Category: Finance Tech

October 2, 2023

FTX’s multibillion-dollar cryptocurrency blowup hasn’t destroyed all faith in the industry. In a new documentary premiering Monday, FTX customers, insiders and investors tell CNBC that despite not receiving a single dollar’s worth of cryptocurrency back, they’re optimistic on the industry […]

October 2, 2023

Bitcoin’s rise to a minor resistance at the mid-September high of 27500 raises the odds that the two-month-long decline could be over. This follows a hold above strong support at the June low of 24750, which has kept intact the […]

October 2, 2023

EUR/USD fell sharply on Monday, weighed by broad-based U.S. dollar strength amid soaring U.S. Treasury yields, with the 10-year note pushing above 4.65% and hovering near its highest level since 2007. In this context, the pair sank about 0.5% in […]

September 28, 2023

Deluxe’s collaboration with Aliaswire marks its continued transition from checks to digital payments. In 2021, Deluxe CEO Barry McCarthy noted that the check division comprised about a third of the business. In July 2022, McCarthy said he anticipated the company’s […]

September 27, 2023

Oil prices rose sharply in Asian trade on Thursday, with U.S. crude futures hitting an over one-year high on continued signs of tighter supply, while positive data from China also aided sentiment. The signals helped markets largely look past concerns […]

September 25, 2023

AstraZeneca — Shares rose 1.4% after Jefferies upgraded the stock to buy from hold. The upgrade comes after one of its breast cancer therapies, in joint development with Daiichi Sankyo, came out with positive results in a late-stage trial on […]

September 25, 2023

The House Financial Services Committee last week passed a bill that would stop the Federal Reserve from working on a central bank digital currency, giving the full House a chance to consider the legislation. The legislation would amend the Federal […]

September 22, 2023

Gold prices fell about -0.6 percent over the past 24 hours as financial markets continued digesting the aftermath and implications of the Federal Reserve interest rate decision. In response, retail traders have increased bullish exposure in the precious metal. This […]

September 21, 2023

Cisco Systems, Splunk — Shares of Cisco fell 3.9% Thursday after the company said it is acquiring cybersecurity software company Splunk for $157 per share in a cash deal worth about $28 billion. Splunk’s stock price popped 19.1% on news […]

September 21, 2023

France 40: Retail trader data shows 50.49% of traders are net-long with the ratio of traders long to short at 1.02 to 1. In fact, traders have remained net-long since Sep 14 when France 40 traded near 7,344.90, price has […]

September 19, 2023

Starbucks — Shares fell 2% in midday trading following a downgrade to market perform from TD Cowen. Analyst Andrew Charles noted concern over macroeconomic headwinds in China that could hit consumer spending at Starbucks stores. Instacart — The grocery delivery […]

September 15, 2023

GBP has faced selling pressure this week weighed down in part by GDP data, with an increase in total earnings unable to arrest the slide. Now obviously there was some mitigating effects on the recently released data which may blur […]

September 14, 2023

Gold prices remain under pressure this Thursday after yesterday’s US CPI report showed elevated headline inflation despite a softer core inflation read. This translates through to sustained tight monetary policy by the Federal Reserve. Energy was the primary contributor to […]

September 14, 2023

The Australian dollar held early Asia gains against the US dollar after the Australian economy created more jobs than expected last month. The Australian economy created 64.9k jobs in August, compared with forecasts for a gain of 23k, following job […]

September 13, 2023

KeyCorp (KEY) reiterated its financials Tuesday, sending its shares higher — a rally that’s been seen in the wider financial sector recently. The stock, however, edged lower after Wednesday’s open on Wall Street. That’s because, according to Jim Cramer, investors […]

September 11, 2023

The British pound has started the week on the front foot as the US dollar softened but with key US economic data scheduled this week (see economic calendar below), the downside may be temporary. Markets will be focused on US […]

September 8, 2023

Gold continues to reflect a considerable negative correlation with USD and US treasury bond yields in a week that may pose little challenge to the greenback’s recent gains. A hotter services PMI print alluded to the continuing momentum of the […]

September 8, 2023

U.S. stocks are rising but still headed for a down week on renewed concerns about the future path of the Federal Reserve’s interest rates. At 10:50 ET (14:50 GMT), the Dow Jones Industrial Average was up 86 points or 0.2%, […]

September 7, 2023

Gold prices (XAU/USD) struggled for direction on Thursday, moving between small gains and losses near the $1,920 level, in a session characterized by limited volatility in the precious metal space amid modest U.S. dollar strength and subdued Treasury yields ahead […]

September 1, 2023

The top 500 US stocks ranked by market capitalization have partially recovered one of the deepest pullback seen during the current bull market. Rising risk-free rates (US treasuries) at a time when inflation has declined, has resulted in higher US […]