GameStop declared a 4-for-1 stock split Wednesday, sending shares of the videogame retailer higher in after-hours trading. The Grapevine, Texas-based company proposed a stock split in March, although...
Tag: Commodity
Smart Contracts Enables Commodity Trading Transformation, GSCG Report Shows
Given that commodity trading is highly fragmented, blockchain-driven smart contracts can transform this sector by redefining market transactions and transparency, according to a Global Smart Commodity...
Russia Targets Europe With a Commodity Weapon: Kazakh Crude
(Bloomberg) — Russian President Vladimir Putin has found another weapon to use against European countries supporting Ukraine — Kazakhstan’s crude — and it will cost him almost nothin...
S&P 500, Nasdaq book 3rd day of gains after Fed minutes point to another big rate increase this month to tackle inflation
U.S. stocks end higher Wednesday after minutes of the Federal Reserve’s June policy meeting signaled another big interest rate-hike is likely later this month despite the risk of slowing economic grow...
Alibaba Stock Is Rising Again. Why Chinese Tech Could Keep Outperforming.
Text size Alibaba stock had a tough run in 2021. Greg Baker/AFP via Getty Images Alibaba lost almost half of its market value last year while the S&P 500 gained more than 25%, disappointing inves...
The Stock Market Is Closed Today. It’s Dropping Anyway.
Text size The stock market roller-coaster ride continued Monday even with trading in the U.S. closed for the Fourth of July holiday. Lie Ma/Xinhua via Getty The stock market is dropping even though it...
Peter Thiel-Backed Crypto Lender Vauld Suspends Withdrawals
A cryptocurrency lender backed by Peter Thiel and Coinbase Global Inc. suspended withdrawals, trading and deposits on its platform, citing volatile market conditions and financial difficulties facing ...
European natural gas prices surge as Norwegian outage adds to supply woes
Natural gas prices in Europe surged on Monday to their most expensive since the early stages of Russia’s invasion of Ukraine as proposed strikes in Norway increased fears about inadequate supply. Natu...
Is the Stock Market or Post Office Open Today? The Fourth of July Trading Hours.
Roberto Schmidt/AFP/Getty Images Text size Investors are likely getting out their hamburger buns—and putting away their stock trading apps—on Monday for Independence Day. This year, the Fourth of July...
Bitcoin Prices Struggle Below $20,000. Why Tuesday Could Bring a Bigger Move.
Text size Bitcoin has failed to consistently breach the key $20,000 mark. Ozan Kose/AFP via Getty Images Bitcoin and other cryptocurrencies were largely unchanged on Monday, with digital assets contin...
Falling Commodity Prices Raise Hopes That Inflation Has Peaked
A slide in all manner of raw-materials prices—corn, wheat, copper and more—is stirring hopes that a significant source of inflationary pressure might be starting to ease. Natural-gas prices shot up mo...
Stock Market Today: U.S. Futures Wobble, Global Stocks Rise on July 4 Holiday
Text size Wall Street is closed for the Fourth of July. Angela Weiss/AFP/Getty Images Global stocks were mostly higher and U.S. futures wavered on the Fourth of July. While it is set to be a quiet day...
Is the Stock Market Open Today? Here Are the Fourth of July Trading Hours.
Roberto Schmidt/AFP/Getty Images Text size Investors are likely getting out their hamburger buns—and putting away their stock trading apps—on Monday for Independence Day. This year, the Fourth of July...
Fraudulent Bitcoin Commodity Pool Worth $1.7B Investigated by CFTC
Mirror Trading International Proprietary Ltd has been alleged by the CFTC. Steynberg claims that MTI’s algorithms provide a 10% monthly ROI. According to a statement released Friday, U.S. regulators h...
GM, NIO, and 3 More of the Best Car Stocks for the Second Half of 2022
Text size The average automotive stock dived about 25% in the second quarter. Drew Angerer/Getty Images The first half of 2022 was painful for the automotive sector, with most car stocks dropping fart...
Gas prices edge down just in time for July Fourth travel — here’s why
It’s a cool breeze during a hot moment, but it’s not the summer weather. As record-breaking numbers of Americans pack their cars and travel to Fourth of July barbecues that will cost them more than la...
The 60-40 portfolio is supposed to protect investors from volatility: so why is it having such a bad year?
The first half of 2022 has been a historically bad stretch for markets, and the carnage hasn’t been limited to stocks. As stocks and bonds have sold off in tandem, investors who for years have relied ...
Grayscale Bitcoin Trust’s Discount Is Tempting. Why It’s Not a Slam Dunk.
There is a way to buy Bitcoin for nearly a third less than the market price, but investors do so at their peril. That is the broad lesson to draw from the travails of the Grayscale Bitcoin Trust (tick...
Crypto hedge fund Three Arrows files for U.S. bankruptcy
Crypto hedge fund Three Arrows Capital has filed for bankruptcy under Chapter 15 of the U.S. Bankruptcy Code, according to a court filing in the Southern District of New York on Friday. Three Arrows C...
Forget the 1970s — this market is drawing comparisons to the 1870s
The current high inflation environment is often compared to the 1970s. But perhaps a more apt comparison would be to the 1870s. According to Bank of America, government bonds are on track for their wo...
The S&P 500 Had Its Worst First Half Since 1970. What the Second Half Holds.
The S&P 500 has posted its worst first half of a year since Richard Nixon’s presidency, and many investors worry it has yet to hit bottom. In the first six months of 2022, the widely followed larg...
Opinion: Stocks could drop 50%, Nouriel Roubini argues. Things will get much worse before they get better.
NEW YORK (Project Syndicate)—The global financial and economic outlook for the year ahead has soured rapidly in recent months, with policy makers, investors, and households now asking how much they sh...
Here’s why this trader is piling back into one of the year’s hottest commodities
The end of June is nigh and good riddance. Down about 7%, only March has delivered a win for S&P 500 SPX, -0.07% investors this year, as pandemic fallout has been compounded by Russia’s brutal and...
There may be another shoe to drop after Micron’s big outlook miss
Micron Technology Inc. delivered an outlook that fell far short of the consensus view, prompting questions about how the memory market will fare in a downturn. The company expects August-quarter reven...