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Please note that our Privacy Policy, Terms of Use, Cookies, and Do Not Sell My Personal Information have been updated.CoinDesk is an award-winning media outlet covering the cryptocurrency industry. Its journalists adhere to strict editorial policies. In November 2023, CoinDesk was acquired by Bullish Group, owner of Bullish, a regulated digital asset exchange. Bullish Group is majority owned by Block.one, and both companies have interests in various blockchain and digital asset businesses and hold significant amounts of digital assets, including Bitcoin. CoinDesk operates as an independent subsidiary with an editorial board to protect the independence of its journalism. CoinDesk employees,…

A look at companies in midday trading: 3M — Shares soared 23% to a 52-week high after the office supplies and adhesives maker reported better-than-expected quarterly results. 3M reported second-quarter adjusted earnings of $1.93 per share, beating LSEG’s forecast of $1.68 per share. Revenue also beat expectations. Dexcom — Shares plunged 40.7% after the medical device maker missed expectations on second-quarter earnings and provided weak full-year guidance for the measure. Dexcom reported revenue of $1 billion for the three months, below the consensus estimate of $1.04 billion from analysts surveyed by LSEG. Coursera — The online course provider soared 44.7%…

Dive Overview: Wheeling, West Virginia-based WesBanco has agreed to acquire Defiance, Ohio-based Premier Financial Corp. and its Youngstown-based banking subsidiary in a stock swap valued at about $959 million, the banks announced Friday.. The transaction, expected to close in the first quarter of 2025, will create a bank with approximately $26.9 billion in assets, $20.6 billion in deposits, $19.1 billion in loans and 250 branches across nine states, the banks said.. WesBanco plans to raise about $200 million in capital by Aug. 1 to support the merger, including a $125 million investment from Wellington Management, as well as investments from…

Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs 50 lakh on HSBC Asset Management (India) Private Limited after finding that the 2023 order exempting AMCs was “wrong and prejudicial to the interest of the securities market”.SEBI was probing whether the fund house had properly recorded the reasons for its investment decisions, among other things. The market regulator was also looking into the reasons for sale of three shares — Hindustan Zinc, Sadhbav Engineering and Vodafone Idea — which resulted in losses of Rs 1.61 crore, Rs 1,497 crore and Rs 2,543 crore, respectively.…

A key indicator for the Federal Reserve showed inflation easing slightly in June from a year earlier, paving the way for a widely expected interest rate cut in September.The Commerce Department said Friday that the personal consumption expenditures price index rose 0.1% from the previous month and 2.5% from a year earlier, in line with Dow Jones expectations. It rose 2.6% year-over-year in May and was flat from the previous month.Federal Reserve officials use the PCE measure as their main gauge of inflation, which continues to run above the central bank’s long-run target of 2%.Core inflation, which excludes food and…

Bristol Myers Squibb Research and Development Center, Cambridge Crossing, Cambridge, Massachusetts, December 27, 2023.Adam Glanzman | Bloomberg | Getty ImagesBristol-Myers Squibb The company on Friday announced second-quarter profit and sales that beat expectations and raised its full-year outlook as it moves to cut costs.The pharmaceutical giant raised its full-year sales guidance to a “high-end” low-single-digit increase, up from its previous outlook for low-single-digit sales growth in April. The company also raised its 2024 adjusted earnings outlook to 60 cents to 90 cents per share from 40 cents to 70 cents. Bristol-Myers shares rose about 8% on Friday following the earnings…

Please note that our Privacy Policy, Terms of Use, Cookies, and Do Not Sell My Personal Information have been updated.CoinDesk is an award-winning media outlet covering the cryptocurrency industry. Its journalists adhere to strict editorial policies. In November 2023, CoinDesk was acquired by Bullish Group, owner of Bullish, a regulated digital asset exchange. Bullish Group is majority owned by Block.one, and both companies have interests in various blockchain and digital asset businesses and hold significant amounts of digital assets, including Bitcoin. CoinDesk operates as an independent subsidiary with an editorial board to protect the independence of its journalism. CoinDesk employees,…

For Frank Cappellelli, technical analysis (reading charts to identify patterns in stocks and other assets) is neither art nor science. “It’s both.” That’s because “you can look at indicators and use them differently than other people,” Cappellelli, founder and president of CappThesis, told CNBC senior market correspondent Dominic Chu in this special Pro Talks discussion available to all readers listed above. (Pro subscribers can watch the entire interview, including Cappellelli’s outlook for the stock market, here.) With 25 years of experience trading stocks and analyzing chart patterns, this technician shares how he got started in his career in technical analysis…

A look at companies making waves before the market opens: CrowdStrike — CrowdStrike shares rose nearly 2% after CEO George Kurtz said more than 97% of window sensors are back online after last week’s global IT outage. But the stock is on pace to fall 17% so far this week. Semiconductor stocks — The chipmaker industry tried to regain lost ground this week, with NVIDIA, Broadcom, Advanced Micro Devices, Qualcomm and Micron Technology all rising more than 2%. Deckers Outdoors — Footwear stocks surged 12% after Deckers reported first-quarter profit and sales that beat expectations. Deckers earned $4.52 a share…

Ambuja Cements shares were trading at Rs 680.3, up 0.64 per cent, at around 11.42 am IST on Friday. The stock had closed at Rs 675.95 in the previous trade. The benchmark Sensex index was trading at 80,657.84, up 618.04 points, at the same time. The stock has risen 53.39 per cent in the past one year so far, while the 30-stock index has risen 20.88 per cent in the same period. The stock’s 52-week high was Rs 706.85 and its 52-week low was Rs 404.0. The trading volume was 36,704 shares, with a price-earnings ratio of 46.9, EPS of…