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WTI Crude Oil Holds Steady Near $69.80 as Risk Sentiment Boosts Market Amid Awaited US Data
author-avatar Andrew Johnson
Commodities, News
June 27, 2023
27 Jun 2023

WTI Crude Oil Holds Steady Near $69.80 as Risk Sentiment Boosts Market Amid Awaited US Data

WTI crude oil prices remain relatively stable near $69.80 in early Tuesday morning trading in Europe, showing a lack of clear direction in the energy market. Over the past two days, oil prices have reflected a sense of indecision among investors. How...
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Crude Oil Futures Traders Boost Open Interest Positions as Volume Declines
author-avatar Andrew Johnson
Commodities, News
June 27, 2023
27 Jun 2023

Crude Oil Futures: Traders Boost Open Interest Positions as Volume Declines

The latest flash data from CME Group sheds light on the recent activity in the crude oil futures market. Traders have significantly increased their open interest positions by approximately 6.6K contracts at the beginning of the week. However, in a co...
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Gold Price Poised for Gains as Risk-Appetite Weighs on US Dollar Index
author-avatar Andrew Johnson
Commodities, News
June 27, 2023
27 Jun 2023

Gold Price Poised for Gains as Risk-Appetite Weighs on US Dollar Index

In the European session, the XAU/USD price has exhibited signs of volatility contraction, hinting at a potential turning point for the gold market. As investors closely monitor the precious metal's movements, it is becoming increasingly apparent that...
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Kellogg Shares Surge on Goldman Sachs' Upgrade and Raised Price Target, Citing Growth Potential
author-avatar Alice Scott
Stocks
June 27, 2023
27 Jun 2023

Kellogg Shares Surge on Goldman Sachs’ Upgrade and Raised Price Target, Citing Growth Potential

Kellogg (NYSE:K) shares soared in premarket trading today after leading investment bank Goldman Sachs upgraded the company's rating from Neutral to Buy. Additionally, Goldman Sachs raised its price target for Kellogg shares to $83.00, emphasizing tha...
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Natural Gas Prices Surge, Eyeing March Highs Beyond $3.00 Mark per MMBtu
author-avatar Andrew Johnson
Commodities, News
June 26, 2023
26 Jun 2023

Natural Gas Prices Surge, Eyeing March Highs Beyond $3.00 Mark per MMBtu

Natural gas prices experienced a remarkable surge on Friday, extending their recovery and reaching multi-week highs above $2.70. However, a closer look reveals a decline in open interest, which casts doubt on the possibility of sustained gains in the...
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WTI Futures Hit Nine-Day Low at $67.60 as Investors Brace for Global Oil Demand Decline
author-avatar Andrew Johnson
Commodities, News
June 24, 2023
25 Jun 2023

WTI Futures Hit Nine-Day Low at $67.60 as Investors Brace for Global Oil Demand Decline

The West Texas Intermediate (WTI) futures on the New York Mercantile Exchange (NYMEX) have recently reached a nine-day low, with prices sliding to $67.60. This downward trend has been fueled by investor apprehensions surrounding a projected decline i...
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Starbucks Faces Worker Strikes as Unions Protest Ban on Pride Decorations
author-avatar Alice Scott
News, Stocks
June 24, 2023
25 Jun 2023

Starbucks Faces Worker Strikes as Unions Protest Ban on Pride Decorations

Starbucks Corp (NASDAQ:SBUX) witnessed a 2.5% decline in its stock value following an announcement by its unions that approximately 3,500 U.S. workers are planning to strike in the upcoming week. The strike is a response to Starbucks' controversial d...
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Gold Price Rebounds as Economic Slowdown Spurs Recessionary Fears
author-avatar Andrew Johnson
Commodities, News
June 24, 2023
25 Jun 2023

Gold Price Rebounds as Economic Slowdown Spurs Recessionary Fears

Gold, a reliable safe-haven asset, has shown signs of recovery after plunging to new three-month lows of $1910.26. The decline was fueled by a range of factors, including an economic slowdown and growing recessionary fears. However, the precious meta...
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Goldman Sachs Faces Potential Writedown for GreenSky Acquisition Amid Divestment Plans
author-avatar Alice Scott
News, Stocks
June 24, 2023
24 Jun 2023

Goldman Sachs Faces Potential Writedown for GreenSky Acquisition Amid Divestment Plans

Introduction Goldman Sachs (NYSE:GS) is facing the likelihood of a significant writedown for its $2.2 billion acquisition of fintech lender GreenSky. According to sources familiar with the sale process, the investment bank is actively seeking to div...
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IBM Nears $5 Billion Acquisition of Apptio, a Leading Software Company
author-avatar Alice Scott
News, Stocks
June 24, 2023
24 Jun 2023

IBM Nears $5 Billion Acquisition of Apptio, a Leading Software Company

Introduction IBM is on the brink of finalizing a major acquisition deal to purchase Apptio, a renowned software company, according to sources cited by the Wall Street Journal. This article provides an overview of the reported acquisition, highlighti...
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Coinbase CEO Brian Armstrong's Vision for Global Expansion as a "Super-App”
author-avatar Noah Ellis
Cryptos, News
June 23, 2023
23 Jun 2023

Coinbase CEO Brian Armstrong’s Vision for Global Expansion as a “Super-App”

Introduction Coinbase CEO Brian Armstrong is undeterred by the recent lawsuit filed by the U.S. Securities and Exchange Commission (SEC). Instead, he is focused on realizing his grand vision for Coinbase, aiming to transform it into a global "super-...
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author-avatar Noah Ellis
Cryptos, News
June 22, 2023
22 Jun 2023

XRP Price Analysis: Optimistic Outlook for Potential Rise to $1 Amid Legal Battle

Introduction: The price of XRP, the digital asset associated with Ripple, has the potential to reach $1 or even $1.5 by the end of the year. This optimistic prediction is supported by key indicators such as the Relative Strength Index (RSI) and Movi...
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