News

May 06
Descending channel pattern and weak futures data continue to constrain Ethereum price

Despite bouncing from a 45-day low on April 30, Ether (ETH) price is still stuck in a descending channel and the subsequent 9% gain over the past four days was just enough to get the altcoin to test the pattern’s $2,870 resistance. Ether/USD price at FTX. Source: TradingView Federal Reserve monetary policy continues to be […]

May 06
Nasdaq plunges 5% as stocks end sharply lower, erasing post-Fed relief rally

Stocks ended sharply lower Thursday, with the Nasdaq Composite COMP, -4.99% dropping 5% as major indexes more than wiped out gains seen the previous session in a relief rally that followed a widely anticipated Federal Reserve rate hike. Tech and other growth stocks were hardest hit as Treasury yields jumped, with the 10-year rate at […]

May 05
Bitcoin drops to $35.5K as 1,000 point Dow correction marks the worst trading day since 2020

BTC and ETH price imploded toward swing lows as the Dow tumbled by 1,000 points and the Nasdaq lost 5%, marking the worst trading day for stocks since 2020. 4417 Total views 31 Total shares Global financial markets plunged into disarray on May 5 as the Dow Jones saw a 1,063 point drop and Bitcoin […]

May 05
Bloom Energy stock falls 8% after Q1 miss

Bloom Energy Corp. BE, -6.55% stock dropped more than 8% in the extended session Thursday after the clean-energy company reported a wider-than-expected first-quarter loss and revenue was below estimates. Bloom said it lost $78 million, or 44 cents a share, in the quarter, compared with $25 million, or 15 cents a share, in the year-ago […]

May 05
Learning from the last 30 years to face the next

Speech by our Chief Executive, Nikhil Rathi, delivered at the Chartered Institute for Securities & Investment (CISI) 30th anniversary dinner. Speaker: Nikhil Rathi, Chief ExecutiveEvent: CISI 30th anniversary dinnerDelivered: 5 May 2022Note: this is the speech as drafted and may differ from the delivered version Highlights We are more resilient to the economic and geopolitical disruptions of today. Digital […]

May 05
North East Warrington Credit Union enters administration

North East Warrington Credit Union (NEWCU) Limited was placed into administration on 4 May 2022 and has now stopped trading. Mike Dillon and Andrew Poxon of Leonard Curtis Business Rescue and Recovery Limited have been appointed as joint administrators.  North East Warrington Credit Union is a financial co-operative owned by its members. It is regulated […]