Author: FX
TippapattShares of Qualigen Therapeutics (NASDAQ:QLGN) fell 21% on Tuesday following news that the company plans to participate in a funding round for Israeli medtech NanoSynex.The Carlsbad, Calif.-based oncology drug developer said it will be the first investor participating in a bridge round for NanoSynex, which plans to raise up to $500K, according to a statement. In December, Qualigen (NASDAQ:QLGN) announced it had regained compliance with Nasdaq’s minimum bid price and stockholders’ equity requirements. More on Qualigen Therapeutics Source link
Reserve Bank of New Zealand chief economist ConwayWithout future shocks, the OCR will tend towards the neutral interest rate.With declining inward migration and weak productivity growth, potential output growth is likely to be modest.The long-term nominal neutral interest rate currently lies between 2.5% and 3.5%.The Monetary Policy Committee is confident that remaining persistent domestic inflation pressures will abate.Easing domestic pricing intentions and a drop in inflation expectations will help open the way for some further easing of the OCR, as signalled in November. Nothing surprising here, the RBNZ is on a rate cutting path and there are more cuts to…
Stryker CFO to retire | Seeking Alpha Stryker (NYSE:SYK) said on Tuesday that Glenn S. Boehnlein will retire from his role as Vice President, Chief Financial Officer. Boehnlein’s decision follows a 22-year career at Stryker. Preston Wells, who currently serves as Group CFO for Stryker’s Orthopaedics Group, will assume the SymbolLast Price% ChgSYK–Stryker Corporation Source link
While the stocks continue to push higher, the USD is more stuck.EURUSD: The EURUSD moved below the 100 hour MA (at 1.04473)and swing area (1.0448 to 1.0461) in the Asian session and remains below those levels. The next key target comes in at the 50% of the move down from the December high at 1.04028 and the 50% of the range since the 2022 low (to the 2023 high) at 1.0405. The low price today reached 1.0413. The 200 hour MA is also lower (but rising) at 1.0399 currently. USDJPY: The USDJPY moved close to the 38.2% of the move…
The Dollar Index gains traction, hitting a fresh weekly high above 108.00 as market sentiment deteriorates. US Durable Goods Orders disappointed, declining by 2.2% in December, missing expectations for a 0.8% increase. Treasury Secretary Scott Bessent proposed gradual tariffs, but Trump pushed for higher, uniform rates, spooking investors. Consumer Confidence in January fell to 104.1 from December’s 109.5, reflecting growing concerns over the economic outlook. The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, extended its gains on Tuesday, consolidating above the psychological 108.00 level. Market sentiment soured after renewed concerns…
The US Dollar regained balance and rebounded sharply, helped by the modest rebound in US yields and another tariffs story, all ahead of the key FOMC event on Wednesday. Source link
Wells Fargo declares $0.40 dividend Source link
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Mackenzie US Investment Grade Corporate Bond Index ETF (CAD-Hedged) declares CAD 0.2727 dividend Source link
XPLR Infrastructure shares tank on distribution suspension Source link