Tag: market

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 29, 2023

The latest data out from the U.S. Bureau of Economic Analysis on personal consumption expenditures was released this morning. Disposable personal income(DPI), personal income less personal current taxes, increased $46.6 billion (0.2 percent) andpersonal consumption expenditures(PCE) increased $83.6 billion (0.4 […]

September 29, 2023

Tesla — Stock in the electric vehicle company added 1.5% in midday trading Friday. Canaccord Genuity reiterated a buy rating on the EV stock on Thursday ahead of vehicle deliveries data. Elsewhere, Citi remained neutral on Tesla and reduced its […]

September 28, 2023

MSCI’S global equities ended Friday’s choppy session slightly lower as investors prepared for a likely U.S. government shutdown and adjusted portfolios for the quarter’s end. Hardline Republicans in the U.S. House of Representatives on Friday afternoon rejected their leader’s proposed […]

September 27, 2023

Sirius XM — Shares of the media company fell roughly 2% in premarket trading. A day earlier, Liberty Media proposed combining the Sirius XM tracking stock with the radio company. A special committee composed of board members of Sirius XM […]

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 26, 2023

The chancellor is reportedly planning a radical shake-up of ISAs to encourage people to take advantage of the tax-free products, and boost investment in UK companies. According to a report in the Financial Times, Jeremy Hunt is considering introducing an […]

September 26, 2023

Fisker — Shares of the vehicle development company surged 4.1% during premarket trading after Bank of America reinstated coverage with a buy rating. BofA said Fisker offers investors “pure-play exposure to the rapidly growing EV market” and that it has […]

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

AstraZeneca — Shares of the British pharmaceutical company gained more than 2.7% in premarket trading after the company reported positive results for its drug Dato-DXd in a trial for treating a common type of breast cancer. Wayfair — Shares gained […]

September 22, 2023

Ford — Shares popped about 2% in midday trading after a CNBC report said both Ford and the United Auto Workers union are making headway on negotiations as the strike continues. Squarespace — The website builder popped 4.2% after UBS […]

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 21, 2023

Most Asian stocks moved in a flat-to-low range on Friday as markets continued to fret over rising interest rates, while Japan’s Nikkei trimmed some early losses after the Bank of Japan offered no changes to its ultra-dovish policy. Regional markets […]

September 20, 2023

This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting on July 26. Text removed from the July statement is in red with a horizontal line through the middle. […]

September 20, 2023

The Federal Reserve held interest rates steady in a decision released Wednesday, while also indicating it still expects one more hike before the end of the year and fewer cuts than previously indicated next year. That final increase, if realized, […]