A pedestrian stands outside of the Abercrombie & Fitch store on Fifth Avenue in New York City. Craig Warga | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Ab...
Tag: Markets
Ripple Labs On Gigantic Leap In ODL Markets In 2022
Latest reports claim that Ripple Labs has leaped massively on the On-Demand-Liquidity (ODL) solutions this year. Ripple has recently announced its several old customers in the ODL markets, which incl...
Venezuelan President Nicolas Maduro Signals Support for Single Currency in Latam, Calls for Crypto Inclusion – Emerging Markets Bitcoin News
Nicolas Maduro, president of Venezuela, has expressed his support for the adoption of a new common currency for Latam in the latest meeting of the Workgroup of the Sao Paolo Forum. Maduro stated that ...
Collapsed crypto exchange FTX has about $1.24 billion of cash in total — but still owes at least $3.1 billion
In this photo illustration, a bitcoin logo seen displayed on a smartphone with a FTX logo on the background. Avishek Das | Lightrocket | Getty Images FTX’s vast web of entities had a total of a...
Coinbase, Silvergate rise in pre-market trading, GBTC lifts off fresh lows
Most major cryptocurrencies were lower on Tuesday morning, but some altcoins bucked the downward trend. Bitcoin was down 0.9% over the past 24 hours, trading at $16,003. Meanwhile, ether droppe...
Baidu Beats Revenue Expectations Despite Continued Covid Worries
Baidu on Tuesday became the latest Chinese technology company to report a return to annual growth, as it beat expectations for its third-quarter revenue. Baidu (ticker: BIDU)—often referred to as Chi...
Best Buy, Dick’s, Abercrombie & Fitch and others
Check out the companies making headlines before the bell: Best Buy (BBY) – Best Buy rallied 7% in the premarket after its third-quarter results beat analyst estimates. The electronics retailer also re...
Crypto Markets Shed $60B in 2 Days as Bitcoin Slumps Below $16K (Market Watch)
Bitcoin took another turn for the worse and dumped below $16,000 to mark a fresh two-year low. Most alternative coins fell hard as well yesterday, with ETH sliding beneath $1,100. Chainlink and Liteco...
FTX Hacker Dumps ETH On Markets, Price Plummets
Users affected by the FTX collapse now have another major problem to deal with, as it emerged the hacker responsible for the subsequent hack has begun manipulating the price of ETH. As a result of th...
Bitcoin Whales Underwater as Markets Mirror Late 2018
In its ‘Week on-chain’ report on Nov. 21, blockchain analytics firm Glassnode reported that recent market weakness has “shaken the confidence of Bitcoin holders.” It measured aggregate increases in th...
Genesis Bankruptcy Warning Weighs on Crypto Markets
(Bloomberg) — Crypto brokerage Genesis warned of the risk of bankruptcy amid contagion from the rapid demise of Sam Bankman-Fried’s FTX empire. Most Read from Bloomberg Tampa Bay Buccaneers quar...
Saudis, Russians rush to market’s rescue, 2 weeks early
By Barani Krishnan Investing.com — There are another two weeks to go for the OPEC+ meeting, but the Saudis and Russians have decided not to sit back and let the market collapse continue. In an u...
You ought to pass on Medical Properties Trust
Howmet Aerospace Inc: “I think aerospace exposure is incredibly important, and Howmet will give it to you.” UiPath Inc: “I actually believe in the company, but that company is losing...
Crypto Markets Nervous as the FTX Collapse Dents Institutional Confidence
Bitcoin (BTC) dropped to the $15,500 level, nearing a two-year low, amid a gloomy market climate following the FTX collapse. The largest cryptocurrency by market capitalization was trading as low as $...
Charts suggest the S&P 500 will rally in December, Jim Cramer says
CNBC’s Jim Cramer said Monday that stocks in the benchmark S&P 500 will likely rally next month. “The charts, as interpreted by the legendary Larry Williams, suggest that the Santa Cla...
Jim Cramer says he’s bullish on Disney after Iger’s return as CEO
CNBC’s Jim Cramer said Monday that he’s sticking by Disney after the company welcomed Bob Iger back to the chief executive role. “Disney’s the defining story of the day. This i...
Is It Possible That US Crypto Markets Will Survive In The Coming Years
The FTX breakdown created a high level of doubt and fear among crypto investors and users. Last week, the crypto market was filled with uncertainty for crypto asset prices. Investors are afraid to mak...
Crypto market liquidity dries up following Alameda and FTX collapse
The crypto market has experienced a liquidity dry up in the wake of the collapse of crypto exchange FTX and its sister trading firm Alameda Research, according to data provider Kaiko. The firms...
Bob Iger is back. He’s the steady hand that Disney needs as CEO to get it back on track
Bob Chapek is out as chief executive of Disney (DIS), the company said late Sunday, a leadership shakeup that nearly two weeks ago we began to champion as necessary to get the entertainment giant back...
Fed May Lift Interest Rates to 8%-9%, Economist Says
The big question raging through financial markets is how much more the Federal Reserve will raise interest rates. Since it began its rate-hike campaign in March, the Fed has lifted the federal funds r...
Zoom, Dell, Urban Outfitters and more
Detail of a home office setup on a kitchen worktop, including a laptop computer with Zoom video conferencing software, taken on September 9, 2020. Phil Barker | Future Publishing | Getty Images Check ...
Coinbase Stock Hits All-time Low as Markets Scream ‘Risk-off’
Coinbase stock took a beating Monday, setting a new low-price point after dropping 8% on the day toward the end of the trading session in New York as investors dial down crypto-related risk in the wak...
Fed’s Mester wants more progress on inflation before ending interest rate hikes
Cleveland Federal Reserve President Loretta Mester said Monday inflation will need to show more signs of progress before she’s ready to stop advocating for interest rate increases. While acknowl...
Stock And Bond Investors: Markets Headed To Shakeouts
Traders at work as stock market drops at New York Stock Exchange (Photo by Drew Angerer/Getty … [+] Images) Getty Images The concern about bonds and stocks falling together is going to worsen. T...
Starbucks Union Efforts Get Frothy With Strike
Getty Images Key takeaways Workers at over 100 Starbucks locations went on strike Thursday in the next stage of the Starbucks union effort The walkouts coincided with Starbucks’ Red Cup Day, one of th...
Markets will shift to a ‘hope’ phase next year, and investors would be wise not to miss it, says Goldman Sachs
Fresh China COVID-19 worries are threatening to nix any preholiday gains for Wall Street, with stocks struggling, oil tumbling and the dollar higher as Monday’s session gets underway. In a shortened w...
Collapsed crypto exchange FTX owes top 50 creditors $3 billion: Filing
The collapse of FTX has sent shockwaves through the cryptocurrency industry. The price of bitcoin and other major digital coins have fallen sharply as problems at FTX emerged. Jakub Porzycki | Nurphot...
Analyst Predicts Major Move for One Altcoin, Says Crypto Markets Primed for a Bounce as US Dollar Weakens
A closely followed crypto analyst is calling for rallies in one Ethereum-based altcoin and predicting an overall move in the digital asset markets on the back of a weaker US dollar. The pseudonymous a...
Walt Disney, Carvana, Coinbase and more
Take a look at some of the biggest movers in the premarket: Walt Disney (DIS) – Walt Disney rallied 8.8% in premarket trading after the weekend announcement that former Chairman and CEO Bob Iger is re...