Coinstore, the leading cryptocurrency exchange, is celebrating its 3rd anniversary by launching trading competitions and community airdrops, highlighting its growth and commitment to the industry.
Bitcoin's recent price drop should not concern traders as a chart fractal suggests that the cryptocurrency is following a similar pattern from four years ago, indicating that the bull market is far from over.
The November Consumer Price Index (CPI) data, which showed a 0.1% increase in overall CPI and a 0.3% increase in core CPI, had little impact on markets as it was largely in line with expectations, indicating that inflation is relatively tame and unlikely to prompt interest rate changes; meanwhile, the Federal Open Market Committee (FOMC) meeting begins today, with the focus on the Fed's 2024 projections, and upcoming earnings reports from companies like Adobe and Costco are also being closely watched.
Avalanche's AVAX token surpasses Dogecoin to become the 10th-largest cryptocurrency as it experiences a double-digit overnight surge, while Dogecoin slips by 1% in the past day.
Spotify's per stream rates for independent artists have decreased by 8% in 2023, while Apple, YouTube, and Amazon have all increased their payout rates. Independent Latin artists make nearly 70% less per stream than Country artists, and independent artists need 5 million streams annually to make the US federal minimum wage.
Central banks around the world are quietly buying physical gold, which indicates the return of gold as a holding in the monetary system and suggests that individuals should consider doing the same.
Binance's spot market share has declined from 55% at the start of the year to 30.1% in December, while El Salvador's Bitcoin bonds have received regulatory approval for an early 2024 issuance, and ARK Invest sold $12.85 million worth of Grayscale Bitcoin Trust shares.
Howard Yu, the LEGO® professor of management and innovation at IMD business school, discusses his latest book on how to thrive in a world where everything can be copied.
A 5-minute bar chart for Comex gold futures is a valuable tool for active traders, providing key moving averages and buy/sell entry points.
US stock futures remain strong near their 2023 highs as a key inflation report shows prices holding steady, alleviating pressure on the Federal Reserve to cut interest rates.
Gold prices remain flat as the US Dollar weakens ahead of the US CPI release, with investors looking for clues about the Fed's monetary policy plans and hopes of rate cuts waning.
Iovance Biotherapeutics is a promising investment option according to Wall Street analysts, as the company's innovative cell-based cancer therapy, lifileucel, shows potential for long-term survival in hard-to-treat patients, pending FDA approval.
Geopolitical issues have become the top concern for institutional investors, surpassing inflation and potential recession, according to a Natixis poll of 500 investors.
Wall Street is poised for small gains as investors await U.S. inflation data ahead of the Federal Reserve's final meeting, with expectations that inflation will continue to slow and potentially lead to a delay in additional interest rate hikes. Several major companies are set to report their earnings this week, while in international markets, European stocks showed mixed results, Japan experienced slowdown in inflation, and Chinese leaders pledged efforts to spur stable economic growth. Crude oil prices retreated, and Treasury yields were generally lower.
Investors in Chinese stocks in 2024 will prioritize businesses with a global reach or those insulated from an economic downturn, focusing on sectors such as health, medical innovation, electric vehicle supply chain exporters, and advanced manufacturing, despite sell-side analysts forecasting Chinese equities to outperform the S&P 500.
European markets are expected to open higher as investors await the Federal Reserve policy meeting and the latest U.S. inflation data, with economists predicting steady growth in the consumer price index.
Hong Kong stocks rose by the most in three weeks on optimism about a key political and economic meeting in Beijing and technical indicators suggesting the recent market sell-off may be overdone.
Despite signs of resilience in housing markets in the Asia-Pacific region, particularly in Australia, New Zealand, and South Korea, there are indications that the housing market pain in Asia is far from over, with China's housing market experiencing a cyclical and structural correction, and other markets in the region facing renewed slowdowns and deeper downturns. In Japan, the potential end of negative interest rates could have significant implications for the property market.
Verizon Communications' stock performance lags behind the S&P 500, but it has seen a positive gain in the past month and its upcoming earnings report is highly anticipated by investors, with estimates projecting a decrease in EPS and revenue compared to the previous year. The company currently has a Zacks Rank of #3 (Hold) and its valuation suggests a discount compared to its industry average.
