Source: Continental Resources The Hamm family has proposed to take over petroleum and natural exploration and production firm Continental Resources Inc. CLR is up 8.82%, while PEMEX is down 3.98%. Continental Resources said the proposal came from Harold Hamm, the Harold G. Hamm Trust, and certain trusts for the Hamm family members.The Hamm family seeks to acquire all … [Read more...] about Hamm Family Proposes Full Takeover of Continental Resources
Forex News
Astra Plunges Over 20% After Rocket Launch Failure
Source: CNBC Shares of aerospace firm Astra posted a steep decline on Monday following the failure of its rocket launch carrying NASA satellites. ASTR is down 24.75%, while SPCE is down 8.95%. Stock prices of the firm recorded a decline of as high as 25% from its previous close of $2.02.The decline comes after its rocket LV0010 took off from Cape Canaveral in Florida, … [Read more...] about Astra Plunges Over 20% After Rocket Launch Failure
Valneva Shares Nosedives 19.2% After Report Europe May Ordered None of Its COVID-19 Vaccine Candidate
Source: Valneva Valneva SE stock plunged nearly 19% after the company stated it proposed a remediation plan to the European Commission after a report to terminate the purchase of its COVID-19 vaccine candidate. VALN down 19.20%, SPX down -3.10% The company stated if the deal slashes the total amount of vaccines in the order would impact the sustainability of the vaccine … [Read more...] about Valneva Shares Nosedives 19.2% After Report Europe May Ordered None of Its COVID-19 Vaccine Candidate
Blockchain, Crypto Equities Open Week With Double-Digit Declines
Source: Finbold Equities related to blockchain and digital tokens slipped in premarket trade on Monday, attributed to the risk-off sentiment due to growing concerns about inflation and interest rates. MARA is down 19.10%, RIOT down 16.05%, and COIN down 22.20% premarket. The biggest declines were seen in Marathon Digital Holding, Riot Blockchain, and Coinbase, which saw … [Read more...] about Blockchain, Crypto Equities Open Week With Double-Digit Declines
US Inflation Accelerates to 40-Year High
Source: Bureau of Labor Statistics Consumer prices in the United States continued to climb in May to mark the fastest pace in over 40 years. QQQ is down 1.86%, and SPY is down 1.58% premarket. Annual inflation clocked in at 8.6% in May, marking the biggest increase since December 1986.Annual core inflation stood at 6.0%, while monthly core inflation was 0.6%, unchanged … [Read more...] about US Inflation Accelerates to 40-Year High
