Latest Market News
The BTC is trying to recover, but its hopes were shipwrecked. Yesterday, the major crypto gained almost 4%, but today it is retreating to $19,065. We’ve already told earlier that important support level at $18,000-$19000 “survived”. However, the BTC still stands a good chance to reach this range, because there are no good reasons to […]
The Pound sterling is plunging against the USD. The current quote for the instrument is 1.1158. During its September meeting, the Bank of England raised the benchmark interest rate for the seventh consecutive time, by 50 basis points, to 2.25%. Such a hike was widely expected, but some investors believed it could have been more […]
The summons requires M.Y. Safra Bank to submit information about taxpayers who failed to report and pay their taxes on crypto. 2857 Total views 201 Total shares With the crypto community growing bigger and as trading volumes reach new highs, the United States is also making more effort to ensure that its Internal Revenue Service […]
U.S. stocks opened sharply lower Friday, with all three major benchmarks heading for weekly losses in the wake of the Federal Reserve’s large interest rate hike and a surge in Treasury yields. The Dow Jones Industrial Average DJIA, -1.50% was down around 1% soon after the opening bell, while the S&P 500 SPX, -1.76% dropped […]
Shares of oil and gas companies were taking a broad beating ahead of Friday’s open, as growing concerns of a coming recession has sent crude oil futures CL00, -4.87% sinking toward an eight-month low. The SPDR Energy Select Sector ETF XLE, -5.32% slumped 3.2% in premarket trading, with all 21 components selling off, as crude […]
Novartis AG NOVN, -0.81% on Thursday told investors that the Swiss drug maker plans to adopt a “U.S.-first mindset” in its bid to become a “top-five player” in the U.S. market by 2027. Novartis is one of the world’s largest pharmaceutical companies; however in the U.S., it was the tenth largest by revenue in the […]