Coinbase Vs. SEC: What IS A Crypto Security?
As if the current legal problem Coinbase Global (Nasdaq: COIN) has is not enough, the crypto exchange platform is facing another hurdle in the form of the Securities and Exchange Commission. The regulatory body is reportedly looking into the firm on whether the assets listed on its exchange are actually securities and therefore, should be under the […]
US Consumer Confidence Dips for Third Straight Month as Inflation Intensifies
Consumer sentiment is on a downward slide once again, as Americans’ views on the US economy turn bleak amid surging inflation and rising interest rates. The latest Consumer Confidence Index print from the Conference Board fell 2.7 points from a downwardly revised 98.4 in June to 95.7 in July. Last month’s reading was the lowest […]
Canadian Copper Begins Trading On The CSE
Canadian Copper (CSE: CCI) became the latest issue to hit the Canadian Securities Exchange, experiencing its first day of trading today. The firm is primarily focused on the Bathurst Mining Camp, located in New Brunswick, Canada. While the company currently have five projects under option in the Bathurst Camp, its flagship property is referred to […]
US Home-Sellers Forced to Drop Prices as Real Estate Market Loses Steam
Home-sellers across the metro US are slashing their asking price, as the Fed’s panicked tightening cycle sends shivers across US metro real estate markets. Data compiled by Redfin shows that home owners are substantially reducing their asking prices, indicative of a broader real estate market that is losing steam from historically elevated demand brought on […]
BMO Lowers Microsoft’s Price Target Due To US Dollar Strength
As earnings season is fast approaching, analysts are coming out with their previews, and one common theme amongst the previews is that large multi-national companies will see a material hit to their revenues due to the strength of the U.S Dollar. The U.S dollar, measured by the U.S Dollar Currency Index DXY, is up 11% […]
Gazprom Slashes Nord Stream 1 Capacity to 20% Amid Ongoing Equipment Repairs
Gazprom has cut back natural gas flows to Europe by another 20%, citing further repairs to the Nord Stream 1 pipeline. The Russian-owned energy company announced on Monday it would slash daily natural gas capacity en route to Germany to a mere 33 million cubic meters come Wednesday, citing necessary repairs to a second turbine. […]
Inflation Bites: Walmart Falls 9% After Cutting Earnings Outlook By 13%
Weeks ahead of its Q2 earnings release, Walmart Inc. (NYSE: WMT) announced a huge cut on its earnings guidance, proving yet another windfall of the rising commodities prices. The retail giant is slashing its adjusted earnings per share by 11% – 13% in the current fiscal year and 8% – 9% for the second quarter. […]
Germany Mulls Extending Lifespan of Nuclear Power Plants as EU Energy Crisis Worsens
It appears that Germany may soon be forced to do a sheepish 180-degree U-turn on its green energy policy, and extend the lifespan of its remaining nuclear power plants in an effort to avert a full-blown energy crisis in the region. German Chancellor Olaf Scholz signalled he is open to extending the lifespan of the […]
Microsoft: Analysts Anticipate Q4 Earnings Per Share Of $2.29
Microsoft (NASDAQ: MSFT) will be reporting its fiscal fourth quarter financials today after markets close. Analysts have a consensus $344 12-month price target on the company, via a total of 52 analysts, with 19 analysts having strong buy ratings. 30 analysts meanwhile have buy ratings and three analysts have hold ratings. The street high sits […]
Wheat Prices Down To Pre Russia-Ukraine War Levels But Still Volatile Due To Unrest
Wheat and corn prices have dramatically dropped around 30-40% from its highest levels this year, hitting even below the prices before the onset of the Russia-Ukraine war. But recent developments in the unrest within the region still prove to be affecting the stability of the crop prices. Wheat futures in Chicago Board of Trade soared […]