A lower October PPI suggested that inflation is abating and has triggered a rise in the S&P 500, other leading averages, and retail stocks.
Amid Silvergate Bank’s exposure to FTX, Goldman Sachs has cut down the price target and is expecting greater deposit outflows.
According to the IPO prospectus, BYD Ltd’s semiconductor unit was anticipated to raise approximately $281 million to fund various projects.
Futures tied to the Dow Jones and other leading indexes climbed significantly after reports suggested that inflation may be slowing.
By permitting companies to seek targeted growth, the expectation is that the economy will become more functional and that it may attract other global players to its shores.
Amid a gloomy global economy and slowing sales, e-commerce giant Amazon has come to a cost-cutting mode with a plan to preserve cash.
Goldman asserts that although there is a reduction in the Coinbase price target, the exchange remains insulated against the FTX fallout.
Goldman Sachs analysts highlighted key points that could contribute to lower inflation in the US by 2023.
Given the interest of multiple enterprises in expanding their operations in the region, the new policies will drive interest in Hong Kong as a financial hub.
FTX Group of companies has officially filed for Chapter 11 Bankruptcy in the United States, marking one of the darkest weeks in the history of the digital currency ecosystem.
Futures of the S&P 500 and other major indexes inch upward following a very impressive single-day rally spurring general increases.
The collapse of the FTX Derivatives Exchange has placed all regulators on the edge and White House Press Secretary Karine Jean-Pierre said the Biden administration is monitoring the development surrounding the trading platform and the broader digital currency ecosystem.
New Twitter owner Elon Musk recently sent his first company-wide email to staff, halting remote work culture.
Following the recent liquidity crisis, SEC and the CFTC have launched an investigation into the operations of FTX US and understanding its relationship with its international entity FTX.com.
The US arm of troubled company FTX is closing trading activities soon but still permits customers to make withdrawals.