China Last Night KraneShares Key News Asian equities were largely lower following a decline in US stocks, though China and Hong Kong had a strong day. Shanghai, Shenzhen, and Hong Kong all opened lowe...
Tag: Markets
Bitcoin slips as memecoins lead loses; GBTC discount to NAV widens
Cryptocurrency prices slipped across the board, even as the sector buzzes about the future of AI and big data tokens. Bitcoin was trading at $22,722 by 9:35 a.m. EST, down 1.5% over the past day...
Senate Foreign Affairs Committee holds a hearing on U.S.-China policy
The Senate Foreign Relations Committee is holding a hearing titled “Evaluating U.S.-China Policy in the Era of Extreme Competition.” The hearing comes two days after President Joe Biden hi...
Stablecoin giant Tether records surprise $700 million profit
Tether previously claimed its stablecoin was backed 1-to-1 by U.S. dollars. Justin Tallis | Afp | Getty Images Tether on Thursday published its latest quarterly financials, with the world’s top ...
Southwest faces Senate hearing over holiday travel chaos
Passengers check in for a Southwest Airlines Co. flight inside Terminal 1 at Los Angeles International Airport (LAX) in Los Angeles, California, on August 10, 2022. Patrick T. Fallon | AFP | Getty Ima...
Tapestry, Credit Suisse, Disney and more
CNBC: Coach Store Harry Reid International Airport A Coach store inside Harry Reid International Airport. Check out the companies making the biggest moves in premarket trading: Tapestry — The company...
PepsiCo (PEP) Q4 2022 earnings
Pepsi sodas are displayed on shelves at a Walmart Supercenter on December 06, 2022 in Austin, Texas. PepsiCo, the maker of Pepsi soda, plans to cut hundreds of corporate jobs at its North American div...
Stocks Rise With US Futures as Earnings in Focus: Markets Wrap
(Bloomberg) — Stocks advanced with US futures as investors digested a slew of earnings reports and awaited data on US jobless claims. Most Read from Bloomberg Contracts on U.S. gauges signaled a...
Weekly markets TL;DR: Google’s AI fail, job numbers worry Fed, and relative calm ahead of CPI next week
1. Economy US Federal Reserve chair Jerome Powell affirmed that more rate cuts would be coming if inflation and jobs data don’t begin to soften Jobs data came in extremely hot last Friday, with ...
Disney CEO Bob Iger puts turnaround plans in place after a solid quarter
Disney (DIS) reported a stronger-than-expected fiscal 2023 first quarter after the closing bell Wednesday, and Bob Iger struck the right tone on his first conference call since returning as CEO, prior...
Shark Tank Star Kevin O’Leary Says Most Crypto Tokens Are Worthless — ‘They’ll Eventually Just Go to Zero’ – Markets and Prices Bitcoin News
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, says that most crypto tokens are worthless and they will eventually drop to zero in value. He added that he now owns seven cryptocurrencies and he is ...
Pressure on China’s factories grows as U.S. demand falls
Employees work on an electronics production line on Feb. 2, 2023, at a factory in Longyan, Fujian province in China. China News Service | China News Service | Getty Images BEIJING — For some factories...
Commodity Strategist Mike McGlone Says Cryptocurrencies May Be Facing Their First Real Recession – Markets and Prices Bitcoin News
Bloomberg Intelligence’s senior commodity strategist Mike McGlone has warned that “cryptos may be facing their first real recession.” The Federal Reserve tightening despite the risk of a recession “co...
Robinhood’s crypto trading revenue dips 24% in Q4, along with most everything else
Robinhood saw transaction revenue fall in the fourth quarter from the previous period, including a 24% decline in cryptocurrencies, while a slew of other numbers also took a turn lower. The firm also ...
CVS, FTNT, LUMN and GOOGL
Rafael Henrique | Lightrocket | Getty Images Check out the companies making headlines in midday trading Wednesday: Lumen Technologies — Shares fell 22.5% after the cloud network data company reported ...
