The upcoming week will be a big one for stocks as it is loaded with economic data that is likely to move markets. The S&P 500 finds itself at a make or break moment as it nears a level of technical resistance at the upper end of its trading channel.
The company's content strategy has long been vital -- and has long been evolving.
A federalruling is expected to be announcedtonight on whether downloads of thevideo-sharing app TikTokwill be ...
The future looks promising for both companies, but only one can be the better buy.
Jabil just crushed Wall Street's expectations, and expects 40% earnings growth next year.
These technology companies stand out as hot buys this fall season.
These stocks hold tremendous potential despite a low price.
These are great dividend stocks for your basket of investments.
The NASDAQ 100 has been rather brutal for a lot of traders during the month of September, but when you step out and look at the weekly chart, you can see that we are still very much in an uptrend.
The debate continues over further economic stimulus. If a second stimulus check is given, what should you do with it?
The largest five stocks market capitalization are substantially outperforming the S&P 500 and the Dow Jones Industrial Average (DJIA) Year-To-Date (YTD) as of September 25, 2020.
Here are a few of this past week's most bullish and bearish posts that are worth another look.
Chamath Palihapitiya was part of the September Benzinga Boot Camp. In an interview with BlockFi's Zac Prince, Palihapitiya shared ...
This video discusses various events in the past week, such as the how the Nasdaq outperformed, leaders in the technology sector did not lead the selling, and underperforming sectors continued to underperform.
One potential antitrust violator is pushing for another potential antitrust violator to make a concession on an antitrust issue so that it can become even stronger and exacerbate its own antitrust concerns.
The new Xbox and PlayStation will provide a boost, but what happens after that will determine whether the retailer survives.
A stock market rally attempt is underway, but game plan for bearish or bullish action. Alibaba, Nvidia and Target are stocks to watch.
If the market crashes, you're going to a want a soft landing. That's why cash is king in these all-star stocks.
Three accomplished investors pick great investments for a three-stock portfolio.
Some investors may look to defray the concentration risk with the Direxion NASDAQ-100 Equal Weighted Index Shares QQQE.
One analyst says it's time to buy cruise stocks, and a bunch of investors are already there on Big Tech.
On the latest edition of Market Week in Review, we discuss the recent market selloff and the performance disparities between growth and value stocks this year. We also provided an update on the potential for a second U.S. fiscal stimulus package.
It's part of a widening dispute developers are having with Apple's distribution policies.
The Dow Jones Industrial Average posted strong gains in today's stock market, while the Nasdaq and S&P 500 ended the day higher.
Technical and cycle analysis and market commentary about the past week, and what to expect coming up.
It is shaping up to be an ugly month for the overall equity market, but it could be an even worst stretch for the cadre of stocks that have generated the most bullish momentum for Wall Street since March.
The pandemic has made home buyers more interested in kitchen storage and adding bathrooms for family members living with them.
The Nasdaq was in rally mode again Friday as five recent IPOs with big sales growth continued to attract buyers.
Top tickers for midday: AAPL, TSLA, ZM, AMD, AMZN, MSFT, BA, COST, FB, NVDA, NKLA, NIO, AAL, BAC, WKHS, NCLH, PTON, BABA, CCL, MU.
An analyst recommends buying the dip in Apple stock, and a EU regulator sees the 737 MAX flying this year.
Key market indexes moved off session highs midday Friday, after the Dow Jones Industrial Average had swung from an 180-point loss to a 100-point gain.
This is an easy one.
As the election nears, it feels like there’s been a change in market psychology and a note of caution on stocks in general ...
The major stock indexes were mixed Friday, but Apple and Tesla advanced. Novavax soared on a coronavirus vaccine deal.
The video game retailer is valued at a small fraction of this year's expected sales, but its future is dim.
InvestorsObserver issues critical PriceWatch Alerts for CCL, DKNG, DRI, AAL, and MSFT.
The semiconductor manufacturer appears poised to have its run of the 5G chipset market, but dangers remain.
The tech giant expands Azure into Twilio's backyard.
