Day: July 23, 2020

Two Miller Hill Mall stores to close as a result of bankruptcy – WDIO
Stock News

Two Miller Hill Mall stores to close as a result of bankruptcy – WDIO

Ascena Retail Group submitted a court filing Thursday listing more than 1,100 store closings nationwide, including the two Duluth stores. Besides Justice and Lane Bryant, Ascena is also the parent company of Ann Taylor, Catherines, Loft, and Lou & Grey, owning about 2,800 total locations before the closings. Ascena said gift cards, merchandise credits and customer rewards programs will remain valid through store closing events. Duluth-based Maurices was owned by Ascena up until last year, but is no longer owned by the company. Ascena has been dragged down by debt and weak sales for years. It joins other retailers that have filed for bankruptcy in recent weeks, including Brooks Brothers, Neiman Marcus, J.C. Penney, and J. Crew. These retailers were already struggling with p...
Coronavirus update: Global COVID-19 cases top 15 million as U.S. edges closer to 4 million, and California has more cases than New York
Stock News

Coronavirus update: Global COVID-19 cases top 15 million as U.S. edges closer to 4 million, and California has more cases than New York

The number of confirmed cases of the coronavirus illness COVID-19 worldwide climbed above 15 million on Thursday and the U.S. case tally edged closer to 4 million, as California’s case tally rose above early U.S. hot spot New York following a surge in new infections in recent weeks. California now has more than 422,000 confirmed cases of COVID-19, compared with New York's 413,595, although New York’s death toll is still the highest in the nation at 32,228, according to a New York Times tracker. California is the most populous state in the U.S. with 40 million residents, or roughly double the population of New York. California set a record for number of cases in a single day on Wednesday at 12,162, and record number of deaths in a 24-hour period at 155. Missouri, North Dakota and West V...
Global Second-hand Commodities Trading Platform Market – Detailed Analysis of Current Industry Figures with Forecasts Growth By 2025 – AlgosOnline
Commodities

Global Second-hand Commodities Trading Platform Market – Detailed Analysis of Current Industry Figures with Forecasts Growth By 2025 – AlgosOnline

The ' Second-hand Commodities Trading Platform market' report added recently by Market Study Report, LLC, evaluates the industry in terms of market size, market share, revenue estimation, and geographical outlook. The study also delivers a precise summary that illustrates the competitive milieu, growth opportunities and application landscape of the Second-hand Commodities Trading Platform market depending on the industry's financial and non-financial impact. The Second-hand Commodities Trading Platform market report leverages an in-depth analysis of critical aspects like recent trends, market share, and projected returns over the forecast period to offer a holistic view of this business sphere. The study also covers the impact of the COVID-19 pandemic on the Second-hand Commodities Trad...
Twitter shares rise on record yearly growth in daily users
Stock News

Twitter shares rise on record yearly growth in daily users

SAN FRANCISCO: Twitter Inc on Thursday reported its highest-ever yearly growth of daily users who can view ads, beating analysts' estimates on usage and sending its shares up 4%.Twitter's average monetizable daily active users (mDAU) increased 34% year over year to 186 million, above analysts' estimate of 176 million, in a rise it said was primarily driven by external factors such as shelter-in-place requirements and increased conversation around the COVID-19 pandemic. But the company missed Wall Street's lowered expectations for quarterly revenue, as the coronavirus-spurred economic slowdown battered the company's largely events-oriented digital ads business. Ad sales, which make up 82% of Twitter's revenue, sank 23% to $562 million, a drop the company attributed to brand spending pau...
Top Buys by Directors: Smolik’s $151.4K Bet on NBLX
Stock News

Top Buys by Directors: Smolik’s $151.4K Bet on NBLX

The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $151.4K by Brent J. Smolik, Chief Executive Officer at Noble Midstream Partners LP (Symbol: NBLX). Purchased Insider Title Shares Price/Share Value 03/03/2020 Brent J. Smolik Chief Executive Officer 9,850 $15.37 $1...
Stock Market Tips for 24th July 2020
Top Trading, Trading Tips

