All posts in Stock Market Updates

Despite a second consecutive day of better-than-expected inflation data, market indexes failed to sustain their bullish sentiment through Thursday’s close and ended the session broadly flat. The Dow gained a meager +0.08% while the S&P 500 countered -0.07%; the strongest indices of recent sessions — the tech-heavy Nasdaq and the small-cap Russell 2000 — closed down -0.58% and +0.18%, respectively. The producer price index (IPC) numbers continued this morning with the narrative that the consumer price index (CPI) started yesterday, following a downward slope in inflation metrics from June to july We are still at historically high price levels across…

BALTIMORE–(BUSINESS THREAD)–Sinclair Broadcast Group, Inc. (the “Company”) (Nasdaq: SBGI) and the management team of Diamond Sports Intermediate Holdings LLC (“Diamond”), its unconsolidated subsidiary, will host a conference call to discuss the second edition of Diamond. financial results for the quarter at 9:00 a.m. ET on Thursday, August 18, 2022. Diamond’s consolidated financial statements and management’s discussion and analysis and other additional information will be posted on the company’s website, www.sbgi.netunder the heading “Investors/Diamond Financials” prior to the call. There will be no press release in connection with the release of Diamond’s second quarter 2022 financial results. The call will be…

TSX: SIL | American NYSE: SILV VANCOUVER, BC, August 11, 2022 /PRNewswire/ – SilverCrest Metals Inc. (“SilverCrest” or the “Company”) is pleased to report the Company’s unaudited financial results for the second quarter of 2022 (“Second Quarter of 2022”). The unaudited condensed consolidated interim financial statements and management’s discussion and analysis (“MD&A”) for the three and six months ended June 30, 2022 are available on the company’s SEDAR profile a www.sedar.com or on the SilverCrest website www.silvercrestmetals.com. All amounts here are presented in United States Dollars, unless otherwise noted. The company’s top priority is the historic high-grade mining district of…

MONTREAL, August 11, 2022 /PRNewswire/ – IOU FINANCIAL INC. (“IOU Financial” or the “Company”) (TSXV: IOU), a leading online lender for small businesses (IOUFinancial.com), today announced the grant of options under its Stock Option Plan. The Company granted options entitling its senior officers, directors and certain officers and consultants to acquire up to an aggregate of 2,650,000 common shares of the Corporation (“Shares”) at an exercise price of $0.16. These options have a term of five years from the date of grant, with one-third (1/3) immediately vesting and one-third (1/3) vesting on each of the first and second anniversaries of…

Coinbase Global had at least one bright spot in a dismal quarter: fees earned from staking, where investors can earn returns by locking in certain cryptocurrencies. The problem? Coinbase says that same program is under scrutiny by the Securities and Exchange Commission. The company’s quarterly filing on Aug. 9 expanded the list of topics about which it says the SEC has sent it investigative subpoenas or other requests for documents. New to the list was the company’s process for listing assets, the classification of certain listed assets and its participation programs. This was in addition to queries shown in the…

The US sanctioning of a prominent cryptocurrency platform this week exposed technical gaps in the government’s ability to prevent criminals, domestic adversaries and extremist groups from using the services to launder money and finance their operations. Among the central challenges: Cryptocurrency platforms are increasingly run by computer code distributed among computers around the world, rather than people facilitating transactions, analysts said. The Treasury Department on August 8 imposed sanctions against Tornado Cash, a popular cryptocurrency platform known as a mixer because it combines funds from different users and redistributes them, obscuring their origin. The Treasury Department accused Tornado Cash of…

LEWISVILLE, Texas –(BUSINESS THREAD)–JCPenney, the shopping destination for America’s diverse working families, today announced the appointment of Stephanie Plaines as Chief Financial Officer (CFO), effective immediately. Plaines will direct all financial activities of the company. He will drive best-in-class execution in functions including financial strategy, real estate, capital deployment, credit services, sourcing and procurement, treasury and accounting. He will also apply decades of experience working with data to improve business performance and profitability. “JCPenney is investing for the long term as it executes on our customer-centric strategy to improve shopping experiences and build brand loyalty,” said Marc Rosen, CEO. “Stephanie…