Top Stories Archives - Page 1404 of 1424

2 minute read

Alibaba Falls, Hang Seng Opens Lower After Hong Kong Follows Fed In 75 Bps Rate Hike

July 27, 10:37 PM

Hong Kong's benchmark Hang Seng Index edged lower on Thursday morning, with major U.S.-listed Chinese stocks trading mixed, after the city's central bank hiked interest rates in tune with the U.S. Federal Reserve's move overnight.

BABA

3 minute read

Summer Crypto Relief Rally Finally Here? Trader Sees Bitcoin At $30,000, Ethereum At $2,400

By Shivdeep Dhaliwal

July 27, 9:29 PM

Major coins rose sharply after the U.S. Federal Reserve’s policy meeting concluded on Wednesday. The global cryptocurrency market cap rose 8% to $1.05 trillion at press time.

$DOGE

3 minute read

Is ‘The Gray Man’ The Next Netflix Franchise? Here’s How Many People Watched And What’s Next

By Chris Katje

July 27, 3:54 PM

One of the biggest hits for streaming platform Netflix Inc (NASDAQ: NFLX) in 2022 is being turned into a new franchise with plans for a sequel and spinoff. Here’s the details on the big budget spy movie “The Gray Man.”

NFLX

2 minute read

How To Trade Ford Stock Before And After Q2 Earnings Print

By Melanie Schaffer

July 27, 3:43 PM

Ford Motor Company (NYSE: F) is set to print its second-quarter financial results after the market close today (July 27). The heavily beaten-down stock was trading more than 3% higher heading into the event but remains down over 50% from the Jan. 13, 52-week high of $25.87.

1 minute read

Federal Reserve Issues Second Straight 0.75% Interest Rate Hike: The Important Signal It’s Sending On Inflation

By Wayne Duggan

July 27, 2:11 PM

The Federal Reserve raised its target fed funds rate by 0.75% on Wednesday to a new range of between 2.25% and 2.5%, its second 0.75% rate hike in two months.

SPY

2 minute read

Bill Ackman Explains Why Inflation, Not Fed Rate Hike, Is Biggest Threat To US Economy

By Bhavik Nair

July 27, 5:33 AM

Billionaire hedge fund manager and CEO of Pershing Square Holdings Ltd. (OTC: PSHZF) Bill Ackman explained through a series of tweets that the biggest risk to the U.S.

PSHZF

2 minute read

Crypto Exchange Kraken Violated Sanctions, Alleges US Treasury: NYT

By Samyuktha Sriram

July 27, 1:01 AM

Kraken, one of the largest cryptocurrency exchanges based in the United States, is reportedly under investigation for allegedly violating sanctions.

$DOGE

2 minute read

Amid Legal Spat With Elon Musk, Twitter Sets Date For Shareholder Vote On Buyout Deal

By Shivdeep Dhaliwal

July 27, 12:06 AM

Twitter Inc (NYSE: TWTR) has scheduled a shareholder vote on Tesla Inc (NASDAQ: TSLA) CEO Elon Musk’s proposed $44 billion takeover bid, from which the latter has walked away.

TSLA

2 minute read

Alibaba, Nio Fall Over 3% As Hang Seng Tracks Weaker Wall Street Close: All Eyes Now On Aussie Inflation Data

By Bhavik Nair

July 26, 10:38 PM

Shares of Alibaba, Nio and Li Auto lost more than 3% on Wednesday morning with the Hong Kong’s benchmark index Hang Seng falling over 1%, ahead of the release of Australia’s inflation report.

BABA

2 minute read

Bitcoin, Ethereum, Dogecoin Shrug Off Tech Earnings For Now: Analyst Asks ‘Does FOMC Matter To BTC?’

By Shivdeep Dhaliwal

July 26, 9:14 PM

Bitcoin and Ethereum traded in the green on Tuesday evening as the global cryptocurrency market cap fell 0.8% to $974.3 billion at press time.

$DOGE