Markets

Amazon.com Inc is finalizing its acquisition deal with robotic car company Zoox. The acquisition that is projected to be worth $1 billion is Amazon’s debut into car manufacturing. AMZN stock is up.Companies with good Merger and Acquisition (M&A )history particularly companies with the resources to acquire others may be seen by observers as market predators. The U.S Stock market is filled with numerous companies with large capital bases that smaller startups may not have to achieve their...

Albertsons supermarket has just announced its decision to go public with its downsized IPO. The Cerberus with a 31.9% stake in Albertsons post-IPO believes the company will achieve success when market demands stabilize.The real test of a company’s growth is its stride to scale up in a bid to get listed on a stock exchange. The hurdles to cross the listing process are as varied and related to the company’s resilient history as well as their unique offering which future investors can trust to...

Nike (NKE) stock dropped 3.94% to trade at around $97.40. The drop is being attributed to the unexpectedly poor results of the 2020 fourth quarter and full year that ended May 31, 2020.American multinational corporation that specializes in footwear and other products, Nike Inc (NYSE: NKE), yesterday reported its fiscal 2020 fourth quarter and full-year results that ended on May 31, 2020. Due to the unexpected quarterly net loss, its NKE stock has declined in value in the after-hours. The...

Bitcoin cash price started a fresh decline from the $245 resistance against the US Dollar.The price broke the $235 support and revisited the $225 support zone.There is a major bearish trend line forming with resistance near $241 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair remains at a risk of more downsides if there is a daily close below the $225 support.Bitcoin cash price is trading in a bearish zone and testing the $225 support against the US Dollar. BCH/USD...

We’ve often heard about how much bitcoin is presently circulating throughout the financial markets. At the time of writing, about 18 million units of BTC have been extracted or mined since the currency was founded, which means that there are only about three million units left.Bitcoin Is Close to Being Fully MinedBitcoin is a finite currency. It cannot be continuously printed or developed the way fiat can, and analysts say there are only about 21 million bitcoin units available to the world....

The coin pulls back below $0.12 after increasing by 8% in a week.After a slight breakdown, sellers are now eyeing the 12000 SAT level.CRO remains bullish on the mid-term despite 4% drops overnight.CRO/USD: Price Consolidating After DropKey Resistance Levels: $0.1193, $0.126Key Support Levels: $0.113, $0.105CRO/USD. Source: TradingViewAfter breaking last week’s high at $0.1193, Crypto.com recorded a new high around $0.126 on Tuesday before the price dropped to where it’s currently changing...

Following the low rating of Tesla vehicles, TSLA stock fell. On June 24, it closed at $960.85 and dropped to $954.27 at the opening today.American-based data analytics and consumer intelligence company JD Power has released the results of its 2020 Initial Quality Study that measures vehicle quality in the first 90 days of ownership. Unexpectedly, the leading U.S. carmaker Tesla Inc (NASDAQ: TSLA) has taken the last position in the JD Power survey. Let us see what’s wrong with Tesla cars and...

Slack Technologies (WORK) is up today after a loss of 6.08% yesterday. The company has announced its news tech package called Slack Connect, which enhances its real time-communication across up to 20 clients.The American software company, Slack Technologies Inc (NYSE: WORK) is working to position itself as the preferred business partner during the COVID-19 crisis. However, it does not mean its stock is immune from the coronavirus market disruption that has put many businesses globally at risk...

Two days ago, when everyone was bullish watching Bitcoin’s astonishing move breaking above the $9400 towards the $9800 in a matter of hours, we mentioned the importance of the $9800 level.That level created another touch in the descending trend-line, which is marked yellow on both charts below. This was the ninth (!) attempt to break that tough resistance. Guess what? Nine attempts – zero success (aside from the fake-out on June 1st).When you don’t score, the other team will. And when Bitcoin...

Litecoin price started a sharp decline after it failed to clear the $45.00 resistance against the US Dollar.LTC price is now trading well below $43.50 and the 55 simple moving average (4-hours).There is a major bearish trend line forming with resistance near $44.50 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair remains at a risk of another decline if it fails to stay above $41.00 and $40.00.Litecoin price is trading in a bearish zone against the US Dollar, similar...