Author: Fernanda T
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Wall Street Highlights on Friday: Import Prices, First Solar, Tesla, Meta and more
The US Index Futures operate with high, after four consecutive falls of the Dow Jones and S&P 500, when fears of recession returned to the investors’ radar. Market players fear that weaker inflation figures, along with rising jobless claims, the banking crisis and the US debt impasse could lead to an economic slowdown in the world’s…
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Crypto this Thursday: NY to Accept Stablecoin Bail, Justin Sun to Trade Memecoins, and More
Bail payments in New York can now be made using stablecoins New York is considering accepting dollar-pegged stablecoins as bail payments, according to a new bill introduced by state legislator Latrice Walker. The proposal aims to add fiat-backed stablecoins to the list of pre-existing methods of paying bail bonds, which includes cash, insurance bonds and credit…
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Thursday’s Wall Street Highlights: PPI, Disney, Robinhood, Unity Software, Shell and more
US Index Futures were mixed with investors saying the Federal Reserve is likely to halt interest rate hikes due to inflation data cooling, as investors look further into economic data, the Producer Price Index and Initial jobless claims. By 8:40 AM, Dow Jones futures were down 110 points, or 0.33%. S&P 500 futures were down 0.05%,…
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Crypto This Wednesday: Elon Musk Tweets a Milady, Tether Reports $1.48 Billion Q1 Profit
Elon Musk tweets an Milady NFT Twitter CEO Elon Musk boosted the collection of NFT Miladys on Wednesday, sharing a meme that featured an NFT avatar with the words “No meme, I love you.” This led to the collection becoming the biggest trend in the OpenSea NFT market, with the lowest price peaking at 7.3 ETH…
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Wall Street Highlights for Wednesday: CPI, Airbnb, Twilio, Alphabet, Upstart and more
US Index Futures reversed higher after the latest inflation reading. Dow Jones futures were up 0.2%, while S&P 500 and Nasdaq-100 futures were up more than 0.3% each. The consumer price index, which measures the cost of a wide range of goods and services, rose 0.4% in April, despite more than a year of Federal Reserve…
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Crypto this Tuesday: Paxful Resumes Operations, Binance Integrates Bitcoin Ordinals, and More
Goldman, Microsoft, Cboe team up to launch Blockchain network Goldman Sachs (NYSE:GS), Microsoft (NASDAQ:MSFT), Deloitte, Cboe Global Markets have joined the Canton Network, a new blockchain network aimed at connecting disparate institutional applications, according to Bloomberg. The network will test features in July and promises to offer greater privacy and controls than currently available. Other participating companies…
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Tuesday’s Wall Street Highlights: Goldman Sachs, PayPal, Palantir, IBM and more
US Index Futures fell ahead of speeches by Federal Reserve members and the publication of inflation data this week, which could provide hints on the outlook for the economy and monetary policy. The mood is also reinforced by an unexpected drop in imports from China. By 8:24 AM, Dow Jones futures were down 103 points, or…
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Crypto this Monday: Binance Restarts BTC Withdrawals, Deus Finance Hacked, and More
Binance Restarts Bitcoin Withdrawals After Second Stop Cryptocurrency exchange Binance has resumed withdrawals of Bitcoin (COIN:BTCUSD) and other cryptocurrencies after a second outage recently. Binance had stopped withdrawals for the first time saying higher fees were applied to pending transactions in order for them to be picked up by Bitcoin miners – the computer platforms that…
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Monday’s Wall Street Highlights: Berkshire Hathaway, Estée Lauder, AMC, PacWest and more
US index futures operate slightly upwards and without a firm trend, showing difficulty in extending Friday’s gains, given the caution with the situation of the banking system and the effect of monetary tightening on economic growth. By 8:09 AM, futures linked to the Dow Jones Industrial Average were up 103 points, or 0.31%. S&P 500 futures were up…
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Crypto this Friday: PEPE reaches $1 Billion Market Cap, Voyager will pay creditors, and more
Voyager Lenders May Start Receiving Their Funds Soon Voyager Digital, a company that has declared itself bankrupt, may start paying its creditors in the coming weeks, according to the Official Committee of Unsecured Creditors in the creditor’s bankruptcy case. “Voyager is also finalizing everything internally that is necessary to make distributions to creditors. We expect initial rollouts to begin…