Latest Market News

Apr 30
Bitcoin network difficulty breaks into a new all-time high of 29.794T

While Bitcoin miners continue to pursue the last 2 million BTC into circulation, the overall network is well-positioned to attain greater resilience against vulnerabilities. 1412 Total views 66 Total shares Reassuring its position as the most resilient blockchain network against attacks, the Bitcoin (BTC) network recorded a new all-time high network difficulty for the second […]

Apr 30
Alibaba, other China ADRs soar after WSJ report China to pause putting pressure on tech giants

The U.S.-listed shares of China-based technology companies soared in premarket trading Friday, after The Wall Street Journal reported that Chinese regulators were preparing to pause its campaign against technology companies, as they look to stem the deterioration in China’s economy. Citing people familiar with the matter, the WSJ report said regulators are set to meet […]

Apr 30
New Hampshire Senate kills two House-passed cannabis measures

A resolution passed by the New Hampshire House of Representatives to set up state-run cannabis sales in the Granite State was nixed by the Senate on Thursday as one of two bills that failed to pass the chamber, according to as report by Marijuana Moment. The cannabis sales bill as proposed by Rep. Daryl Abbas […]

Apr 30
U.S. inflation rate surges to 6.6%, PCE index shows, but prices might also be peaking

The numbers: The Federal Reserve’s preferred measure of inflation rose a sharp 0.9% in March, but the increase largely stemmed from a surge in the cost of gas and there were some signs that intense price pressures could be starting to ease. Over the past 12 months, the personal consumption price index has climbed 6.6%, […]

Apr 30
AbbVie’s stock is down 3% after missing on revenue in the first quarter of 2022

An earlier version of this report incorrectly listed Rinvoq’s revenue. The drug generated $465 million in revenue in the first quarter of 2022. Shares of AbbVie Inc. ABBV, -6.03% were down 3.4% in premarket trading on Friday after the company missed on revenue in the first quarter of the year. AbbVie had earnings of $4.5 […]

Apr 30
Daily Market Outlook, April 29, 2022

Daily Market Outlook, April 29, 2022 Overnight Headlines China And U.S. Negotiate On-Site Audit Checks As Delistings Loom RBA To Raise Rates To 0.25% On Tuesday, To End Year At 1.50% – RTRS Poll More UK Companies See Price Increases Even As Economy Slows Dollar Towers At Two-Decade High On Growth Woes, Fed Outlook Goldman […]