BHP breakout, 50-MA support, and strong fundamentals pushing price to $62?
Shares of BHP Group Limited (LON:BHP) traded up 4% on Tuesday after strong FY22 results. That was after the net profit rose 173% to close the year at $30.9 billion. The underlying attributable profit of the company was $23.8 billion,
Canadian firm writes off $150M Celsius bet
Caisse de Depot et Placement du Québec (CDPQ), one of the largest pension fund managers in Canada, has reportedly written off the $150 million investment it put in bankrupt crypto lender Celsius Network. In a press release on Wednesday, CDPQ acknowledged
Genesis CEO steps down as crypto broker slashes workforce
Genesis CEO Michael Moro has stepped down, with Chief Operating Officer Derar Islim elevated to interim Chief Executive Officer, the New York-based crypto broker announced on Wednesday. The company says it has commenced efforts to bring on board a full-time replacement. Genesis’
U.K. inflation tops 10%: ‘the worst is yet to come’
The blue-chip FTSE 100 index is in the red on Wednesday after the U.K. Office for National Statistics said inflation climbed significantly to a new forty-year high of 10.1% in July. Vanguard economist reacts to the CPI print In comparison, the Reuters
Target stock is a ‘buy’ after lower-than-expected Q2 profit: Analyst
Target Corporation (NYSE: TGT) is in the red on Wednesday after the retail behemoth reported lower-than-expected profit for its fiscal second quarter. Should you buy Target stock after Q2 results? Target says its gross margin contracted from 30.4% to 21.5% this quarter
Will FOMC minutes give the crypto market a boost? Expert’s view
Bitcoin (BTC/USD) has retreated from recently hit two-month highs above $25,000 to currently test support near $23,300, with intraday losses of about 2%. As the bellwether crypto pares recent gains, the outlook across risk asset markets paints a similar picture. The
Cineworld share price has had a remarkable collapse. Buy the dip?
Cineworld (LON: CINE) share price crashed by more than 50% on Wednesday as the company warned about its future. The stock retreated to a low of 9.65p, which was the lowest level on record. It has dropped by more than