Down 80%, can DocuSign return to all-time highs? DocuSign (DOCU 0.53%) was a darling during the pandemic. It was well-positioned to facilitate online document administration when people could not meet in person. As life returned to normal, growth slowed and the stock fell hard. It lost 80% of its value and remains in a bear […]
Oil prices settled nearly one per cent higher in the previous session, with global benchmark Brent crude recording its first weekly gain in three weeks, after bullish macroeconomic data indicators from the world’s top two oil consumers – China and the US – bolstered hopes for higher demand. Brent settled 71 cents higher, or 0.9 […]
Bitcoin’s price has cemented its position slightly above its key support level of $65,000, and crypto traders believe that its formation is holding strong. Some are even doubting the speculations of a deep correction in the near future. “Bitcoin is holding up the price so strongly that I don’t think there will be a deep […]
More than 600 firms have unveiled substantial investments in spot Bitcoin exchange-traded funds (ETFs) in their 13F filings submitted to the United States Securities and Exchange Commission (SEC) over the past week. According to the disclosed data, professional investment firms have declared ownership of Bitcoin ETFs amounting to a staggering $3.5 billion. Millennium Management emerges as the […]
Shares of Coinbase dropped nearly 8% to $202.49 during U.S. morning hours on Thursday after a Financial Times report that the Chicago Mercantile Exchange (CME) might soon offer spot bitcoin trading amid strong interest from clients. Cryptocurrencies were up on the day. The CoinDesk 20 Index, which tracks 20 of the largest digital tokens by […]
Deere on Thursday trimmed its annual profit forecast for the second time and projected steeper declines in sales of large agriculture equipment, as farmers balk at buying tractors and combines due to falling crop prices. Farm income is expected to slide 25.5% to $116.1 billion this year from 2023, according to the U.S. Department of […]
Bitcoin gained 8.4% between May 15 and May 16, peaking at $66,750, which was the highest level in three weeks. Even though Bitcoin stabilized near $65,000, this price change marks a turnaround after BTC retested the $57,000 support on May 1. However, these gains were not enough to instill bullishness according to Bitcoin derivatives metrics. […]
The chorus of voices warning about the dangers of record US government debt is growing louder. In the past 24 hours, JPMorgan (JPM) CEO Jamie Dimon and Ray Dalio, founder of the world’s biggest hedge fund, have weighed in with concerns about America’s debt pile. In an interview with Sky News Wednesday, Dimon said he […]
Wholesale prices jumped more than expected in April, putting up another potential roadblock to interest rate cuts anytime soon. The producer price index, a gauge of prices received at the wholesale level, increased 0.5% for the month, higher than the 0.3% Dow Jones estimate, the Labor Department’s Bureau of Labor Statistics reported Tuesday. However, the […]
GameStop stock (GME) rose nearly 60% on Tuesday, adding to a meme-fueled rally that sent shares of the video game retailer up 74% in the prior session. The rise in GameStop was also accompanied by a spike in AMC (AMC) stock. Shares of the theater chain operator rose about 30% after gaining as much as […]
Bitcoin isn’t running alongside meme stocks as it did three years ago, although this week’s stock market action might indicate a big crypto rally is on its way. GameStop and fellow meme stock AMC Entertainment are each up more than 160% over the past two days. Meanwhile, bitcoin is little changed, down just 0.1% in the […]
The State of Wisconsin Investment Board (SWIB) reported investments in spot Bitcoin exchange-traded funds offered by Grayscale and BlackRock. In a May 14 filing with the U.S. Securities and Exchange Commission (SEC), the government entity responsible for managing Wisconsin state trust funds disclosed it held more than 2.4 million shares in the BlackRock iShares Bitcoin Trust (IBIT) […]
