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Canopy Growth Just Proposed Stock Sale

Canopy Growth Just Proposed Stock Sale

Image Source: Unsplash Canopy Growth Corp (Nasdaq: CGC) says it has established an “at-the-market equity program”. Shares of the cannabis firm are in the red at writing.  Canopy Growth may sell up to $250 million of it stock The program will enable CGC to raise up to $250 million through selling its stock in the United States and […]
Cardano Slips To $0.458 Amid Market Gains

Cardano Slips To $0.458 Amid Market Gains

Photo by Executium on Unsplash In the last 24 hours, the cryptocurrency market has witnessed a resurgence of bullish momentum. Bitcoin, the market leader, revisited the $71,000 threshold, sparking optimism across the sector. Close competitors, such as BNB, capitalised on this momentum, with BNB breaking its 2021 all-time high and setting a new peak at $712. However, not all […]
Robinhood To Acquire Crypto Exchange Bitstamp In $200 Million Deal

Robinhood To Acquire Crypto Exchange Bitstamp In $200 Million Deal

Image courtesy of 123rf.com Robinhood Markets (Nasdaq: HOOD), a prominent player in the retail trading space, has announced its largest acquisition to date with the agreement to purchase cryptocurrency exchange Bitstamp for approximately $200 million in cash. The deal, expected to close in the first half of 2025, marks a significant step in Robinhood’s strategy to expand its […]
Q1 2024 U.S. Retail Scorecard – Thursday, June 6

Q1 2024 U.S. Retail Scorecard – Thursday, June 6

 Image Source: Unsplash  To date, 191 of the 201 companies in our Retail/Restaurant Index have reported their EPS results for Q1 2024, representing 95% of the index. Of those companies that have reported their quarterly results, 73% announced profits that beat analysts’ expectations, while 1% delivered on-target results and 26% reported earnings that fell below estimates. […]
Elliott Wave Technical Analysis: U.S. Dollar/Swiss Franc – Thursday, June 6

Elliott Wave Technical Analysis: U.S. Dollar/Swiss Franc – Thursday, June 6

USDCHF Elliott Wave Analysis Trading Lounge Day Chart,U.S.Dollar/Swiss Franc (USDCHF) Day ChartUSDCHF Elliott Wave Technical AnalysisFUNCTION: TrendMODE: impulsiveSTRUCTURE:orange wave 1POSITION:navy blue wave 3DIRECTION NEXT HIGHER  DEGREES: orange wave 2DETAILS:orange wave 1 of navy blue wave 3 still is in play.Wave Cancel invalid level: 0.91593The USDCHF Elliott Wave Analysis on the daily chart provides a detailed view of the U.S. Dollar/Swiss […]
Bitcoin To $150K If Trump Wins The U.S Election – Standard Chartered

Bitcoin To $150K If Trump Wins The U.S Election – Standard Chartered

Geoff Kendrick, a Standard Chartered analyst, expects Bitcoin to hit $100,000 ahead of the U.S. Presidential elections and then $150,000 by year-end if Trump wins. He further stated that if Friday’s U.S. Non-Farm Payrolls data is favorable, Bitcoin’s price could reach a fresh all-time high over the weekend, paving the way for $80,000 by the […]
Base meme coins record double-digit gains and top other crypto sectors

Base meme coins record double-digit gains and top other crypto sectors

Meme coins deployed on Base rose by 13% over the past 24 hours and are the crypto sector with the highest price leap in this period, according to data aggregator CoinGecko. This is also the sector with the best performance over the past seven days, posting an upside of nearly 52%.The Degen POV (POV) token […]
Asia Week Ahead: India And China To Report Inflation While The BoJ Decides On Policy

Asia Week Ahead: India And China To Report Inflation While The BoJ Decides On Policy

Image Source: Pixabay  Next week features inflation reports from China and India plus central bank meetings in Japan and Taiwan. Also on the data calendar is Australia’s unemployment, which could see a slight uptick.  India’s inflation to stay flatAs well as following the fallout from the recent Indian elections, where the next few weeks could see horse-trading […]
Is There A Financial Crisis Bubbling Under The Surface?

Is There A Financial Crisis Bubbling Under The Surface?

By Mike Maharrey, Money Metals ExchangeWhen the Federal Reserve started raising rates, it precipitated a financial crisis. The central bank managed to paper over the problem with a bailout program, but the crisis continues to bubble and percolate under the surface.According to the latest data from the FDIC, the U.S. banking system is sitting on […]
Is The US Bond Market Poised For Recovery?

Is The US Bond Market Poised For Recovery?

The sharp drop in Treasury yields in recent days has revived chatter that the worst for the bond market may be over. It’s still early to confidently forecast that scenario, but the odds for recovery are looking better these days after a two-year bear market for much of the asset class following the start of […]