Shares of Canadian mining company Teck Resources Limited (TECK) are rising more than 10% in the morning trade on Wednesday following surge in first-quarter profit helped by high commodity prices. Profit for the first quarter increased to a quarterly record at C$1.571 billion or $2.87 per share from C$326 million […]

The digital assets market place more or less mirrored the global rout in stock markets and commodity markets, as renewed fears of the Chinese lockdowns disrupting the supply chains and derailing the global economic recovery rattled investors. The feared ferocity in the Fed’s interest rate trajectory lifted the Dollar Index […]

Recently, Jurrien Timmer, Director of Global Macro at Fidelity Investments, commented on Bitcoin’s latest price action, and he had some words of comfort with Bitcoin HODLers who might be a bit worried by the currently bearish crypto market. In March 2021 Timmer published a 12-page research paper on Bitcoin (title: […]

Shares of Autoliv, Inc. (ALV) are down more than 5% in the morning trade on Friday following first-quarter results, that came in below Street expectations. The automotive safety systems maker also cut its full-year organic sales growth outlook to about 12%-17% range from 20%. Looking forward, Autoliv said, “We expect […]

Sentiment across markets was rattled as the Fed and ECB appeared forceful in their resolve to hike interest rates to tame inflation. Growth concerns re-emerged, amidst the unabated geopolitical crisis in eastern Europe and the pressures of a tight monetary policy. Asian benchmarks capitulated to the might of the lingering […]

Shares of Freeport-McMoRan Inc. (FCX) are falling more than 5% in the morning trade on Thursday even as the mining company’s first-quarter results topped analysts estimates. The company reported net income of $1.5 billion or $1.04 per share, compared with $0.7 billion or $0.48 per share in the same quarter […]

Equity market sentiment recovered as optimism over corporate earnings helped offset the disappointment over the downgrade in growth forecast by the IMF. Asian stocks finished mixed, triggered by a drop in the Chinese benchmarks as the Peoples Bank of China refused to ease rates further. European markets are trading higher […]

The Federal Bureau of Investigation (FBI), the Cybersecurity and Infrastructure Security Agency (CISA), and the U.S. Treasury Department have issued a joint Cybersecurity Advisory to highlight the cyber threat associated with cryptocurrency thefts and tactics used by North Korea-based groups. The advisory has been issued on North Korean state-sponsored advanced […]

American stock futures indicate mild losses on opening, ahead of the earnings season for the first quarter. Asian stocks finished lower. European markets are closed on account of public holiday. The Dollar Index spiked to a fresh 52-week high of 100.76. Euro traded lower amidst the ECB’s status quo on […]

On Monday, Bitcoin continued to lead other cryptocurrencies in a sell-off after liquidity was shattered following United States equities markets closing on Good Friday to observe Easter onwards. As of writing, Bitcoin is trading at $39,075 after crushing the $40,000 floor a few hours before Sunday close. This weakness has […]