US Treasury Yield Spikes as Investors Fear Recurring Banking Crisis
Amid the broader banking crisis, investors are still concerned about the next move of the government in terms of Federal Reserve policy.
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.
Amid the broader banking crisis, investors are still concerned about the next move of the government in terms of Federal Reserve policy.
Despite the raging impact of inflation in different economies, monetary authorities have not been sitting on their oars, rather, they have been fighting the surge through consistent interest rate hikes.
Block saw increased earnings on several fronts for Q1 2023 due to the success of its other businesses, including Cash App and Square.
Apple iPhone sales surprised the Street. Despite the smartphone market shrinking by 15%, Apple managed to pull off strong sales numbers for iPhones.
According to the chief investment officer at Coinbase, the crypto firm is venturing into the derivatives market in order to better serve the international customer base.
Despite the success of Kenvue’s IPO, Johnson & Johnson remains under allegations that some of its talc products are cancerous.
Microsoft and AMD are working on an artificial intelligence (AI) chip with a code name Athena.
The demise of several United States regional banks including PacWest has come amid the rise of top banks – like Bank of America, and JPMorgan – and Fintechs – like Binance, and Coinbase Global.
On Thursday, the ECB increased interest rates for the seventh consecutive time, with the latest figure aligning with analysts’ predictions.
In 2022, the Big Oil companies, including TotalEnergies, ExxonMobil, Chevron, BP, and Shell smashed their previous year’s earnings.
Los Angeles-based PacWest is considering several strategic options, including a sale, amid a banking crisis-induced stock plunge.
Amid the unfolding banking crisis and interest rate hikes, Bitcoin has been showing strong resilience attempting another breakout above $30,000.
Apple expects a 5% drop in revenue amid sluggish sales for Mac and iPad. The Street expects the Apple board to authorize $90 billion worth of buybacks and share repurchases.
Chegg is optimistic it can turn things around with its upcoming Cheggmate beta, an AI-focused student learning platform.
Amid the banking crisis emerging in the market, the US economic environment looks extremely fragile.