Target Financial News

Citigroup is scheduled to report third-quarter earnings before the opening bell Friday.

There were hints that of late, the STEPN’s primary focus was on promoting its parent company Find Satoshi Lab, besides focusing on new projects to be released such as the NFT exchange market.

An oil supply cut from the Organization of the Petroleum Exporting Countries threatens to deepen a global energy crisis by sending oil prices higher at a time of already elevated inflation and weak economic growth, the International Energy Agency said.

An activist investor that has long targeted Kohl's is ratcheting up the pressure, calling on the department store chain to make changes to its board or face another proxy fight.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.

DonAlt shared a new Bitcoin price prediction today to Twitter and YouTube, where he has a combined 469,000 followers including subscribers to the TechnicalRoundup YouTube channel.

Federal Reserve officials have been surprised at the pace of inflation and indicated at their last meeting that they expect higher interest rates to remain in place until prices come down, according to minutes released Wednesday from the central bank's September meeting. In discussions leading up to a 0.75 percentage point rate hike, policymakers noted that inflation is especially taking its toll on lower-income Americans. They reiterated rate hikes are likely to continue and higher rates will prevail until the problem is showing signs of resolving. «Participants judged that the Committee needed to move to, and then maintain, a more restrictive policy stance in order to meet the Committee's legislative mandate to promote maximum employment and price stability,» the meeting summary stated. Officials further noted that with inflation «showing little sign so far of abating … they had raised their assessment of the path of the federal funds rate that would likely be needed to achieve the Committee's goals.»

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.

Non-fungible tokens were in the news this week after the creators of Bored Ape Yacht Club became the latest high-profile target of the SEC. The financial watchdog wants to determine whether NFTs are securities. While that will happen in the future, for now, digital collectible sales haven't stopped, and this week brings more exciting new collections, including a collection from Hollywood legend Sir Anthony Hopkins.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.

LONDON—The Bank of England extended support targeted at pension funds for the second day in a row, the latest attempt to contain a bond-market selloff that has threatened U.K. financial stability.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.

The European Union (EU) lawmakers have passed the Markets in Crypto Assets Regulation (MiCA) bill, a landmark piece of legislation aimed at regulating the digital asset market. The members voted 28 to 1 in favor of the landmark new crypto laws. The bill will pass onto the European Parliament for a final vote in the next parliament session. The laws will come into effect in 2024.

A fascinating part of crypto bear markets is the price action. When hype is removed from the sphere and in a macroeconomic risk-off environment, is it only projects delivering needed utility that can thrive. In lots of regards, investing in a bear market is far easier than investing in a bull market. The famous adage perfectly encapsulates this idea: ‘A rising tide lifts all boats.’ In the bear market, utility is everything and projects with shaky value propositions crumble. A new Ethereum-based token, Uniglo (GLO) has delivered a long-term value store and continues attracting a swelling base of investors. GLO is on track to reach a price target of $1.20 and will achieve this way before Cronos (CRO) or Algorand (ALGO). 

Here are the companies making headlines before the bell:

Growth across the global asset management industry is forecast to slow significantly over the next decade, with fund houses advised to target retail investors and build their private markets expertise to ensure they have the best chance of winning new money.

Billionaire hedge fund manager Paul Tudor Jones believes the U.S. economy is either near or already in the middle of a recession as the Federal Reserve rushed to tamp down soaring inflation with aggressive rate hikes.

City grandee Martin Gilbert has stepped down from the boards of two of Abrdn's funds due to “potential conflicts of interest” with other businesses he is involved with.

Some of the world's largest listed companies fall short when it comes to employee mental health, with a handful of US banks including JPMorgan and Morgan Stanley named among firms with more work to do.

Major crypto exchange Binance has decided to temporarily freeze the activities of its blockchain, BNB Chain, after hackers exploited a bug to steal millions worth of crypto.

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