Topline Though the stock market rallied on Thursday after a better-than-expected inflation report, one formerly bullish Tesla analyst has soured on the stock during its recent plunge, blaming CEO Elon...
Category: Finance
Live Finance News Updates.
Best currency pairs to buy as inflation cooled down in October
The most important economic report of the week, the US inflation data, was released earlier today. As it turned out, in October, inflation rose, but not as much as expected. In other words, it is cool...
Nio Q3 2022 earnings revenue loss guidance
Employees stand next to a ET7 sedan at a NIO Inc. dealership in Shanghai, China, on Wednesday, June 8, 2022. Qilai Shen | Bloomberg | Getty Images Chinese electric vehicle maker Nio on Thursday report...
Cathie Wood’s Innovation ETF surges 13%, on track for its best day ever
Catherine Wood, chief executive officer of ARK Investment Management LLC, participates in a panel discussion during the Milken Institute Global Conference in Beverly Hills, California, May 2, 2022. La...
Demonstration Of New Housing Subsidy Might Yield Results
Evaluation of how a new subsidy for housing costs will be key to learning if it will help people … [+] with urgent housing needs. getty Recently, the Department of Health and Human Services (DHH...
Markets Soar As Inflation Hits Lowest Level Since January
Markets made big gains off a positive inflation report. (Photo by Spencer Platt/Getty Images) Getty Images Key takeaways Inflation has increased 0.4% in October, below forecasts of 0.6%. This brings t...
Gensler pressed on FTX failure, warns investors to ‘be careful, beware.’
Securities and Exchange Commission Chair Gary Gensler continued to raise red flags about the crypto industry, and responded to questions about whether his agency has failed to go after large actors in...
This Cathie Wood stock is up 30% on Thursday: sell into the strength?
Unity Software Inc (NYSE: U) is up 30% on Thursday after the videogame-engine developer reported narrower than expected loss for its third financial quarter and issued encouraging guidance for the fut...
63% of Americans support the idea of new stimulus checks to combat hot inflation — and these states are stepping up to offer relief. But will it work?
63% of Americans support the idea of new stimulus checks to combat hot inflation — and these states are stepping up to offer relief. But will it work? High inflation, rising interest rates and labor s...
Elon Musk Reveals Twitter Will be Doing a “Lots of Dumb Things”
Centibillionaire Elon Musk bought Twitter on 27th October 2022. The deal which Musk was after since April this year and finally grabbed it with a hawkish move. From the day Tesla CEO officially took t...
Will Rocketize smash Dogecoin And Cronos in the future?
For more than a decade, cryptocurrencies have been in the spotlight, with both the mainstream media and traders reporting on their remarkable rise. There are hundreds of different cryptocurrencies, bu...
Gate.io Announces It Will Make Its Merkle Tree Proof of Reserves Solution Open Source
November 10, 2022 – Majuro, Marshall Islands The cryptocurrency exchange Gate.io has made its Merkle Tree proof of reserves solution open source. Announced by Gate.io’s founder and CEO Dr. Lin Han tod...
Brilliant England thrash India to reach T20 World Cup final
Jos Buttler and Alex Hales of England share a laugh as they celebrate victory during the ICC Men’s T20 World Cup Semi Final match between India and England at Adelaide Oval on November 10, 2022 ...
Encouraging CPI Inflation Report May Signal An Earlier Fed Pause
November’s CPI report for the month of October offered some early signs that U.S. inflation was … [+] falling. That may prompt the Fed to be less aggressive in hiking rates. Photographer: ...
Tron Dao to purchase 1 billion USDT to fight short sellers
The Tron DAO Reserve will purchase 1 billion USDT to fight short sellers after the tether, world’s biggest stablecoin, slipped below its peg to the U.S. dollar. “To safeguard the ov...
McDonald’s breaks out to a new high. A time to buy the stock?
Are you looking for a good stock to buy in the restaurant industry in a recession-troubled economy? McDonald Corporation (NYSE:MCD) is one such stock. The stock has a return of 2.43% year-to-date, com...
