Federal Reserve Chairman Jerome Powell on Tuesday emphasized the need for the central bank to be free of political influence while it tackles persistently high inflation. In a speech delivered to Swed...
Tag: Markets
Oak Street Health, Frontline, Boeing and more
A Boeing 737 MAX 8 sits outside the hangar during a media tour of the Boeing 737 MAX at the Boeing plant in Renton, Washington. Matt Mcknight | Reuters Check out the companies making headlines in prem...
Oak Street Health Stock Soars On $10 Billion CVS Takeover Report
Oak Street Health (OSH) – Get Free Report shares soared higher Tuesday following a report that suggested the primary care center operator is ready to agree a $10 billion takeover by CVS Health ...
Coinbase shares dip in pre-market following layoff announcement
Coinbase shares dipped during pre-market trading following the firm’s decision to cut 950 staff. Shares in the crypto exchange fell 3.1% in the early session, trading around $37 by 8 a.m.,...
CFTC Sues Crypto Trader Over Alleged Mango Markets Scam
The Mango Markets exploit, which was just one of the number of hacked and exploited dApps last year, was a remarkable one. The exploit led to roughly $114 million lost from the decentralized digital-a...
Broadcom Stock Slips On Report Apple To Dump WiFi, Bluetooth Chips
Broadcom (AVGO) – Get Free Report shares moved lower Tuesday following a report that Apple (AAPL) – Get Free Report is planning to dump the chipmaker’s products with its own in-hou...
Markets Are Underestimating Inflation Again, BlackRock and Fidelity Warn
(Bloomberg) — Some of the world’s largest asset managers such as BlackRock Inc., Fidelity Investments and Carmignac are warning markets are underestimating both inflation and the ultimate peak o...
CFTC Files Charges Against the Mango Markets $110M Exploiter
Eisenberg led off the deceptive manipulation of Mango Markets’ assets on October 11, 2022. $47 million worth of assets is still in the exploiter’s custody as a bug bounty. The Commodity Futures Tradin...
Stocks Dip, Powell, Pfizer Oak Street, Microsoft-5 Things To Know
Five things you need to know before the market opens on Tuesday January 10: 1. — Stock Futures Slip Lower On Hawkish Fed Signals U.S. equity futures slipped lower Tuesday, extending a move from...
Mango Markets exploiter faces new set of charges from the CFTC
Mango Markets exploiter Avraham Eisenberg is facing one more set of charges, as outlined in a complaint filed by the CFTC on Jan. 9. In that complaint, the Commodity Futures Trading Commission (CFTC) ...
Prices in Dollars Rose Almost 54% in Venezuela During 2022 – Emerging Markets Bitcoin News
Prices in Venezuela have been rising steadily even when denominated in foreign currency. According to data collected by Ecoanalitica, a market research firm, prices marked in dollars have grown close ...
Asian Stocks Fall as Hawkish Fed Halts S&P’s Rally: Markets Wrap
(Bloomberg) — Asian stocks fell on Tuesday after a rally in US shares evaporated as Federal Reserve officials signaled the central bank will likely need to raise interest rates above 5% before p...
Stocks Give Up Rally Above Key Mark After Fedspeak: Markets Wrap
(Bloomberg) — A rally in stocks fizzled out after two Federal Reserve officials signaled that interest rates could top 5%, throwing some cold water on traders who saw a peak below that mark. Mos...
CFTC Charges Mango Markets Exploiter With Market Manipulation
The Commodities and Futures Trading Commission (CFTC) has charged Mango Markets exploiter Avraham Eisenberg with violating federal commodities laws during his $110 million manipulation attack in Octob...
Warren Buffett’s Berkshire Hathaway Stock Is Breaking Out
Warren Buffett’s investments are closely followed, even though he’s not the sole decision maker at Berkshire Hathaway (BRK.A) – Get Free Report (BRK.B) – Get Free Report. For its part, B...
Metropolitan Bank Is Fleeing Crypto. Bitcoin Investors Should Be Worried.
Metropolitan Bank Holding (ticker: MCB), one of the earliest banks to delve into digital assets, says it’s closing out the part of its business that catered to crypto firms. It’s a development that sh...
Ethereum Rival Solana (SOL) Surges 109% From Lows As Crypto Markets Turn Green
Solana (SOL), one of Ethereum’s (ETH) biggest competitors, has more than doubled in price since it collapsed to $8.30. SOL’s local low of $8.30 marked a nearly 97% drop from its all-time highs, and cr...
CFTC files its own case against Mango Markets exploiter
The Commodity Futures Trading Commission is suing Avraham Eisenberg, aka Mango Avi, over alleged manipulation of swaps on Mango Markets, a decentralized exchange on the Solana blockchain. The n...
Ripple’s XRP leads CoinShares inflows in otherwise down week
Ripple’s XRP saw inflows at CoinShares in the first week of the year as investors fled bitcoin and ether. About $3 million was added in XRP, representing 9% of CoinShares’s assets un...
Why are the crypto markets up? Market eyes very important week
The cryptocurrency market has jumped out to a hot start this year, with coins across the board throwing it back to 2020 by jumping sharply upward. The moves have come off the back of optimism that inf...
Tesla, Nvidia, Lululemon and more
Hong Kong, China, 13 Sept 2022, A red Tesla car passes in front of a Tesla dealership in Wanchai. (Photo by Marc Fernandes/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Check out the c...
Bitcoin over $17,000 pushes miners higher
Bitcoin mining stocks jumped as the cryptocurrency rallied above $17,000. Crypto-related stocks and traditional markets were also higher. Bitfarms rose by 32%, while Marathon gained 24% and Riot...
Core Scientific increases bitcoin production despite winter storm
Bitcoin mining firm Core Scientific produced 5.8% more bitcoin in December month-over-month even as it curbed production amid a raging winter storm. The company’s self-mining hashrate incr...
Bitcoin blasts through $17,000 amid wider market rally
Bitcoin blasted past $17,000 amid a wider market rally that sent crypto-related stocks and traditional markets higher. The biggest cryptocurrency increased 1.8% in the past 24 hours to $17,260...
Coinbase, MicroStrategy and Other Crypto Stocks Fly. Why Gains Could Continue.
Shares in companies exposed to the cryptocurrency space tore higher on Monday. Many of these stocks are beaten down and widely bet against by traders, which means that gains could be accelerated throu...
$28 billion pumps into crypto markets in 24 hours as bulls push prices higher
The cryptocurrency market has entered the second week of 2023, witnessing an upside momentum with bulls maintaining an upper hand over bears. The bullish momentum has resulted in leading cryptocurrenc...
Lululemon, Duck Creek and more
A Lululemon store in New York Scott Mlyn | CNBC Check out the companies making the biggest moves premarket: Lululemon — Shares of the Canadian apparel company fell more than 10% after Lululemon lowere...
Two More Rate Hikes Left From Fed, According To Markets
Markets believe the Fed may soon stop raising rates, with the most likely path two more hikes in … [+] 2023 (AP Photo/Kiichiro Sato, FILE) Copyright 2019 The Associated Press. All rights reserve...