7:55 am


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