Category: Trading

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 […]

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 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 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 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 […]

August 29, 2023

U.S. stocks ended higher and the dollar extended its losses on Wednesday, as a slew of disappointing economic data raised the probability that the Federal Reserve will press the pause button in its efforts to rein in inflation. All the […]

August 25, 2023

Shares fell more than 3% before the bell despite the company topping Wall Street’s expectations for the recent quarter. Marvell posted earnings of 33 cents per share, excluding items, on $1.34 billion in revenue. Analysts surveyed by Refinitiv had forecast […]

August 24, 2023

Wall Street is really suffering through the dog days of August. The S&P 500 is down more than 3% this month, on pace to snap a five-month winning streak. The broader market index is also on track to post its […]

August 18, 2023

After weeks of listless trade and low turnover, volatility returned to the cryptocurrency market with a bang Thursday when the market slumped in minutes with little in the way of support seen to stem the fall. Bitcoin went into freefall […]

August 16, 2023

U.S. stocks closed lower on Wednesday, extending losses from the previous session, amid indications the Federal Reserve will continue to hold interest rates higher for longer to contain inflation. Prospect of a possible downgrade of several U.S. lenders by Fitch […]

August 15, 2023

Discover Financial Services — Shares slipped 6.5% after CEO Roger Hochschild resigned. The company said board member John Owen would assume the role of interim chief executive. Turnstone Biologics — Stock in the biotechnology company slipped 2.3% in premarket trading. […]

August 10, 2023

On the daily charts, despite the recent softness, BTC/USD has managed to hold quite strong support around 28500, roughly coinciding with the 89-day moving average and the lower edge of the Ichimoku cloud on the daily charts. BTC/USD 240-Minutes Chart […]

August 8, 2023

US stocks opened lower on Tuesday, with the Dow shedding almost 300 points as investors assess Moody’s downgrade of 10 small and mid-sized US banks. Moody’s slashed the credit ratings on the banks on Monday, while also placing several other […]

August 3, 2023

US stocks fell further on Thursday as bond yields continued to climb following Fitch’s US credit downgrade earlier this week. The rating agency slashed the US’s long-term credit rating from the top-tier AAA score to AA+ late Tuesday. The 10-year […]

August 1, 2023

U.S. stocks were mixed this morning, with the Dow Jones trading slightly higher on Tuesday. Following the market opening Tuesday, the Dow traded up 0.03% to 35,568.68 while the NASDAQ fell 0.57% to 14,264.52. The S&P 500, also fell, dropping, […]

July 21, 2023

American Express slid 3% after posting smaller-than-expected revenue for the previous quarter, even as earnings per share beat expectations. The company reported second-quarter earnings of $2.89 per share on revenue of $15.05 billion. Analysts polled by Refinitiv had expected per-share […]