Robinhood has seen market share increase in the weeks following FTX’s collapse, CEO Vlad Tenev said. The company had no exposure to the now failed exchange. Tenev also said that the 7.6% s...
Tag: Markets
Crypto Markets Show Extreme Correlation As Prices Remain Stuck Sideways
Data shows the crypto market has been extremely correlated recently as prices have been stuck in perpetual sideways movement. Crypto Market Correlation: Altcoin Indexes And Bitcoin Register Similar Re...
Carvana, MongoDB, TripAdvisor, Toll Brothers and more
A mascot of TripAdvisor is seen at its display at a trade fair. Axel Schmidt | Reuters Check out the companies making headlines in midday trading. Carvana — Shares of the online car dealership fell mo...
Bitcoin, crypto assets drop, Silvergate shares hit two-year low as stocks trend lower
Crypto and related assets slumped alongside traditional markets. Bitcoin slid 1% below the $17,000 mark to $16,845 at 10:15 a.m. EST, according to data via TradingView. Ether slipped 1.4% in th...
Jim Cramer’s Investing Club meeting Wednesday: China, Danaher, Apple
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. Buy and hold EL Possible...
Carvana shares tank as bankruptcy concerns grow for used car retailer
Ernest Garcia III, CEO of Carvana, speaks to CNBC on the floor of the New York Stock Exchange, March 7, 2019. Brendan McDermid | Reuters Shares of Carvana plummeted by more than 40% in Wednesday morni...
What to watch Club holding Costco reports quarterly results Thursday
Club holding Costco Wholesale (COST) is set to report its fiscal first-quarter results on Thursday after the closing bell, and we’ll be looking to see the impact on profitability at the retailer...
Bitcoin Dominance Has Remained Under 40% for More Than 3 Consecutive Months – Markets and Prices Bitcoin News
Over the last 100 days or roughly three months, bitcoin’s market dominance among 21,958 different crypto assets worth roughly $850 billion has been under 40%. Bitcoin dominance has been under 40% sinc...
Campbell Soup, Pinterest, Toll Brothers and others
Check out the companies making headlines before the bell: Campbell Soup (CPB) – Campbell Soup beat estimates by 14 cents with adjusted quarterly earnings of $1.02 per share. Revenue also beat consensu...
Crypto ATMs market to grow 60% by 2030, exceeding $5 billion despite volatile markets
The global cryptocurrency ATM market size is projected to grow in the coming years, helping push the adoption of digital assets into the mainstream. In particular, a new study indicates that the mark...
Activist investor calls for BlackRock CEO Fink to step down over ESG ‘hypocrisy’
Larry Fink, Chairman and C.E.O. of BlackRock arrives at the DealBook Summit in New York City, November 30, 2022. David Dee Delgado | Reuters LONDON — BlackRock CEO Larry Fink is facing calls to step d...
Oil plunge, tech collapse and Fed cuts? Strategist shares possible 2023 market ‘surprises’
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, August 29, 2022. Brendan McDermid | Reuters After a tumultuous year for financial markets, Standard Chartered outlin...
ICOs During Bear Markets Bring the Most Profitable Returns – Oryen Network Outpacing Early Shiba Inu And Fantom
You may never evaluate how solid your project is until it is deep in a turbulent environment. The ongoing shakeup in the crypto market has caused nearly all projects to dip while some folded their ope...
I like Advanced Micro Devices over Micron
Nu Holdings Ltd: “I’ve got U.S. financials, which until last Friday were just coming in with a head of steam. And I still like them and I would be a buyer of them, not that.” SGHC Li...
Charts suggest the market is in for a ‘bumpy ride,’ Jim Cramer says
CNBC’s Jim Cramer on Tuesday warned investors that the market’s volatility will likely continue as its recent run loses steam. “The charts, as interpreted by Jessica Inskip, suggest ...
Buy the Dip in Solar Stocks? Here’s Chart View on Some Market Stars.
Solar stocks in 2022 have been on fire, with many in the group acting as market leaders. It’s been a very difficult year broadly, but as far as sector performance goes, the clear bullish outlier has b...
Jim Cramer says he expects ‘many layoffs’ at companies after Christmas
CNBC’s Jim Cramer on Tuesday predicted that more companies will trim their workforces after the holiday season. “I’m sure there’ll be many layoffs after Christmas. I don’...
Coinbase slips 7%, Silvergate sinks over 4% as equities have another down day
Bitcoin and ether were little changed amid a plunge in equities. Bitcoin was trading just below $17,000, up about 0.2% by 4:00 p.m. EST, according to TradingView data. The leading cryptocurrency...
How the U.S. became a global corn superpower
The United States has just about 90 million planted acres of corn, and there’s a reason people refer to the crop as yellow gold. In 2021, U.S. corn was worth over $86 billion, according to calcu...
Analysis of Alameda’s Venture Portfolio
December 6, 2022, 1:47PM EST • 1 min read Quick Take December 6, 2022, Financial Times leaks Alameda’s Venture portfolio Reflects ~$5.3bn in aggregate investments across ~13 investment entities’ Lates...
Analysis of Silvergate Capital’s FTX and BlockFi Public Letters
December 6, 2022, 12:06PM EST • 4 min read Quick Take December 5, 2022 Silvergate CEO Alan Lane releases public letter addressing FTX, Alameda and the recent market turmoil Closed December 5, 2022 tr...
What Is Hyperinflation? Everything You Need To Know
Getty Images Key takeaways Inflation grew another 0.4% month-over-month in October, bringing annual inflation to 7.7% As interest rate hikes and rising prices compete, people have begun asking if the ...
What to watch for as J&J gets ready to spin off its consumer unit
Johnson & Johnson (JNJ) is preparing next year to spin off its consumer health unit into a publicly traded company separate from its pharmaceutical and medical technology operations. Ahead of the ...
Jim Cramer urges investors to exit crypto – ‘it’s never too late’
CNBC’s Jim Cramer on Monday told investors that they still have time to sell their cryptocurrency holdings. “You can’t just beat yourself up and say, ‘hey, it’s too late ...
I can’t recommend Penn Entertainment
Penn Entertainment Inc: “Everybody’s in this darn business. … I do like Penn. They’re good guys, but I cant recommend the stock right now.” Symbotic Inc: “They̵...
Fed can’t stop raising interest rates due to these 4 factors
CNBC’s Jim Cramer on Monday listed four reasons why the Federal Reserve can’t stop tightening the economy just yet. Not enough people are reentering the workforce. That makes it more diffi...
Jim Cramer’s Investing Club meeting Tuesday: Bank pick, layoffs play
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 Tuesday’s key moments. WFC is a buy Still like PG...
Litecoin, dogecoin lead declines in crypto prices, Silvergate plummets pre-market
Altcoins led the drop in crypto markets as bitcoin and ether also slid. Silvergate sank over 11% in pre-market trading despite the CEO’s efforts to reassure the market. Bitcoin slipped 1....
Norwegian Stock Is a Buy, Royal Caribbean Is a Sell, Says Analyst. Here’s Why.
Norwegian Cruise Line Holdings has strong growth opportunities, while Royal Caribbean Group will be dealing with near-term funding requirements, according to a J.P. Morgan analyst. Daniel Adam assumed...