FTX Hurtles Toward Bankruptcy With $8 Billion Hole, US Probe
(Bloomberg) — The crisis engulfing Sam Bankman-Fried’s FTX.com is rapidly worsening, with the onetime crypto wunderkind warning of bankruptcy if his firm can’t secure funds to cover a shortfall ...
Moneyfellows Raised $31 Million (USD) In Series B Funding
The collaborative lending group and savings platform in Egypt had recently released its Series B funding. Moneyfellows, one of the popular fintech groups in Egypt, announced second quarter results wit...
Wakanda Forever’ aims to break box office records
Angela Bassett stars as Queen Ramonda in Marvel’s “Black Panther: Wakanda Forever.” Disney Long live the king. Disney’s latest entrant in the Marvel Cinematic Universe, “...
Lindsay Lohan Discusses Her ‘Falling For Christmas’ Netflix Film And Reveals Her Interest To Join Marvel
Lindsay Lohan in her new holiday Netflix film “Falling for Christmas.” Scott Everett White/Netflix © 2022 For nearly 25 years, Lindsay Lohan has reigned as the lovable heroine in such memo...
State Council Balances Zero Covid & The Economy As Guangzhou Takes Center Stage
China Last Night KraneShares Key News Asian equities were a sea of red, as Singapore and Malaysia managed small gains. The onshore versus offshore dynamic played out again overnight as offshore China,...
Stablecoin liquidity on Curve’s 3pool falls to lowest level since Luna crash
Liquidity for stablecoin swaps on the Curve 3pool is now at its lowest level since the Luna collapse in May as traders continue to swap Tether’s USDT for other stablecoins, namely DAI and USDC. This h...
What You Should Know Before Getting Into Yield Farming
Yield farming has become a major topic in crypto. With billions being locked into DeFi and crazy returns on investments, it was only a matter of time before this trend would become more and more popul...
How American customers were saved from the FTX mess
After a period of silence that felt like an eternity – after all, a day in crypto is a year anywhere else – the most notorious man in the industry emerged Thursday afternoon, amid the ongoing FTX coll...
Ebix Clocks 35% Revenue Growth In Q3 Despite Record FX Headwind
Ebix, Inc (NASDAQ: EBIX) reported third-quarter FY22 revenue growth of 35% year-on-year to $257.9 million, missing the consensus of $206.97 million. Segments: EbixCash Exchanges revenue grew 49.1% Y/Y...
Fantom, Cosmos, and Big Eyes
Are you seeking for any reliable new crypto investments that might make your money in the upcoming months work for you rather than against you? Although the terrain of the present bear market has been...
Coinbase CEO Brian Armstrong Weighs In on FTX Collapse, Says Regulators in Washington May Lose Faith in Industry
Coinbase head Brian Armstrong says the collapse of crypto exchange FTX may make US politicians more skeptical of the crypto industry. In a new interview with Bankless, Armstrong weighs in on the colla...
Covid outbreak worsens in southern Chinese city of Guangzhou
Guangzhou city in the southern province of Guangdong is the hardest hit in the latest Covid outbreak. Pictured here are closed stores in part of the city on Oct. 31, 2022. Vcg | Visual China Group | G...
Are Laid Off Employees At Beyond Meat The Scapegoat For Bad Management?
(FILES) In this file photo taken on November 15, 2019 Beyond Meat “Beyond Burger” patties made from … [+] plant-based substitutes for meat products sit on a shelf for sale in New Yor...
The Best Bonds To Buy For A 2023 Recession
Bonds the word on wooden cubes, cubes stand on a reflective surface, in the background is a business … [+] diagram. Business and finance concept getty One week ago, money-printer-turned-inflatio...
Solend accrues $6 million in bad debt from a single underwater loan
Solend, a lending protocol on Solana, has accrued a bad debt of more than $6 million from a large underwater position. After a sharp fall in the price of solana (SOL) — down about 50% in the las...