Markets
Lookout For Simple Moving Averages :: Canopy Growth Corporation, (NYSE: CGC)
Headquarters Location of Canopy Growth Corporation (NYSE: CGC ) is Canada. The stock has a consensus rating of "Hold" and a consensus price target of $45.50. The Company's products include dried flowers, oils and concentrates, softgel capsules, and hemps.Last it reported negative earnings. Missing a forecast, of course, is the worst outcome, as it indicates that the company is not performing as ... [Full Article...]
China announces tariff cut on 700 foreign products
Since then, Beijing has resumed buying USA soybeans, the single-largest agricultural export between the two countries. While China has resumed some purchases of USA soybeans, the tariffs on the oilseed from America remain in place, and the removal of tariffs on alternative meals could help improve the reliability of supply of animal feed meal in China, analysts said. [Full Article...]
Central bank is US economy's 'only problem'
The S&P and Dow are also not far off those levels, having sunk 17.5 percent and 16.3 percent, respectively, as of Friday from their closing highs. The S&P 500, Dow Jones Industrial Average , and Nasdaq all fell at least 2.2%. Exterior view of the US Federal Reserve building in Washington , DC. "One of the risks. of making this kind of statement is that it could make market participants conce... [Full Article...]
Oil rises to US$51 after steep slide; growth fears weigh
Investors have flocked to perceived safe-haven assets such as gold and government debt, at the expense of crude oil and stocks. Global benchmark Brent was trading down 6.2 percent, at $50.47 a barrel as of 9:12am GMT. "U.S. equity futures are trading a bit firmer this morning triggering some little buying interest in the oil markets", said Stephen Innes, head of trading for Asia-Pacific at futur... [Full Article...]
Several Institutions Silent about Their Crypto Desk Plans
He further added, "That was top-of-the-market-hype thinking". The crypto crash has continued, with about $ 700 billion wiped off the market since its peak at around $800 billion at the start of the year, and leaving a trail of destroyed startups behind it. [Full Article...]
Bank strike: Nationwide protest against PSB merger
However, branches of new generation private sector banks remain unaffected by the strike called by UFBU, which claims to have membership of almost 10 lakh bank employees and officers across 21 public sector banks. AIBEA general secretary C.H. Vekatachalam said the strike was effective across the country and that employees were fighting for a right cause. In regard to wages, the bank unions are d... [Full Article...]
Ripple price surges as Binance confirms XRP as a base pair
The surprising news pushed XRP by nearly 20%, taking XRP/USD pair to $0.44, representing a one-month high. After an extensive lobbying by the XRP community, Chief Executive Officer (CEO) of Binance, Changpeng Zhao (CZ) has announced that the exchange will list two trading pairs with XRP. [Full Article...]
US Treasury Chief Convenes Calls With Top US Bankers
Investors are concerned that Trump may fire Federal Reserve Chairman Jerome Powell. "Secretary Mnuchin conducted a series of calls today with the CEOs of the nation's six largest banks: Brian Moynihan, Bank of America; Michael Corbat, Citi; David Solomon, Goldman Sachs; Jamie Dimon, JP Morgan Chase; James Gorman, Morgan Stanley; Tim Sloan, Wells Fargo", reads the statement. [Full Article...]