A Carvana glass tower sits illuminated on Feb. 23, 2022, in Oak Brook, Illinois. Armando L. Sanchez | Tribune News Service | Getty Images Check out the companies making headlines after hours. Carvana ...
Tag: Markets
AI Could Help Build More-Efficient Crypto Markets
In traditional finance, sentiment analysis was typically performed over news media. However, in the crypto market, by the time an update reaches the news, it’s usually already too late to make m...
Beyond Meat (BYND) Q4 2022 earnings
Vegetarian sausages from Beyond Meat Inc, the vegan burger maker, are shown for sale at a market in Encinitas, California, June 5, 2019. Mike Blake | Reuters Beyond Meat on Thursday reported a narrowe...
Great Investing and Trading Requires This ‘Weird’ Combination
Market action, like we have on Thursday, brings to mind something that Warren Buffett’s business partner, Charlie Munger, said: Good investing requires a weird combination of patience and aggres...
Base Protocol’s token jumps 250% despite no affiliation with Coinbase
Base Protocol’s token skyrocketed today, reaching a high of nearly $7.50 around 11:30 a.m EST after months of price stagnation below $1. The spike may have been caused by a misunders...
Jamie Dimon says the Federal Reserve has ‘lost a little bit of control of inflation’
JPMorgan Chase CEO Jamie Dimon said Thursday that the Federal Reserve has lost some control of inflation, but noted the U.S. economy continues to show signs of strength. “I have all the respect ...
Bitcoin flirts with $24,000; Coinbase pares gains following Layer 2 announcement
Markets • February 23, 2023, 11:45AM EST Cryptocurrency prices were up over the past day, relatively unaffected by the release of the Fed’s latest meeting minutes on Wednesday. Crypto-related st...
Black families’ net worth has grown since Covid, but wealth gap remains wide
Black families saw their wealth grow more than that of non-Black households during the pandemic, but the racial wealth gap is still vast, a new study showed. The average net worth among Black househol...
Domino’s Pizza, Lucid, Nvidia, Nikola and more
Lucid Air Courtesy: Lucid Motors Check out the companies making headlines in midday trading. Nvidia — The chip stock spiked 12% after Nvidia topped expectations on the top and bottom lines in its most...
OP token pops 7% following Coinbase Layer 2 announcement
Markets • February 23, 2023, 10:03AM EST Optimism’s token price soared following Coinbase’s announcement that it would build its Layer 2 network on the OP Stack and become a core developer...
The bond market’s worst-case scenario isn’t a Fed rate of 6%. It’s this.
A doomsday scenario for bonds in 2023 wouldn’t be the fed-funds rate reaching 6% by July. A bigger worry would be if U.S. inflation that’s been slow to retreat starts heading higher annually, said Jas...
Rolls-Royce shares soar after annual results crush expectations
Rolls Royce Trent XWB engines, designed specifically for the Airbus A350 family of aircraft, are seen on the assembly line at the Rolls Royce factory in Derby, November 30, 2016. Paul Ellis | Reuters ...
Ark Invest adds another $13 million worth of COIN
Cathie Wood’s Ark Invest made another large COIN purchase, this time coming in at over $13 million. Wood’s fund has added over $30 million in COIN shares this month alone. Ark added...
Cardano, Polkadot and Additional Ethereum Rival Are Leading Crypto Markets in Key Metric: Santiment
Crypto analytics firm Santiment says Polkadot (DOT), Kusama (KSM) and Cardano (ADA) are leading the markets in one key metric. Santiment says that the top three blockchain projects with the most devel...
US Futures Rise as Fed Aligns With Street Wagers: Markets Wrap
(Bloomberg) — US equity-index futures rose as investors grew confident the Federal Reserve’s peak interest rate would be within levels already priced in by markets. Most Read from Bloomberg Cont...
Fed minutes do little to shake crypto markets with BTC down 2.7%
Ad Fed minutes in-brief: 2% targeted inflation Low unemployment, 3.5% Fed funds target rate, 4.5% to 4.75%. Debate among meeting participants whether to raise interest rates by 50 basis points BTC rem...