The video game industry is gearing up for a major transition this holiday season as Microsoft and Sony both release next-gen game consoles. The new consoles will be in short supply.
In their comprehensive look at markets, Citi's global asset allocation team doesn't expect the sailing to get any easier, as they fear for the coming U.S. election.
Flashy U.S. technology stocks have been acting fishy. Unprecedented volume in derivatives linked to names like Tesla and Apple may be behind some of the recent volatility in the sector.
Apple Inc (NASDAQ: AAPL) earlier this year acquired artificial intelligence-powered podcast startup Scout FM, according to a Bloomberg ...
Spotify Technologies SA (NYSE: SPOT) CEO Daniel Ek wants to give nascent European technology start-ups a boostso that they can ...
The service is starting off slowly with a limited invitation-only launch and roughly 100 game titles on Day One.
Novavax, Inc (NASDAQ: NVAX) said Thursday it was launching a large-scale diverse Phase 3 study of its COVID-19 vaccine in the United ...
Amazon.com, Inc (NASDAQ: AMZN) announced Thursday the launch of a $5.99 per month gaming subscription service called ...
As the competition heats up, Amazon is upping its game.
A Chinese financial-technology juggernaut that handles payments, insurance, investments and more in one sprawling business is headed for the biggest initial public offering ever.
This past decade has seen exceptional growth in the United States stock market. With any growth period, there are always companies that get caught up in the hype. It seems that Tesla is one of those companies.
Moderately higher US jobless numbers surprised the market which expected unemployment to fall.
The stock market rebounded from sharp losses to end with modest gains Thursday, as the rally attempt continues. AMD, Nvidia and Tesla snapped back.
The Dow Jones Industrial Average has a volatile trading today in today's stock market, while the Nasdaq and S&P 500 ended the day slightly higher.
"Fortnite" maker Epic Games is doing something unusual in its battle against Apple Inc. (NASDAQ: AAPL) and its App Store ...
The Nasdaq was in recovery mode Thursday after falling 3% in higher volume Wednesday. Tesla reversed higher after a test of its 50-day moving average.
Fear of missing out is powerful, but you must also understand the risks of diving in too soon.
The company is starting a full-court press in some of the world's hottest gaming markets.
This year alone, over 80 SPACs went public to raise a record $32B.
The Dow Jones Industrial Average swung from a 226-point loss to a 275-point gain Thursday afternoon, as stocks shrugged off still-high jobless claims.
Software leader Microsoft earned high marks from Wall Street analysts for cloud computing advancements it announced at a virtual tech conference this week. Microsoft stock rose on Thursday.
Tesla CEO Elon Musk is setting up the company for domination, which requires long-term plans that may disappoint in the short run.
Buying dividend stocks is critical on your journey to financial freedom. Owning stocks in the technology industry that pay a dividend is a very nice combination, especially as their growth engines are firing on all cylinders.
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the SPDR S&P 500 ETF Trust, which added 15,400,000 units, or a 1.7% increase week over week. Among the largest underlying components of SPY, in morning trading today Apple is up about 1.1%, and Microsoft is higher about 1.1%.
The Dow Jones today is down with investors piling out of Facebook (NASDAQ: FB), Amazon.com (NASDAQ: AMZN), Alphabet (NASDAQ: GOOGL), Netflix (NASDAQ: NFLX) and Microsoft (NASDAQ: MSFT). All five of these stocks are now off at least 11% since the beginning of the month. With a perilous election season approaching, we may not have seen the worst of this sell off. More below on this story, and others moving the Dow today. The post Dow Jones Today Will Continue Selloff as Tech Stocks Get Pummeled appeared first on Money Morning - We Make Investing Profitable. Read more...Tags: dow jones todayTo get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.
Only a handful of companies are as ready for the unknowns ahead as they are the knowns.
