Russia-based Rosbank launched a new service on Friday that enables cross-border settlements using cryptocurrencies. Rosbank, the first Russian bank to launch such a service, is one of the country’s banks in the West’s sanctions package to limit Moscow’s war efforts in Ukraine. Rosbank Taps Russian Fintech Firm to Enable Cross-Border Crypto Payments Rosbank, one of […]

Shortly after Wednesday’s opening bell, the Dow Jones industrials were down 0.46%, the S&P 500 down 0.34% and the Nasdaq down 0.02%. After U.S. markets closed on Tuesday, Box reported better-than-expected results on both the top and bottom lines. Second-quarter guidance was slightly above the consensus estimates, and full-year guidance was in line with expectations. […]

Crude oil prices fell sharply on Thursday, snapping a three-day winning streak, after Russian Deputy Prime Minister said Russia won’t agree on any additional cut in crude production. A firm dollar, and uncertainty over US debt weighed as well on crude oil prices. Fitch Ratings placed the United States “AAA” credit on “rating watch negative,” […]

Fintel reports that on May 24, 2023, Goldman Sachs maintained coverage of Autozone (NYSE:AZO) with a Buy recommendation. Analyst Price Forecast Suggests 12.95% Upside As of May 11, 2023, the average one-year price target for Autozone is 2,782.51. The forecasts range from a low of 1,908.90 to a high of $3,043.95. The average price target […]

Many investors don’t pay attention to unusual options activity because options are too confusing and there can be multiple implications from a single data point. However, astute traders who are looking for opportunity often like to see their investment thesis line up with reality. Simply put, when large traders or big investors  — like hedge […]

Fintel reports that on May 22, 2023, Goldman Sachs maintained coverage of Canadian Solar (NASDAQ:CSIQ) with a Sell recommendation. Analyst Price Forecast Suggests 17.33% Upside As of May 11, 2023, the average one-year price target for Canadian Solar is 47.18. The forecasts range from a low of 18.57 to a high of $65.10. The average […]

While most of Wall Street focuses on large-cap and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy. Many of the biggest public companies, especially the technology giants, trade in the hundreds, all the way up to over $1,000 per share […]

Gold prices climbed higher on Friday as the dollar turned weak against most of its major rivals after Fed Chair Jerome Powell signaled a likely pause in interest rate hikes next month. Meanwhile, Republican negotiators walked out of a meeting over raising the U.S. debt ceiling, offsetting recent optimism about an impending deal. “Until people […]

Premarket action on Friday had the three major U.S. indexes trading mixed. The Dow Jones industrials were up 0.07% and the S&P 500 up 0.08%, but the Nasdaq was 0.04% lower. Walt Disney Co. (NYSE: DIS) on Thursday announced that it has scrapped plans to invest nearly $1 billion in an office park near its […]

Extending the downward trend seen over the past several sessions, treasuries moved notably lower during trading on Thursday. Bond prices moved to the downside early in the day and remained firmly negative throughout the session. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, is climbed 6.7 basis points at […]