Microsoft's stock price closed at $371.30, showing a slight decrease of 0.78% compared to the previous trading session, while analysts are closely monitoring the upcoming earnings disclosure, predicting an 18.53% growth in EPS and a 15.68% increase in revenue compared to the prior-year quarter.
SoFi Technologies, Inc. (SOFI) closed lower at $8.07 in the latest trading session, with analysts expecting a positive performance in upcoming earnings and a potential upward movement in stock price.
AGNC Investment's stock showed a small decrease compared to the previous day, while the upcoming earnings release and recent analyst revisions will impact its future performance.
Johnson & Johnson's stock reached $155.06, with a +0.41% movement compared to the previous day, outperforming the S&P 500, but lagging behind the Medical sector, as investors await the company's upcoming financial results and EPS projection of $2.37.
AMC Entertainment Holdings has completed a $350 million equity offering, reducing liabilities by $62.28 million and strengthening its balance sheet.
The "Magnificent Seven" tech stocks, including Meta Platforms, Apple, Nvidia, Microsoft, Amazon, Alphabet, and Tesla, all closed lower while the major U.S. equity indexes hit fresh highs, raising questions about future leadership in the stock market.
Citi has revised its mid-2024 S&P 500 target to 4800 while maintaining its year-end target at 5100, according to a note released by the company.
The neurotrophic keratopathy market is expected to experience significant growth in the forecast period, driven by the high cost of approved therapy and the development of new drugs by companies such as ReGenTree, RegeneRx Biopharmaceuticals, and Oyster Point Pharma.
The US Dollar (USD) is experiencing a strong uptrend, trading at 104.10, supported by rising yields and decreased expectations of dovish policies from the Federal Reserve (Fed), with investors eagerly awaiting inflation data and the Fed's decision later this week.
Netflix Inc. stock rises 1.35% as the company outperforms its competitors and continues a streak of three consecutive days of gains.
Stocks closed higher on Monday as investors anticipate an important inflation update and the Federal Reserve's policy decision, with the Dow Jones Industrial Average and S&P 500 closing at their highest levels since early 2022, while the Nasdaq Composite reached its highest close since April 2022. In addition, investors are focused on November's Consumer Price Index (CPI) report, which is expected to show a slight deceleration in headline inflation from October. Furthermore, Coinbase stock plunged as Bitcoin experienced its sharpest drop in four months, raising doubts about the sustainability of the crypto market's recent rally. Paramount Global saw shares slide following reports of a potential deal involving RedBird Capital and Skydance Media acquiring National Amusements' voting shares to gain control of the media conglomerate. JPMorgan warns of a potential "catch-22 situation" for US markets in 2024, stating that a market rally will be unsustainable if the Federal Reserve does not cut interest rates. Lastly, Microsoft and a group of video game workers at ZeniMax have agreed on AI provisions in their union contract negotiations, ensuring fair treatment and worker empowerment in the use of artificial intelligence.
Despite uncertainty in the global economic outlook for 2024, oil prices continue to rise due to concerns over supply and a potential rebound in demand, with traders showing caution and indecision as they navigate growth concerns. However, disagreements among OPEC+ members may hinder further cuts to stabilize oil prices, while portfolio investors remain bearish on their crude oil outlook. The IMF warns of possible fragmentation in the global economy, which could lead to significant losses. Looking ahead, US data and central bank meetings may impact oil prices, and technical analysis suggests potential upside for WTI crude oil.
Bitcoin and Ethereum experienced a significant drop in value as cryptocurrency markets underwent a decline after a prolonged period of growth, with the global crypto market capitalization also decreasing by 6% in one day.
Fashion retail platform Farfetch experienced a significant drop in stock value and faces financial challenges, while Walgreens struggles with high leverage and weak cash flow, Chevron reassures stakeholders about a border dispute, MasterCard predicts strong consumer spending, Goldman Sachs favors growth stocks, Nvidia receives support for selling AI chips to China, Eli Lilly's obesity drug faces scrutiny, Microsoft's investments generate interest, CRISPR Therapeutics' rating is downgraded, Trimble sees potential, Amazon and Google are predicted to be winners, Illumina plans to divest GRAIL, Terran Orbital seeks potential sale, and stock futures await the Federal Reserve's meeting outcome.
