Trading News

Kinetik Shares (KNTK) Dropped 50%: Here’s Why

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Briefly – Kinetik finalizes inclusive Refinancing. Kinetik boasts an unsafe financial structure. The company completes its 2 – 1 stock split. Kinetik Holdings Inc. shares lost 50% following a successful comprehensive refinancing completion. It comprises a new five-year $1.25 billion unsecured credit facility, a $1 billion 5.87% sustainability linked notes anticipated in 2030, and a … Read more

The Stock Market: What to Watch This Week

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Investors endured another challenging time within the past week, with S&P 500 and DJIA losing about 5%. Most of the plunge emerged after the news of inflation traversing 4-decade highs, confirming more impending rate hikes by the Fed Reserve. Most individuals’ stocks presented somewhat impressive performance, though amid optimist earnings publications. Meanwhile, let’s check what … Read more

Should You Buy JPY Following Plummets toward 24-Year Lows?

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The Japanese Yen remains caught within a vicious circle. Weakness will likely persist. BOJ eases amidst soaring global yields. Thursday remains the European Central Bank day as ECB announces its statement. However, the euro isn’t the focus as far as 2022 currency market movements are concerned, regardless of the Russia-Ukraine battle. The yen is. Bloomberg … Read more

AUD/USD Price Prediction Following Surprise Rate Hike by RBA

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Briefly- RBA exceeded expectations in rate hikes. Traders saw AUD/USD moving higher. US interest rates remain higher. One of the central banks expected to announce financial policy this week surprised market players with higher than expected rates. The Reserve Bank of Australia hiked rates by 50 basis points, whereas investors anticipated a 25 basis point … Read more

Should You Sell Amazon (AMZN) Following Stock Split?

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Amazon (AMZN) has split its stock following months of eagerness. Many investors seem fascinated with the chance to scoop more Amazon shares at the new, significantly lower price. On the other side, expert investors understand stock splits don’t alter businesses’ value. They only carve the firm’s returns in more slices. Amazon’s 20-for-1 stock split equals … Read more

Tech Stocks, Cryptos Defenseless as US Fed Ends Liquidity Splurge

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Cryptocurrencies and technology stocks remain vulnerable as the Fed Reserve decreases its nearly $9 trillion balance sheet. Leading banks from Europe to Canada plan to test global markets as they adopt a hawkish stance by US regulators on a mission to loosen the epidemic bond-purchasing passion. According to popular comments by 687 participants on the … Read more

S&P 500, Nasdaq, and Dow Jones Prediction Following Solid US Job Report

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Briefly- The week had Dow Jones dropping -0.94, Nasdaq -0.98, and S&P 500 -1.2%. The United States added around 390K jobs during the previous month. The unemployment rate stayed unmoved at 3.6%. Wall Street saw its three primary indexes weakening last week, even with the US job market confirming the economy was on stable footing. … Read more

Chronoly (CRNO) To Outshine Metaverse Coins THETA and STX

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Metaverse tokens such as Theta Network (THETA) and Stacks (STX) might lose their glory to Chronoly (CRNO), a new project in the space. STX and THETA witnessed massive bearishness following the latest crypto market fall. Though recoveries showcase, they aren’t strong. That had investors looking for alternatives. For that reason, we dived into the market … Read more