November 26, 2021 9:59 am
CVB Financial Corp (CVBF), the holding company for Citizens Business Bank, said earlier this week Citizens had obtained regulatory approvals from the Federal Deposit Insurance Corporation and the California Department of Financial Protection and Innovation to finalize its announced merger with Suncrest Bank (SBKK) based in Visalia, California. “We are pleased to have obtained all […]
Read moreNovember 25, 2021 11:10 am
Futures on US West Texas Intermediate Crude Oil retreated for a second straight trading day on Thursday, as market players were awaiting major producers’ response to the emergency crude release by key oil-consuming countries, purposed to push prices down. The Organization of the Petroleum Exporting Countries, Russia and allies (OPEC+) will meet on December 1st-2nd […]
Read moreNovember 24, 2021 11:44 am
Spotify Technology said on Tuesday that a new hub had been launched, where fans will be able to listen to all the official soundtracks, playlists and podcasts associated with Netflix Inc’s shows. The new hub, which can be accessed by both free and premium listeners, will feature playlists from hit shows such as “Money Heist” […]
Read moreNovember 24, 2021 10:37 am
General Motors Company (GM) said earlier this week it had acquired a 25% stake in Pure Watercraft, while valuing the electric boat startup company at $600 million. The US auto maker is offering $150 million in a combination of cash and payment-in-kind, which includes access to GM’s components and assistance with manufacturing, in exchange for […]
Read moreNovember 23, 2021 11:20 am
AUD/USD was hovering just above a fresh 1 1/2-month low on Tuesday, as Federal Reserve Chair Jerome Powell’s reappointment reinforced expectations of an interest rate hike in 2022. “The decision removes one source of uncertainty for financial markets and favours policy continuity at the Fed,” MUFG currency analyst Lee Hardman wrote in an investor note. […]
Read moreNovember 23, 2021 9:35 am
Astra Space Inc (ASTR) has successfully completed its first commercial orbital launch for the United States Space Force from its Pacific Spaceport Complex in Kodiak, Alaska, on November 19th, it said. Astra’s launch system successfully demonstrated the orbital placement of a test payload to an inclination of 86.0 degrees at an altitude of 500 km. […]
Read moreNovember 22, 2021 10:44 am
GBP/USD was a notch weaker at the start of the new week, as the US currency remained underpinned by bets the Federal Reserve could tighten monetary policy sooner than expected. A flight to safety amid rising COVID-19 infections, especially in Europe, also supported the dollar. Meanwhile, Pound traders’ focus strongly set on Bank of England’s […]
Read moreNovember 22, 2021 9:19 am
CleanSpark Inc (CLSK), a sustainable bitcoin mining and energy technology company, said last week that it had purchased additional 2,597 units of the Antminer S19 bitcoin mining machines. Machine delivery is scheduled to be immediate and adds to the 2,711 rigs already bought and scheduled for delivery later in November. At present, the company operates more than […]
Read moreNovember 18, 2021 10:27 pm
Macy’s Inc’s (M) fiscal third-quarter results, reported on Thursday, outstripped Wall Street estimates, while the retailer revised up its full-year sales and earnings forecasts. The company’s net sales surged 36.3% year-on-year to $5.44 billion in the fiscal third quarter, while exceeding a consensus of analyst estimates of $5.2 billion. The group’s adjusted earnings for the […]
Read moreNovember 18, 2021 10:02 am
Futures on US West Texas Intermediate Crude Oil hit a fresh 1 1/2-month trough on Thursday as China announced it was taking steps to release crude oil reserves. The announcement followed a report by Reuters that the United States has asked key crude oil consumers to consider a coordinated release of stockpiles in order to […]
Read more
