rvimages/iStock via Getty Images While gold prices (XAUUSD:CUR) could face resistance near historical high, demand in the world’s second-largest consumer of gold, India, is likely to remain strong despite higher prices, helped by forecasts of above-normal rainfall and favourable macroeconomic backdrop, ANZ analysts said on Monday. Gold imports increased byContinue Reading
NANO Nuclear Energy (NASDAQ:NNE) stock fell 8% in premarket trade after it priced its underwritten public offering of 900K shares and warrants to purchase 450K. Each share and associated warrant is being sold at $20.00 apiece, for gross proceeds of ~$18 million. The warrants are exercisable immediately, have a term of fiveContinue Reading
Kwangmoozaa The Consumer Price Index report for June indicated a 3.3% year-over-year increase in the core rate, compared with the +3.5% pace expected by economists and the +3.4% level seen in May. The closely watched food category was up 2.2% year-over-year in June, with food away from home up 4.1%Continue Reading
DariaRen Blank check company created for the purpose of mergers and acquisitions – SIM Acquisition (SIMAU) (SIMA) priced its initial offering of 20M units at $10 per share. The units are expected to be listed on Nasdaq and begin trading on July 10 under the ticker symbol “SIMAU.” Each unitContinue Reading
Olemedia/E+ via Getty Images Albemarle (NYSE:ALB) finished Tuesday’s trading as the biggest loser on the S&P 500, -8.7% to its lowest since October 2020, as two Wall Street analysts cut their price targets for the stock. Lowering his PT to $127 from $170 even while maintaining an Overweight rating, BairdContinue Reading
Hispanolistic/E+ via Getty Images Wholesale used-vehicle prices were down in June compared to May after adjusting for mix, mileage, and seasonality. The Manheim Used Vehicle Value Index fell 8.9% year-over year to 196.1. The seasonal adjustment to the index mitigated the impact on the month, resulting in values that declinedContinue Reading
extravagantni Soft U.K. economic growth is a factor in why many global investors have set aside British stocks, but discounted prices may steer investors into taking another look at the market as the country settles into a new government, according to Morgan Stanley. The Labour Party last week won controlContinue Reading
monsitj/iStock via Getty Images Gold futures extended recent gains to jump to six-week highs Friday, as the June jobs report that showed an increase in the unemployment rate to 4.1% was seen as a sign that high interest rates are slowing down the economy. There were other indications that couldContinue Reading
It will come as little surprise to American consumers that the price of food has increased substantially since 2019. Inflation fueled by expansive monetary and fiscal policy, exacerbated by supply chain snarls that caused demand to outstrip supply, has driven up food prices by roughly 13.5% since 2019, making thisContinue Reading
SB/iStock via Getty Images Office solution providers in China Eshallgo (NASDAQ:EHGO) priced its initial public offering of 1.25M shares at a public offering price of $4 per share. Total gross proceeds are expected to be $5M. The Class A ordinary shares are expected to commence trading on Nasdaq under the ticker symbolContinue Reading