The 5G Open Innovation Lab (5GOILab), a global ecosystem of developers, enterprises and government institutions, today announced that Amdocs (NASDAQ: DOX), Dell Technologies, Microsoft (NASDAQ: MSFT), and VMware (NYSE: VMW) have joined the Lab as founding partners providing engineering and technology resources to the Lab's diverse start-up ecosystem. Founding partners Intel, NASA and T-Mobile, who launched the Lab in May, welcomed the new members who will broaden the Lab participants' access to leading-edge network, software and hardware platforms, in addition to creating direct customer relationships that accelerate market adoption.
Preorders for next-generation video games consoles sold out in just minutes this month. ETFs offer a way to score from this off-the-charts demand.
Here are a bunch of exchange-traded funds with above-average growth rates. See which ones most inspire your confidence.
Which hot tech IPO is still worth chasing?
The data warehouse provider's IPO had a lot of tailwinds behind it.
The head of the United States FDA’s vaccine advisory committee has recused herself from the panel due to her involvement in supervising the clinical trial of Moderna Inc’s COVID-19 vaccine.
Tyler Technologies, Inc’s (NYSE: TYL) services were disrupted on Wednesday on account of a hacking, Reuters reported. What ...
The stock market fell sharply again Wednesday, hurt a strengthening U.S. dollar and a sell-off in FAANG stocks like Apple, Amazon and Netflix.
The air keeps coming out of the tires. A market that rode hard all summer on the FAANGs and semiconductors is making a loud ...
The stock market resumed heavy selling as the Nasdaq and big cap techs hit key resistance and Tesla plunged after Battery Day.
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Microsoft Corporation (MSFT), where a total of 207,271 contracts have traded so far, representing approximately 20.7 million underlying shares. That amounts to about 54.4% of MSFT's average daily trading volume over the past month of 38.1 million shares..
Stocks rose Wednesday and recovered some losses after another drop in tech names dragged the three major indices to their lowest closing level in one month on Tuesday.
Following a series of leaks, the software giant confirmed the next-generation videogame consoles are due Nov. 10.
Dow Jones futures were in focus late Tuesday after the stock market sell-off. Apple and Tesla dived, while Nikola soared 53%.
(Bloomberg) -- Slack Technologies Inc. reported quarterly billings that fell short of analysts’ estimates, reflecting the software maker’s dependence on small- and mid-sized businesses that have been hurt the coronavirus pandemic. Shares declined more than 19% in extended trading after the report.Billings were $218.2 million in the period ended July 31, the San Francisco-based company said Tuesday in a statement. Analysts, on average, estimated $232.9 million, according to data compiled Bloomberg.“We’re landing with more customers, but the time it takes for that growth to show up in expansion will take some time to play out,” Slack Chief Financial Officer Allen Shim said on a conference call with reporters. “Given this economic backdrop, you are seeing some tighter budgets and a more cautious IT buyer right now.”Chief Executive Officer Stewart Butterfield has tried to make Slack’s workplace software more appealing to large companies, including emphasizing technology that allows businesses to communicate with partners, vendors or clients using the app rather than email. The software maker’s service is a combination of an office chat room and a workflow platform to automate tasks. Slack’s customer base of 130,000 organizations features many small- and mid-sized businesses, which generally pay for a subscription on a monthly basis. These clients have been hit hard the pandemic-fueled recession. Demand from the Americas region, Slack’s largest market, was “softer,” Shim said.Slack’s shares fell to a low of $23.40 after closing Tuesday at $29.32 in New York. The stock has climbed 30% since the start of the year.Slack’s billings deceleration “could be temporary given traction with large corporate deployments,” Mandeep Singh, a Bloomberg Intelligence analyst, wrote in a note. “Its paid customers with over $100,000 in annual recurring revenue increased 37%, suggesting to us there could have been some pull-forward in billings and order closings” from the previous quarter, he said.In the fiscal second quarter, Slack reported revenue jumped 49% to $215.9 million, beating analysts’ projections of $209.2 million. Excluding some items, the company broke