Newsfeeds Archive - Page 47 of 150

2 minute read

Stocks Pause, Gold Rises, Bitcoin Sinks On Worst Day In Four Months: What’s Driving Markets Friday?

January 12, 3:33 PM

U.S. stock market lacks direction on mixed earnings and producer inflation data. Bitcoin drops 6% following spot Bitcoin ETF approval. Gold rises 1%.

AAL

2 minute read

US Banking Sector Sees Fourth Consecutive Day Of Losses After Q4 Earnings Release

By Piero Cingari

January 12, 2:30 PM

A basket of the 24 largest U.S. banking stocks — as monitored by the Invesco KBW Bank ETF — declined by 1.4% at midday trading in New York.

BAC

2 minute read

Bitcoin ETF Launch Shatters Records, Attracts Over $4 Billion: ‘Biggest Day One Splash In ETF History’ Analyst Says

By Piero Cingari

January 11, 7:12 PM

Bitcoin exchange-traded funds attracted over $4 billion in inflows on their first day of trading on Thursday, according to data shared by Bloomberg’s senior ETF analyst Eric Balchunas at market close Thursday.

ARKB

2 minute read

Argentine President Milei Shocks With Plan To Dismantle Central Bank Amid Skyrocketing Inflation, IMF Backs Move

By Piero Cingari

January 11, 5:07 PM

They voted us to govern and put the Argentine economy in check. Surveys on the image and government measures are accompanying us. We have set a course and we are fulfilling it," Milei stated.

ARGT

2 minute read

Wall Street Slips As Rate-Cut Hopes Diminish With Inflation, Bitcoin Remains Unmoved By ETF Debut: What’s Driving Markets Thursday?

By Piero Cingari

January 11, 3:10 PM

It’s a bearish Thursday on Wall Street, with stocks relinquishing their gains due to unexpectedly high inflation numbers for December, causing some turbulence in market expectations regarding earlier Federal Reserve rate cuts.<

AAPL

3 minute read

Bank Earnings Season Begins Friday: Analysts Warn Of Possible ‘Sell-Off’ On Day 1

By Piero Cingari

January 11, 2:37 PM

6 banks are scheduled to unveil their fourth-quarter results Friday. Will there be a sell-off?

BAC

1 minute read

Oil Prices Surge As Tensions Escalate In Red Sea: Iran Seizes US-Controlled Tanker

By Piero Cingari

January 11, 1:14 PM

Oil prices witnessed a sharp 2.5% increase to over $74 per share in early New York trading on Thursday following the seizure of a tanker by Iran off the coast of Oman.

USO

2 minute read

Inflation Rises More Than Expected To 3.4% In December, Rattling Traders Betting On Fed Rate Cuts

By Piero Cingari

January 11, 9:34 AM

Inflation surpasses expectations, challenging Federal Reserve rate cut expectations for 2024. Dollar and Treasury yields rise, S&P 500 futures down.

SPY

2 minute read

SEC Confirms FBI Investigation Into Its Twitter Account Hack After False Bitcoin ETF Announcement

By Piero Cingari

January 10, 5:04 PM

The Bitcoin ETF saga took an unexpected twist on Wednesday. While the market eagerly awaited the regulator’s approval of the Bitcoin ETF, the Securities and Exchange Commission (SEC) announced that the Federal Bureau of Investigation is probing into the hack of the SEC’s X account that occurred the day before.

BTC

2 minute read

Stocks Edge Higher, Bitcoin Holds Steady Awaiting SEC’s Decision: What’s Driving Markets Wednesday?

By Piero Cingari

January 10, 3:18 PM

Wednesday’s session is one of modest gains on Wall Street, with all major large-cap stock indices in the green.