(Bloomberg) — Stocks extended gains in Asia after China appeared to soften is Covid stance and Federal Reserve Chair Jerome Powell signaled a slowdown in the pace of interest-rate hikes. Most Re...
Tag: Markets
IBM and Australian Stock Market’s Blockchain Projects Failed, a Blow to Private Ledgers
The enterprise blockchain space, which doesn’t seem to experience the same bullish and bearish market cycles as public crypto, is now feeling a change in the broader economic climate, particularly in ...
Sam Bankman-Fried tries to defend FTX collapse, apologizes (again)
Sam Bankman-Fried just wrapped up an interview with Andrew Ross Sorkin at the New York Times DealBook Summit. The Block tuned in and kept a running tally of what he had to say. Thanks for sticking wit...
Bitcoin trades over $17,000 following Powell’s speech, December decisions loom large
The Fed is likely to slow its rate increases in December, while upcoming inflation data and the first U.S. House committee hearing on the FTX collapse also loom large for markets. “It wil...
Markets Spike After Fed Chair Says It ‘Makes Sense to Moderate the Pace’ of Rate Hikes, Hints Easing Could Happen in December – Market Updates Bitcoin News
Equities, precious metals, and cryptocurrencies shined on Wednesday following Federal Reserve chairman Jerome Powell’s speech at the Brookings Institution in Washington. The crypto economy increased 3...
Fed Chair Jerome Powell says smaller rate hikes could come in December
WASHINGTON – Federal Reserve Chairman Jerome Powell confirmed Wednesday that smaller interest rate increases are likely ahead even as he sees progress in the fight against inflation as largely inadequ...
Watch Fed Chair Jerome Powell speak on the economy and monetary policy
[The stream is slated to start at 1:30 p.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell is slated to speak Wednesday at the Brooking...
BlockFi Bankruptcy Follows FTX Implosion
SOPA Images/LightRocket via Getty Images Key takeaways On Monday, crypto lender BlockFi filed for Chapter 11 bankruptcy protections in the aftermath of FTX’s implosion Ironically, BlockFi lists FTX as...
DeFi Giants Aave, Compound Freeze Markets and Cap Loans to Mitigate Risks
DeFi protocols Aave and Compound have implemented new safety measures in light of the ongoing turmoil in crypto markets. On Sunday, Aave executed a proposal to freeze the markets for 17 different asse...
Powell Speech Preview: Markets Seek Dovish Tilt As Rate Bets Fade
Federal Reserve Chairman Jerome Powell is set to deliver a key policy speech Wednesday in Washington in what could be the last major address from a central bank official prior to its December rate-set...
Have The Markets Bottomed Out Yet?
Have markets bottomed? getty There is only one call in this difficult stock market and that is: “Have we seen the bottom?” You would be forgiven for thinking that the performance of the Dow says the w...
Private hiring increased by just 127,000 jobs in November, well below estimate, ADP reports
Private hiring slowed sharply during November in a sign that the historically tight labor market could be losing some steam, according to a report Wednesday from payroll processing firm ADP. Companies...
Greenspan Gradualism Please, Enough With Shock-And-Awe, Expert Says
WASHINGTON, DC – JANUARY 29: Federal Reserve Board Chairman Jerome Powell speaks during a news … [+] conference after a Federal Open Market Committee meeting on January 29, 2020 in Washing...
Elon Musk says the Fed must cut rates ‘immediately’ to stop a severe recession
Tesla Motors CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California October 9, 2014. Lucy Nicholson | Reuters Elon Musk thinks a recession is coming and worrie...
European Central Bank says bitcoin is on the ‘road to irrelevance’
The bitcoin logo displayed on a smartphone with euro banknotes in the backgrouund. Andrea Ronchini | NurPhoto via Getty Images The European Central Bank gave a strong critique of bitcoin on Wednesday,...
Transitory inflation talk is back. But economists say higher prices here to stay
Prices of fruit and vegetables are on display in a store in Brooklyn, New York City, March 29, 2022. Andrew Kelly | Reuters Global markets have taken heart in recent weeks from data indicating that in...
Hormel, Petco, CrowdStrike and more
Check out the companies making headlines before the bell: Hormel (HRL) – The food producer’s stock slid 6.4% in the premarket after reporting a mixed quarter. Earnings beat estimates, but sales ...
2 factors that may move energy markets in 2023
Besides Russia invading Ukraine, rising inflation in the advanced economies was the year’s main topic so far. To understand inflation, one should go to the root causes that create it. That is, energy ...
Oracle tokens prices soar as crypto markets recover
Oracle tokens have been surging vastly in the past 24-hour period, with CoinGecko showing a 5.5% rise in their total market cap. At the same time, the crypto market was bullish today, with most crypto...
A preview of the December NFP report and its implications for financial markets
Today is the last trading day of the month. As such, volatility is about to increase due to the end-of-month flows. However, it might not be relevant for the period ahead because December is typically...
Stocks Gain, Dollar Drops as Traders Await Powell: Markets Wrap
(Bloomberg) — US equity futures edged higher and the dollar slipped for a second day, as investors awaited a speech by Federal Reserve Chair Jerome Powell for signals about the path of interest-...
FTX Collapse: Bankman-Fried Has 2 Golden Chances to Defend Himself
Sam Bankman-Fried, the fallen founder of bankrupt cryptocurrency exchange FTX, is currently one of the world’s most hated people. On social networks many are calling for him to be sent to jail ...
Competitors chip away at Tesla’s share of U.S. EV market
DETROIT — New electric vehicle models from multiple automakers are starting to chip away at Tesla’s dominance of the U.S. EV market, according to national vehicle registration data. But numbers collec...
I like Morgan Stanley over SoFi Technologies
Morgan Stanley: “That’s the kind of stock that we like here. … We are in real companies that make real things, return real capital and Morgan Stanley is one of those.” Intuitiv...
Charts suggest the S&P 500 is at a ‘make-or-break’ moment, Jim Cramer says
CNBC’s Jim Cramer on Tuesday said that the S&P 500 is at a critical moment that could send it higher or cut its upward trajectory short. “The charts, as interpreted by Carolyn Boroden,...
Cramer says he likes stocks in these 4 industries over tech right now
CNBC’s Jim Cramer on Tuesday offered investors a list of industries they should eye over tech when managing their portfolios. Here is his list: related investing news Buy this Big Tech stock now...
Double-digit percentage drop will hit stocks in 2023: Morgan Stanley
Investors may be on the doorstep of a deep pullback. Morgan Stanley’s Mike Wilson, who has a S&P 500 year-end target of 3,900 for next year, warns corporate America is getting ready to unlea...
Amazon used AWS in satellite experiment
An image captured by the ION Elysian Eleonara satellite in January 2022. D-Orbit Amazon’s cloud computing division successfully ran a software suite on a satellite in orbit, in a “first-of...
Veteran Investor Mark Mobius Expects Bitcoin Price to Fall to $10,000 – Markets and Prices Bitcoin News
Veteran investor Mark Mobius, the founder of Mobius Capital, expects the price of bitcoin to fall to $10,000. Nonetheless, he said: “Crypto is here to stay as there are several investors who still hav...
Carvana Stock Downgraded After a 97% Drop. Why Analysts Waited.
Carvana stock is falling in Wednesday trading, following a BofA Securities downgrade. The move comes after the stock has swooned 97% so far this year, although BofA isn’t alone in riding the used-car ...