Bloomberg China Decouples Further From US as Benchmark Rate Trails Fed (Bloomberg) — For the first time ever, China’s central bank is offering lenders short-term cash at a lower cost than its US...
Tag: Stock
Tesla is the only top tech stock to outperform Bitcoin in the last 5 years
In recent years, Bitcoin (BTC) has ranked among the best-performing asset class for both traditional and crypto investment sectors. However, the cryptocurrency’s price correction has dented its positi...
Wall Street analysts sour on Coinbase stock
The outlook for crypto exchange Coinbase’s shares has never been worse among the investment banking researchers who cover the stock on Wall Street, according to data compiled by The Block Resear...
Intel stock plummets after wide earnings miss, execution mistakes
Intel Corp. shares plunged in the extended session Thursday after the chip maker missed Wall Street estimates by a wide margin and cut its outlook for the year, acknowledging a slowing market as well ...
Occidental Petroleum Stock Eyes Buy Point As Earnings Near
Occidental Petroleum (OXY), a member of both the IBD 50 and IBD Big Cap 20, is running into resistance as it struggles to advance through a new consolidation pattern toward a buy point. Second-quarter...
DexCom stock drops 17% after company’s Q2 miss
DexCom Inc. DXCM, +1.39% shares fell nearly 17% in the extended session Thursday after the maker of glucose monitoring systems missed analyst expectations for its first quarter and tweaked higher its ...
Amazon Stock Jumps As Revenue Tops Estimates
Amazon (AMZN) reported second-quarter results late Thursday that beat estimates on revenue but missed on earnings. Amazon stock jumped on the news. X The e-commerce giant reported an adjusted loss of ...
Pfizer Stock Dives As Covid-Driven Beat Doesn’t Translate In Guidance
Pfizer stock tumbled Thursday after delivering a second-quarter earnings beat almost entirely on the back of its Covid vaccine and antiviral pill. X The two products, Comirnaty and Paxlovid, brought i...
Opinion: The Fed vowed to crush inflation with higher rates. Then the stock market rallied. Here’s why. (It’s not good news.)
‘‘We are now at levels broadly in line with our estimates of neutral interest rates, and after front-loading our hiking cycle until now we will be much more data-dependent going forward.’’ The Federal...
The Stock Market Is Embracing Inflation Now
Measuring price gains, inflationary or not getty Inflation is not a one-way street to recession. So long as consumers, organizations and governments are receiving income, rising prices are a backdrop ...
Bausch Health stock plummets toward 27-year low after Bloomberg report of unfavorable court ruling
Shares of Bausch Health Companies Inc. BHC, -41.24% suffered a near-record plunge of 50.3% in volatile afternoon trading Thursday before a trading halt, after Bloomberg reported that some of the drug ...
FTX US Enables Stock Trading Services to American Users
The US subsidiary of crypto exchange FTX expanded its range of services offering its American customers the opportunity to trade stocks and Exchange-Traded Funds (ETFs). FTX US’s President – Brett Har...
Amazon stock up 15% despite second consecutive quarterly loss
Amazon.com Inc (NASDAQ: AMZN) stock is up 15% in extended trading on Thursday even after the tech giant reported its second consecutive quarterly loss. Amazon Q2 earnings snapshot Lost $2.0 billion th...
Stock market’s post-Fed bounce is a ‘trap,’ warns Morgan Stanley’s Mike Wilson
“‘Ultimately, this will be a trap.’” — Mike Wilson, chief U.S. equity strategist and CIO, Morgan Stanley Morgan Stanley’s Mike Wilson, who correctly called the stock market’s 2022 swoon, isn’t convinc...
FTX.US Introduces Stock Trading for US Residents
FTX.US has listed hundreds of stocks on its platform as it expands its offerings away from virtual currencies to mainstream assets. The American arm of the exchange, has expanded its horizons into sto...
Best Buy stock still has more downside: Analysts
A day after Best Buy Co Inc (NYSE: BBY) trimmed its outlook both for the current fiscal quarter as well as the full year, a Jefferies analyst says his “overweight” rating on the Best Buy stock is no l...
Crypto Exchange FTX Offers Stock Trading Services to All Users in US
Cryptocurrency exchange FTX.US has opened stock trading to users in all 50 U.S. states. Company President Brett Harrison tweeted Wednesday, saying: “Trade hundreds of stocks and ETFs from both t...
Cathie Wood’s Ark Invest Dumps $75M in Coinbase Stock
Ark Invest, the investment firm helmed by Cathie Wood, dumped a total of more than 1.4 million shares of Coinbase Global (COIN) on Tuesday, per the firm’s daily trade information newsletter. The sale ...
Beyond Meat stock falls after conclusion of McDonald’s McPlant test
Advertising for the McPlant burger, a plant based vegetarian alternative to more traditional meat burgers by fast food giant McDonalds on 11th July 2022 in London, United Kingdom. Mike Kemp | In Pictu...
FTX US opens no-fee stock trading offering for all US users
FTX US has opened its no-fee stock trading offering to all US users, as it seeks to reach more customers. The exchange had earlier allowed selected users to test out its stock trading option. With a f...
Paramount stock drops after bearish call by Goldman Sachs
Goldman Sachs weighed in with a skeptical view of Paramount Global Inc. Tuesday, writing that the current economic backdrop could complicate the media company’s streaming objectives. “We have not chan...
Tesla (TSLA) is Europe’s most-Googled stock, study finds
With the current sentiment swings in the markets, investors are looking for new opportunities to invest in, often times using the internet to perform their due diligence. Meanwhile, a UK-based financi...
Activision’s Microsoft Deal Discount Offers a ‘Call of Duty’ to Investors
In January, Microsoft (MSFT) announced its deal to acquire Activision Blizzard (ATVI) in an all-cash offer of $95. Six months later, with a yawning discount in ATVI’s stock price to Microsoft...
Cathie Wood’s Ark Invest Sells Coinbase Stock for $75 Million
Coinbase, like most other crypto-linked stocks, has seen its values plummet on the back of the recent crypto market crash. Ark Invest, the third-biggest shareholder in Coinbase, has sold off over 1.41...
Coinbase stock (COIN) in danger of another 60% crash by September — Here’s why
Coinbase (COIN) stock bounced by 4.35% to $57 on July 27 after shedding roughly 20% over the past week. But more downside is likely despite the release of Coinbase’s first installment of the Bor...
Bitfinex Market Analysts Talks On BTC, Traditional Stock Reaction After Fed’s 2.5% Hiked Rate
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FTX.US opens stock trading in all 50 American states, should you buy FTT?
FTX (FTT/USD) is one of the largest crypto derivatives exchanges out there that allows users to essentially engage in the process of buying and selling numerous cryptocurrencies and index futures with...
Teladoc Stock Sinks on Wider Loss and Weak Guidance
Teladoc Health was falling more than 23% in premarket trading Thursday after the remote healthcare provider posted a wider-than-expected quarterly loss after recording a $3 billion impairment charge. ...
Bitcoin mining stock report: Tuesday, July 26
Bitcoin mining companies were down in the stock market on Tuesday afternoon, as bitcoin’s value fell below $21,000. The coin was trading at around $20,900 at market close. TeraWulf, Bit Digital ...
Roku’s stock plunges 28% on weak outlook, misses at top and bottom lines
Roku Inc.’s stock quickly plunged 28% in extended trading after the company offered paper-thin guidance and reported fiscal second-quarter results Thursday that fell short of Wall Street analysts’ for...