The bull market in the S&P 500 (^GSPC) began two years ago and is showing few signs of slowing. Backed by the rise of artificial intelligence euphoria and a surprisingly resilient US economy, the S&P 500 has gained more than 60% in the past two years and is hovering near an all-time high. Wall Street […]
Asia-Pacific markets mostly rose Monday, as investors assessed China’s weekend press briefing and awaited a slew of economic data this week from the region. Mainland China’s CSI 300 rose 1.9% to close at 3,691.3, following a choppy trading session. Hong Kong’s Hang Seng index slipped 0.9% as of its final hour of trade. Both indexes swung between […]
Bitcoin (BTC) jumped above $64,000 in Asian hours Monday on the back of renewed hopes of a China stimulus and increased demand in certain bitcoin-based assets, leading a crypto majors move higher. BTC added 2% in the past 24 hours, data shows, with majors ether (ETH), Solana’s SOL rising 3%. XRP and BNB Chain’s BNB remained flat. The […]
Bitcoin BTC$64,937 recovered sharply from the drop below $60,000 during the week, but the buyers are struggling to sustain the higher levels. Buying on dips and selling on rallies signals the formation of a tight range in the near term. A minor positive is that lower levels are showing solid demand. After three days of outflows, United […]
Hamers, who left UBS last year, has also acquired a stake in Arta, joining a host of early stage investors, including former Google chief Eric Schmidt. Led by former Google vice president Caesar Sengupta, Arta emerged from stealth in 2022 promising to bring the kind of financial tools and products normally reserved for the ultra-wealthy […]
Founded by a group of industry veterans, Waave taps open banking to offer Australians a Pay by Bank alternative to cards. Last year, the firm secured $4.7 million in seed funding. The deal comes shortly after Banked entered Australian through a partnership with NAB and gives the UK firm access to a major client in […]
JPMorgan Chase posted third-quarter results that topped estimates for profit and revenue as the company generated more interest income than expected. Here’s what the company reported: Earnings: $4.37 a share vs. $4.01 a share LSEG estimate Revenue: $43.32 billion, vs. $41.63 billion estimate JPMorgan said profit fell 2% from a year earlier to $12.9 billion, while revenue climbed 6% […]
Several hundred “underperforming” 7-Eleven locations across North America are closing, the convenience store announced. Seven & I Holdings, the chain’s Japan-based parent company, revealed in an earnings report Thursday that 444 locations of 7-Eleven are shutting down because of a variety of issues, including slowing sales, declining traffic, inflationary pressures and a decrease in cigarette […]
Gold rose over 1% on Friday after fresh US inflation data cemented the prospects of more interest rate cuts this year, while safe-haven demand stemming from geopolitical tensions also lifted bullion. Spot price gained 1.1% to $2,659.98 per ounce by 12:30 p.m. ET, erasing a weekly decline that followed last month’s record-breaking rally. US gold […]
Investors pushed the stocks of JPMorgan Chase (JPM) and Wells Fargo (WFC) higher Friday after third quarter results looked better than feared, a demonstration of resilience from the banking giants that points to the possibility of a soft landing for the US economy. One JPMorgan executive was even willing to connect the bank’s performance to […]
Uber (UBER) shares ticked higher on Friday after Tesla’s (TSLA) robotaxi event left investors largely disappointed. GLOBALT Investments senior portfolio manager Thomas Martin joins Market Domination Overtime to discuss the competition between the two and why Uber benefitted from the event. “Both Tesla stock and Uber reacted the way you would have expected given the […]
The CEO of Boeing told employees late Friday that the company plans to cut 10% of its total staff “over the coming months.” “Our business is in a difficult position, and it is hard to overstate the challenges we face together,” said Kelly Ortberg, who started at CEO of the troubled aircraft maker two months […]