Bed Bath & Beyond Stock Can Be Forgotten. Look at Its Bonds.
Sometimes markets are weird. Case in point: recent trading in Bed Bath & Beyond securities. The prices of Bed Bath stock and bonds seem out of whack. It’s been an interesting week for Bed Bath &am...
Bitcoin steady around $23,000 as ether moves higher; equites in the red
Bitcoin was hovering around $23,000 as ether gained. The Sandbox token jumped on news of metaverse partnership talks with Saudi Arabia. Equities slipped. The leading cryptocurrency by market cap...
Honda Recommits To Fuel Cells As It Looks For New Markets
Mockup of Honda next-generation fuel cell system Honda Honda has been one of the leading proponents of automotive hydrogen fuel cells for more than two decades. It’s one of only three automakers to of...
Uber, Chipotle, Microsoft and more
Check out the companies making headlines in premarket trading. Uber said it is “currently responding to a cybersecurity incident” after reports that a hacker compromised its systems. Rafae...
Yum Brands (YUM) earnings Q4 2022
Vehicles wait in line at the drive through lane of a Yum! Brands Inc. Kentucky Fried Chicken (KFC) and Taco Bell restaurant in Lockport, Illinois. Daniel Acker | Bloomberg | Getty Images Yum Brands on...
Powell Says Further Rate Hikes Needed and Markets Take Heed
(Bloomberg) — Federal Reserve Chair Jerome Powell stuck to his message that interest rates need to keep rising to quash inflation and this time, the bond market listened. Most Read from Bloomber...
Activision Blizzard is a buy, but wait on Take-Two Interactive
CNBC’s Jim Cramer on Tuesday said Activision Blizzard is better positioned in the short term than rival Take-Two Interactive. Both video game companies reported earnings this week. Activision Bl...
Cramers lightning round: Parker-Hannifin is a buy
Parker-Hannifin Corp: “It’s just the kind of industrial I’ve been recommending. … I would buy it here.” Conocophillips: “That thing is like a fine Merlot, my friend...
Don’t lose sight of investing fundamentals despite bull market
CNBC’s Jim Cramer on Tuesday told investors to stay selective with stocks despite the market’s strong run. “I just want you to have a real earnings cushion with real buybacks or real...
Chipotle Mexican Grill (CMG) earnings Q4 2022
A Chipotle restaurant and signage is seen on February 09, 2022 in Miami, Florida. Joe Raedle | Getty Images Chipotle Mexican Grill on Tuesday reported weaker-than-expected quarterly earnings and reven...
Investment Manager Predicts Gold Could Hit $3,000 This Year – Markets and Prices Bitcoin News
Investment management and advisory firm Goehring & Rozencwajg expects gold to hit record highs this year. “I wouldn’t be surprised to see a $3,000 price this year,” said an executive of the firm. ...
Stocks moving big after hours: CMG, ENPH, FTNT
A Chipotle restaurant in Miami, Florida. Joe Raedle | Getty Images News | Getty Images Check out the companies making headlines after hours. Chipotle Mexican Grill — Shares fell more than 4% in extend...
Bed Bath & Beyond lines up funding in bid to avoid bankruptcy
A Bed Bath & Beyond store in the Brooklyn borough of New York, US, on Monday, Feb. 6, 2023. Stephanie Keith | Bloomberg | Getty Images Bed Bath & Beyond will live to see another day – at least...
Bitcoin, ether retrench after rising with traditional markets on Fed Chair comments
Cryptocurrencies rose alongside traditional markets in response to comments delivered by Federal Reserve Chair Jerome Powell at The Economic Club in Washington before turning lower. Bitcoin rose...
Airbus Stock Gets Downgraded. Boeing Investors Should Pay Attention.
Wall Street believes in the recovery in commercial aerospace, and shares of Boeing have been growing in popularity with analysts. There are still risks to the stock and the sector, however, as a downg...