‘s price continued its decline on Thursday, as selling pressure from Bitcoin mining operators, Mt. Gox refunds, and actions from the German state of Saxony continued. However, a crypto expert told Investing.com that the ongoing downtrend could be “a bear trap.” Why is Bitcoin price on a downtrend? The defunctContinue Reading
Bitcoin price is on a downward trajectory. Over the past month, the cryptocurrency has dropped by 17%, hitting its lowest level since February 2024. Although there has been a slight rebound in the last five days with a gain of 1.33%, this minor uptick fails to offset the substantial fallContinue Reading
monticelllo Wall Street analysts defended Constellation Brands (NYSE:STZ) on Wednesday after the company reported a mixed FQ1 earnings report. Rochester, New York-based Constellation Brands (STZ) saw its core beer brands, including Modelo Especial and Pacifico, put in another strong quarter, but the wines and spirits business saw a decline amidContinue Reading
Zolak The number of Americans filing new claims for unemployment benefits rose 4K to 238K after having declined for two weeks. The prior week’s claims were revised 1K higher to 234K. Analyst had expected claims of 233K in the latest week. The 4-week moving average was 238,500, an increase ofContinue Reading
jetcityimage/iStock Editorial via Getty Images AGCO (NYSE:AGCO) on Tuesday was upgraded to Hold from a previous investment rating of Sell by analysts at research firm CFRA. They said the maker of farming equipment is more fairly valued after its stock declined since the beginning of the year. Elevated interest ratesContinue Reading
Oselote With concerns about economic growth diminishing, J.P. Morgan Global Research says, the recent decline in commodities is only temporary, and commodities would likely be exposed to a confluence of forces, among them weather-related volatility, China’s Third Plenum, and the onset of the Fed’s rate cutting cycle. J.P. Morgan ResearchContinue Reading
Petrovich9/iStock via Getty Images AeroVironment’s (NASDAQ:AVAV) stock fell 6.6% in extended trading Wednesday after the maker of military drones and unmanned vehicles reported a steep decline in earnings while still beating the average estimate among Wall Street analysts. Earnings adjusted for one-item items fell 57% from a year earlier toContinue Reading
Hailshadow GSK (NYSE:GSK) and Pfizer (NYSE:PFE) both declined in Wednesday trading after the CDC’s Advisory Committee on Immunization Practices recommended an age range for respiratory syncytial virus (RSV) vaccines that wasn’t as broad as drugmakers would have liked. GSK closed down ~3.6%, while Pfizer lost 2%. The panel voted thatContinue Reading
JHVEPhoto Inspire Medical Systems (NYSE:INSP) and ResMed (NYSE:RMD) are both down significantly in Monday trading, apparent casualties of positive data released after the closing bell on June 21 of Eli Lilly’s (LLY) diabetes and weight loss drug tirzepatide as a sleep apnea treatment. Inspire manufactures an implantable neurostimulation device forContinue Reading
Investing.com – While continued its downward trend in June, it started the new week with a sell-off and fell to the $62,300 band. The recent selling pressure in Bitcoin is attributed to Bitcoin sales by crypto mining companies whose revenues have plummeted. Reports show that miners have sold more thanContinue Reading
