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Boxed Stock Price Crashed 49% Amid Looming Bankruptcy or Sale
The Boxed Inc (NYSE: BOXD) stock price crashed 49% after revealing that it held all its funds in Silicon Valley Bank (SVB) accounts and that its corporate credit cards were also maintained via SVB. The company also revealed t
Why Credit Suisse Stock Price Fell 28% on Saudi Bank’s Decision
The Credit Suisse Group AG (NYSE: CS) stock price fell 28.4% after its largest shareholder, the Saudi National Bank, said it would not give the troubled bank any further financial assistance. The Chairman of the Saudi bank sa
Binance Suspends UK Deposits: What’s Next for Its Customers?
The UK customers of Binance.com woke up to the news that the crypto exchange was shutting down deposits and withdrawals in Sterling pounds offered through the Paysafe payment processor. Other deposit and withdrawal options ar
Mosman Oil & Gas (MSMN) Shares Rose on Oil Reserves Upgrade
The Mosman Oil & Gas Ltd (LON: MSMN) shares rallied 16.7% after revealing that the proved reserves at its Cinnabar Project in Tyler County, Texas, had increased by 78%. In addition, the company noted that after the succes
Prudential Shares Plunged 7.2% on Slow Hong Kong Travel Rebound
The Prudential plc (LON: PRU) share price plunged 7.16% after releasing its full-year results for 2022. The UK insurance company is now fully focused on the Asian and African markets that promise significant growth in the com
MGC Pharma Shares Surged 6.67%, but Later Fell – Here’s Why
The MGC Pharmaceuticals Ltd (LON: MXC) share price surged 6.67% after enrolling the first patient in its proprietary data collection App and machine learning algorithm, ZAM. The app will collect the data from an observational
Why Centrica Shares Were Muted on Nuclear Reactors Extension
The Centrica PLC (LON: CNA) share price barely moved after announcing that it had decided to extend the lives of its two nuclear reactors. The company postponed closing the Heysham 1 and Hartlepool nuclear power stations to M
Eqtec Shares Surged 22.2% After Italia MDC Started Operations
The EQTEC PLC (LON: EQT) share price surged 22.22% after announcing that its Italia Market Development Centre (MDC) is finally operational and its technical commissioning team has started handover protocols for transferring t
ITM Power Shares Rallied 5.2% on Bessemer Power Supply Boost
The ITM Power plc (LON: ITM) share price rallied 5.22% after revealing that it had signed a contract with Power On Connections Ltd to increase the power supply at ITM’s Bessemer Park by 300% from 7.5 to 30 megavolt amperes (M
US Dollar Index Drops After SVB and Signature Bank Collapse
The US Dollar Index (DXY) was trading down over 100 pips as the dollar fell against a basket of its peers led by the Sterling pound and the euro. The dollar’s decline started last week as the Silicon Valley Bank saga unfolded
Provention Bio Stock Soared 259% on Sanofi’s $2.9Bn Acquisition
The Provention Bio Inc (NASDAQ: PRVB) stock price soared 259% after news emerged that leading pharma company Sanofi had agreed to acquire the company for $2.9 billion in cash, which means that each outstanding PRVB share will
Aridis Pharma (ARDS) Stock Rallied 56.3% on Drug Trial Results
The Aridis Pharmaceuticals Inc (NASDAQ: ARDS) stock price rallied 56.3% after its phase 2a study of AR-501, evaluating the safety and pharmacokinetics of three ascending doses of AR-501 met its primary and secondary endpoints
Direct Line Shares Plunged 8.6% on £45M FY22 Loss. What Next?
The Direct Line Insurance Group PLC (LON: DLG) share price plunged 8.56% after releasing the preliminary results for the 2022 financial year. The insurance group reported a 94.6% decline in operating profits to £32.1 million
Carnival Shares Fell 5.1% Despite Record P&O Cruise Bookings
The Carnival plc (LON: CCL) share price fell 5.1% despite reporting excellent booking data from its subsidiary P&O Cruises about the Wave booking period. The cruise line revealed that P&O Cruises had recorded record-b
SVB Share Price: HSBC Buys SVB UK for £1 To Protect Depositors
The SVB Financial Group (NASDAQ: SIVB) went into receivership on Friday after its customers withdrew over $42 billion of deposits from its coffers, creating the much-dreaded bank run. In the past, no bank has survived a bank
GBPUSD Rallied on Upbeat UK GDP Despite Positive Nonfarm Data
The GBPUSD currency pair was trading up over 145 pips as the British pound rallied against the US dollar, boosted by the release of upbeat UK GDP data. According to the Office for National Statistics, the British economy grew
Molecular Templates (MTEM) Stock Rallied 34% on FDA Approval
The Molecular Templates Inc (NASDAQ: MTEM) stock price rallied 34% after the United States Food and Drug Administration (FDA) cleared its Investigational New Drug Application (IND) following a review, allowing it to proceed w
SVB Share Price Extends Losses by a Further 49.4% Premarket
The SVB Financial Group (NASDAQ: SIVB) share price was trading down 49.4% premarket, extending yesterday’s 60.41% decline. The crash occurred after the bank announced a $1.75 billion capital raise to plug a hole created by s
Scottish Mortgage (SMT) Shares Have Fallen 12.9%. What’s Next?
The Scottish Mortgage Investment Trust PLC (LON: SMT) share price has fallen 12.9% over the past month as the growth stocks the company invests in pulled back. The question looming on most SMT shareholders’ minds is, will the
Amigo Shares Fell After Failing to Raise Commitments Worth £45M
The Amigo Holdings PLC (LON: AMGO) share price fell after admitting that it will most likely be unable to raise the £45 million mandated by the Scheme of Arrangement sanctioned by the UK High Court. The company admitted that
