Archive

Raymond James Upgrades Under Armour to “Strong Buy”

  The shares of footwear and sports apparel manufacturer Under Armour, Inc. (NYSE: UA) has turned bullish after Matthew McClintock, an analyst at the equity research firm Raymond James upwardly revised the stock to a “strong buy” rating, saying the

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BNY Melon Joins Blockchain Focused Marco Polo Network

  The cryptocurrency market saw huge volatility yesterday, with Bitcoin (BTC) dipping below $7,000 and rebounding quickly to reach $7,500 levels. The news of South Korea’s Upbit cryptocurrency exchange hacking incident triggered panic selling in the market. However, the market

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US Dollar Up on Rebound In Durable Goods Orders

  The US dollar rallied against the yen yesterday after a series of positive economic data was released from the US. The yen’s decline was also aided by risk on sentiment in the market caused by expectations of progress in

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AIG to Divest Majority Stake In Fortitude Re for $1.80bln

  The insurance giant American International Group Inc (NYSE: AIG), which lost $99.20 billion in the 2008 financial crisis and received $182 billion bailout from the government, has divested a major portion of its ownership in reinsurer Fortitude Re to

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Bavaria to Give Blockchain-Powered Training Certificates

  After remaining sluggish for nearly 10 days, the cryptocurrency market is showing signs of bullish reversal. Bitcoin (BTC) has gained 6% to trade at $7,177.58 in the past 24 hours. Ether (ETH) has also followed suit with a 7%

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German Business Confidence Jumps to 4-Month High

  The eurodollar rose against the yen yesterday after Germany’s Ifo (Institute for Economic Research) reported a four-month high business confidence in November, signaling moderate economic expansion in the final quarter of the calendar year. The EUR/JPY currency pairs uptrend

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Nordstrom Beats on Q3 Earnings, Narrows FY19 EPS View

  The shares of Nordstrom Inc (NYSE: JWN) rose 10.58% or $3.63 to close at $37.95 after the luxury department store chain reported FY 2019 third-quarter earnings that exceeded analysts’ estimates. The company also narrowed its 2019 earnings outlook. The

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Charles Schwab In Talks To Buy TD Ameritrade for $26bln.

  The Charles Schwab Corporation (NYSE: SCHW) is negotiating the acquisition of the cryptocurrency-friendly TD Ameritrade Holding Corporation (Nasdaq: AMTD) in a deal valued at $26 billion. Shares of TD Ameritrade jumped over 16.92% or $7 to end Thursday’s trading

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Lamborghini Uses Blockchain For Heritage Car Validation

  The cryptocurrency market remains weak with Bitcoin (BTC) barely holding above $8,000 levels.  Bitcoin has lost 0.6% in the past 24 hours to close at $8,105. Ether (ETH) has lost 0.7% to close at $174.94. Likely, XRP has lost

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Kiwi Strengthens on Upbeat Dairy price View by ASB Bank

  The Kiwi dollar is strengthening against the yen on the backdrop of an increase in the average dairy prices at the latest auction conducted on Tuesday. Interestingly, Japan’s Ministry of Finance reported a trade deficit for October. The NZD/JPY

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