even, while analysts, on average, estimated a loss of 3 cents.Shim said there continues to be a retreat from clients in industries negatively affected Covid-19, including retailers and hospitality companies.Slack has also faced intensifying competition from Microsoft Corp.’s product Teams. The smaller company formally filed a complaint against Microsoft to the European Union in July, alleging that the world’s biggest software maker “illegally” bundles Teams with its dominant productivity suite to create an unfair advantage. Microsoft has denied any wrongdoing.Butterfield said Tuesday he’s “confident” the EU will agree with Slack and hopes European regulators will force Microsoft to unbundle Teams from other applications and charge a market rate for the product.“It’s almost textbook definition of what they’re trying to prevent with these regulations and they’re a pretty aggressive regulator,” Butterfield said in a press briefing. “They’re the judge, they’re the jury and they can kind of carry out the impact right away.”Looking toward the rest of the year, Slack expects some of the macroeconomic challenges of the pandemic will be balanced growing demand from large organizations that want to communicate with other Slack users on the platform. The software maker raised its annual revenue forecast to as much as $876 million from an earlier projection of as much as $870 million. In the period that ends in October, Slack expects sales of $222 million to $225 million, in line with analysts’ estimates. Still, the company’s estimated year-over-year growth rate of as much as 33% is a decline from Slack’s second fiscal quarter.(Updates with comments from analyst in the sixth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The Magic Keyboard peripheral adds a USB connector to plug in an external drive, and while it’s a bit of a trudge to get it to work almost like OS/10, soon it’s easy to move files over from Zoom on the Mac where the camera is positioned better in the center of the display. The Magic Keyboard doesn’t let you position the iPad in portrait mode, and it wouldn’t work anyway with Zoom in 16:9. The Magic Keyboard is expensive ($300), but Apple’s attention to detail reinforces my commitment to the evolution of the platform.
Cloud data management company Snowflake revealed in a regulatory filing today that Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) and salesforce.com (NYSE: CRM) would each make a $250 million investment in the company using a concurrent private placement in conjunction with its initial public offering (IPO).
Technology shares took it on the chin, but they were far from the only ones to get hit hard. Does the market see something we don’t?
Apple strikes back at Epic Games, Android 11 is here and Microsoft announces a new stripped-down Xbox. Apple has made the latest move in a legal battle against Epic Games, filing a lawsuit claiming that the company behind Fortnite is in breach of contract. “Although Epic portrays itself as a modern corporate Robin Hood, in reality it is a multi-billion dollar enterprise that simply wants to pay nothing for the tremendous value it derives from the App Store," Apple wrote in its suit.
The tech giant said its dispute with the firm behind the game was a "basic disagreement over money".
Slack reported second-quarter earnings and revenue that topped estimates but billings came in lower than expected. Slack stock plunged in extended trading as guidance met analyst views.
Apple is likely to miss its production target for 5G iPhones this year as it struggles with manufacturing delays. The iPhone 12 family of smartphones is expected to launch next month.
Three 51% attacks on the Ethereum Classic network have not yet made a significant impact on the price of its cryptocurrency.
U.S. stock indexes finished lower for a third day on Tuesday, slumping to a four week low, led technology stocks which had driven the five month rally, as the Nasdaq Composite booked its quickest plunge ever from a record close to correction territory.
No, we're not hitting the end of a second dot-com bubble.
Apple confirmed Tuesday morning that its fall event would be held virtually on September 15. Initially believed to be focusing on iPhones, Apple stated the event would focus on iPads and Apple Watches. Yahoo Finance’s Dan Howley joins The Final Round to discuss.
The designer of audio chips and power controllers used in iPhones started out strong but stumbled over a related speed bump.
Yahoo Finance's Kristin Myers and Dan Howley discuss the Nikkei reporting that Apple will start producing its first 5G iPhones this month.
