Advertisement     As March begins, Bitcoin has had traders honing in on the belief the top crypto asset could be completing its period of consolidation before the next...
Tag: Markets
Silvergate may be poorly capitalized, reevaluating strategy in light of ‘regulatory challenges’
Silvergate Capital Corporation told the U.S. Securities and Exchange Commission that it may be “less than well-capitalized” and said it was “reevaluating its business” in a filing with the agenc...
GM to Axe Hundreds of Jobs. But It’s Not About Cutting Costs.
General Motors is cutting salaried and executive staff positions, after saying earlier this year that it didn’t plan layoffs. GM (ticker: GM) representatives on Tuesday said the cuts affected a small ...
David Einhorn says investors should be ‘bearish on stocks and bullish on inflation’
Greenlight Capital’s David Einhorn said Wednesday he’s keeping his negative stance on the stock market as inflation and interest rates could shoot higher. “I think we should be beari...
Stocks making the biggest moves premarket: RIVN, KSS, NVAX
Monster Beverage Corp. drinks. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines before the bell. Rivian — Shares of the electric vehicle maker tumbled more than 9%...
Bitcoin inches higher as prices continue in narrow range, Silvergate whipsaws after downgrade
Markets • March 1, 2023, 10:28AM EST Crypto prices were slightly higher halfway through the week, with most trading within a narrow range. Crypto stocks dipped after the open. Bitcoin was tradin...
$33 billion fintech giant Revolut reports first-ever annual profit
Nikolay Storonsky, founder and CEO of Revolut. Harry Murphy | Sportsfile for Web Summit via Getty Images Financial technology giant Revolut reported its first-ever annual profit in 2021, according to ...
Stocks moving big after the bell: FSLR, AMC, NVAX
A worker installs First Solar Inc. photovoltaic solar panels at the Agua Caliente Solar Project in Yuma County, Arizona. Joshua Lott | Bloomberg | Getty Images Check out the companies making headlines...
3 Reasons Long-Term Investors Should Be Optimistic
Short-term market moves should always be expected, especially for equity investors. But over the … [+] long-term, historical data paints a much better picture about the resiliency of markets. ge...
Tesla Signs Battery Material Deal With Korea’s L&F
Tesla investors are having a busy week and it’s only Tuesday. Ahead of the week’s main event, an analyst day on Wednesday, investors have to digest news about batteries as well as EV demand in China a...
Alibaba Stock’s Recovery Has Momentum. This Is One Potential Risk.
Analysts are increasingly upbeat about Alibaba stock in the wake of the group’s quarterly earnings, which supported the narrative that the Chinese tech company’s recovery is on track. But a familiar c...
Stocks Rally as China Factory Data Lift Sentiment: Markets Wrap
(Bloomberg) — Stocks and currencies rallied in Asia, led by a surge of more than 3% in Hong Kong’s benchmark index, as China’s manufacturing posted its biggest improvement in more than a decade....
Rivian (RIVN) earnings Q4 2022
Rivian electric pickup trucks sit in a parking lot at a Rivian service center on May 09, 2022 in South San Francisco, California. Justin Sullivan | Getty Images Electric vehicle startup Rivian Automo...
Bitcoin mining report: Feb. 28
Bitcoin mining stocks tracked by The Block were mostly higher on Tuesday, with 12 gaining and the other seven declining. Bitcoin fell 0.6% to $23,215 by market close. Here is a look at how the individ...
Norwegian Cruise Line Misses Earnings Estimates. The Stock Is Falling.
Norwegian Cruise Line Holdings stock tumbled Tuesday as the company posted a wider-than-expected loss and provided disappointing guidance for 2023. Cruise operator Norwegian (ticker: NCLH) posted an a...
UBS says Mt. Gox repayments are unlikely to destabilize bitcoin price
UBS strategists say impending Mt. Gox bankruptcy repayments might not be cause for concern for the price of bitcoin. Crypto prices have been sluggish toward the end of February. Bitcoin was trad...
Ether set to gain market leadership as the ‘stars are aligned,’ say Bernstein analysts
Crypto prices traded in a narrow range throughout February after a rip-roaring January saw some coins rally 40%, as Bernstein analysts say the Ethereum network could be set to explode. Ether wa...
Avraham Eisenberg Arrested for Mango Markets Crypto Scam
Avraham Eisenberg – a man from Puerto Rico – is set to face charges in a New York City courtroom after allegedly invoking a crypto fraud scheme that cost investors more than $110 million. Avraham Eise...
State IRA programs work toward closing the racial retirement savings gap
Maskot | Maskot | Getty Images The income and wealth gaps between people of color and white households is wide, but state-run retirement programs are attempting to help workers find parity. As many as...
Dish, Target, Zoom, Arconic and more
Dish Networks exhibit at CES 2016 in Las Vegas. Justin Solomon | CNBC Check out the companies making the biggest moves in premarket trading: Dish Network — The satellite company’s shares fell al...
Trader Who Called Exact Bitcoin Bottom Updates Outlook on Crypto Markets As Crucial Monthly Close Approaches
A trader who bought Bitcoin’s November bottom at $16,000, sold its recent $25,000 top and rebought at $23,000 is updating his outlook on the volatile crypto markets. In a new edition of Weekly Roundup...
Credit Suisse ‘seriously breached’ obligations in Greensill case
The logo of Credit Suisse Group in Davos, Switzerland, on Monday, Jan. 16, 2023. Bloomberg | Bloomberg | Getty Images Credit Suisse “seriously breached its supervisory obligations” in the ...
The U.S. and China have a culture clash around their telephone hotline
Flags of the U.S. and China displayed on a table ahead of a meeting. Jason Lee | AFP | Getty Images BEIJING — The politically important U.S.-China relationship is vulnerable to cultural differences — ...
Institutional Investors Go Short on Crypto Markets As Macro Data Sparks Nervous Sentiment: CoinShares
Digital assets manager CoinShares says institutional crypto investment products were largely shorted by investors last week. In its latest Digital Asset Fund Flows Weekly Report, CoinShares finds that...