Latest Market News

Aug 06
U.S. declares monkeypox a public health emergency

The U.S. has declared the monkeypox outbreak a public health emergency, according to a federal health official. The Department of Health and Human Services can declare a 90-day public health emergency that allows HHS Secretary Xavier Becerra to take additional steps and access new resources to combat public health issues. A total of 6,617 people […]

Aug 06
Goldman Calls for Caution as Bull Market is yet to be Justified by Strong Economy

According to a note from Goldman Sachs on Thursday, US equities are headed for another big sell-off if economic data fails to improve quickly to justify the latest leg of the rally. Goldman’s Cecilia Mariotti noted that “In the absence of clear signs of positive macroeconomic momentum, temporary increase in risk appetite may actually increase […]

Aug 06
VC Roundup: Lightning Network payment rail, DeFi trading platform and blockchain security firm raise millions

ZEBEDEE, Halborn, Hashflow, Socios and EtherMail headline the latest funding deals from the world of blockchain and cryptocurrency. 848 Total views 15 Total shares Even with the onset of crypto winter, 2022 has been a watershed year for venture capital funding. Crypto and blockchain companies collectively raised $30.3 billion in venture capital in the first half […]

Aug 06
Coronavirus tally: Official tally of U.S. cases seems to be falling although not all test results are being gathered

The daily average for new U.S. cases may have started to decline, but not all data are being captured as many people are testing at home. The average stood at 118,380 on Thursday, according to a New York Times tracker, down 8% from two weeks ago. The average remains close to 120,000 a day after […]

Aug 06
Lion Electric swings to profit on one-time gain, and revenue rises 77% but is shy of expectations

Lion Electric Co. LEV, said Friday that it swung to a second-quarter profit, helped by a large one-time gain, while revenue rose 77% but was a bit shy of expectations. The maker of electric urban trucks and buses said net income for the quarter to June 30 was $29.44 million, or 19 cents a share, […]

Aug 06
Bitcoin price: weekend volatility ‘expected’ with $22K level to hold

Bitcoin (BTC) rose above $23,000 again into Aug. 6 as new analysis predicted a potential surge of 20% or more. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Daily chart gives trader $30,000 target Data from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing overnight to once again sit near the top of its established trading […]