Saturday, January 16

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Honeywell has partnered up with Atrium Health, Tepper Sports & Entertainment and the Charlotte Motor Speedway in an…
Stock News

Honeywell has partnered up with Atrium Health, Tepper Sports & Entertainment and the Charlotte Motor Speedway in an…

Honeywell has partnered up with Atrium Health, Tepper Sports & Entertainment and the Charlotte Motor Speedway in an effort to get 1 million frontline workers vaccinated by July 1, 2021.According to Darius Adamczyk, CEO of Honeywell (HON), “Honeywell is world renowned for managing highly complex logistics, information technology and operational issues,” adding that he is “very pleased that Honeywell is leading this coalition of private and public organizations.”At a news conference on Jan. 12, Gov. Roy Cooper announced that several mass vaccination sites are being set up across North Carolina to improve the rollout of the COVID-19 vaccine.Bank of America Stadium and the Charlotte Motor Speedway will serve as initial locations to contribute to this public-private initiative, togeth...
GBTC has a new a competitor in the OTC Bitcoin trust market
Crypto News

GBTC has a new a competitor in the OTC Bitcoin trust market

A firm called Osprey Funds is offering an over-the-counter, or OTC, Bitcoin (BTC) trust under the ticker symbol OBTC. The trust is similar to Grayscale’s Bitcoin Trust, known as GBTC.“The Osprey Bitcoin Trust provides easy access to bitcoin,” the firm’s website says. “With a 0.49% management fee, it is the lowest cost solution.” Osprey is an entity that “builds digital asset solutions for intelligent investors,” claiming OBTC as its “flagship offering,” the website adds."OBTC began being quoted in the OTC market today, Friday 1/15," Osprey Funds' CEO, Greg King, told Cointelegraph, adding:"As of 1/14, the product met the requirements to become quoted under the ticker OBTC in the OTC market. Over the next 30 days, the fund will pursue DTC eligibility and after February 14, all addit...
Shoppers Stop Q3 results: Net loss widens to Rs 25.11 cr
Stock News

Shoppers Stop Q3 results: Net loss widens to Rs 25.11 cr

Shoppers Stop Ltd on Friday reported widening of its consolidated net loss to Rs 25.11 crore for the third quarter ended December 31, 2020. The company had posted a net loss of Rs 6.51 crore in the October-December quarter a year ago.Its total income declined 27.2 per cent to Rs 746.45 crore during the period under review as against Rs 1,025.53 crore in the corresponding quarter of the previous fiscal, Shoppers Stop said in a regulatory filing.Shoppers Stop's total expenses stood at Rs 778.78 crore during the quarter as against Rs 963.90 crore a year ago, down 19.2 per cent.Shoppers Stop MD and CEO Venu Nair said, "Business recovery during the festival period has been encouraging. The festive period helped footfall into stores and also generated higher digital sales."Its digital ...
WTI drops briefly back below $52.00 amid risk off market conditions
Commodities

WTI drops briefly back below $52.00 amid risk off market conditions

WTI has been on the back foot on Friday dropping from the high $53.80s to around $52.00. Demand concerns amid further lockdown restrictions in Europe, coupled with other global risk-off factors have weighed.The front-month futures contract for the American benchmark for sweet light crude oil, West Texas Intermediary (WTI), has been on the back foot on the final trading day of the week. In early Friday Asia Pacific trade, WTI futures climbed as high as $53.81, not even 10 cents from the 11-month highs set earlier in the week at $53.90, but have seen substantial downside since then (in fitting with other risk assets). WTI has dropped all the way back to the $52.00 level and printed lows at $51.82. At present, front-month WTI futures trade around $1.50 or close to 3% lower on th...
British financial advisor calls on the gov’t to ban crypto transactions
Crypto News

British financial advisor calls on the gov’t to ban crypto transactions

Neil Liversidge, a veteran financial advisor, has called on the government of the United Kingdom to ban transactions in cryptocurrencies like Bitcoin (BTC).Liversidge, the owner of the independent financial advisory firm West Riding Personal Financial Solutions, started a petition urging local financial authorities to stop crypto transactions in the U.K. The petition reads:“Legislate to prohibit the payment by or acceptance of cryptocurrencies by UK resident businesses or individuals, and require UK regulators (the FCA and PRA) to prohibit transactions by UK financial institutions in cryptocurrencies such as Bitcoin.”Liversidge cited a common anti-crypto narrative, arguing that cryptos like Bitcoin have no intrinsic value and “can be a destabilising influence on society, and often ...
Shares of BlackBerry spiked 15% in Thursday’s extended market trading amid a report that the Canadian software company…
Stock News

