Category: Latest News

Bitcoin falls below $71,000 after PCE data, while Ethereum sees sharp drop Bitcoin (COIN:BTCUSD) fell below $71,000 late Thursday morning, trading at $70,360, a 2.8% drop over the last 24 hours. This movement was in response to September’s Personal Consumption Expenditures (PCE) index data, which did not spur any expected rise in the crypto market.…

The Commerce Department on Thursday released its report on U.S. personal income and spending in the month of September, which includes the Federal Reserve’s preferred readings on consumer price inflation. The report said the personal consumption expenditures (PCE) price index rose by 0.2 percent in September after inching up by 0.1 percent in August. The…

The major U.S. index futures are currently pointing to a lower open on Thursday, with stocks likely to see further downside after coming under pressure late in the previous session. A negative reaction to earnings news from tech giants Microsoft (NASDAQ:MSFT) and Meta Platforms (NASDAQ:META) is likely to weigh on Wall Street early in the…

U.S. index futures fell in pre-market trading on Thursday, pressured by GDP readings that fell short of expectations, along with disappointing earnings reports from Meta (NASDAQ:META) and Microsoft (NASDAQ:MSFT). Reports on the Personal Consumption Expenditures (PCE) price index, a preferred inflation indicator by the Fed, and the October payroll report are highly anticipated as they…

Bitcoin ETFs see record day; BlackRock’s IBIT reaches $30 billion in assets under management On October 29, the 12 U.S. spot bitcoin ETFs saw $870 million in net inflows, marking one of the top 10 days since the ETFs’ inception. BlackRock’s (NASDAQ:IBIT) ETF recorded inflows of $642.87 million – its largest daily inflow in over…

Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. shot up by much more than anticipated in the month of October. ADP said private sector employment surged by 233,000 jobs in October after jumping by an upwardly revised 159,000 jobs in September. Economists had expected private sector employment to…

The major U.S. index futures are currently pointing to a roughly flat open on Wednesday, with stocks likely to show a lack of direction following the mixed performance seen in the previous session. A mixed batch of corporate earnings and U.S. economic news may lead to choppy trading on Wall Street early in the session.…

U.S. index futures rose slightly in Wednesday’s pre-market as traders assessed Alphabet (NASDAQ:GOOGL)’s strong quarterly results released post-close, while AMD (NASDAQ:AMD) shares dropped significantly after a disappointing revenue forecast. Investors await additional tech earnings reports and economic growth data. At 5:46 AM ET, Dow Jones futures (DOWI:DJI) remained stable at 42,446.00 points. S&P 500 futures…