(Bloomberg) — The dollar rallied and stocks dropped alongside Wall Street equity futures with expectations of steeper US rate hikes growing after comments by two Federal Reserve officials. Most ...
Tag: Markets
The S&P 500’s Rally Is in Question. It Doesn’t Mean Stocks Will Plunge.
Investors just don’t feel confident about stocks’ rally over the past few months, but the market could still hold up well this spring. The S&P 500 has risen about 15% since early October, when it ...
Report Reveals Limited Accounting Records, Commingled Funds at FTX Digital Markets in the Bahamas – Bitcoin News
PWC, one of the ‘Big Four’ auditors and among the largest professional services networks globally, recently published a report on FTX Digital Markets, the bankrupt crypto exchange’s Bahamian subsidiar...
Eisenberg Refuses to Return Mango Markets Missing Millions
Avraham Eisenberg has shot back at Mango Markets and refused to return the $47 million he “extracted” from the decentralized finance (DeFi) lender. The ongoing drama between DeFi protocol Mango Market...
China Renaissance shares plunge after it says founder Bao Fan is missing
Bao Fan, founder and chief executive officer of China Renaissance, speaks at a conference in California in 2016. Bloomberg | Bloomberg | Getty Images BEIJING — Prominent Chinese investment banker Bao ...
Mike Novogratz Says Bitcoin Could Return to $30,000 Next Month – Markets and Prices Bitcoin News
Galaxy Digital CEO Mike Novogratz says he wouldn’t be surprised if the price of bitcoin returns to $30,000 next month. “When I look at the price action, when I look at the excitement of the customers ...
Deere Earnings Are Coming. The Stock Needs a Beat.
Agricultural machinery giant Deere reports its fiscal first-quarter earnings Friday morning. Investors could really use a “beat-and-raise” quarter from the company. Deere stock (ticker: DE) outperform...
DraftKings Reports Earnings Thursday. Analysts Are Worried About 2023.
DraftKings reported stronger than expected revenue and raised its outlook for 2023. Its business is getting a boost as more states legalize sports gambling. The gambling firm reported fourth quarter r...
Markets fall on hot economy, chance of 0.5% rate hikes
James Bullard, president of Federal Reserve Bank of St. Louis, at the Jackson Hole economic symposium, in Moran, Wyoming, U.S., on Thursday, Aug. 22, 2019. David Paul Morris | Bloomberg | Getty Images...
Biden says three recently downed aerial objects were not linked to Chinese spy program
WASHINGTON — U.S. President Joe Biden said Thursday that three unmanned aerial objects shot down over the weekend by the U.S. military were “most likely tied to private companies, recreation or ...
TrueFi token clocks triple digit gain as Binance mints TUSD stablecoin
DeFi lender TrueFi’s token, TRU, jumped over 140% shortly after Binance minted $50 million worth of the TrueUSD stablecoin. Binance minted 49.99 million TRU at around 10 a.m. EST today, ...
JPMorgan’s top strategist warns markets could be heading for another ‘Volmageddon’
Something is very wrong with the stock market, according to a top strategist at JPMorgan. Equities have stormed back from their 2022 lows as fears of an economic hard landing give way to hope there ma...
Stocks moving big after hours: DASH, AMAT, DKNG
Rafael Henrique | LightRocket | Getty Images Check out the companies making headlines in midday trading. DoorDash — The online food delivery platform’s shares jumped 7% after it reported a reven...
Mango Markets Exploiter, Avraham Eisenberg Wants To Keep Funds
In recent years, manipulation and hack attacks in the crypto sector have increased; for instance, Mango Markets was one of the networks exploited in 2022, leading to a loss of $117 million. After the ...
FTX Digital Markets commingled client funds, Bahamian liquidators say
Legal • February 16, 2023, 11:23AM EST FTX Digital Markets, the crypto exchange’s Bahamian entity, commingled customer and corporate funds, according to a report filed in court earlier this month. ...
Bitcoin reaches $25,000, its highest price since June
DeFi • February 16, 2023, 11:21AM EST Bitcoin was trading at $25,108 by 11 a.m. EST, up 3.1% over the past day, according to TradingView data. That’s its highest price since June 2022. ...
Twilio, Tripadvisor, Boston Beer, Roku and more
Jakub Porzycki | Nurphoto | Getty Images Check out the companies making headlines in midday trading. Twilio — Shares jumped 19% after Twilio beat revenue expectations in its most recent quarter. The c...
Stocks making the biggest moves premarket: SHAK, SPCE, PARA
Sopa Images | Lightrocket | Getty Images Check out the companies making the biggest moves premarket: Shake Shack — Shares of the quick-service restaurant chain rose slightly after reporting a narrower...
Rise of zombie VCs haunts tech investors as startup valuations plunge
An art exhibition based on the hit TV series “The Walking Dead” in London, England. Ollie Millington | Getty Images For some venture capitalists, we’re approaching a night of the liv...
Mango Markets Exploiter Avraham Eisenberg Wants to Keep $47M as Bounty
Avraham Eisenberg, the 27-year-old Puerto Rico man who made over $100 million by exploiting the decentralized finance (DeFi) protocol Mango Markets in October 2022, is seeking to keep part of the fund...
Bitcoin holds firm above $24,000, with crypto prices buoyant as stocks dips
Markets • February 16, 2023, 10:22AM EST Crypto prices continue to climb higher, with bitcoin firmly above $24,000. Equities linked to cryptocurrency and blockchain technology traded down. Bitc...
A ‘cocktail’ of sticky inflation and a tight labor market boosts Bank of England rate hike bets
Andrew Bailey, Governor of the Bank of England, attends the Bank of England Monetary Policy Report Press Conference, at the Bank of England, London, Britain, February 2, 2023. Pool | Reuters LONDON —...
U.S. stocks don’t seem bothered by inflation
People walk along 5th Avenue in Manhattan, one of the nation’s premier shopping streets on February 15, 2023 in New York City. Spencer Platt | Getty Images News | Getty Images This report is fro...
U.S. stocks don’t seem concerned about inflation
People walk along 5th Avenue in Manhattan, one of the nation’s premier shopping streets on February 15, 2023 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC...
Oman Capital Markets Regulator Plans to Establish a Virtual Assets Regulatory Framework – Regulation Bitcoin News
The Oman Capital Market Authority (CMA) has said it plans to establish a regulatory regime to govern as well as develop the country’s virtual assets market. The regulator said the envisaged regulatory...
Biden’s IRS Nominee: Agency Will Increase Audits of Wealthy Taxpayers
President Joe Biden’s nominee to lead the Internal Revenue Service pledged to increase scrutiny of certain wealthy taxpayers at his confirmation hearing Wednesday before the U.S. Senate Committee on F...
US Stock Futures Slip Before Next Batch of Data: Markets Wrap
(Bloomberg) — Wall Street equity futures edged lower as traders awaited the another set of data readings on the strength of the economy and looked for clues on the outlook for rate hikes. The to...
BTC Eyes $25K for the First Time Since August as Crypto Markets Add $100B: Market Watch
Bitcoin registered one of its most impressive daily price increases in a while by skyrocketing from $21,500 to a six-month high of almost $25,000. The alternative coins have followed suit, marking not...
Stablecoin Markets Pick Winners and Losers Ahead of SEC Paxos Lawsuit
While the Securities and Exchange Commission’s lawsuit against Binance stablecoin issuer Paxos creeps forward, a growing list of crypto policies appear poised to be set in courtrooms. Even as those di...