AUDUSD tests support area near 200-day SMA AUDUSD has been on a downward slide again, marking its fourth consecutive week in the red. It recently dipped to a two-month low of 0.6612 but held above the 200-day simple moving average (SMA) and the constraining falling line from February 2023, which increases speculation as to whether…
Consob Blacklists 5 More Websites for Illegal Financial Activities The National Commission for Companies and the Stock Exchange (Consob) ordered the blacking out of 5 additional websites offering financial services without proper authorization in Italy. This brings the total number of websites blocked by Consob since July 2019 to 1029. The authority took action under…
The Impact of the Class Action Lawsuit Against Block, Inc. What Happened: Recently, Rosen Law Firm announced that a shareholder has filed a class action lawsuit on behalf of purchasers of Class A common stock of Block, Inc. for a specific period of time. The lawsuit alleges certain wrongdoing by the company during this period….
Federal Reserve Vice Chairman Jefferson’s Perspective on Monetary Policy: Robust Economy and Above-Target Inflation Federal Reserve Vice Chairman Philip Jefferson expressed his view on the current state of the U.S. economy and the central bank’s monetary policy during a speech on Wednesday. According to Jefferson, the economy is in a robust condition, and inflation remains…
Mueller Water Products to Present at Gabelli’s Pump, Valve & Water Systems Symposium Mueller Water Products, a prominent player in the water industry, recently announced that its management team will participate in the Gabelli 35th Annual Pump, Valve & Water Systems Symposium, which is set to take place in New York on the 27th of…
President Trump’s Bold Agenda: Insights from ‘Kudlow’ Panelists Steve Forbes and John Carney Unpacking the Vision for America’s Future During a recent episode of ‘Kudlow,’ panelists Steve Forbes and John Carney provided a deep dive into President Donald Trump’s ambitious agenda for the country. With a focus on economic growth, job creation, and international relations,…
Sonos Beats Earnings Expectations A Closer Look at Sonos Quarterly Earnings Sonos (SONO) recently reported their quarterly earnings, coming in at $0.64 per share, which surpassed the Zacks Consensus Estimate of $0.36 per share. This news was welcomed by investors, as it indicates that the company is performing better than expected. However, this figure is…
Crypto Market Recovers: AAVE and Chainlink Shine with Double-Digit Gains The crypto market experienced a turbulent start to the week, with most major tokens shedding their Sunday gains. However, two tokens, AAVE (Decentralized Finance protocol) and Chainlink (Oracle service provider), have managed to buck the trend and post impressive double-digit gains within the past 24…
