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Crypto and Macro Weekly Recap
Over the past two weeks, cryptocurrencies have remained stable with little change in the prices of major coins such as Ether and Bitcoin. Ether traded slightly higher by 0.3% compared to the previous week, while Bitcoin saw a 0.7% decrease in value. In contrast, US and EU stocks saw an upward trend, with NASDAQ index…
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U.S. Stocks May Move To The Downside In Early Trading
US Market The major U.S. index futures are currently pointing to a modestly lower open on Tuesday, with stocks likely to move to the downside after ending the previous session mixed. Ongoing concerns about the U.S. debt ceiling and a potential default may weigh on Wall Street following a meeting between President Joe Biden and…
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Tuesday’s Wall Street Highlights: PacWest, Yelp, Oracle, Lowe’s and more
US Index Futures had a flat open, with indexes hovering just below the flat line as the market focused on budget disputes in Washington. By 6:40 AM, Dow Jones futures were down 21 points, or 0.06%. S&P 500 futures were down 0.02%, while Nasdaq-100 futures were down 0.02%. The 10-year Treasury yield was at 3.746%. West Texas Intermediate…
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North American Morning Briefing: Stock Futures Lower As Debt-Ceiling Fight Continues
Market Wraps Watch For: New Home Sales for April; S&P flash services and manufacturing purchasing manager indices for May Today’s Top Headlines/Must Reads: – Biden, McCarthy Hold ‘Productive’ Meeting but No Debt-Ceiling Deal Yet – Debt-Ceiling Fight Sends Investors Hunting for New Havens – Biden Can’t Win in Debt-Ceiling Fight – Yield-Curve Pioneer Says This…
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US Futures Mixed, European Stocks Fall Amid US Debt Ceiling Uncertainty
In the U.S. futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average declined 0.1% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 0.3% in morning trading. Trelleborg Series B rose 4.9% and Orron Energy climbed 4.3%. On the…
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Top Company News of the Day: Zoom, Yelp, TikTok, Adani
Zoom stock ticks higher as earnings and forecast top expectations Zoom Video Communications Inc.’s stock rose in extended trading Monday, after the videoconferencing company beat financial expectations. Activist Investor Calls on Yelp to Explore Sale TCS Capital Management has built a stake in Yelp and is calling on the service-recommendation site to explore strategic alternatives.…
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U.S. Stocks Close On Mixed Note After Lackluster Session
U.S. stocks turned in a mixed performance on Monday with technology shares outperforming the broad market. Investors largely refrained from making significant moves as they awaited updates on debt ceiling negotiations. President Joe Biden and House Speaker Kevin McCarthy, R-Calif., are due to hold talks on raising the debt ceiling this evening. Treasury Secretary Yellen…
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Crypto this Monday: Bitcoin Pizza Day, STEPN Integrates Apple Pay, and More
Today is Bitcoin Pizza Day Members of the crypto community celebrated the anniversary of Bitcoin Pizza Day, the first notable exchange of Bitcoin (COIN:BTCUSD) for physical goods. Laszlo Hanyecz bought two pizzas for 10,000 BTC on May 22, 2010. The event has become an annual celebration, with cryptocurrency enthusiasts enjoying pizzas around the world. However, it is…
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US Debt Ceiling Talks Continue, China Protests G7’s ‘Anti-China Workshop’, Israel Raises Interest Rates
China Protests G7’s ‘Anti-China Workshop’ China’s vice foreign minister summoned the Japanese ambassador to protest against what he described as collusion between Japan and the G7 to “smear and attack China.” The state-backed tabloid, Global Times, criticized the G7 summit hosted by Japan as an “anti-China workshop.” During the summit, the G7 condemned China’s activities…
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China Bans Micron, Ryanair Exceeds Profit Expectations, Meta Fined €1.2bn by EU
China Bans Micron China’s Cyberspace Administration announced a ban on operators of key infrastructure from purchasing products from US chipmaker Micron Technology (NASDAQ:MU), citing “serious network security risks.” The move marks China’s first major action against an American semiconductor group, with Micron identified as posing risks to the country’s critical information infrastructure supply chain. Ryanair…