Latest Market News
Bitcoin (BTC) is on track to hit a massive $2 million within six years, asset management guru Lawrence “Larry” Lepard believes. In his latest appearance on the Quoth the Raven podcast on Oct. 16, Lepard said that BTC/USD could “easily” deliver 100x returns from current prices. Lepard: “I personally believe Bitcoin’s going to go up […]
Carvana Co. shares CVNA, +0.99% have lost more than 90% of their value this year, but one analyst isn’t betting on a rally from here. Wedbush analyst Seth Basham downgraded Carvana’s stock to neutral from outperform Tuesday, writing that “a further deterioration in market conditions, a bloated cost structure, and high cash burn” make it […]
Facebook parent company Meta Platforms Inc. META, -0.25% on Tuesday said it has agreed to sell off Giphy, a social media GIF library it acquired for a reported $400 million in 2020, after the U.K.’s Competition and Markets Authority (CMA) upheld an earlier ruling for Meta to divest. In its ruling Tuesday, the CMA found […]
Zurich-based Credit Suisse AG CS, +3.92% CSGN, +1.57% could seek at least $2 billion in a potential capital increase, and has lined up big banks just in case, according to a Tuesday report by Bloomberg, [l: which cited sources. Those banks include Morgan Stanley MS, +2.96% and Royal Bank of Canada RY, +0.71% RY, +1.08%, […]
The yen has fallen to its lowest level in more than three decades against the dollar, hurt by Japan’s refusal “to play the tightening game that foreign central banks like the Federal Reserve have spearheaded,” said XM senior investment analyst Marios Hadjikyriacos. This rates dynamic is one reason the yen has lost its safe-haven appeal. […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a consolidation range around 0.9790 and continues to correct to 0.9873. After this level has been reached, the downside link to the level of 0.9790 is not excluded (test from above). Next, consider the likelihood of another upside structure to 0.9950. GBPUSD, “Great Britain Pound vs US […]