We also break down next week’s catalysts to watch to help you prepare for the week ahead. In this article: This week’s tech sector performance This week, the stock market displayed a mixed performance amid ongoing uncertainty about artificial intelligence (AI) company valuations and policy decisions from the US Federal Reserve. On Monday (November 17), […]
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Here’s a quick recap of the crypto landscape for Friday (November 21) as of 9:00 a.m. UTC. Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news. Bitcoin and Ether price update Bitcoin (BTC) was priced at US$83,590.70, down by 10.4 percent over 24 hours. Its lowest […]
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MP Materials (NYSE:MP) and the US Department of Defense have entered into a joint venture with Saudi Arabia’s Maaden to build a rare earths refinery in the Kingdom, marking the first major project under a new US-Saudi critical minerals cooperation framework signed in Washington this week. The binding agreement gives both the US and MP […]
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Statistics Canada released October’s consumer price index (CPI) data on Monday (November 17). The figures showed that inflation softened during the month, falling to 2.2 percent year-over-year from 2.4 percent in September. The agency cited a 9.4 percent decrease in gasoline prices as the main contributing factor, following a 4.1 percent decrease the previous month. […]
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U.S. stock markets were poised for lift off Thursday, after a strong earnings report from computer chip giant Nvidia signaled that there is still plenty of room to run in the artificial intelligence boom that has powered markets higher for much of the year. Prior to the opening bell, bets on the S&P 500 were […]
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The United States added 119,000 jobs in September, a stronger-than-expected figure and a sign that the economy was adding jobs at a healthy clip before government shutdown. But the details of the report from the Bureau of Labor Statistics paint a more mixed picture, that of a labor market that has recently begun to look […]
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Shoppers are still flocking to Walmart. The company raised its full-year earnings and sales outlook Thursday, heading into the crucial holiday shopping season. Walmart also offered fresh signs that it is shedding its original identity as a strictly down-market brick-and-mortar operation by growing its e-commerce business and increasing its market share of higher-income shoppers. Walmart’s […]
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Michael Saylor’s Strategy is in danger of losing its place on a number of leading equity indices, including the Nasdaq 100. This comes as the crypto market crash continues to worsen day after day. Strategy’s Nasdaq 100 Inclusion Under Review According to Bloomberg, both MSCI and Nasdaq are reviewing whether the firm still qualifies for […]
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A pro-crypto nominee Michael Selig has been pushed forward by the Senate Agriculture Committee to be the next Chair of the Commodity Futures Trading Commission (CFTC). The vote was close, 12‑11. CFTC Leadership Gap Sparks Urgent Senate Action According to the Congress reporter Brendan Pedersen, the decision was strictly supported by the GOP as no […]
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XRP, BTC, ETH, and DOGE prices are experiencing significant declines, with the overall crypto market down 2.71% in the past 24 hours. Bitcoin has fallen below $90K, and Ethereum dropped under $3K, contributing to a broader market downturn. XRP Price Struggles as Price Dips Below $2 In the last 24 hours, the XRP price crashed […]
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