Shares of BlackBerry spiked 15% in Thursday’s extended market trading amid a report that the Canadian software company…

Shares of BlackBerry spiked 15% in Thursday’s extended market trading amid a report that the Canadian software company has sold 90 patents related to its smartphone technology to Huawei. That’s after the stock closed 23% higher yesterday.According to a report by Canadian newspaper The Globe and Mail records from the US Patent and Trademark Office (US PTO) showed the transfer of the intellectual property to Huawei. In addition, the transaction was also confirmed by BlackBerry’s (BB) CFO on an investor call, according to the report.BlackBerry, once a front-runner in smartphones targeted for business customers and users, has gone through a transformation in recent years and is now more focused on selling security software to companies, including automakers, and governments.In line with ...
Biden’s $1.9T Plan Shows ‘Blue Wave’ Bitcoiners Saw Coming
Crypto News

Biden’s $1.9T Plan Shows ‘Blue Wave’ Bitcoiners Saw Coming

(EDITOR’S NOTE: First Mover will not publish Monday, Jan. 18, in honor of Martin Luther King Jr. Day in the U.S., a CoinDesk company holiday. The cryptocurrency market will be open, as it always is.)Bitcoin (BTC) was lower, trading around the $38,000 level where prices have gravitated for the past week.The market faces price resistance around $41,000, with support seen around $34,000, Mark Warner, head of trading for London-based BCB Group, a financial firm focused on digital assets, said in comments emailed by a spokeswoman.“A move above $42,000 will likely see a resumption of the heady gains we saw last week,” Warner said. Prices are up 29% so far in 2021, versus a 0.4% year-to-date loss for the Standard & Poor’s 500 Index of large U.S. stocks.In traditional mark...
Charted: Chainlink (LINK) Revisits $18, Why It Could Soon Break $20
Crypto News

Charted: Chainlink (LINK) Revisits $18, Why It Could Soon Break $20

Chainlink (LINK) is up 15% and it broke many hurdles near $16.20, similar to bitcoin and ethereum. The price is testing a major barrier at $18.00, above which it could test $20.00.Chainlink token price is showing a lot of positive signs above the $16.20 level against the US dollar. The price is now testing the $18.00 resistance and it is well above the 100 simple moving average (4-hours). There was a break above a key bearish trend line with resistance at $16.20 on the 4-hours chart of the LINK/USD pair (data source from Kraken). The price is likely to accelerate higher if there is a clear break above the $18.00 level.Chainlink (LINK) Rally Could Gather MomentumIn the past few sessions, there was a steady increase in bitcoin, Ethereum, bitcoin cash, chainlink (LINK)...
US Dollar Index Price Analysis: Looks consolidative near-term
Forex

US Dollar Index Price Analysis: Looks consolidative near-term

DXY extends the side-lined trading above 90.00 on Friday. Further upside targets the 2021 high near 90.70.DXY remains in a consolidative-mode and manages well to keep the trade above the 90.00 mark for the time being.If bulls regain control of the sentiment on a more serious stance, then the index could re-visit the so far YTD tops in the 90.70/75 band ahead of the weekly high in the 91.00 region (December 21). Above this level, the prevailing downside pressure is expected to mitigate somewhat.In the longer run, as long as DXY trades below the 200-day SMA, today at 94.50, the negative view is forecast to prevail.DXY daily chartCredit: FX Street
European stocks and U.S. equity futures fall as Biden’s stimulus plan fails to cheer COVID-19 worried investors
Stock News

European stocks and U.S. equity futures fall as Biden’s stimulus plan fails to cheer COVID-19 worried investors

European stocks fell on Friday, close by U.S. stock futures, as the declaration of a profoundly foreseen upgrade plan from President-elect Joe Biden neglected to cheer financial specialists, who stay worried over climbing COVID-19 cases on the two sides of the Atlantic.The Stoxx Europe 600 record SXXP, - 0.39% fell 0.4% in seven days that has seen it drop around 0.2%. The German DAX, - 0.41% fell 0.4%, the French CAC PX1, - 0.60% dropped 0.7% and the FTSE 100 UKX, - 0.46% traded 0.6% lower too. The euro EURUSD, - 0.16% and pound GBPUSD, - 0.33% were both more fragile against the dollar.U.S. stocks fell in the most recent hour of exchanging on Thursday in front of a $1.9 trillion Covid help plan declared by Biden. The arrangement incorporates expanding direct money installments to Ame...