Category: Latest News
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Crypto Weekly Newsletter
Crypto and Macro Weekly Recap Cryptocurrencies outperformed the US and EU equity markets, with Ether (ETH) trading at approximately 1,911 USDT at the close of the week, up by 5.8% compared to the previous week, while Bitcoin ended the week at 28,086 USDT, up by almost 5.0%. Meanwhile, the US stock market closed higher, with…
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Debt Ceiling Deal May Lead To Continued Strength On Wall Street
The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to extend the strong upward move seen to close out the previous week. Stocks are likely to benefit from news President Joe Biden and House Speaker Kevin McCarthy, R-Calif., reached an agreement in principle to raise the debt…
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North American Morning Briefing: Stocks Poised for Gains After Debt-Ceiling Deal
Market Wraps Watch For: Monthly/Quarterly House Price Index;S&P CoreLogic Case-Shiller Indices; Consumer Confidence Index; Texas Manufacturing Outlook Survey; Canada Balance of Payments; HP earnings Today’s Headlines/Must Reads – Biden, McCarthy’s Debt-Ceiling Deal Faces Crucial First Test in House – China’s Fading Recovery Reveals Deeper Economic Struggles – Why Microsoft’s $75 Billion Bid for Activision Hinges…
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The Disaster That Never Comes
The debt ceiling is practically agreed upon, gold prices (GC:CMX) contract, and the bulls dominate the markets – will the long-awaited correction never come? Not so fast. Despite PacWest Bancorp’s stock recent rebound, the future of regional banks remains in question. The country’s economy is also starting to tempest on one foot… According to Robert…
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US Futures Rise, European Stocks Slip
In the U.S. futures for the S&P 500 were up 0.2% and futures for the Dow Jones Industrial Average climbed 0.1% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 0.2% in morning trading. Uniper added 7.3% and THG rose 5.5%. On the other hand,…
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Top Company News of the Day: Microsoft, Nvidia, Comac, Disney
Why Microsoft’s $75 Billion Bid for Activision Hinges on Call of Duty Regulators worry the popular videogame franchise is so crucial to attract hard-core gamers that it could be used to dominate cloud gaming. The AI Boom Runs on Chips, but It Can’t Get Enough A shortage of the kind of advanced chips that are…
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Crypto This Monday: Debt Ceiling deal excludes mining tax, Fantom rewards projects with gas fees, and more
Debt ceiling deal excludes cryptocurrency mining tax In a deal to raise the U.S. debt ceiling, President Joe Biden and Republican House Speaker Kevin McCarthy left out a tax on cryptocurrency mining. The proposed tax, known as DAME, was removed from the bill, drawing criticism and opposition from politicians such as Senator Cynthia Lummis. She tweeted that…
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Wall Street Highlights: Tesla, Nvidia, JPMorgan, Moderna and more
US stock and bond markets will be closed on Monday (29th) for Memorial Day. US debt deal talks have entered the final stages, but last-minute changes are likely to continue until the June 1 deadline. The week will remain busy with earnings reports and labor market data. Earnings highlights will include results from Hewlett Packard Enterprise and…
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Renewed Optimism About Debt Ceiling Deal Leads To Extended Rally On Wall Street
Stocks moved sharply higher over the course of the trading day on Friday, extending the rebound seen during Thursday’s session. With the continued upward move, the Nasdaq and the S&P 500 reached their best closing levels in nine months. The major averages moved roughly sideways going into the close, holding on to strong gains. The…
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Crypto This Friday: AVAX Tokens Will Be Unlocked, Anticipation for AI and Blockchain Integration, and More
Millions of AVAX tokens will be unlocked in the Avalanche ecosystem On Sunday, millions of AVAX tokens will be unlocked and distributed in the Avalanche ecosystem (COIN:AVAXUSD), increasing supply by 1.2%. The 9.3 million tokens in circulation are worth around $130 million and will go to the Avalanche Foundation, partners and an airdrop. Unlocks are not automatic…