Latest Market News
The NYSE’s Arms Index, a volume-weighted breadth measure, is showing signs of panic-like selling behavior as the S&P 500 SPX, -3.56% falls into bear-market territory. The Arms compares the ratio of advancing stocks to declining stocks to the ratio of advancing volume to declining volume, to depict the intensity of the buying and selling into […]
As the bear market bites, holding crypto investments can be a tough pill to swallow. Consider two of the largest bag holders of publicly traded companies. They are down by almost $2 billion dollars on their Bitcoin buys. According to Bitcointreasuries.net, the 130,000 and 43,00 Bitcoin (BTC) held by Microstrategy and Tesla respectively are worth […]
All 30 Dow Jones Industrial Average DJIA, -2.73% component stocks are falling in Monday’s premarket, with Dow futures YM00, -1.86% pointing toward a third-straight decline of more than 500 points as inflation fears continue to fuel the selloff. The Dow’s biggest percentage decliners ahead of the open are shares of Salesforce Inc. CRM, -4.63%, down […]
With the surging popularity of nonfungible tokens (NFTs), many have taken to “flipping” these assets as a trading strategy. Around 64% of people in a recent survey said their top reason for buying an NFT was “to make money.” Blockchain monitoring software company DEXterlab polled more than 1,300 people on Twitter about their NFT buying […]
Choice Hotels International Inc. CHH, -4.17% said Monday it has agreed to acquire Radisson Hotel Group Americas for about $675 million in a deal expected to close in the second half. The purchase includes the franchise business, operations and IP of Radisson Hotels in the U.S., Canada, Latin America and the Caribbean, including the real […]
Bitcoin (BTC) begins a new week with a totally different feel to last as BTC/USD seals its lowest weekly close since December 2020. A night of losses into June 13 means that the largest cryptocurrency is now edging closer to beating its ten-month lows from May. The weakness has left few guessing: shock inflation data […]