Cryptocurrency exchange FTX saw its valuation soar to $32 billion in a new funding round announced on January 31, underscoring continued appetite for the sector. The Bahamas-based company raised $400 million in a Series C funding round – its third round in the past nine months for a total of $2 billion in venture capital
Month: February 2022
Dollar rebounds broadly in early US session after stronger than expected CPI data. Treasury yields also surged with 10-year yield marching higher. 2% level for 10-year yield is getting closer. Stocks on the other hand, take some beating on concerns of a more aggressive Fed. For now, selloff is concentrating on Yen and Swiss Franc.
BOE’s Bailey is speaking but his comments are not focused on economy or monetary policy. GBPUSD on the daily chart is trading to a new month high Meanwhile the GBPUSD is trading near highs for the day and in the process has now taken out the February high price of 1.3627. Looking at the
The major indices are giving up some of their gains from yesterday. Recall from yesterday the: Dow industrial average up 305.26 points S&P index up 65.64 points NASDAQ index up 295.93 points Russell 2000 up 38.12 points Near the open today, the major indices are now showing Dow industrial average -250 points or
NEW DELHI: Gold prices were trading flat, held in a tight range on Thursday. Investors awaited U.S. inflation data that could offer fresh clues about the pace of the Federal Reserve’s monetary policy tightening. Russia has increased military capabilities along its border with Ukraine and in Belarus, according to the Pentagon. Ukraine believes there is
November 30, 2021: OnPoint NYC has opened two supervised drug injection sites in the Harlem and Washington Heights neighborhoods in an effort to address the increase in overdose deaths. (Photo by Yuki IWAMURA / AFP) (Photo by YUKI IWAMURA/AFP via Getty Images) Yuki Iwamura | AFP | Getty Images Fatal opioid overdoses are thought to
In this article TWTR A person in a mask walks by the New York Twitter offices after they announced they will close their re-opened offices effective immediately in response to updated CDC guidelines during the outbreak of the coronavirus disease (COVID-19) in Manhattan, New York City, U.S., July 29, 2021. Andrew Kelly | Reuters Twitter
Gold takes the bids to refresh intraday high, extends four-day uptrend around fortnight top. US T-bond yields regain upside momentum as White House, Fedspeak propels US CPI chatters. High hopes from US inflation keep the risk of disappointment on table, suggesting further advances. Gold Price Forecast: Broad dollar’s weakness makes gold shine Gold (XAU/USD) buyers
An organization that supports communities in times of need employs the helping hands of crypto to open the doors for a “broader swath of philanthropists.” Powered by charity provider The Giving Block, Corazón Latino is set to accept Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and many other cryptocurrencies to help its goals of reconnecting communities
While US stocks staged a strong rally overnight, Asian markets turned mixed. Investors are holding their bets ahead of US CPI data. Australian Dollar remains the strongest one for the week, followed by Kiwi. Loonie also regained some ground with help from the stabilization in oil prices. On the other hand, Yen is currently the
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The major US indices are all closing higher on the day and near session highs. The Dow is up for the third consecutive day The Russell 2000 is up for the fourth consecutive day the Dow is closing 2.8% from its record high close S&P is closing 4.4% from its record high close(4.8% from
How we got here: APAC headlines (read from the bottom up for the chronology) It was a bit of a placeholder session for APAC here today as markets awaited the US inflation report due later. There is a preview in the bullets above and more will follow. There was news regarding the Canadian protests further
Feb 10: Gold prices were stuck in a tight range on Thursday as investors awaited U.S. inflation data that could offer fresh clues about the pace of the Federal Reserve’s monetary policy tightening. FUNDAMENTALS * Spot gold was steady at $1,833.26 per ounce by 0113 GMT, hovering close to Wednesday’s high of $1,835.60. U.S. gold
A sign advertising an open house in Corona Del Mar, California. Scott Mlyn | CNBC Mortgage rates have been rising since the start of the year, but buyers at first seemed unfazed, some even rushing to get in before rates moved higher. Now buyers are pulling back. Mortgage applications to purchase a home dropped 10%
In this article DIS Bob Chapek, CEO of the Walt Disney Company and former head of Walt Disney Parks and Experiences, speaks during a media preview of the D23 Expo 2019 in Anaheim, California, Aug. 22, 2019. Patrick T. Fallon | Bloomberg via Getty Images Disney is set to report earnings for its fiscal first
EUR/USD adds to weekly losses, refreshes intraday low. US Treasury yields remain strong, stock futures drop as draft for EU Economic Forecasts reject inflation fears. White House comments, Fedspeak add to market’s indecision ahead of the key data. Details of EU Quarterly Economic Projections, US CPI will be crucial for fresh impulse. EUR/USD consolidates the
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