Instead of gearing up to trade Thursday, investors may be defrosting their Thanksgiving turkeys—and clipping coupons ahead of Black Friday. This year, Thanksgiving and Black Friday come after two days...
Tag: Markets
Wall Street Is Saying ‘No’ to a Bitcoin Rebound. Bearish Bets Are Piling Up.
Bitcoin has been licking its wounds from two-year lows in the wake of crypto exchange FTX’s bankruptcy this month. Sentiment may be cautiously improving in the digital-asset world, but investors on Wa...
Mainland China’s total daily Covid cases soar above Shanghai lockdown highs
Only a few vehicles, including one with two health workers, drive through Beijing’s central business district on Nov. 23, 2022, as the area has announced tighter Covid controls. Kevin Frayer | G...
Crypto prices pare initial gains after Fed minutes show a slow down ‘soon’
Crypto prices rose and quickly came back down upon the release of the minutes showing that the Fed is going to “slow” down its hikes. The Federal Open Market Committee (FOMC) — which decid...
Block.one and CEO Blumer amass 17% stake in Silvergate
Block.one CEO Brendan Blumer has acquired a 9.3% stake in Silvergate with the Nov. 16 purchase of 2.9 million shares of the company’s stock, according to documents filed with the U.S. Securities...
Why you should keep an eye on Asian markets for web3 scaling & adoption w/Sora Ventures – SlateCast #36
In the latest episode of the CryptoSlate SlateCast, we caught up with Jason Fang from Sora Ventures to get insight into the Asian crypto market, learn why he decided to invest in CryptoSlate, and his ...
Mango Markets Hacker’s Plan To Short CRV Backfires
A crypto trader responsible for the Mango Markets exploit has seen his short position liquidated, thanks to a series of wild price swings in the CRV price. The trader, identified as Avraham Eisenberg...
Fed minutes November 2022:
Federal Reserve officials earlier this month agreed that smaller interest rate increases should happen soon as they evaluate the impact policy is having on the economy, meeting minutes released Wednes...
Citigroup, Manchester United, Nordstrom, Tesla and more
Check out the companies making headlines in midday trading Wednesday: Citigroup — The stock dropped 2.3% after Citigroup was told it must address weaknesses in its management of financial data by U.S....
Sequoia’s Doug Leone says today’s downturn is worse than 2000 and 2008
Sequoia Capital Global Managing Partner Doug Leone speaks onstage during Day 2 of TechCrunch Disrupt SF 2018 at Moscone Center on September 6, 2018 in San Francisco, California. Steve Jennings | Getty...
Bitcoin, Ethereum, Dogecoin Muster Thanksgiving Rally as Markets Rebound
Bitcoin has recovered some ground after hitting its lowest price for two years yesterday, per CoinGecko. The world’s largest cryptocurrency clawed its way back above the $16,000 mark and, on Wednesday...
Deere, HP, Nordstrom and others
Check out the companies making headlines before the bell: Deere (DE) – The heavy equipment maker reported better-than-expected profit and revenue for its latest quarter and issued an upbeat outlook. D...
Bitcoin, ether, altcoins, crypto stocks are all buzzing pre-market ahead of Fed minutes
Altcoins led a rally across crypto asset prices, with some adding double-digit gains. Binance’s BNB rose 13%, and Litecoin’s LTC was up over 15%. Bitcoin rose 3.2% over the past 24...
VT Markets bags three Magazine Awards
VT Markets has emerged as the winner of three Global Business Magazine Awards, adding more reputation to its name in the industry. VT Markets has been credited for its trading platforms and services, ...
Credit Suisse shareholders greenlight $4.2 billion capital raise
The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. Arnd Wiegmann | Reuters Credit Suisse shareholders on Wednesday approved a 4 billion Swiss franc...
Stocks, US Futures Are Steady Before Fed Minutes: Markets Wrap
(Bloomberg) — European stocks and US equity futures were steady as investors awaited the release of policy minutes from the Federal Reserve’s latest meeting for insights on the path of rate hike...
Credit Suisse projects $1.6 billion fourth-quarter loss
Switzerland’s second largest bank Credit Suisse is seen here next to a Swiss flag in downtown Geneva. Fabrice Coffrini | AFP | Getty Images Credit Suisse on Wednesday projected a 1.5 billion Swi...
China may have ‘passed the point of no return’ as Covid infections soar
Beijing’s business district lay nearly empty during rush hour on Nov. 22, 2022, after local authorities asked people to work from home, among many measures targeted at controlling the latest Cov...
Mango Markets hacker allegedly feigns Curve short attack to exploit Aave
As described by analysts at Lookonchain on Nov. 22, tokens of decentralized exchange Curve Finance (CRV) appear to have suffered a major short-seller attack. According to Lookonchain, ponzishorter.eth...
CME’s Terry Duffy says he saw trouble before FTX collapse
A major exchange executive says he detected red flags months before the historic FTX collapse. CME Group chairman and CEO Terry Duffy said he suspected corruption at the cryptocurrency exchange the da...
Stablecoin Oversight Could Control Volatility Spillover in Traditional Financial Markets: Report
According to new research conducted by the Hong Kong Monetary Authority (HKMA), the cryptocurrency industry is deeply intertwined with the traditional financial system, particularly stablecoins, pegge...
I still see another bad quarter ahead for Ford Motor
Ford Motor Co: “I still see another bad quarter ahead because they don’t have the right inventory, and then maybe things can get better.” Duolingo Inc: “Everyone I know loves i...
Jim Cramer says these 10 tech and software stocks can make a comeback
CNBC’s Jim Cramer on Tuesday named hammered tech stocks that he believes can make a comeback after the Federal Reserve finishes tightening the economy. Here is his list: Amazon Microsoft Alphab...
Beware The Interaction Between Currency And Equity Markets
The US dollar (USD) has had a strong year versus most currencies in the world. In this article we explain this move and its impact on the global equity markets. The rise of the USD has coincided with ...
The Block: Bitcoin Mining Stock Report: Tuesday, November 22
More than half of the bitcoin mining stocks tracked by The Block increased, while others declined by double digits. TeraWulf’s stock declined by 16% and Core Scientific’s stock fell...
Charts suggest a major buy opportunity for oil is coming
CNBC’s Jim Cramer said Tuesday that investors should gear up to buy oil next month, relying on charts analysis from Carley Garner. “She thinks there could be one last washout from this wee...
Stocks making the biggest moves after hours: Nordstrom, Autodesk and more
A Nordstrom store in Irvine, California. Scott Mlyn | CNBC Check out the companies making headlines after hours. Nordstrom — Shares fell more than 4% after the department store cut its forecast. Nords...
Zonda Slashes Maker/Taker Fees by 50% Across All Markets From November 22-29
– Advertisement – Tallinn, Estonia, 22nd November, 2022, Chainwire Zonda, the leading cryptocurrency in Eastern Europe, will slash maker and taker fees by 50% for one week. Zonda is the la...
Core Scientific warns of ‘substantial doubt’ to continue operations, posts $435 million loss
Bitcoin miner Core Scientific will need extra liquidity to keep operations going past November 2023 — and it’s facing a steep uphill battle to do so. “The ability to raise funds thro...