(Bloomberg) -- Apple Inc. further escalated its fight with Epic Games Inc., filing a countersuit to stop the game maker from using its own payment system for Fortnite.Apple is seeking monetary damages to compensate for its loss of fees, according to a filing Tuesday in federal court in Oakland, California.“Epic fired the first shot in this dispute, and its willful, brazen, and unlawful conduct cannot be left unchecked,” Apple said.Epic last month launched a payment system that circumvented the Apple App Store, so the iPhone maker didn’t get a cut of purchases inside of Fortnite. Apple then stopped new users from downloading Fortnite on its platform, but existing copies of Fortnite can still use Epic’s system.Epic sued Apple on Aug. 13, claiming the removal of the Fortnite app from the App Store is “retaliation” for the game maker’s decision to offer in-app purchases through its own marketplace. Epic was denied a court order that would have temporarily stopped Apple from delisting Fortnite.Epic declined to comment on Apple’s filing, while reiterating its position that it’s trying to compete in a fair marketplace offering Fortnite players a direct payment option and passing the savings on to them.Read More: Epic Tries New Gambit to Restore Fortnite in Apple App StoreThe case is shaping into a major antitrust battle over tolls of as much as 30% that Apple charges developers when users make in-app purchases. Epic has filed a separate suit with similar claims against Google.”Although Epic portrays itself as a modern corporate Robin Hood, in reality it is a multibillion-dollar enterprise that simply wants to pay nothing for the tremendous value it derives from the App Store,” Apple said in its filing.Apple said Epic’s actions have hurt its business and customer relationships.“Epic’s conduct actually interfered with Apple’s relationships with its consumers, in particular those who made purchases through Epic’s unauthorized external purchase mechanism, depriving Apple of the economic benefit that it reasonably expected to receive from those relationships,” according to the filing.Contradicting Epic’s claim that the App Store is anti-competitive, Apple said it provides a service and helps developers make money.More than $116 billion of the App Store’s 2019 sales of almost $140 billion “went entirely into app developers’ back pockets,” Apple said.The case is Epic Games Inc. v. Apple Inc., 20-cv-05640, U.S. District Court, Northern District of California (Oakland).(Updates with Apple’s argument in court filing in third paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Bitcoin price saw little action on Tuesday. Meanwhile, the value of crypto locked in DeFi has gone down for the first time.
Some $650 million has poured into Yearn.Finance since mid-August. Can Yearn and its YFI token be the mass-market gateway to DeFi?
U.S. stocks closed lower for a third straight session on Tuesday as heavyweight technology names extended their sell-off to send the Nasdaq into correction territory, while Tesla suffered its biggest daily percentage drop after the stock was passed over for inclusion in the S&P 500. Reports on Friday that SoftBank made significant option purchases during the run-up in U.S. stocks added to investor nervousness. The Dow Jones Industrial Average fell 632.42 points, or 2.25%, to 27,500.89, the S&P 500 lost 95.12 points, or 2.78%, to 3,331.84 and the Nasdaq Composite dropped 465.44 points, or 4.11%, to 10,847.69.
Tech stocks closed sharply lower as some of the highflying names that gained ground in recent months lost luster with investors.
COMPANY CLOSE UPDATES Terrence Horan Shares of Apple Inc. AAPL shed 6.73% to $112.82 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index COMP falling 4.
The main indexes closed sharply lower Tuesday, after the stock market faded in the final couple of hours. The Nasdaq led losses with a 4.1% decline.
“Although Epic portrays itself as a modern corporate Robin Hood, in reality it is a multibillion-dollar enterprise that simply wants to pay nothing for the tremendous value it derives from the App Store,” Apple said in a filing Tuesday.
DOW UPDATE Dragged down declines for shares of Apple Inc. and Boeing, the Dow Jones Industrial Average is seeing a selloff Tuesday afternoon. Shares of Apple Inc. (AAPL) and Boeing (BA) have contributed to the index's intraday decline, as the Dow (DJIA) was most recently trading 520 points lower (-1.
Microsoft's (MSFT) $10 billion JEDI contract deal win holds potential to bolster its position in the cloud computing market. However, Amazon continues to vehemently oppose the DoD's mandate.
Critiques of correlation between bitcoin and equities miss the fact that bitcoin adoption within traditional markets has been driven a fiat collapse concern.
The CoinDesk 20 has made its first change since launching in July: Orchid (OXT) has replaced the Basic Attention Token (BAT).
