USD/CAD dropped sharply from 1.2920 to as low as 1.2699, breaking below 1.2713 support. Further decline is still possible after a minor consolidation and next target would be at 1.2623 support. Below this level could bring price to next support level at 1.2433. Resistance is at 1.2800, only break above this level could trigger another rise…
Nike, Inc. (NKE – Free Report) released its second-quarter fiscal 2018 financial results, posting earnings of 46 cents per share and revenues of $8.55 billion. Currently, NKE is a Zacks Rank #3 (Hold) and is relatively flat in after-hours trading shortly after its earnings report was released. Shares of Nike closed about 1.8% higher on Thursday. Nike: Beat…
Cryptocurrencies are crashing across the board and the leading coin, bitcoin, is not immune to the fall. Why is the sell-off occurring? Here are 5 reasons for the crypto-crash. Bitcoin is not suffering the worst crash, but as the leading digital currency, it enjoys the highest volume and its recent moves offer technical levels of support and…
BSE Sensex and NSE Nifty ended lower for the second session on Thursday led by losses in banking and automobile sectors. L&T, Tata Steel, Hero MotoCorp and Infosys were the top gainers, whereas M&M, Axis Bank and Maruti Suzuki India were major losers. The 10-year bond yield on Thursday hit fresh 17-month high after the…
As corporate tax reform gets ever-closer to becoming a reality, opponents are shifting their strategy. Rather than asserting, as Senate Democrats wrote in a letter to Republican leaders, that “tax reform cannot be a cover story for delivering tax cuts to the wealthiest. We will not support any tax reform plan that includes tax cuts for the…
The academic research has generally found valuations, such as the earnings yield (E/P) (or the CAPE 10 earnings yield) and valuation spreads, have predictive value in terms of future returns. The higher the earnings yield, the higher the expected return, and the larger the spread in valuations between growth and value stocks, the larger the…
By Diane Harrison 2017 will be a hard year for allocators and investors to get excited about hedge fund performance versus US equities. Hedge funds returned on average about 6% in the first 11 months of 2017, significantly lagging the stock market, which was up over 20% for the same first 11 month period. Hedge…
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2017 was quite a year for FinTech. So, as we head into 2018, what can we expect to see? Here are a few things we’re keeping our eye on: Infrastructure and Enabling Becomes Focus in the $640bn Tech Space While a lot of investment lies in front user-facing technology, no one has really invested in…
SAN ANTONIO, Dec. 21, 2017 (GLOBE NEWSWIRE) — Payment Data Systems, Inc. (Nasdaq:PYDS), an integrated electronic payment solutions provider, today announced it has agreed to the sale and issuance to institutional investors of 1,176,000 shares of common stock in a registered direct offering with gross proceeds of approximately $3 million. The offering price per share…
