This category covers crypto market news today, including crypto index trends, major exchange data, capital flows, sentiment shifts, regulation impact and crypto’s interaction with traditional finance. Designed to help you understand the forces driving valuation across tokens, sectors and regions.
Bank of America, once expected to be a major beneficiary of rising interest rates, has faced unexpected challenges in 2023.
A new report notes that AI has brought trillions in good fortune to tech giants in the United States, like Microsoft, Apple, and Amazon.
The US stock futures were slightly down early this morning as the third-quarter earnings season gained momentum.
A leaked internal memo from CEO Spiegel revealed optimistic projections for Snap, likely relieving investors and causing shares to rise.
While experts forecast the US SEC will approve a spot Bitcoin ETF within the next six months, the BlackRock’s officials confirmed that it has not received a green light on its application.
Last week, the release of September’s Consumer Price Index (CPI) data showed a monthly increase of 0.4% and an annual increase of 3.7%.
Kokusai’s IPO appears promising and may become a reference point for new listings in the future.
The progress on the Grayscale conversion front offers a welcome degree of clarity to the ETF approval process, which had been somewhat murky.
Over the last week, GOTO stock lost about 20% in price, from 83 rupiahs per share on Monday to an all-time low of 67 rupiahs on Friday, with its market cap dropping to 80.5 trillion rupiahs from 101 trillion rupiahs.
Didi was initially listed on the New York Stock Exchange but then it was compelled to delist due to regulatory issues in China.
Out of the 1,258 job cuts, more than 750 positions are from different levels of Qualcomm’s engineering ranks. The rest of the reductions cover a broad range of roles such as internal technical staff and accounting.
Data released by the Labor Department show that CPI for September increased higher than expected, with several prices up from August.
Delta AirLines see strong demand for international travel during the fourth quarter of 2023. However, rising fuel costs can eat into the company’s profits.
This strategic investment, totaling around $65 million, translates to approximately 0.01 percentage point in each bank. The impact on the market was immediate and substantial, with shares of these major banks soaring between 2.43% and 4.73% in the early hours of Thursday.
Following the September meeting, the 10-year Treasury yield had risen to approximately 4.66% as of October 10, reflecting the expected rate increases that policymakers had indicated earlier.