EUR/USD 1.15964
0.067%
Gold 4343.51
0.800%
Oil 76.695
-3.939%
USD/JPY 160.352
0.004%
GBP/USD 1.34114
-0.007%
GBP/JPY 215.059
0.006%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On June 16th, Robinhood (HOOD.O) announced it will cut approximately 10% of its workforce, or about 300 positions, to "stay lean and disciplined" while developing new products. According to regulatory filings on Tuesday, in addition to layoffs, the company will also close a small number of unfilled internal positions. Robinhood joins a group of fintech companies recently laying off employees, including Block, Crypto.com, Coinbase, and PayPal. While many companies cite artificial intelligence as one reason for job cuts, Robinhood stated that the layoffs aim to help the company "maintain a high-performance culture, further accelerate product development, and stay lean and disciplined." According to its annual report, as of the end of last year, Robinhood had 2,958 full-time employees, with over 2,600 located in North America. According to Tuesdays filing, the company will recognize approximately $20 million in restructuring charges this quarter, primarily related to employee severance and benefits costs; in addition, it will incur approximately $8 million in share-based compensation-related expenses.June 16th - According to foreign media reports, sources say that Xiaohongshu has hired investment banks including Goldman Sachs and CICC to service its potential Hong Kong IPO. The specific fundraising size and valuation of the IPO are currently unclear. However, two other sources said that Xiaohongshus valuation once reached as high as $50 billion in private secondary market transactions at the end of last year. They indicated that Xiaohongshu could list as early as the second half of this year. Bloomberg reported on Xiaohongshus listing plans on Monday, stating that the company is preparing to secretly submit its Hong Kong listing application before the end of June. Since 2025, Xiaohongshus monthly active users have exceeded 400 million. Sources say that Xiaohongshus expected profit in 2026 is projected to reach $3 billion.Moderna expects to launch three potential new products in 2027 and 2028.Ukrainian President Zelensky: It is crucial to meet with Putin before winter arrives.June 16 (Xinhua) -- The 15th China International Service Outsourcing Trade Fair opened in Wuhan, Hubei Province, on June 16. The "China Digital Services and Service Outsourcing Development Report (2026)" released at the fair shows that over the past 20 years, the contract execution value of Chinas service outsourcing industry has increased from US$1.38 billion to US$303.24 billion, a growth of approximately 220 times; the number of enterprises has increased from about 500 to more than 90,000, and the number of employees has increased from less than 60,000 to 17.655 million.

S&P 500 Price Forecast — Stock Market Looking for Footing

Florala Chen

Aug 24, 2022 15:54

微信截图_20220824155053.png


In the E-mini contract, the S&P 500 has gained a little bit of stability during the Tuesday trading session as we get closer to a critical support level.

Technical Analysis of the S&P 500

In the early stages of the E-mini contract, the S&P 500 has moved in a rather narrow range. Having said that, this week is the Jackson Hole Symposium, which is practically guaranteed to make a lot of noise. In this case, I believe the trading public will be paying great heed to central bankers' pronouncements, which, of course, may sometimes result in complete pandemonium.


In this case, I believe we could have a brief rebound followed by increased selling pressure. The 200-Day EMA is located around 4185, and there is considerable resistance at the 4300 level above. It's also important to pay attention to the 50-Day EMA, which is at 4082 and climbing below; it may provide dynamic support.


I do believe that it is extremely possible that traders will look to the 50-Day EMA to salvage the market upward, regardless of whether or not this turns out to be the case. If we break it down below that, the market is probably just trying to get to the 4000 level. Anything below the 4000 mark indicates that we have once again altered our mentality and that more downside is yet to come.


One thing you can certainly bet on, in my opinion, is a lot of noisy volatility, mostly as a result of the central bankers' ranting in Wyoming. They will almost certainly underline their resolve to battle inflation, which means that monetary policies will continue to tighten throughout the globe.

Suggestion