Renewed fears of monetary tightening by the Fed played spoilsport with market sentiment amidst Chair Jerome Powell’s comments about high inflation and further monetary tightening. Comments by ECB officials too downplayed expectations of interest rate cuts, dampening market sentiment. Wall Street Futures are trading directionless. European benchmarks recorded deep losses. […]

Shares of National Vision Holdings, Inc. (EYE), an optical retail company, are rising more than 8% Thursday morning after the company’s third-quarter results surpassed analysts’ view. The company reported net loss of $73.8 million or $0.94 per share for the third quarter compared with $11.5 million or $0.15 per share […]

Market sentiment remained broadly positive in spite of lingering worries about monetary policy outlook in the backdrop of hawkish commentaries from central bank officials. Deflation hints from China and mixed corporate earnings updates also swayed market sentiment. Markets in the meanwhile are waiting for speeches by Fed Chair as well […]

Long-term Bitcoin holders remain steadfast in their investment, despite the recent market excitement that saw the price of BTC briefly touch the $35,000 mark after investors bought the cryptocurrency based on optimism surrounding the potential approval of a spot Bitcoin exchange-traded fund (ETF) in the US. Bitcoin’s price is up […]

Cryptocurrencies declined close to a percent in the past 24 hours amidst the Dollar’s rebound. Anxiety ahead of a speech by Fed Chair Jerome Powell that is expected to provide fresh insights to the Fed’s monetary policy thinking lifted the Dollar higher. Despite a monthly report that showed a cooling […]

Swiss banking major UBS Group AG reported Tuesday a loss in its third quarter, compared to prior year’s profit, reflecting the integration of Credit Suisse. However, the company recorded an underlying profit in the first full quarter since acquisition, and revenues climbed from last year with good growth in all […]

In a recent video, a prominent figure in the tech and cryptocurrency space, known as TechLead, presented an analysis of Bitcoin’s performance and the potential implications of the upcoming spot Bitcoin Exchange-Traded Funds (ETFs). The discussion centered around the significant increase in Bitcoin’s value, the strategic moves in cryptocurrency investments, […]

BitMEX exchange co-founder Arthur Hayes has asserted that the ongoing economic competition between the United States and China benefits Bitcoin (BTC) as both countries vie for dominance in the global financial landscape. Hayes expressed his views on X (formerly Twitter) today, emphasizing the positive impact of competition in the digital […]

Matrixport’s Head of Research, Markus Thielen, offers an incisive evaluation of the Bitcoin mining sector, pinpointing a stock with the potential to climb by more than 330%. Revealed in his blog post on 26 October 2023, Thielen delivers this forecast alongside incentives for new subscribers, encapsulating his commitment to enhancing […]

Shares of medical devices company Teleflex Incorporated (TFX) are rising more than 10% Thursday morning after reporting third-quarter results, above the Street view. The company also narrowed full-year revenue outlook, that comes in above consensus estimates. Net income in the third quarter increased to $137.14 million or $2.90 per share […]