Ethereum was marginally lower on Dec. 6, as markets prepared for this afternoon’s nonfarm payrolls report. December’s report is set to show an addition of 200,000 jobs to the U.S. economy, which would...
Tag: Markets
Gold in Limelight During Arduous Time of Markets
Spot gold price surged by 0.8% at $1,835.92 per ounce as of writing in today’s market session. Spot gold prices have shown a hike of 4.55% in a timeframe of 3 weeks Futures gold prices also rose...
Shell to Pay $2 Billion in Windfall Taxes. Why the Stock Is Rising.
Shell Europe’s largest oil and gas company, said it will have to pay about $2 billion in additional taxes in the fourth quarter, but still sees strong earnings from natural gas trading for the period....
Nonfarm payrolls rose 223,000 in December, as strong jobs market tops expectations
Payroll growth decelerated in December but was still better than expected, a sign that the labor market remains strong even as the Federal Reserve tries to slow economic growth. Nonfarm payrolls incre...
World Wrestling Entertainment, Bed Bath & Beyond, Tesla, Costco
Chief Brand Officer and TV Personality of WWE, Stephanie McMahon delivers her keynote address at the opening of Sports Matters in conjunction with All That Matters 2016 in Singapore on September 14, 2...
How the SEC intends to change the crypto markets
Cryptocurrency is digital money and is still largely unregulated in many parts of the world. It is not uncommon for crypto investors to lose funds to scam crypto coins and exchanges. As the United Sta...
Sell-offs hit UK equity funds hardest in 2022 as ESG gained
People walk along Waterloo Bridge past the City of London skyline, the capital’s financial district. U.K.-focused equity funds saw record outflows in 2022. Sopa Images | Lightrocket | Getty Imag...
Chart Industries is not a buy
Carvana Co: “I do not want you in Carvana. I have disliked this stock for ages, and I reiterate that I still dislike it.” Chart Industries Inc: “This is not the time to go into a rea...
Jim Cramer says he likes these 5 Nasdaq stocks for 2023
CNBC’s Jim Cramer on Thursday gave investors a list of stocks that he believes could be worthwhile additions to investors’ portfolios. All of his picks are listed in the Nasdaq Composite. ...
Constellation Brands CEO hints stock buyback could be on the horizon
Constellation Brands (STZ) could potentially implement a stock buyback program, CEO Bill Newlands said Thursday — a move we would welcome as shareholders in the alcoholic beverage maker. Newlands̵...
Jim Cramer says market pain is needed to prevent endless price hikes
CNBC’s Jim Cramer on Thursday reminded investors that pain in the stock market is unfortunately necessary for the Federal Reserve to win against inflation. “Nobody wants to root for layoff...
Europe, US Futures Rise Ahead of CPI and Jobs Data: Markets Wrap
(Bloomberg) — European and US equity futures rose alongside broad gains across Asia ahead of American jobs and eurozone inflation data that will help chart the path forward for central bank mone...
Mango Markets exploiter Avraham Eisenberg ordered into detention pending trial
In a new update to the Mango Markets exploit saga, the United States District Court for the District of Puerto Rico has issued an order of detention to the infamous Mango Markets exploiter Avraham Eis...
Alleged Mango Markets Exploiter Denied Bail as SBF Lives it Up
The United States District Court for the District of Puerto Rico has denied alleged Mango Markets exploiter Avraham Eisenberg bail, citing public safety concerns. In a Jan. 4, 2023 ruling, Judge Bruce...
BofA’s Rick Sherlund predicts software comeback
Bank of America top banker Rick Sherlund sees a major market shift ahead. According to Sherlund, optimism surrounding technology stocks will make a comeback this year — but the key is to weather the u...
Dow ends down nearly 350 points after jobs data, hawkish Fed comments hammer stocks
U.S. stock indexes ended another choppy session in the red on Thursday as investors digested a fresh batch of labor-market data and hawkish commentary from Federal Reserve officials, while looking ahe...
Bitcoin and ether down; Silvergate plunges 40%
Crypto prices steadied while stocks tied to digital assets sank on ratings news and financial results. Bitcoin was trading at roughly $16,800 by 1 p.m. ET, down 0.3%, according to TradingView d...
Mortgage Demand Plunges As 2022 Ends
Getty Images Key takeaways After months of turbulence and interest rate hikes, mortgage demand declined during the holidays Total mortgage demand (measured by new mortgage applications) plunged 13.2% ...
Coinbase shares drop 10% as Cowen downgrades stock and slashes price target
Coinbase shares fell shortly after the open as Cowen analysts downgraded the stock and cut their price target, citing dwindling retail volumes, lower revenue expectations and a harsh regulatory enviro...
Jim Cramer’s Investing Club meeting Thursday: Avoid expensive stocks
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. Avoid expensive stocks St...
Silvergate shares plunge as company cuts workforce amid ‘transformational shift’
Shares in crypto-friendly bank Silvergate plunged in early morning trading after the firm released preliminary fourth-quarter results and said it cut 40% of its staff amid a “crisis of confidenc...
Silvergate Capital, Walgreens, Amazon and more
People walk by a Walgreens, owned by the Walgreens Boots Alliance, Inc., in New York City, November 26, 2021. Andrew Kelly | Reuters Check out the companies making headlines and moves in premarket tra...
US Court orders detention of Mango Markets exploiter over flight risk
A U.S. district court has ordered the detention of Mango Markets’ exploiter Avraham Eisenberg over concerns that he may flee before the trial is finished. Avraham Eisenberg was arrested on Dec. 27 fo...
Mango Markets exploiter denied bail
Avraham Eisenberg, the individual behind the $110 million exploit on Solana-based platform Mango Markets (MNGO/USD), has been denied bail and ordered to remain in custody pending his trial. According ...
Mango Markets exploiter issued order of detention
The United States District Court for the District of Puerto Rico issued an order of detention for Mango Markets exploiter Avraham Eisenberg. The decision follows a detention hearing, where it wa...
European Stocks, US Futures Fall Amid Fed Caution: Markets Wrap
(Bloomberg) — European stocks and US equity futures slipped as investors balanced further signs of China’s reopening with cautious commentary from the Federal Reserve’s latest meeting. Most Read...
Microsoft Gets a Buy Rating. Artificial Intelligence Could Be a Game Changer.
Microsoft ‘s investment in artificial intelligence is underappreciated by the market, according to analysts at Davidson which has initiated coverage of the technology giant with a Buy rating. Microsof...