UK economy in ‘a lot better shape’ than bleak figures suggest, fund manager says
People walk outside the Bank of England in the City of London financial district, in London, Britain, January 26, 2023. Henry Nicholls | Reuters LONDON — The U.K. has thus far avoided a widely anticip...
Jim Bianco warns stocks face serious competition
Traditional savings accounts are going up against stocks. And, the winner may be your neighborhood bank for the first time in years, according to Wall Street forecaster Jim Bianco. He contends rising ...
China tech companies are closely watching ChatGPT’s A.I. skills
A display at the World Artificial Intelligence Conference (WAIC) in Shanghai, China, on Friday, Sept. 2, 2022. Bloomberg | Bloomberg | Getty Images BEIJING — The business story of ChatGPT right now is...
Minutes show Fed members resolved to keep fighting inflation
Federal Reserve officials at their most recent meeting indicated that there are signs inflation is coming down, but not enough to counter the need for more interest rate increases, meeting minutes rel...
Bitcoin, crypto prices sink for second day; Coinbase down as markets look to Fed minutes
Cryptocurrency and stocks dipped as the focus turned to the release of the U.S. Federal Reserve’s January meeting minutes later today. Bitcoin was trading at $23,700 by 11.20 a.m. EST, do...
Stellantis Stock Rises After Earnings Top GM, Ford, and Even Tesla
Stellantis finished up 2022 stronger than expected. By some measures, the company had a better year than even Tesla Stellantis stock climbed in early Wednesday trading. Stellantis (ticker: STLA) repor...
Stocks moving big midday: PANW, COIN, DKS, AMZN
Coinbase shares are down more than 83% this year Chesnot | Getty Images Check out the companies making headlines in midday trading. Coinbase — Shares of the cryptocurrency exchange fell 5% even after ...
Coinbase, Palo Alto Networks, Toll Brothers and more
Brian Armstrong, CEO and Co-Founder, Coinbase, speaks during the Milken Institute Global Conference on May 2, 2022. in Beverly Hills, California. Patrick T. Fallon | AFP | Getty Images Check out the c...
Coinbase earnings beat thanks to USDC interest income, analysts say
Coinbase’s fourth-quarter revenue beat estimates thanks to USDC interest income, analysts said. Interest income for the quarter came in at $146 million, up more than 100% from the previous...
Fed’s James Bullard pushes for faster rate hikes, sees ‘good shot’ at beating inflation
St. Louis Federal Reserve President James Bullard expressed confidence that the central bank can beat inflation and advocated Wednesday for stepping up the pace in the battle. Bullard told CNBC that a...
Crypto Markets Lost $50B Following Wall Street Tuesday Crash: Market Watch
Bitcoin failed at decisively overcoming $25,000 once again yesterday, and the subsequent rejection brought it back down to just below $24,000. Most altcoins have suffered even more on a daily scale, w...
Diverging World – Strong Labour Markets May Force The Fed To Hike Rates Further
NEW YORK – OCTOBER 07: A trader works on the floor of the New York Stock Exchange October 7, 2008 … [+] in New York City. Despite a government debt buyout plan, the Dow continued to fall t...
Hut 8 CEO weighs in on the bull and bear markets from a mining perspective
In January 2023, during the World Economic Forum’s (WEF) annual conference in Davos, Switzerland, Jaime Leverton, CEO of Hut 8, a crypto mining entity that trades as a public company, sat down with me...
US Markets Tumble as Real Estate Weakens, Putin Suspends Nuclear Treaty, Morgan Stanley Warns of Stock Market ‘Death Zone’ – Economics Bitcoin News
On Tuesday, all four major U.S. benchmark stock indexes fell as real estate data showed home sales dropped by 0.7% last month and Russian President Vladimir Putin suspended the nuclear arms control tr...
Stocks moving big after hours: PANW, COIN, TOL
Signage outside Palo Alto Networks headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after...
Stock market saw worst day of 2023 because it’s unclear where rates will peak
Rising Treasury yields appeared Tuesday to finally catch up with a previously resilient stock market, leaving the Dow Jones Industrial Average and other major indexes with their worst day so far of 20...