Zoom (ZM) shares are sinking 17% on Tuesday, despite a better-than-expected quarter on the top and bottom line. The video conferencing company’s stock is under pressure amid fears of a slowdown in virtual meetings as the pandemic eases. “It’s a little bit too much overblown in our view,” said James Fish, senior research analyst at […]
Category: Stocks Watch
Asia-Pacific stocks mixed; Bank of Korea announces rate hike
SINGAPORE — Shares in Asia-Pacific were mixed in Thursday trade as investors reacted to the Bank of Korea’s rate decision. South Korea’s Kospi dipped 0.39% after the Bank of Korea raised its policy rate by 25 basis points to 1%, a move that was largely expected by analysts in a Reuters poll. Following the decision, […]
Ripple CEO Blasts Dogecoin, Questions Its Benefit To The Crypto Market
Dogecoin has had an impact that has no doubt been felt around the entirety of the crypto space. However, whether this impact has been good or bad is still a hotly debated topic in the space. The digital asset had paved the way for cryptocurrencies that have no use cases to speak to be at […]
Cardano, Tron sink as Etoro slaps limits on both, citing ‘evolving’ cryptocurrency debate
Cryptocurrencies Cardano (ADA) and TRON (TRX) sank on Wednesday, following a decision by online trading platform eToro to delist the digital coins on its platform — a move that left crypto market watchers flummoxed. TRON tumbled by over 5% on the day, while Cardano has sold off by over 8%, according to market data. In […]
Niantic and a crypto debit card company made an AR game where you earn Bitcoin
Have you ever played Pokémon Go and thought “I wish this game let you earn small amounts of Bitcoin by engaging with internet finance memes and a cryptocurrency debit card system”? If so, I don’t believe you, but I have good news. Fold AR is a new augmented reality game from Pokémon Go developer Niantic […]
Japan drops nearly 2% in mixed Asia trading; New Zealand dollar falls after central bank announces rate hike
SINGAPORE — Shares in Asia-Pacific were mixed in Wednesday trade, with Japanese stocks leading losses regionally. The Nikkei 225 in Japan fell 1.79% while the Topix index declined 1.32%. Markets in Japan were closed on Tuesday for a holiday. South Korea’s Kospi dipped 0.44%. Hong Kong’s Hang Seng index sat fractionally lower while mainland Chinese […]
Ripple seeing ‘good progress’ in SEC case over XRP, outcome expected next year
Fintech company Ripple is making great strides in its legal feud with the U.S. Securities and Exchange Commission, CEO Brad Garlinghouse told CNBC on Monday. Garlinghouse said he expects the case, which centers on XRP, the world’s seventh-biggest cryptocurrency, will likely reach a conclusion next year. “We’re seeing pretty good progress despite a slow-moving judicial […]
Is the Bull Market in High-Growth Nasdaq Stocks Over?
Stock markets have turned volatile during the Thanksgiving holiday week, and that’s created a rift on Wall Street. Although some major benchmarks are holding up well, the Nasdaq Composite (NASDAQINDEX:^IXIC) has been down fairly sharply for two days in a row. Just before noon ET on Tuesday, the Nasdaq was down more than 1%, bringing […]
Home sales rose in October as investors rushed into the market
Sales of previously owned homes in October rose 0.8% to a seasonally adjusted annualized rate of 6.34 million units, according to the National Association of Realtors. Sales were 5.8% lower than October 2020. October of last year was the cyclical high in the market. This measure represents closed sales for existing single-family homes and condominiums […]
Why a Stock Market Crash Could Make You Richer
The Shiller PE Ratio — a valuation metric that measures the price of the S&P 500 against cyclically adjusted earnings from the previous 10 years — currently sits at 39, the second-highest multiple in history. When was the Shiller PE ratio higher? Right before the dot-com bubble burst in 1999. Of course, there is no […]
Long-term Bitcoin holders at multi-year high: Glassnode
Glassnode’s latest weekly on-chain report indicated that long-term holders of Bitcoin (BTC) are at a multi-year high and markets are not yet saturated with profit-taking. These long-term holders (LTH) appear to be reducing their spending while continuing to add to their positions, according to the Nov. 22 report by analytics provider Glassnode. The analysis delved into Spent […]
Analysts pinpoint bull and bear scenarios as Bitcoin price dips below $56K
Cooler heads are calling for a collective deep breath and a step back to see the long-term outlook for the future of Bitcoin (BTC) price and the wider crypto market, but today’s drop back under $56,000 is raising eyebrows among traders. Data from Cointelegraph Markets Pro and TradingView shows that after starting the week near $60,000, several days of […]