U.S. stock index futures were little changed during overnight trading on Monday after the major averages started the week in the red as Covid omicron fears hit sentiment. Futures contracts tied to the Dow Jones Industrial Average gained 45 points. S&P 500 futures were up 0.11%, while Nasdaq 100 futures were 0.08% higher. During regular […]
Though it briefly popped above $50,000 on Sunday, the price of bitcoin retreated at the start of the week. The largest cryptocurrency by market value is trading at around $47,358 as of Monday afternoon, according to Coin Metrics. Other top cryptocurrencies are also down, including ether, the second-largest cryptocurrency. Ether is currently trading at around […]
The National Iranian Oil Company (NIOC) will change from January 1 the benchmark against which it prices its crude for Europe and the Mediterranean—a move which traders tell Argus could signal Iran’s intention to return to exporting its oil to Europe. As of January 1, 2022, the state-controlled oil firm of the Islamic Republic will […]
Apple (NASDAQ:AAPL) sprung to life on Tuesday, Dec. 7, after Morgan Stanley analyst Katy Huberty painted a $200 price target on the stock that sent shares of the tech titan to an all-time high closing price of $171.18. Huberty increased her Apple price target from the earlier level of $164, citing an increase in iPhone […]
Stock futures rose early Monday after the S&P 500 notched its best week since February at a fresh record close, rebounding from a big sell-off triggered by fears of the omicron coronavirus variant. Dow Jones Industrial Average futures traded 90 points higher. S&P 500 futures inched up 0.24% and Nasdaq 100 futures were up 0.24%. […]
Institutional Investor hall of famer Rich Bernstein is a market bull whose playbook excludes some of Wall Street’s most popular groups. He blames a risky see-saw dynamic playing out in the marketplace. “On one side, we have all that I would call the bubble assets: tech, innovation disruption, cryptocurrencies,” the Richard Bernstein Advisors CEO and […]
Scalability on the Ethereum (ETH) network has been a point of contention within the cryptocurrency ecosystem for years, primarily due to high fees and network congestion during periods of peak demand. The latest solution to emerge as the final fix to Ethereum’s scalability woes are Zero-knowledge rollups (ZK rollups), a form of scaling that runs […]
The U.S. shale industry first went on a consolidation spree back in 2015 when prices tanked after Saudi Arabia turned the taps on full in response to growing shale output. Since then, the consolidation has continued, although unevenly. But it is about to get an additional spur. According to industry executives, the recent jump in […]
Market participants are trying to make sense of the recent stock market volatility. They want to know why it happened, why was there a significant drop in so many growth stocks, and was this recent sharp pullback just a shakeout before a year-end rally or the start of a bigger correction? Of course, no one knows […]
Many institutional investors are predicting a major correction in the cryptocurrency market next year, a survey published by Natixis Investment Managers shows. Despite seeing crypto as the top contender for a major correction, institutional investors are increasingly warming up to the asset class. Institutional Investors See Crypto as Top Contender for Major Correction Natixis Investment […]
The nonfungible token (NFT) market is hot right now, and the future forecasts that it will only be getting hotter. The creation of the Metaverse opens the gateway for NFT luxury brands to reach $56 billion by 2030. As the production of NFTs continues to create new forms of fashion consumption, more and more premium brands are jumping on […]
Stock Markets Fears concerning the possible fallout from the omicron variant of the SARS Cov-2 virus appear to have calmed down during the week as markets rebounded decisively, reversing two weeks of losses. The S&P 500 charted its best weekly gain since early this year, as most of the benchmark indices trod close to their […]
