SINGAPORE — Shares in Asia-Pacific edged higher in Friday morning trade, continuing a rollercoaster week as investors assess the inflation and the global economic outlook. The Nikkei 225 in Japan traded 2.34% higher, with shares of Japanese conglomerate SoftBank Group jumping more than 9% despite reporting Thursday a record loss at its Vision Fund investment […]
Dow Jones futures rose overnight, along with S&P 500 futures and Nasdaq futures. The stock market saw big intraday swings Thursday, with the S&P 500 nearly entering a bear market before the major indexes rebounded to close narrowly mixed, while beaten-up small caps and story stocks rebounded. X Manzana (AAPL) and Tesla stock, the two […]
US stock futures opened lower Thursday evening, with the major indexes heading for weekly losses as concerns over persistent inflation and the resilience of the US economy stirred up further volatility. Contracts on the S&P 500 dropped in late trading. Earlier, the index closed within striking distance of a bear market, typically defined as a […]
top line Shares of two meme stocks surged higher on Thursday, boosted by retail investors despite the wider market selloff, as GameStop’s stock was halted several times for volatility after rising more than 30% earlier in the day, while AMC Entertainment also rallied. GameStop surged as high as 33%, with trading halted for volatility as […]
Micron chief executive Sanjay Mehrotra told CNBC’s Jim Cramer on Thursday that the market for enterprise and desktop PCs remains healthy despite the personal PCs market experiencing a slowdown. “It’s not like anything is falling off the cliff,” Mehrotra said in an interview on “Mad Money.” “Yes, while consumer PCs lately are not experiencing the […]
There are some signs that Canada’s hottest housing markets have already begun to cool in response to rising interest rates.Evan Buhler/The Canadian Press The Bank of Canada needs to keep raising interest rates to tackle runaway inflation, deputy governor Toni Gravelle said on Thursday – although how high rates go will depend on how the […]
It’s been a brutal week for the cryptocurrency market. In the last 24 hours, more than $200 billion of wealth was wiped from the market. Bitcoin (BTC) fell below $30,000, sinking to $26,597, as the TerraUSD (UST) stablecoin crashed far below its $1 peg, applying more downward pressure on the overall market. But fear not: […]
One of the main aspects of on-chain analysis is to examine transactions over the network. Unlike exchange-involved transactions, which often lead to price volatility, transactions outside of exchanges demonstrate the network utility as possible payments among users. It makes a positive contribution to the development of the network over the long term if users are […]
Macro investor Raoul Pal is convinced that the current crypto bear market will end only once the Fed eases its hawkish monetary policy by halting interest rate hikes. That could happen in the next couple of months, according to Pal’s predictions. “The Fed are unlikely to raise rates as far and as fast as people […]
Carvana Co.’s disclosure Tuesday that it shed 2,500 employees set off a ripple of reactions in the stock market and among social media users who said they were employees included in the layoffs. On Twitter and Reddit, several people who said they worked at Carvana wrote that they received little or no heads-up from the […]