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Dogecoin, which started as a meme currency in 2013, has created waves and is up a whopping 26,000% over the last six months. The cryptocurrency could continue to be volatile over the weekend as Elon Musk appears on the SNL (Saturday Night Live). Musk has been among the celebrities who have endorsed the meme cryptocurrencies….
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Tilray and Aphria have completed their merger that would create a marijuana powerhouse. What lies ahead for Tilray after its merger with Aphria? The merger between Tilray and Aphria, which was announced last year, has been structured as a reverse merger as Tilray acquired Aphria, which was the larger between the two companies. While Aphria…
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The price of gold is advancing for a third day today in early commodity trading action as the combination of a weaker dollar, choppy equity markets, lower US Treasury yields, and inflation worries are driving higher demand toward the precious metal. Gold has been staging a comeback since bottoming at $1,714 two times, the latest…
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Peloton stock lost 14.5% yesterday and was trading sharply lower in US premarket trading today after announcing a recall of its treadmills. The company is set to release its quarterly earnings today after the close of markets. In March, Peloton’s treadmill was involved in an unfortunate accident that caused the death of a child. However,…
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Oil prices are retreating from their post-pandemic highs despite a beyond-expected drop in crude inventories reported by the United States only two days ago. The front-month contract of Brent futures is trading 0.5% lower in early commodity trading action today at $68.65 per barrel while the price of WTI futures – the US benchmark for…
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The British FTSE 100 index is attempting to cross the 7,000 mark for a second time this week led by stocks in the most virus-battered sector including financials, consumer cyclical, energy, and industrials. The index has failed to settle above this level in the three previous stock trading sessions primarily due to the weak performance…
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US Treasury Secretary Janet Yellen created waves yesterday after putting forward a case for a rate hike. While she toned down her statement later, rising inflation has stoked fears that a rate hike might come sooner than many are currently expecting. Notably, in her previous avatar as the Federal Reserve Chair, Yellen began increasing rates….
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Churchill Capital IV (CCIV) stock has fallen sharply even since it announced a reverse merger with Lucid Motors. The SPAC (special purpose acquisition company) looks shaky ahead of the merger. CCIV stock was once trading at a premium of almost 550% over the IPO price of $10. None of the other major SPACs traded at…
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General Motors, the largest US-based automaker would release its first-quarter earnings on Wednesday before the markets open. What are analysts expecting from the Detroit automakers’ first-quarter performance? Last week, Ford reported its first-quarter earnings. While the company shattered analysts’ estimates in the quarter the stock fell sharply after the earnings release as it lowered its…
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Ecommerce giant Amazon is set to release its first quarter earnings tomorrow after the close of markets. Here’s what analysts are expecting from the Seattle-based company. The current week is very busy as leading US tech companies have scheduled their earnings for the week. Alphabet, Microsoft, and Tesla have already released their earnings while Apple…