2023 was marked by volatility and uncertainty, with higher interest rates leading investors to hold cash, but as we enter 2024, inflation is cooling and the market is recovering, prompting investors to consider moving out of cash and taking advantage of the rate pause period for better returns in the bond and equity markets, according to Gargi Chaudhuri, BlackRock Americas iShares Investment Strategy Head.
The key event on Tuesday is the US inflation figures, with the Consumer Price Index (CPI) expected to show a slight increase, while the annual rate is projected to slow down; the focus will also be on the start of the last FOMC meeting of the year and the US Dollar Index (DXY) rose modestly on Monday but failed to break resistance.
The information contained in this text should not be regarded as a recommendation or solicitation to trade securities, and its accuracy and completeness are not guaranteed.
TikTok is set to acquire a majority stake in Indonesian e-commerce platform Tokopedia in a deal worth over $1.5 billion, with TikTok's commerce platform to be integrated into Tokopedia as part of the merger.
Financial markets need to prioritize climate change mitigation and adaptation and ensure a more equitable transition to a cleaner, more resilient American economy to drive more equitable climate investment.
Stocks ticked higher as investors look ahead to key inflation data and the Federal Reserve's policy decision, with the Dow Jones Industrial Average and S&P 500 both rising 0.3% while tech stocks reversed earlier losses with the Nasdaq Composite adding more than 0.1%.
The average transaction price for a new vehicle in the US in November 2023 increased slightly from the previous month but was down 1.5% year over year, with luxury vehicle prices down 7.5% and luxury market share surpassing 20%, according to data from Kelley Blue Book. Incentives reached a new high for the year, surpassing 5% of the average transaction price for the first time in over two years, indicating a shift to a buyer's market.
Binance, the world's largest cryptocurrency exchange, has experienced a decline in market share, dropping from 55% at the beginning of the year to 30.1% in December, due to regulatory charges and the departure of its CEO, although it still remains the biggest exchange in the industry.
The IPL 2024 player auction is set to take place in Dubai, featuring 333 players, including 119 overseas players, with Harry Brook and Travis Head set to be the first two names up for bidding, followed by several big names such as Pat Cummins, Mitchell Starc, and Steve Smith, among others.
Barchart.com provides various tools and features such as watchlists, portfolios, screeners, and more, with a free 30-day trial of Barchart Premier.
The global blockchain gaming market is projected to reach $614 billion by 2030, growing at a CAGR of 21.8%, with North America leading the market.
The signing of Shohei Ohtani to a record-breaking contract with the Los Angeles Dodgers is impacting Japan's stock market, with shares of corporate sponsors such as Mitsubishi, Seiko, and others rising after the deal was announced.
Wall Street bears are predicting a potential softening in corporate earnings in 2024, which could limit stock market growth, as doubts arise about the ability of major US companies to maintain profit margins and meet analysts' optimistic earnings growth targets.
Stocks were mixed during afternoon trading as investors awaited a crucial inflation update and the Federal Reserve's policy meeting, with the Dow Jones Industrial Average and S&P 500 slightly up, while the Nasdaq Composite ticked lower; meanwhile, Microsoft reached an agreement with video game workers on AI rules within their union contract negotiations.
The United States is experiencing a surge in the demand for built-in kitchen appliances driven by the trend of kitchen renovations and modular kitchens, with a projected CAGR of 7.4% and a market value of $15,856.7 million in 2024.
China has the largest share of inland shipping in the world, followed by North America and Europe, with significant routes also found in Russia, South America, and Africa. Short sea shipping is prevalent globally, while deep water shipping dominates in terms of tonnage, although these massive ships are expected to decline in the future.
Gold and silver prices are down due to a stronger U.S. dollar and rising U.S. Treasury yields, while technical selling and deteriorating near-term chart postures are adding to the bearish sentiment, with hope for friendlier fundamental news with this week's economic data; U.S. stock indexes slightly up ahead of the Federal Reserve's monetary policy meeting and key U.S. inflation data, with market watchers keeping an eye on U.S. Treasury bond and note auctions and concerns about the U.S. government's ability to continue selling debt without disruption.