On June 8th, Kraken NFT announced that its platform is no longer in beta. According to the press release, the full launch comes with several interesting features including zero gas fees, and a chance to have an NFT that you own feature on a racing car. Kraken NFT Announces It Has Finished Beta Testing This Thursday, Kraken NFT announced its […]

After an initial move to the downside, treasuries showed a significant turnaround over the course of trading session on Thursday. Bond prices climbed well off their early lows and firmly into positive territory. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, slid 7.0 basis points to 3.714 percent after reaching a high of 3.821 […]

Ethereum scaling solution Optimism has deployed its long-awaited Bedrock upgrade, providing several improvements across the network. The upgrade is expected to significantly reduce transaction fees, provide greater network security, and enhance compatibility with Ethereum—pushing Optimism closer to its vision of becoming a “superchain.” What is the Bedrock Upgrade? The Optimism team has recently released the first official version of OP Stack, […]

Fintel reports that on June 6, 2023, Goldman Sachs maintained coverage of KB Home (NYSE:KBH) with a Buy recommendation. Analyst Price Forecast Suggests 1.56% Downside As of June 1, 2023, the average one-year price target for KB Home is 45.25. The forecasts range from a low of 29.29 to a high of $58.80. The average price target represents a decrease […]

There are 14 earnings reports scheduled for Wednesday, 5 before markets open and 9 after markets close for the day. The following table is based on data from Briefing.com and includes a consensus forecast in dollars for quarterly earnings per share and EPS reported last year, and the consensus forecast for quarterly revenue in thousands of dollars. Companies marked with […]

After years of a low interest rate environment, which has been trending higher over the past 12 months, many investors have turned to equities not only for the growth potential but also for solid and dependable dividends that help to provide a passive income stream. What this equates to is total return, which is one of the most powerful investment […]

Crude oil prices settled higher on Monday despite paring a substantial portion of early gains. Oil prices rallied after Saudi Arabia, the world’s largest crude exporter, pledged to cut its production by another 1 million barrels per day in July. Saudi Arabia will reduce its output to 9 million bbl/day in July from about 10 million bbl/day in May, its […]

Following the notable pullback seen in the previous session, treasuries showed a lack of direction over the course of the trading day on Monday. Bond prices bounced back and forth across the unchanged line before closing roughly flat. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, crept up by less than a basis point […]

Premarket action on Monday had the three major U.S. indexes trading mixed. The Dow Jones industrials were up 0.04%, the S&P 500 up 0.03% and the Nasdaq 0.14% lower. At Sunday’s meeting of OPEC+ oil ministers, the cartel agreed to cut production by 1 million barrels a day in July. The cut may or may not be extended through the […]

On Wednesday, the Manhattan federal court in New York received a third added complaint in a proposed class action first filed on June 16, 2022. The complaint accuses Elon Musk of insider trading, compiling a wide range of activities under one legal umbrella to bolster the case. For instance, Musk’s appearance on Saturday Night Live (S46E18, May 8, 2021) was […]