Month: May 2021

Technology stocks continue to be pressured by the possibility of tax rate increase as announced two days ago. Traders are also shying away from growth stocks as they will also be heavily affected once tax rates are increased. NASDAQ almost extended their losses as the intraday results are not so good, but managed to turn it around before session close. The Dow extended gains and headed into their 4th day winning spree. The S&P closed slightly higher than its flat line, just like yesterday, showing minor movements in the market as of late. With investors switching away from tech and growth stocks and valuations are showing as already reaching the limits, traders are considering that the economic recovery has moved farther than they have anticipated and that earnings season may have already moved past them. This was supported by the...

She had suggested that tax rates may have been too low to stop economic overheating and needs to be raised to lower the possibility of this happening. She added that since the vaccine roll-out is more successful than expected, economic activity towards pre-pandemic setting is closer than ever. This caused the growth stocks taking a leg, greatly affecting NASDAQ. The Dow added almost 100 points or 0.3% approximately, reaching a new intra-day as well as closing high. The Dow is currently on a three-day winning streak, as opposed to NASDAQ which is on a three-day losing streak after today’s session. NASDAQ dropped about 0.4%, still because of the decline in growth and tech stocks. Meanwhile, S&P ended hovering above the flat line after market wraps. Stocks: • The Dow Jones Industrial Average increased by 97.31 points or 0.29% and...

Stocks turned downhill after Yellen expressed her thoughts about the tax rates needing to be adjusted higher to avoid an overheating economy while the recovery from the pandemic is ongoing. The increase in tax rates would affect growth companies, and investors are mostly concerned about the rates taking a toll on the stock market’s recent movements especially the run-ups to record highs. Even with the Q1 reports of companies including Virgin Galactic Holdings (SPCE) and Lyft (LYFT) being above expectations, Wall Street met it with a shrug. Market reaction remained passive due to the said announcement, leaving the market drifting lower throughout the session. The Dow Jones Industrial Average managed to stay above the line today with a slight increase of 0.06%. On the other hand, S&P dropped by almost 0.70% and almost neutralized...

This was considered S&P’s best month performance since November of 2020 with a total increase of about 5%. On the other hand, NASDAQ was greatly affected by the slip on the tech stock’s side, dragging it down by a bit short from 0.50%. This is directly caused by the jumpstart of cyclical stocks and re-opening of the said establishments. Below is an overview for the movements in the market today: – The Dow Jones Industrial Average gained 0.70% and at 34,113.23.– S&P 500 Index increased by 0.27% and currently at 4,192.66.– NASDAQ Composite Index dropped to 13,895.12 after losing 0.48%.– Yield on 10 Year Treasury now at 1.6070%.– Gold up by $24.00 or 1.36% and now at $1,791.70 an ounce.– Crude up by $0.84 or 1.32% and closed at $64.42 per barrel. Federal Reserve Chair Jerome Powell...

The Libra ecosystem, a blockchain-based platform for eCommerce businesses, is proud to announce the second round of their much-anticipated airdrop program, which intends to give away 25 LC coins to each of the program participants. Here is all you need to know about the Libra Airdrop Program Round 2 and the process to participate in it. “Libra is a project that was created to help e-commerce vendors, dealers and portals to streamline their businesses using advanced technologies like the blockchain. The Libra Ecosystem uses the blockchain technology to offer solutions to the core problems of the traditional e-commerce industry, which include the need for middlemen, high cost of transactions, lack of transparency, limited payment methods, etc.,” says the Libra Coin founder and CEO. Libra Coin is an ETH-based digital currency that can be...

Killeen, TX/2021: Credit unions are member-owned nonprofit cooperatives that offer affordable and convenient financial services to members. Greater Central Texas Federal Credit Union is a reputed nonprofit financial institution that provides a plethora of financial services to its members in Killeen. It also provides financial education to its members to help them make smarter financial decisions. About The Credit Union The credit union was formed in 1957 by a group of nine teachers with the aim of catering to the financial requirements of its members. The proceeds of the institution are used to provide affordable financial assistance to anyone within West Bell County. The credit union enjoys an active association with prestigious organizations such as BBB, NCUA and Equal Housing Opportunity and is financially insured up to $250,000. It...

All ordinary and extraordinary resolutions have been adopted PARIS, France and CAMBRIDGE, Mass., May 11, 2021 (GLOBE NEWSWIRE) — BIOPHYTIS SA (Nasdaq CM: BPTS, Euronext Growth Paris: ALBPS), (“BIOPHYTIS” or the “company”), a clinical-stage biotechnology company focused on the development of therapeutics that are aimed at slowing the degenerative processes associated with aging and improving functional outcomes for patients suffering from age-related diseases, including severe respiratory failure in patients suffering from COVID-19, today announces the approval by a very large majority of all resolutions falling within the remit of the Combined General Meeting. BIOPHYTIS’ combined AGM took place today behind closed doors, due to the COVID-19 pandemic. 2077 shareholders participated to the vote, holding collectively 24 994 687 shares,...

HOUSTON, May 11, 2021 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced that it has entered into crude oil commodity swap agreements for a total of 672,533 barrels at a Dated Brent weighted average price of $66.51 per barrel for the period from and including May 2021 through October 2021. These swaps will settle on a monthly basis.  The Company is hedging a majority of its 2021 production volumes to protect cash flows which are expected to be used to fund the 2021/2022 drilling program of up to four wells and the potential Floating Storage and Offloading (“FSO”) unit capital upgrade costs if an agreement is executed. The Company entered into similar commodity swap agreements in January 2021. In total, VAALCO now has 70% of its production hedged through October 2021 at a Dated...

NEW YORK, May 11, 2021 (GLOBE NEWSWIRE) — Virtu Financial, Inc. (NASDAQ: VIRT) a leading, global provider of multi-asset liquidity, execution services, workflow technology and trade analytics reporting and data, today reported that in 1Q 2021, RFQ-hub surpassed its previous quarter record in single stock options by 37%. The bilateral multi-asset and multi-dealer request for quote platform delivered a notional trading volume of €24.6B (US$29.7B) for the quarter. Attracted by RFQ-hub’s transparency, competitive liquidity, operational efficiency, audit trail and embedded analytics, asset managers are increasingly relying on RFQ-hub to negotiate derivatives transactions. “In today’s environment, clients are looking for agile, enhanced solutions that help them keep pace with the evolving digital landscape,” said David Angel, Head of...

ALSTOM SA: FY 2020/21 results presentationAttachmentFY 2020-21 results presentation_VFinale