The third quarter wasn’t a kind one for corporate profits. “Third-quarter earnings are the weakest they have been, with more misses and less beats, since the first quarter of 2020,” wrote Jakir Hossai...
Tag: Markets
Bitcoin price target now $13.5K as BTC trader says ‘exit all the markets’
Bitcoin (BTC) ranged around $16,500 on Nov. 17 as markets digested the latest events surrounding exchange FTX. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView FTX CEO tells of “complete fa...
Fallen FTX Founder Bankman-Fried Gives Regulators the Middle Finger
Sam Bankman-Fried, the founder of the FTX cryptocurrency exchange, can not hide his disgust at financial regulators. The 30-year old former billionaire borrowed a whopping $1 billion from one of his b...
Crypto prime broker FalconX will no longer use Silvergate’s SEN network
Crypto prime broker FalconX will no longer use the Silvergate Exchange Network (SEN), according to an email sent by FalconX to clients and obtained by The Block. “Out of an abundance of caution ...
Ross Stores, Carvana, Coinbase, Rent the Runway and more
Pedestrians pass in front of a GAP store in New York. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Ross Stores — Ross Stores jumped 10% after a quarterly beat on earni...
Exchanges rushed to show proof of reserves. It’s not enough.
Centralized exchanges still standing after the fall of FTX rushed to show proof of reserves. It’s a nice show, but it’s not enough, experts say. Proof of reserves — or showing exactl...
Oil buy, P&G tailwinds, sticking by TJX
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 Friday’s key moments. Opportunity to buy oil PG i...
Coinbase, Silvergate and crypto stocks tick lower, Grayscale trusts hit new lows
Crypto prices traded up marginally on Friday, while shares in Coinbase and Silvergate continued to trade lower. Bitcoin was up 0.1% over the past 24 hours, trading at $16,693. Meanwhile, ether ...
Cost-cutting customers are coming to us in tough economy
Palo Alto Networks is seeing tailwinds from customers looking to slash costs in the worsening economy, CEO Nikesh Arora said Thursday. “The silver lining in the current environment is that we...
Insurer Sees Strong Demand for Preferred Stock With Juicy 9% Yield
Income-oriented investors got a gift when insurer Lincoln Financial Group offered $1 billion of preferred stock this week, including a deal with a 9% annual dividend rate that is accessible to retail ...
Ontario Teachers’ Pension Plan to write down $95 million FTX investment to zero
The Ontario Teachers’ Pension Plan (OTPP), one of the most important pension funds in the world, will write down all of its $95 million investment in FTX and FTX US. The OTPP had invested ...
Fed’s Collins expresses hope that inflation can be tamed without hitting jobs
Susan Collins, Boston Federal Reserve Source: Federal Reserve Bank of Boston Boston Federal Reserve President Susan Collins expressed confidence Friday that policymakers can tame inflation without doi...
Foot Locker, JD.com, Gap and others
Check out the companies making headlines before the bell: Foot Locker (FL) – Foot Locker shares soared 14% in the premarket after beating top and bottom line estimates for its latest quarter. The appa...
Crypto startup Ripple seeks license in Ireland to drive EU expansion
In this photo illustration of the ripple cryptocurrency ‘altcoin’ sits arranged for a photograph on April 25, 2018 in London, England. Jack Taylor | Getty Images News | Getty Images U.S.-...
Alibaba says 15% of China delivery areas disrupted during Singles Day
Alibaba broke tradition by not releasing total sales for its Singles’ Day shopping festival this year. Pictured here are advertisements for the festival in a Shanghai subway station on Nov. 10, ...
The Block: Nouriel Roubini outlines the 10 forces that can cripple the economy: part 2
Episode 114 of Season 4 of The Scoop was recorded live with The Block’s Frank Chaparro and Roubini Macro Associates Chairman and CEO, Nouriel Roubini. Listen below, and subscribe to The Sc...
Markets Tend to Fall into a Deep Bearish Trap-Traders to Short Bitcoin & Ethereum
The stagnant crypto markets have compelled traders to rethink the upcoming price trend. While the possibility of a fresh upswing has been rooted out for some time due to FTX-collapse, the traders now ...
This is the chart that rattled U.S. financial markets on Thursday
One chart is all it took to move financial markets on Thursday. That chart was presented by St. Louis Fed President James Bullard as part of a presentation in Louisville, Ky., and it shows where he se...
Jim Cramer says ‘exhausted’ sellers are behind the market’s strength
CNBC’s Jim Cramer said on Thursday that stocks have largely stayed resilient lately because the investors remaining in the market are there to stay. “The sellers are exhausted. The remaini...
Bahamas seized FTX Digital Markets’ assets on Nov. 12, regulator now says
The Securities Commission of the Bahamas on Nov. 12 transferred FTX Digital Markets’ assets to a digital wallet it controls, the regulator said on Twitter Nov. 17, further complicating a legal s...
Cramer says fire Disney CEO Bob Chapek; fix ‘balance sheet from hell’
Jim Cramer on Thursday called on Disney (DIS) to oust CEO Bob Chapek and clean up the company’s ugly balance sheet. Chapek is “incapable of running a fantastic company,” Jim said. &#...
Black Friday surprise: Jeff Bezos tells people not to buy cars, refrigerators and other big-ticket items. Critics call him out.
Billionaire Jeff Bezos, who founded the e-tail behemoth Amazon, has some spending tips as Americans gear up for the holiday shopping season — amid four-decade-high inflation and recession worries. Her...
Live Nation, Gap, Ross Stores, Palo Alto and more
Check out the companies making headlines in midday trading. Gap – The retailer popped 10% after beating Wall Street’s estimates for revenue. Gap also also gave a cautious outlook for the holiday...
Former SpaceX employees file complaints alleging retaliatory firings
SpaceX headquarters in Los Angeles, California. AaronP/Bauer-Griffin | GC Images | Getty Images Former employees of SpaceX have filed federal complaints against the company, alleging Elon Musk’s...
What The 2022 Midterms Mean For The Markets
Kevin McCarthy (R-CA) will serve as speaker of the House from January 2023, how will political … [+] gridlock after the midterms shape financial markets? (Kent Nishimura / Los Angeles Times via ...
Uruguayan unicorn reports $5.6 million stuck in FTX as damage adds up
Uruguayan payments unicorn DLocal has $5.6 million tied up on FTX, the company said in a filing. “We are not working with any other crypto exchange as banking service, and our exposure to the cr...
FDA says lab-grown meat is safe for human consumption
Uma Valeti, CEO and founder, UPSIDE Foods speaks at the 2021 Milken Institute Global Conference in Beverly Hills, California, October 18, 2021. David Swanson | Reuters The Food and Drug Administration...
Bath & Body Works, Norwegian Cruise Line, Macy’s and more
Bath & and Body Works entrance. Jeff Greenberg | Getty Images Check out the companies making headlines in midday trading. Bath & Body Works – Bath & Body Works’ stock surged 24% afte...
John Malone says he’s skeptical of ad-supported content as Netflix, Disney roll out ad tiers
Liberty Media Chairman John Malone told CNBC he’s doubtful that adding commercials to long-form streaming content would help media companies be successful in the long run. “I’m a lit...
Crypto stocks sink lower as cryptocurrencies tread water
Crypto prices were treading water on Thursday while stocks led equity market losses. Bitcoin gained 0.2% to $16,501 over the past day, while ether shed 0.3% to trade at $1197, according to data via C...
Norwegian Cruise Stock Falls After a Rare Double Downgrade
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