SBFM stock soared 148% on Tuesday on positive cancer mRNA news. Sunshine BioPharma shares then added another 12% on Wednesday to close at $6.29. The pharma company stock was up again in Thursday’s premarket to $5.49. Sunshine BioPharma has been one of the standout performers of the week with a staggering gain on Tuesday. SBFM stock
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The price of WTI crude oil is settling at $96.23. That is down $5.73 or -5.62% and is the lowest settle since March 16. The price low has moved to $95.90. The high was at $104.02. Worries about moves toward a recession on the back of tighter central bank policy (including the Fed) are weighing
The FOMC meeting minutes sure made everyone look stupid. The minutes showed that “many” (a couple or a few but many) thought at 50 BP hike appropriate. They also showed the Fed was ready to taper by $60B of treasuries and $35B of mortgage back securities. What gets me is the Fed chair holds his
April 6: Gold eased on Wednesday as hawkish comments from U.S. Federal Reserve officials boosted the dollar and Treasury yields to multi-year highs, denting the safe-haven metal’s appeal. FUNDAMENTALS * Spot gold was down 0.2% at $1,920.87 per ounce, as of 0114 GMT. U.S. gold futures fell 0.3% to $1,920.90. * The dollar scaled a
Swiss Franc falls broadly today as other parts of the markets turned mixed. US treasury yield extends its sharp rally. But the impact on Dollar is some what offset by impressive rally in Germany and UK yields too. Euro recovers mildly but remains the worst performing one for the week, followed by Yen, and then
Robyn Beck | Afp | Getty Images Surging inflation has Americans reconsidering how they spend their money. The Consumer Price Index, which measures a wide-ranging basket of goods and services, jumped 7.9% in February from 12 months prior. Prices are going up on everything from the food you put on the table to the gas
The DXY is marching towards 100.00 as the hawkish stance of the FOMC minutes has improved safe-haven appeal. Balance sheet reduction is likely to remain at an elevated pace. US administration has imposed full blocking sanctions on Russia’s giant banks. The US dollar index (DXY) is heading towards the psychological figure of 100.00 on tailwinds
According to a new industry report published by DappRadar, the number of users engaging in decentralized applications, or DApps, every day surged 396% year over year to 2.4 million. This is only 5.8% below the same user activity level witnessed in Q4 2021. The overall growth was impressive, considering that during the quarter, the cryptocurrency
As the dollar continues to move higher (new highs vs the EUR, GBP, JPY all being made), the USDCHF is also in that group. Looking at the hourly chart, the pair moved above it’s 200 hour MA at 0.92802. That was the first break since March 29. The price has since moved up to test
If something can’t go down on bad news.. That’s one of the more common adages in the market and it may well be fitting with what we’re seeing in oil prices at the moment. Today, oil is up 1.6% as price continues to hold above $100 for the time being. A record crude reserve release
NEW DELHI: Gold prices were trading flat on Wednesday, bucking the global trend, as hawkish commentary from the US Federal Reserve along with a firm US dollar and rise in treasure yields dampened the sentiments. A stronger dollar makes gold less attractive for other currency holders. Gold futures on MCX were flat, merely 0.01 per
Dollar trades broadly higher overnight together with treasury yields on hawkish comments from Fed officials. The green back remains firm in Asian session today. Though, Aussie remains the strongest one for the week so far, followed by Kiwi. Euro is the worst performing one, followed by Yen and then Swiss Franc. Technically, EUR/USD’s break of
Rate hikes, soaring energy prices and geopolitical risks have combined to stoke fears of a possible recession. Credit Suisse however, thinks that is an unlikely scenario. Michael Nagle | Bloomberg | Getty Images After two years of the coronavirus pandemic, a recession and a rapid recovery, Americans are worried that the economy may swiftly decline
Gores Guggenheim stock falls nearly 5% after strong gains on Monday. GGPI stock had rallied 11% on news of a partnership between Polestar and Hertz. GGPI is due to take Polestar public via the SPAC deal in the first half of 2022. Gores Guggenheim (GGPI) failed to charge higher on Tuesday after the stock did just
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