Category: Latest News
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Crypto this Tuesday: Chase UK Bans Crypto Transactions, Coinbase Registers with Bank of Spain, and more
Study reveals only 3% of crypto professionals receive salaries in cryptocurrencies According to a study by Pantera Capital, 97% of professionals in the crypto industry receive their salaries in fiat currencies, while only 3% are paid in cryptocurrencies. The majority of crypto earners opt for stablecoins like USDC and USDT, with 13% choosing bitcoin. Cryptography engineers have…
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U.S. Stocks May Move Back To The Downside In Early Trading
US Market The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to move back to the downside after ending yesterday’s choppy trading session moderately higher. Traders may look to cash in on the previous session’s gains amid ongoing concerns about the outlook for interest rates. Last week,…
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Keep An Eye Out: Pre-Market Movers And Recommendations
Here are some of the biggest premarket U.S. stock movers today: Don’t Trade Without Seeing The Orderbook Tesla (NASDAQ:TSLA) stock fell 0.8% after the Financial Times reported that the EV manufacturer’s export vehicles from China to the European Union will be included in the EU’s investigation into whether China’s electric vehicle industry is benefiting from unfair subsidies. United…
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Tuesday’s Wall Street Highlights: Ford Motor, Coty, JPMorgan, Merck, Tesla, AIG, and more
US index futures are down in Tuesday’s pre-market, reflecting the ongoing risk aversion observed in recent days. Investors are concerned about the prospect of higher interest rates for an extended period and are closely monitoring developments both in China and the United States. In addition to the trajectory of Treasury rates, which has been a…
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USA Casts Doubt on Its Top Credit Rating Due to Fiscal Risk, Warns Moody’s
Moody’s Investors Service, the sole major credit rating agency still awarding the United States its top ‘AAA’ rating, has signaled a diminishing confidence in light of a potential government shutdown. In the event that this scenario unfolds, although “debt service payments would not be affected, and a short-term shutdown would unlikely disrupt the economy, the…
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Treasury Yields March On
The “higher for longer” rates mantra continues to reverberate around markets, a week on from the Fed’s surprise hawkish tilt. Long-term Treasury yields, traditionally subdued in Asian hours, spiked to a fresh 16-year peak, keeping the dollar close to multi-month tops to G-3 rivals the euro, pound sterling and yen. Angst over tighter financial conditions…
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Dollar Hits 10-Month High As US Yields Spike
On Tuesday, the US dollar surged to a fresh 10-month high due to a significant rise in US bond yields, reaching levels not seen since October 2007. Concurrently, the Japanese yen resumed its decline, sparking concerns among traders about potential government intervention. Federal Reserve policymaker Neel Kashkari remarked on Monday that, given the robustness of…
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North American Morning Briefing: Yield Surge Continues to Knock Stocks
Market Wraps Watch For: S&P CoreLogic Case-Shiller Home Px Index, New Home Sales, Conference Board – Consumer Confidence, speech by Michelle Bowman Today’s Headlines/Must Reads – Google Trial Spills Details on Search Engine’s Deals With Apple, Samsung – Commercial Real Estate’s Next Big Headache: Spiraling Insurance Costs – The Big Pharma Trade: Ozempic Is In,…
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US Futures, European Stocks Slip
In the U.S. futures for the S&P 500 were down 0.7% and futures for the Dow Jones Industrial Average fell 0.6%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.7% in morning trading. Orpea climbed 3.8% and Barclays rose 1.7%. On the other hand,…
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Top Company News of the Day: Intel, Guangdong Adway Construction, Ford, Hollywood
Intel’s Big Chip-Making Push in Germany Hits Bottleneck A worker shortage and high energy prices in the country pose challenges for the U.S. company’s planned semiconductor factory. Guangdong Adway Construction Files for Bankruptcy Guangdong Adway Construction has filed for bankruptcy in a Shenzhen court due to its inability to repay debts amid China’s stressed real-estate…