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Oil futures are heading for their third red day this morning in early commodity trading action despite a slower than expected inventory buildup in the United States, with analysts citing an upcoming nuclear deal between the US and Iran as a potential negative catalyst for crude prices. The US Energy Information Administration (EIA) issued its…
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Coinbase stock has fallen to a new low today as the sharp decline in cryptocurrencies is taking a toll on the crypto exchange that listed last month only. Bitcoin prices were anyways weak over the last couple of weeks after Tesla’s CEO Elon Musk said that the company would stop accepting them as payments. Now,…
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Berkshire Hathaway has released its first-quarter 13F which shows that chairman Warren Buffett continues to trim stakes in financials and pharma companies. Berkshire Hathaway has not been able to identify compelling investment opportunities and was a net seller of stocks in the first quarter, just like it was in the calendar year 2020. However, the…
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The price of gold has advanced more than 5% since the month started as investors appear to be more concerned than ever about the possibility of a sharp spike in inflation rates in the United States in the near future. Last week, the US Bureau of Labor Statistics reported a strong advance in the nation’s…
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Fisker stock was trading sharply higher in US pre-market price action today after the company announced a framework agreement with Foxconn to produce cars. The two companies have signed a new agreement for Project PEAR to jointly develop new segment vehicles which would be sold globally under the Fisker brand name. Fisker to launch Ocean…
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Yesterday, the US Bureau of Labor Statistics reported the highest annualized inflation in the country since the days of the financial crisis and the markets have reacted quite negatively to the development even though economists have warned that this was a plausible risk resulting from the government’s unprecedented intervention to support the economy during the…
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Sundial Growers stock was up sharply in US premarket trading today after it reported its first quarter earnings which showed that the cannabis company turned positive on the EBITDA level. Sundial Growers reported gross revenues of $11.7 million in the quarter which were 29% lower than what it had posted in the corresponding quarter in…
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DeFi Coins, a cryptocurrency news and review platform, has published the ultimate decentralized finance (DeFi) guide. DeFi Coins claims the new guide will expose both insiders and enthusiasts to the nuances of the DeFi market. The new report titled, Top 10 DeFi Guide provides both new and existing DeFi investors with research, analysis, and explainers…
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Chinese e-commerce giant Alibaba would release its fiscal fourth-quarter 2021 earnings later this week. What to expect from the company’s quarterly report and should you buy the stock before the earnings release. Alibaba would report its fiscal fourth-quarter 2021 earnings for the quarter ended in March on Thursday before the US markets open. Analysts polled…
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US stock futures are trading mixed today in early futures trading action as investors await the release of multiple relevant economic data points and earnings from top corporations in and outside the United States. So far this morning, E-mini futures of the Dow Jones Industrial Average (DJIA) are up 0.33% at 34,799 while those of…