Stock Market Tips for 24th July 2020

BUY ITI (NSE Code) Buy Above 135.15 after cooling period. SIGNAL : BULLISH MARUBOZU PATTERN FORMATION WITH HIGHER VOLUME. Stop Loss : 121.05 Target : 146.95 (Short term) HOT BUZZING STOCKS (24.07.2020) NSE SYMBOL      CLOSING RATE ICIL    57.70 CYBERTECH    53.30 MATRIMONY    615.15 SHREEPUSHK    109.45 ITI    132.25 MUTHOOTCAP    390.90 PNBHOUSING    210.10 WABAG    131.35 ARVINDFASN    136.70 CAMLINFINE    61.05 RAMCOSYS    119.20 SHARDACROP    279.05 TANLA    109.70 EDELWEISS    78.15 INTELLECT    155.15 REFEX    50.70 STCINDIA&nb...
BTIG Adds Foreign Exchange Specialist and Managing Director Brian Ager – AiThority
Forex News

BTIG Adds Foreign Exchange Specialist and Managing Director Brian Ager – AiThority

BTIG announced that Brian Ager has joined the firm’s Foreign Exchange (FX) Trading unit as a Managing Director. Mr. Ager will be based out of the firm’s New York office, and report directly into Anton LeRoy, President of BTIG. In his new role, Mr. Ager will focus on building out BTIG’s electronic FX trading capabilities and expanding its client base. “We are pleased to welcome Brian to BTIG and are confident that he will strengthen our global FX platform,” said Mr. LeRoy. “As a senior member of the FX team, we believe that he will actively participate in shaping our existing product offering to meet the demand of our institutional investor clients.” Mr. Ager is an industry veteran with more than 25 years of FX experience. Prior to BTIG, he was the Founder and President of Institutional...
Thursday’s ETF with Unusual Volume: FNX
ETFs

Thursday’s ETF with Unusual Volume: FNX

The First Trust Mid Cap Core AlphaDEX Fund ETF (FNX) is seeing unusually high volume in afternoon trading Thursday, with over 86,000 shares traded versus three month average volume of about 38,000. Shares of FNX were up about 0.7% on the day. Components of that ETF with the highest volume on Thursday were Spirit Airlines (SAVE), trading down about 1.7% with over 8.9 million shares changing hands so far this session, and Marathon Oil (MRO), off about 0.7% on volume of over 7.7 million shares. Watsco (WSO) is the component faring the best Thursday, up by about 14.5% on the day, while Caesars Entertainment (CZR) is lagging other components of the First Trust Mid Cap Core AlphaDEX Fund ETF, trading lower by about 4.9%. VIDEO: Thursday's ETF with Unusual Volume: FNX The views and opi...
Market Snapshot: Stocks under pressure after jobless claims rise, with all eyes on Washington stimulus efforts
Stock News

Market Snapshot: Stocks under pressure after jobless claims rise, with all eyes on Washington stimulus efforts

U.S. stocks opened lower after an increase in weekly new claims for jobless benefits, even as Senate Republicans and the White House announced progress toward an agreement on a new package of funds to help businesses and households stricken by the COVID-19 pandemic. Investors were also upbeat on earnings from the likes of Tesla, with a heavy slate of quarterly results on deck Thursday. How are benchmarks performing? The Dow Jones Industrial Average DJIA, -0.30% traded lower by 165 points, 0.6%, near 26,841 , while the S&P 500 index SPX, -0.00% was off 12 points or 0.4%, trading near 3,264. The Nasdaq Composite Index COMP, -0.04% was about 51 points or 0.5% lower, near 10,655. On Wednesday, the Dow jumped 165.44 points, or 0.6%, to end at 27,005.84, its highest close since June 9,...
Crypto Scammer on the Prowl as YouTube and Twitter Become Central to Bitcoin Scams
Crypto News

Crypto Scammer on the Prowl as YouTube and Twitter Become Central to Bitcoin Scams

Over the years, it has become a known fact for anyone dealing with cryptocurrencies that scams are running rampant. However, as more novice players enter the market, more scammers up their tactics to take advantage of unsuspecting Bitcoin enthusiasts with fake Bitcoin giveaways and other elaborate schemes.  Recently, a new bout of scammers has emerged with even more sophisticated and aggressive tactics. As evident through most reports, the scammers are taking advantage of popular social media platforms like YouTube and Twitter to capture their victims. For instance, on July 13 Charles Hoskinson who is the founder of Cardano warned about a YouTube account that has been promoting fake giveaways of Cardano (ADA). Most recently a sizable attack targeting high profile twitter accounts ...