Latest Market News

Jun 03
‘Pig slaughtering’ crypto scams reap millions on Silicon Valley dating apps

“I never thought it could happen to me because I use tech. I’ve written software,” a victim of the pig slaughtering scam noted. 953 Total views 21 Total shares Lonely hearts in Silicon Valley are reportedly falling prey to a wave of “pig slaughtering” crypto scams via dating apps. An investigator for cybersecurity company Sift […]

Jun 03
Dow ends over 400 points higher as stocks shake off early weakness

Stocks rallied into the closing bell Thursday, shaking off early weakness tied to Microsoft Corp.’s MSFT, +0.79% lowered guidance and worries about the pace of Federal Reserve rate increases. The Dow Jones Industrial Average DJIA, +1.33% ended with a gain of around 435 points, or 1.3%, to end near 33,248, according to preliminary figures, while […]

Jun 03
Bitcoin bond still on hold, El Salvador accused of human rights violations

El Salvador’s finance minister believes the ongoing price volatility of Bitcoin means the awaited “Bitcoin bond” won’t be launched anytime soon. Meanwhile the country faces a “human rights crisis.” 935 Total views 15 Total shares El Salvador’s finance minister Alejandro Zelaya has said the country will further delay launching its anticipated billion dollar Bitcoin (BTC) […]

Jun 03
Alaska Air: Stronger revenue offsetting fuel increases

Alaska Air Group Inc. ALK, +1.76% late Thursday tweaked the lower end of its capacity guidance for full-year 2022, but said its performance has improved and “stronger” revenue is offsetting fuel price increases. Alaska said it expects capacity to be 7% to 9% below 2019 capacity, compared with a previous expectation of 6% to 9% […]

Jun 03
The Aussie doesn’t quit so easily. Overview for 02.06.2022

AUDUSD doesn’t care about global risk aversion and continues holding its position. The Australian Dollar doesn’t pay attention to the external pressure against the USD on Thursday. The current quote for the instrument is 0.7184. The Aussie is looking quite strong against the USD, which is now attacking on all fronts, but its chances to […]

Jun 03
The Euro gave in. Overview for 02.06.2022

EURUSD retreated to its weekly lows amid global risk aversion. The major currency pair is hanging not far from its weekly lows. The current quote for the instrument is 1.0680. Investors are getting more and more interested in “safe haven” assets and it’s very good for the “greenback”. The statistics from the US published yesterday […]