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 Monday’s key moments. Healthcare and staples lead...
Tag: Markets
Africa Focused Crypto Exchange Yellow Card Granted VASPs License in Botswana – Emerging Markets Bitcoin News
Yellow Card, an Africa-focused cryptocurrency exchange platform, recently said it has received a virtual asset service provider (VASP) license to operate in Botswana. Granted by the country’s Non-Bank...
Andreessen Horowitz-backed Apex Space aims to mass produce spacecraft
Co-founders Max Benassi, left, and Ian Cinnamon Apex Space A pair of heavy-hitter startup founders is turning their attention to what they see as a key bottleneck in the space industry, and has alread...
Australian Markets Regulator Sues Promoter of Crypto Token Qoin
The Australian Securities and Investments Commission (ASIC) said the advertisements made “false, misleading or deceptive representations” that consumers will be able to exchange Qoin token...
Space race to connect satellites to phones with Apple, SpaceX, AT&T
The race to provide high-speed internet from satellites is well underway – but another, more ambitious competition, to connect directly from space to devices like smartphones, began in earnest earlier...
Investor fears about Xi’s new leadership team ‘may be misguided’
Li Qiang, likely to become the next premier, is pictured here speaking at a major annual financial conference in Shanghai in 2020. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese stocks’ ...
Why Beijing won’t bail out its real estate sector
Many Chinese developers have halted or delayed construction on presold homes due to cash flow problems. Pictured here is a property construction site in Jiangsu province, China, on Oct. 17, 2022. Futu...
Qualtrics, W.R. Berkley, Discover Financial and more
Sopa Images | Lightrocket | Getty Images Check out the companies making headlines after the bell: Discover Financial — Shares fell about 1.8% after Discover Financial posted weaker-than-expected earn...
Single-bond ETFs may be the key to revolutionize trading Treasurys
Single-bond exchanged traded funds may be the key to solving some frequent investing problems. In August, F/m Investments, a $4 billion multi-boutique investment advisor, launched three single-bond ET...
Mango Markets hacker talks up sh*tcoin, warns against ‘losing all money’
Avraham Eisenberg, aka the Mango Markets “hacker,” boasted on Twitter about his most recent endeavour – Mango Inu – A meme coin based on Eisenberg’s infamous Mango Markets attack. However, a few days ...
Avis, Pinduoduo, Starbucks, Alibaba and more
People wait in line at Avis rental agency in the Miami International Airport Car Rental Center. Joe Raedle | Getty Images Check out the companies making the biggest moves midday: Tesla — Shares of the...
U.S.-listed Chinese stocks drop after Beijing’s power reshuffle makes the market ‘uninvestable’
More and more Asian companies have announced share buybacks in recent weeks. Chinese internet giant Alibaba has said it will increase its share buyback program from $15 billion to $25 billion. Sheldon...
Tesla, WeWork, Alibaba and more
Take a look at some of the biggest movers in the premarket: Tesla (TSLA) – Tesla fell 2.5% in the premarket after cutting Model 3 and Model Y prices in China by up to 9%. The price cuts come amid sign...
Tesla Stock Falls. It’s All About China.
Electric vehicle maker Tesla cut prices in China, the largest market for new cars and electric vehicles on the planet. Investors are nervous. Tesla Chinese website on Sunday showed lower prices to buy...
Alibaba, Tencent, Other Chinese Stocks Are in Free Fall. It’s About Xi Jinping.
Shares in Chinese companies were plunging Monday as markets reacted to the consolidation of power by President Xi Jinping, after he was confirmed to a historic third term as leader of the world’s seco...
Markets Fear Worst As Mainland Investors Buy Foreign Selling
China Last Night KraneShares Key News Asian equities were largely higher though Hong Kong and Mainland China underperformed while multiple markets were closed for Diwali, the five-day Hindu religious ...
Is Bitcoin [BTC] still the market’s most dominant crypto, especially after…
Bitcoin [BTC] could be on the verge of losing its market dominance again, after having regained it only recently. This is the opinion of CryptoQuant analyst, Maartunnn. The analyst had predicted on 11...
Markets ‘confident’ as Rishi Sunak set to become U.K.’s Prime Minister
FTSE 100 seems to be regaining some momentum on Monday as Rishi Sunak won the race to become the next Prime Minister of the United Kingdom. Gilt yields are trending down Earlier today, rival candidate...
Mango Markets Exploiter Launches Shitcoin to Abuse Bots, Warns Twitter Community
Last week, Mango Markets lost $115 million worth of crypto due to a “profitable trading strategy” employed by Avraham Eisenberg and his team. While technically an exploit of the Mango Markets platform...
Freeway halts services citing ‘unprecedented volatility’ in forex, crypto markets
Freeway, a cryptocurrency investing platform, stopped operating on Sunday, which fueled a sharp drop in the value of its native crypto. Over the last 24 hours, the token’s price has fallen by more tha...
Mortgage bankers expect rates to drop to 5.4% in 2023. What will home prices do?
NASHVILLE, Tenn. — High mortgage rates and recession fears are hurting home prices, so expect growth to be flat this year, one expert says. “Our forecast is for home-price growth moderation to continu...
Stablecoins Used to Fight Devaluation and Inflation in Latam – Emerging Markets Bitcoin News
According to Chainalysis, a crypto auditing and blockchain tracking firm, the use of dollar-pegged stablecoins is growing in Latam, specifically in Argentina and Venezuela, due to the common economic ...
Binance narrowing down identity of hacker behind BNB crypto hack: CEO
Cryptocurrency exchange Binance is getting closer to figuring out the identity of a hacker that orchestrated a $570 million hack on its BNB blockchain, CEO Changpeng Zhao told CNBC Monday. After getti...
JPMorgan president Daniel Pinto says a recession is likely and markets may fall further as the Fed raises rates
Daniel Pinto, co-president and chief operating officer of JPMorgan Chase & Co., speaks during the Institute of International Finance (IIF) annual membership meeting in Washington, D.C., Oct. 18, 2...
Tesla Cuts Prices In China. Bears Are Likely to See Demand Problems.
Electric-vehicle maker Tesla looks to be cutting prices in China, the largest market for new cars and new electric vehicles on the planet. Trading Monday will give investors some idea of how the marke...
Chinese Markets Tumble as Xi’s Tightening Grip Alarms Investors
(Bloomberg) — China’s yuan weakened and country’s stocks tumbled to the lowest level since the depths of the 2008 global financial crisis in Hong Kong, a stark rebuke of President Xi Jinping’s m...
Asian Shares Poised to Climb as US Futures Advance: Markets Wrap
(Bloomberg) — US equity futures rallied and Asian shares looked set to rise on Monday after Treasury yields slipped from multiyear highs amid focus on when Federal Reserve rate hikes will peak. ...
The Stock Market Had a Great Week, but It Hasn’t Gone Anywhere in a Month. Inside a Very Volatile Market.
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Mango Markets hacker rugpulls Mango Inu after warning investors would “definitely lose all your money”
The Mango Markets “hacker,” who goes by Avraham Eisenberg, bragged on Twitter about his latest project, Mango Inu, a meme coin based on Eisenberg’s infamous Mango Markets exploit. Eisenberg, however, ...
Transition in NFT Markets as Opensea’s Monopoly Diminishes: Report
Last year’s NFT gold rush marked the ascent of OpenSea into a $13 billion company, but its competitors have been increasingly capturing market share. A new report suggests the transition of a previous...