Heritage Capital President and CIO Paul Schatz joins Yahoo Finance’s Kristin Myers to break down his outlook on the markets, as tech drags stocks lower for a third straight day.
Warburg Pincus is investing in Infoblox, a network security firm, in a deal valued at more than $3 billion, including debt, Barron’s has learned.
The impact of Apple (NASDAQ: AAPL) kicking out Fortnite from the App Store may be far greater than what developer Epic Games imagined when it stirred up a hornet's nest challenging Apple's commission fee structure. The video-game developer revealed in a new court filing on Friday the number of iPhone users playing the game plunged 60% following Fortnite's removal from the App Store, which could cause Epic to "suffer irreparable harm." Epic is asking the court to reinstate Fortnite to the App Store issuing a preliminary injunction against Apple.
U.S. stocks dropped for a third straight session on Tuesday as a sell-off in high-flying technology names continued from the prior week, while Tesla was poised for its worst day in nearly six months after the stock was passed over for inclusion in the S&P 500. Ten of the 11 major S&P sectors were lower, with only the defensive utilities group edging higher. News on Friday that SoftBank made significant option purchases during the run-up in U.S. stocks added to investor nervousness.
In becoming a high-risk, high-yield playground for dollar investors, the cryptocurrency world sold out, says our columnist.
DOW UPDATE Dragged down declines for shares of Boeing and Apple Inc., the Dow Jones Industrial Average is in a selloff Tuesday afternoon. Shares of Boeing (BA) and Apple Inc. (AAPL) have contributed to the blue-chip gauge's intraday decline, as the Dow (DJIA) was most recently trading 437 points (1.
The console wars heated up Tuesday as Microsoft Corporation (NASDAQ: MSFT) officially unveiled its new Xbox console.What Happened: The company's Xbox Twitter account unveiled the Xbox Series S with a "Let's make it official" tweet. The new console, which will be the smallest Xbox ever, comes with an estimated retail price of $299. The console will be released on Nov. 10, 2020.The new console has features like faster load times, higher frame rates, richer and more dynamic worlds, and all-digital.> Xbox Series S > All-digital next-gen console > Faster load times > Higher frame rates > Richer, more dynamic worlds > Next generation gaming performance > In our smallest Xbox everPowerYourDreams pic.twitter.com/5GxCBiSVtO> > -- Xbox (@Xbox) September 8, 2020Why It's Important: The announcement Microsoft puts the company out first in a cat and mouse battle with rival Sony Corporation (NYSE: SNE), who has yet to unveil a release date or pricing details for its upcoming Playstation 5.The wording of all-digital could put pressure on physical retailer GameStop Corporation (NYSE: GME), which gets a large portion of revenue from selling used and new release games. The focus on digital will mean more downloads directly from consumers.Microsoft saw Xbox hardware revenue up 49% in the fourth quarter. Xbox content and services revenue was up 68% in the fourth quarter.Price Action: Microsoft shares were down 3% to $207.15. Sony shares were down 1% to $76.53.See more from Benzinga * Nintendo Is Bringing Mario To The Battle Royale Market * Tech Wreck: Markets Plunge As Apple Sets Market Cap Loss Record * LinkedIn Founder And Zynga Founder Team Up On New SPAC(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Have we forgotten the ICO craze and how long it took to revitalize the crypto industry's image?
The change in trend to up wasn’t very impressive. This suggests that buy stops rather than new buyers may have triggered the move.
Investors should get used to more wild swings in the markets ahead of the presidential election.
As has been rumored, Microsoft plans to sell two next-generation Xboxes this holiday season. Following a series of leaks over the long weekend that removed any remaining suspense, Microsoft confirmed that its next-gen game-console lineup will include a small $299 system known as the Xbox Series S.
The board of directors of bitcoin mining manufacturer Canaan approved a buyback program Monday for its lagging shares.
SushiSwap's creator cashed out, BTC options traders remain bullish and data indicates people are "buying the dip."
