Chip stocks were down early Thursday after Micron Technology reported weak results and said demand for semiconductors had softened. Nvidia (ticker: NVDA) declined 0.7% in premarket trading. Advanced M...
Tag: Markets
Algorithm Known for Outrunning Crypto Markets Allocates to Polygon, Uniswap, Chainlink and Three More Altcoins
A trading robot with a reputation for outperforming the digital asset markets is sharing its newest Bitcoin (BTC) and altcoin portfolio allocations amid the ongoing crypto winter. Every week, the Real...
CarMax, Micron, Under Armour and others
Check out the companies making headlines before the bell: CarMax (KMX) – The auto retailer’s stock slumped 12.7% in the premarket after its quarterly profit and revenue fell well short of estima...
MEXC VP says Crypto Markets still need time to Rebound
After several large institutions filed for bankruptcy, the Bitcoin prices fluctuated around $16,000 with temporary hopes of a rebound. However, MEXC Vice President, Andrew Weiner, believes that the cu...
Bill Miller Is Still Bullish on Bitcoin—and a Lot More
Professional athletes like to retire after a good run. Legendary value investor Bill Miller is taking a different route. Miller, 72, is sticking with the plan he announced in January to hang up his in...
Why Japan’s shock policy shift didn’t ‘freak out’ US markets: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, December 21, 2022 Today’s newslet...
Micron Sees Late ’23 Memory Rebound. But It’s Cutting Staff And Trimming CapEx.
Micron Technology posted soft results for its fiscal first quarter ended Dec. 1, but the chip maker projected a sharp improvement in conditions for the memory market in the second half of the company’...
China’s economy looks different than it was going into the pandemic
The central China city of Taiyuan saw its GDP grow by 10.9% year-on-year in the first three quarters of 2022. Pictured here is a screen displaying details of a new factory in the city. Vcg | Visual Ch...
Investor Daniel Loeb Unleashes Criticism of Ark’s Cathie Wood
Star investor Daniel Loeb, chief executive of Third Point, is none too impressed with his counterpart Cathie Wood, chief executive of Ark Investment Management. Ark’s exchange-traded funds (ETFs) have...
Guggenheim CIO Scott Minerd Warns of a Crypto ‘Washout’ Similar to the Internet Bubble – Markets and Prices Bitcoin News
Guggenheim Partners CIO Scott Minerd believes there is going to be a crypto washout similar to the internet bubble. “There’s another shoe to drop,” he warned. Nonetheless, the executive is confident t...
Markets Are Wrong on Fed Rate Hikes, Morgan Stanley’s Caron Says
(Bloomberg) — Markets aren’t prepared for how far US central bankers are willing to go to tame the hottest inflation in a generation, according to Morgan Stanley’s Jim Caron. Most Read from Bloo...
Under Armour, Micron Technology and more
Shoppers pass an Under Armour store in White Plains, New York. Scott Mlyn | CNBC Check out the companies making headlines after the bell: Micron Technology — The semiconductor stock slumped about 2% ...
Survey shows a Costco membership hike would face little resistance
Most American shoppers say they are willing to pay more for their retail club memberships — a sentiment that bodes well for Investing Club holding Costco (COST). The survey says … According to a...
Waves Founder Says Network Is ‘100% Healthy,’ Asks Exchanges To Disable Futures Markets
Waves founder Sasha Ivanov wants centralized exchanges to disable futures markets for the decentralized blockchain’s native token. Ivanov took to Twitter to ask several centralized exchanges inc...
Core Scientific eyes sale of up to 1 gigawatt worth of facilities amid bankruptcy: Exclusive
Core Scientific may sell up to 1 gigawatt worth of its sites under development after filing for Chapter 11 bankruptcy protection, The Block has learned. “The likelihood of us selling asset...
Cramer’s Investing Club meeting Wednesday: Santa Claus rally, Starbucks
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 Wednesday’s key moments. Santa Claus rally may be...
Bankman-Fried extradition to U.S. approved: WSJ
Sam Bankman-Fried is headed back to the U.S. to face criminal charges over the collapse of FTX after a judge approved his extradition from the Bahamas, the Wall Street Journal said. Bankmnan-Fri...
New top House Republican on markets isn’t as anti-ESG as some GOP want
Rep. Patrick McHenry (R-NC) and Chairman of the House Financial Service Committee Maxine Waters (D-CA) listen as David Marcus, CEO of Facebook’s Calibra, testifies on “Examining Facebook’s...
Bitcoin, crypto prices little changed as Coinbase, Block trade higher pre-market
Crypto prices were little changed over the past day while Coinbase and Block shares traded higher in pre-market hours. Bitcoin was trading at around $16,800 at 9 a.m. EST, up 0.2% over the past...
TRON leads top 10 as markets trade flat
Over the last 24 hours, the cryptocurrency market cap saw net inflows of $1.17 billion and currently stands at $812.5 billion — up 0.14%. Meanwhile, Bitcoin and Ethereum’s market cap grew 0.4% and 0.3...
Rite Aid, Nike, FedEx and others
Check out the companies making headlines before the bell: Rite Aid (RAD) – Rite Aid jumped 8.4% in the premarket after reporting a smaller-than-expected loss and revenue that beat Wall Street forecast...
Waves CEO calls futures markets ‘breeding ground for FUD,’ requests exchanges disable trading
Waves (WAVES) founder Sasha Ivanov has begged all centralized exchanges to disable the futures markets for the digital asset in a Dec. 21 tweet. According to Ivanov, Waves does not need a futures mark...
Top 3 markets acting strange in 2022
Christmas is just around the corner, and this time of the year is an excellent opportunity to look back at what happened in 2022. Sure enough, this was a challenging year for fundamental traders (i.e....
Investments could flow back into China as companies avoid U.S. delisting
Chinese e-commerce giant Alibaba was one of the 100 over companies that had faced the risk of delisting in the U.S. in 2024 if their audit information was not made available to PCAOB inspectors. Budru...
Jim Cramer says these 7 stocks will be winners in 2023
CNBC’s Jim Cramer on Tuesday gave investors a list of stocks that he believes will perform well next year. Here is his list. Eli Lilly Humana Johnson & Johnson Caterpillar Deere TJX Companie...
Jim Cramer says he likes these 3 financial stocks for 2023
CNBC’s Jim Cramer on Tuesday named three financial stocks he believes are worth buying. Stocks closed higher on Tuesday, snapping a four-day losing streak that had been driven in part by Wall St...
FedEx (FDX) earnings Q2 2023
FedEx said Tuesday it would cut $1 billion more in costs after weak demand ate into its quarterly profit. The company in September announced cost-cutting measures that included parking planes and clos...
Biden unveils stricter emissions rules for heavy-duty trucks
EPA Administrator Michael Regan gives remarks at an event on new national clean air standards for heavy-duty trucks near the U.S. Environmental Protection Agency Headquarters on December 20, 2022 in W...
Economist Peter Schiff Warns Bitcoin May Not Rise When Other Financial Assets Rebound – Markets and Prices Bitcoin News
Gold bug and economist Peter Schiff has warned that the price of bitcoin may not rise when other financial assets rebound, even though the crypto fell alongside them. “The bitcoin bubble popped and co...
Tesla Stock Just Keeps Falling. The ‘Chart’ Is in Control.
Tesla stock was weak again despite the likelihood CEO Elon Musk will step down as head of Twitter, and earnings estimates for 2023 are staying remarkably stable. Investors are scrambling. They can’t, ...