Category: Latest News
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Grayscale Launches Aave Fund; XRP Falls After SEC Appeal; Bitcoin ETFs See $52.9M in Outflows
Grayscale launches fund focused on Aave, boosting token Grayscale launched the Grayscale Aave Trust, a fund dedicated to the DeFi protocol Aave, providing exposure to the AAVE token (COIN:AAVEUSD) without needing direct purchase. Following the announcement, the AAVE token reached $143.51, despite a 15.3% drop the previous week. The Trust holds $150,000 in assets and…
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Levi Strauss, Wolfspeed Under Pressure; EVgo Soaring
Shares of Levi Strauss (NYSE:LEVI) are moving sharply lower in pre-market trading after the clothing company reported weaker than expected fiscal third quarter revenue and lowered its full-year revenue guidance. Chipmaker Wolfspeed (NYSE:WOLF) may also come under pressure after Mizuho downgraded its rating on the company’s stock to Underperform from Neutral. Meanwhile, shares of EVgo…
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First-Time Claims For Unemployment Benefit Up
A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing an uptick by first-time claims for U.S. unemployment benefits in the week ended September 28th. The report said initial jobless claims rose to 225,000 last week, an increase of 6,000 from the…
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Looming Jobs Data May Lead To Another Choppy Trading Day
The major U.S. index futures are currently pointing to a modestly lower open on Thursday, with stocks likely to move back to the downside after ending yesterday’s lackluster session slightly higher. Ongoing concerns about rising tensions in the Middle East may weigh on Wall Street, although trading activity is likely to remain subdued ahead of…
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U.S. Stocks Close Slightly Higher Following Lackluster Session
After recovering from an early move to the downside, stocks showed a lack of direction over the course of the trading session on Wednesday. The major averages spent the day bouncing back and forth across the unchanged line before eventually closing slightly higher. The Dow edged up 39.55 points or 0.1 percent to 42,196.52, the…
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Bitcoin Fluctuates Amid Middle East Tensions; Franklin Templeton Expands Fund to Aptos; Bitwise Files for XRP ETF
Bitcoin rises after drop, influenced by tensions in the Middle East Bitcoin (COIN:BTCUSD) rose above $61,500 after 10 PM on Tuesday, dipped below $61,000 by 09:30 AM on Wednesday, and hit an intraday high of $62,380 at 12 PM. Priced at $61,720, up 1.48% at the time of writing, Bitcoin fluctuated amid escalating conflict between…
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Crude Oil Futures Surge On Tensions In Middle East
Yesterday’s rocket attack by Iran on Israel has added to tensions in the Middle East, and this has driven oil prices sharply higher. There are fears to potential disruptions to supply, and crude oil futures are surging $2.04 to $71.87 a barrel after jumping $1.66 to $69.83 a barrel on Tuesday. The global oil market…
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Private Sector Employment Up More Than Expected
Private sector employment in the U.S. increased by more than expected in the month of September, according to a report released by payroll processor ADP on Wednesday. ADP said private sector employment climbed by 143,000 jobs in September after rising by an upwardly revised 103,000 jobs in August. Economists had expected private sector employment to…
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Escalating Middle East Tensions May Continue To Weigh On Wall Street
The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to see further downside following the steep drop seen on Tuesday. Concerns about escalating tensions in the Middle East may continue to weigh on Wall Street following Iran’s ballistic missile attack against Israel on Tuesday. While Iran has…
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Middle East Concerns Contribute To Weakness On Wall Street
After moving sharply lower early in the session, stocks regained some ground over the course of the trading day on Tuesday but remained firmly negative. The major averages all moved to the downside on the day, with the tech-heavy Nasdaq leading the way lower. The Nasdaq (NASDAQI:COMP) tumbled 278.81 points or 1.5 percent to 17,910.36,…