With investors buying the bitcoin dip and staying bullish on options, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
Decentralized lending platform Cred is the latest crypto firm to join Visa’s Fintech Fast Track Program with the goal of scaling faster.
Yes, at least in the immediate term, as futures of the yellow metal and bullion both decoupled from the resurgent dollar to push higher on their own Tuesday. Gold for December delivery on Comex settled New York’s regular trading session up $8.90, or 0.5%, at $1,943.20 per ounce. It was the first positive close in five days for the benchmark gold futures contract.
Atsi Sheth, Moody’s Investors Service Managing Director, joins Yahoo Finance’s The First Trade with Alexis Christoforous and Brian Sozzi to discuss the latest action in the currency markets, including the state of the U.S. dollar.
Slovakia's Eterbase said early on Tuesday that hackers had managed to steal a total of $1.6 million in various cryptocurrencies.
Ukraine, Russia and Venezuela are the top three countries crypto adoption in the world, according to Chainalysis.
The Euro has been very noisy during the trading session on Tuesday, as we have been testing a major uptrend line from a significant up trending channel.
The "SUSHI rug pull" is a gripping drama in the fast-moving arena of decentralized finance, which apparently is still limited to crypto geeks.
Little-known European crypto exchange ETERBASE suffered a hack Monday night and lost several cryptocurrencies from its “hot” wallets.The post European crypto exchange ETERBASE hacked, lost more than $5 million from its 'hot' wallets appeared first on The Block.
The merger means Blockpit and Crypto Tax can look at taking their newly combined regtech offering to the lucrative U.S. market.
Bitcoin's options market retains long-term bullish bias despite the recent price pullback, data shows.
The direction of the EUR/USD the rest of the session is likely to be determined trader reaction to the Fibonacci level at 1.1826.
It may be too early to draw parallels between the DeFi explosion and the ICO bubble of two years ago.
The raise came after the new trading platform reached nearly $10 million in aggregate trading volume.
Following Friday’s spike higher in U.S. Treasury yields, gold traders may be expressing a little caution ahead of this week’s Treasury auctions.
EUR/USD managed to settle below the 20 EMA and is trying to get below 1.1800.
EUR/USD is testing a critical support zone. A bullish bounce could confirm an inverted head and shoulders pattern (blue boxes).
Economic data from Germany and the Eurozone put the EUR in focus, while Brexit keeps the Pound under pressure.
It’s a bearish start to the day for the majors. Steering clear of the pivot levels should support a recovery, however.
The Euro pulled back slightly to kick off the trading session on Monday, although it would have been in very thin liquidity for about half of the session.
EUR/USD continues its attempts to settle below the nearest support level at the 20 EMA at 1.1840.
European stock markets pushed higher Monday, despite lackluster German economic data, with focus turning to Thursday’s meeting of the European Central Bank. At 3:35 AM ET (0735 GMT), the DAX in Germany traded 0.8% higher, the CAC 40 in France rose 0.7% and the U.K.'s FTSE index was up 0.8%. A release from the Ifo institute had suggested on Monday that German industrial firms expect production to increase slightly in the coming months.
Economic data from Germany will provide the EUR with direction later this morning. Negative chatter on Brexit has left the Pound in the deep red early on…
The dollar traded higher in early European trade Monday, while the euro was weakened disappointing German industrial production data and sterling was weighed on the revived risk of a messy end to the Brexit transition period at the end of the year. Data from the U.S. Labor Department released on Friday showed that August’s jobless rate fell to 8.4% from 10.2%, despite government funding drying up and rising doubts about the sustainability of the U.S. economic recovery. “The jobs data, which showed a decline in the unemployment rate, and a rise in U.S. Treasury yields, are supporting the dollar today,” Mizuho Securities chief currency strategist Masafumi Yamamito told Reuters.
Elsewhere, gold futures rose 0.1% to $1,935.80/oz, while EUR/USD traded 0.1% lower at 1.1830.
By Noreen Burke
Economic data, monetary policy, and geopolitics will be in focus in the week ahead. Will the BoC and the ECB kick start another currency war?