Latest Market News

Jun 16
CORN, H4 | Potential Bullish Continuation

Type: Bullish BounceKey Levels:Resistance: 782.67Pivot: 759.74Support: 751.12Preferred Case:On the H4, with price moving above the ichimoku cloud and within the ascending trend channel, we have a bullish bias that price will rise from our pivot at 759.74 in line with the 78.6% fibonacci projection and overlap support to to 1st resistance at 782.67 in line […]

Jun 16
Liquidity provider asks platforms to freeze 3AC funds to recover assets after litigation

Danny Yuan said that their team detected that $1 million was missing from their company’s funds at Three Arrows Capital (3AC). 1540 Total views 23 Total shares Danny Yuan, the CEO of trading firm 8 Blocks Capital, called out to platforms that are holding funds owned by 3AC to freeze the assets, as rumors of […]

Jun 16
Home builder stocks hit hard after disappointing housing starts data

Share of home builders were broadly lower Thursday, after data showing that U.S. housing starts fell a lot more than expected in May. The iShares U.S. Home Construction ETF ITB, -0.26% sank 2.0% in premarket trading, putting it on track for a near two-year low, as futures ES00, -1.84% for the S&P 500 SPX, +1.46% […]

Jun 16
Metaverse could be worth $5 trillion by 2030: McKinsey report

Global spending in the metaverse could reach $5 trillion by 2030, according to a new report from international consulting firm McKinsey & Company.  Published yesterday, the 77-page report titled “Value Creation in the Metaverse” analyzed current adoption trends and drew additional insight from two global surveys; one gathered data from 3,104 consumers across 11 countries, […]

Jun 16
AC Immune shares slide 15% premarket after trial of Alzheimer’s treatment misses its main goals

Shares of biotech AC Immune SA ACIU, -9.21% slid 15% in premarket trade Thursday, after the company said a a trial of a treatment for Alzheimer’s disease failed to slow or prevent cognitive decline in patients with a specific genetic mutation that causes early-onset disease. The trial involved 252 people who are members of the […]

Jun 16
‘Cheaper than it looks:’ Fidelity exec says BTC undervalued and oversold

Anthony Pompliano made similar remarks on Monday, noting that Bitcoin’s “value and price are diverging” and that “weak hands are selling to strong hands.” 4479 Total views 69 Total shares Jurrien Timmer, director of global macro of Fidelity, has argued that Bitcoin (BTC) may be “cheaper than it looks,” highlighting evidence on Tuesday that the […]