Latest Market News
The Dow Jones Industrial Average surged more than 900 points at its session high and remained on track for its biggest one-day percentage jump since June 2020 as equities kicked off the new month and quarter with a sharp bounce. The Dow DJIA, +2.66% remained up 890 points, or 3.1%, which would be its largest […]
Oil futures climbed sharply on Monday, with U.S. prices up more than 5% as traders bet that the Organization of the Petroleum Exporting Countries and their allies will agree later this week to cut production on concerns over a slowdown in the economy that would hurt demand for oil. News reports said the group of […]
Minor inflows for digital asset investment products over the last few weeks suggest a “continued hesitancy” towards crypto amongst institutional investors amid a slowdown of the U.S. economy. In the latest edition of CoinShares’ weekly “Digital Asset Fund Flows” report, Coinshares head of research James Butterfill highlighted stand-offish institutional sentiment towards crypto investment products, which […]
Rivian RIVN, -3.10% on Monday said it believes it is still on pace to produce 25,000 vehicles this year, in keeping with a prior target, despite earlier production setbacks for the electric-vehicle maker. Shares jumped 10% after hours. Management said the company produced 7,363 vehicles in the third quarter. The electric-vehicle maker said those vehicles […]
Tether is also looking to become more transparent, having hired a new accounting firm to conduct regular audit and attestation reports to ensure its stablecoin is properly backed by the USD. 283 Total views 13 Total shares Stablecoin issuer Tether (USDT) has nearly completely slashed its commercial paper holdings, with less than $50 million worth […]
This year’s final quarter began on a pessimistic note, with the US stock market losing more than 1.5 percent on Friday, cementing short-term risk aversion and bearish sentiment. Risk assets picked up the baton on Monday and extended the bearish trend. European markets sank by more than half a percent, the S&P 500 futures struggle […]