American Express Oracle and Johnson Controls were among the large U.S. companies that declared dividend increases this week. It was a fairly light week for such announcements, with earnings season hav...
Tag: Markets
Silicon Valley Bank’s Failure May Lead to Smaller Fed Rate Hike
The second-largest bank failure in U.S. history might help the Federal Reserve do its job of tightening credit and slowing the economy. To be sure, the sudden collapse of the Silicon Valley Bank unit ...
Stablecoin issuers seek to diversify banking partners in the wake of Silicon Valley Bank’s meltdown
The failure of California-based Silicon Valley Bank today leaves the crypto market with one fewer lending partner, adding further pressure on stablecoin issuer Circle to beef up its portfolio of bank ...
Bitcoin falls to $20,000, leads drop in crypto prices as JPMorgan remains negative on crypto
Crypto prices continued to trade down driven lower by the latest U.S. banking casualties and worsening market sentiment. Bitcoin was trading around $19,990, down 5% in the past 24 hours, according to...
Market pricing swings back to quarter-point Fed rate hike
A trader works on the floor during morning trading at the New York Stock Exchange (NYSE) on March 10, 2023 in New York City. Spencer Platt | Getty Images It seemed like only yesterday that markets we...
Stocks making the biggest moves midday: SBNY, DOCU, ORCL
A sign is posted in front of Oracle headquarters on June 13, 2022 in Redwood Shores, California. Justin Sullivan | Getty Images Check out the companies making headlines in midday trading Friday. Allbi...
Markets Causing Chaos for Bitcoin, Ethereum, BNB and XRP Holders. HedgeUp (HDUP) Could be Investors 2023 Savior.
From the recent developments and advancements in cryptocurrency, it’s obvious that the crypto market is gearing up to experience a shift in the coming months. Users and investors in the crypto m...
Silicon Valley Bank closed by California regulator
Markets • March 10, 2023, 11:56AM EST Silicon Valley Bank was closed by the California Department of Financial Protection and Innovation. The Federal Deposit Insurance Corporation was appointed as the...
Crypto Market’s Outlook for Next Week: Is a Severe Crash Waiting for Traders?
The crypto market has witnessed a severe plunge this week, and traders are now wondering if the market has reached its bottom or if another crash is on the horizon. As several macro events continue to...
Silicon Valley Bank Rocks Crypto and Equity Markets Ahead of Jobs Report
“Silicon Valley Bank (SIVB), another crypto-friendly bank, comes under pressure. The bank is generally regarded as one of the default fallback options for industry participants impacted by the c...
Here’s where the jobs are for February 2023 — in one chart
The U.S. labor market surprised to the upside yet again in February, powered by continued strength in the service sectors of the economy. The leisure and hospitality sector added 105,000 jobs last mon...
Silicon Valley Bank plunges 60% before halt, Signature trading stopped shortly after open
Markets • March 10, 2023, 9:56AM EST Trading in Silicon Valley Bank is halted for pending news, but not before after shares plunged 63% in pre-market trading. Signature Bank was halted for volatility ...
GE’s Big Plans Are Luring Wall Street Bulls. Target Price Doubled.
Wall Street is feeling more bullish about General Electric stock. Significantly more bullish in one instance. GE (ticker: GE) hosted its 2023 analyst and investor event in Cincinnati, Ohio on Thursday...
Tesla Battery Supplier Beats Profit Estimates. It’s Citing Soaring EV Demand.
Tesla battery supplier Contemporary Amperex Technology, or CATL, beat annual earnings expectations Friday, strengthening its status as the world’s largest electric-vehicle battery maker. The Chinese l...
Bitcoin breaks $20k following NFP and unemployment data, as markets favour 25bps instead of 50bps
Quick Take +311k jobs created vs. estimate of +205k. 3.6% unemployment rate vs. an estimate of 3.4% Bitcoin broke $20,000 immediately after DXY retreats to 104.8, which sees an uplift on major currenc...
Bitcoin Battered as Markets Spiral
Investors sold stocks, especially shares of banks, and other risky assets ahead of the U.S. jobs report on Friday. Bitcoin has lost 9% over the last 24 hours, dropping below $20,000, a level the crypt...
Silicon Valley Bank drops for a second day, weighing on the bank sector again
In this photo illustration of the TradingView stock market chart of SVB Financial Group seen displayed on a smartphone with the SVB Financial Group logo in the background. Igor Golovniov | Lightrocke...
Banking Selloff Goes Global After SVB Trouble. HSBC, BNP Paribas, UBS Tumble.
The selloff in the banking sector spread across the globe on Friday after SVB Financial Group said it was forced to unload assets at a loss following a decline in deposits. HSBC (ticker: HSBA.UK), Eur...
Bitcoin Hits 2-Month Low as Crypto Markets Shed $70B in a Day: Market Watch
Bitcoin took a serious hit in the past 24 hours, dumping by almost $2,000 to chart a two-month low beneath $20,000. The altcoins are in no better shape, with ETH, DOGE, SOL, LTC, TRX, and many others ...
US Bank Troubles Hammer Stocks, Boost Treasuries: Markets Wrap
(Bloomberg) — Stocks tumbled and Treasuries rallied as worries about the health of the US banking system caused a sharp selloff in global markets. Most Read from Bloomberg Europe’s Stoxx 600 equ...
Consumer spending in China isn’t surging back yet, companies say
A JD.com courier drives past the Zaha Hadid-designed Galaxy Soho complex in Beijing, China, on Saturday, Feb. 18, 2023. Bloomberg | Bloomberg | Getty Images BEIJING — China has yet to see a strong reb...
Huobi Token Flash Crashes as Crypto Markets Dump $70 Billion
The Huobi exchange token HT flash crashed a few hours ago but has since made a quick recovery. However, company advisor Justin Sun brushed it off as ‘market behavior.’ There have been some strange hap...
SIVB, ORCL, GPS and more
In this photo illustration of the TradingView stock market chart of SVB Financial Group seen displayed on a smartphone with the SVB Financial Group logo in the background. Igor Golovniov | Lightrocke...
Bakkt’s Q4 earnings dragged down by goodwill impairment charge of $272 million
Bakkt reported an increase in revenue and expenses in the fourth quarter, driven by another large impairment charge. Revenue came in at $15.6 million, below FactSet estimates of $16 million, but...
On-Chain Prediction Markets: How to Make Them Work For You
People bet on the outcome of events using On-chain prediction markets, Decentralized Finance services built on a blockchain network. Through on-chain prediction markets, users can buy and sell tokens ...
Why Did Stocks Drop On Tuesday And What’s Moving Markets This Week?
(Photo by Spencer Platt/Getty Images) Getty Images Key Takeaways The S&P 500 has slid this week, and is down over 3% from Monday’s open in late trading Thursday It comes as Fed Chairman Jay Powell...
Markets Now See Larger Fed Hike This Month
Federal Reserve Chairman Jerome Powell testifies during a Senate Banking Committee hearing on … [+] Capitol Hill in Washington, Tuesday, March 7, 2023. (AP Photo/Andrew Harnik) Copyright 2023 Th...
Stocks making the biggest moves midday: GE, SI, PTN, ETSY
jetcityimage | iStock Editorial | Getty Images Check out the companies making the biggest moves midday: General Electric — The stock gained 6.3% after the company provided an update ahead of its inves...
Powell changed everything this week on market’s view of interest rates
Federal Reserve Chair Jerome H. Powell testifies before a House Financial Services hearing on “The Federal Reserve’s Semi-Annual Monetary Policy Report” on Capitol Hill in Washington...