Latest Market News

Sep 29
Ethereum Merge was ‘executed flawlessly,’ says Starkware co-founder

Starkware co-founder Eli Ben-Sasson told Cointelegraph that none of the things that people feared about the Merge happened, and everything happened as it should. 1864 Total views 30 Total shares As the dust settled over the Ethereum network’s highly-anticipated transition to proof-of-stake (PoS), Eli Ben-Sasson, the co-founder of Starkware, gave his thoughts on its execution […]

Sep 29
High Tide buying two Jimmy’s Cannabis Shop locations in British Columbia

Canadian cannabis company High Tide Inc. HITI, -4.26% HITI, -3.66% said Thursday it agreed to pay C$5.3 million ($3.88 million) to acquire two retail stores in British Columbia from seller 1171882 B.C. Ltd., operating as Jimmy’s Cannabis Shop BC. The stores, one in Cranbrook and the other in Prince George, generated C$5.4 million in annualized […]

Sep 29
Sellers showing signs of panic on the NYSE, but that’s not necessarily a buy signal

Sellers on the New York Stock Exchange (NYSE) are exhibiting panic-like behavior, according to the Arms Index, which is a volume-weighted breadth measure. The Arms (or TRIN) tends to rise above 1.000 when the stock market falls, as the ratio of declining volume to advancing volume exceeds the ratio of the number of declining stocks […]

Sep 29
EIA data show a bigger-than-expected weekly climb in U.S. natural-gas supplies

The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies rose by 103 billion cubic feet for the week ended Sept. 23. That compared with the average analyst forecast for an increase of 93 billion cubic feet, based on a survey conducted by S&P Global Commodity Insights. Total working gas stocks in storage […]

Sep 29
Dow falls 300 points as stocks open sharply lower to resume selloff after Wednesday bounce

Stocks opened lower on Thursday, giving back a chunk of the previous session’s bounce, as Treasurys saw a resumed selloff that pushed yields back up. Stocks rose sharply Wednesday, ending a six-day losing streak that had sent the Dow Jones Industrial Average and S&P 500 to their lowest closes since November 2020. The bounce came […]

Sep 29
Biden, DeSantis speak on Thursday morning about response to Hurricane Ian

President Joe Biden and Republican Gov. Ron DeSantis of Florida spoke on Thursday morning about “steps the Biden-Harris Administration is taking to support Florida in response to Hurricane Ian, including the issuance of a Disaster Declaration this morning,” the White House said in a statement. Biden told DeSantis, who is seen as a potential 2024 […]