Source: The Block The Tron decentralized autonomous organization is set to withdraw another 3 billion TRX from crypto exchanges in a bid to support Decentralized USD moving forward. TRX is up 2.82%, while USDT is up 0.03%. Tron DAO said it will acquire another 3 billion TRX, estimated to be worth $180 million based on the prevailing price.The organization took to Twitter … [Read more...] about Tron DAO to Pull Out Additional 3 Billion TRX
Forex News
Jabil’s Q3 Earnings Per Share Beats Estimate by 10%, Upgrades Guidance
Source: Jabil Jabil reported third-quarter earnings per share of $1.72, $0.10 better than the analyst estimate of $1.62. JBL down -0.94%, CLS up +1.83%, Pre-market trading The company’s revenue for the quarter came in at $8.3 billion, compared to the consensus estimate of $8.22 billion.Jabil’s diversified manufacturing services (DMS) year-on-year revenue growth was 7%, … [Read more...] about Jabil’s Q3 Earnings Per Share Beats Estimate by 10%, Upgrades Guidance
Federal Reserve Hints at Further Policy Tightening After 75-Basis Point Hike
Source: Federal Reserve The United States is set to tighten monetary policy further after the 75 basis points hike this week, citing inflationary risks and pressures on global economic activity. QQQ is down 2.22%, and SPY is down 1.98% premarket. The Federal Open Market Committee has hiked its federal funds target range to 1.5% to 1.75% and sees that ongoing increases … [Read more...] about Federal Reserve Hints at Further Policy Tightening After 75-Basis Point Hike
Robinhood Shares Fall on Atlantic Equities Downgrade
Source: Seeking Alpha Shares of American financial services firm Robinhood Markets slipped on Wednesday following a rating downgrade from Atlantic Equities. HOOD is down 3.53%, while COIN is up 3.23%. Robinhood shares fell by 2.6% on premarket trading and fell even lower by 4.36% when the market officially opened.The decline comes after Atlantic Equities analyst John … [Read more...] about Robinhood Shares Fall on Atlantic Equities Downgrade
European Central Bank Eyes New Anti-Fragmentation Instrument
Source: CNBC The European Central Bank is eyeing to establish a new tool that will ease fragmentation risks in the eurozone as it seeks to address debt crisis concerns. EZU is up 1.99%, while VGK is up 1.83%. The ECB said it will reinvest availments on its emergency bond purchasing program to fast-track the design of a new anti-fragmentation instrument.ECB Executive Board … [Read more...] about European Central Bank Eyes New Anti-Fragmentation Instrument
