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Although the price of Ethereum is slightly down from its all-time high at the time of writing, it is a long way up from its lowest price point of $0.4209 attained back in October 2015.
The open interest in Ether Futures has spiked by 50% while the Ethereum buy call options have also shot up significantly. More importantly, institution buying has resumed in Ethereum with its improving on-chain fundamentals.
Alphabet (GOOGL) stock enjoyed a profitable 2020 as they jumped approximately 32.77% during the year.
The Chief Financial Officer of Amazon Brian Olsavsky disclosed that the move was decided in consultation with the Board of Directors of Amazon. Andy Jassy will become a new CEO.
After a week of heavy speculative trading, the market remained optimistic on Monday with liquidity concerns alleviating. The S&P 500 registered its best daily gains since November 24, 2020.
The activities of the Reddit chatroom r/wallstreetbets may be far from over as more stocks that are being shorted by Wall Street firms may be pumped again.
Speaking about Bitcoin, Elon Musk stated that the asset “is really on the verge of getting broad acceptance by sort of the conventional finance people.”
The GameStop episode has pushed hedge funds to book billions of dollars in losses. Reports suggest that following it, hedge funds have been moving money out of the market at the fastest rate since 2014.
GameStop (GME) has baffled Wall Street with its recent move as the investors from the Reddit community behind the price pump have forced big hedge funds to square off their short positions.
The revenue growth that Apple recorded in China in the past quarter is not attributed to just the sales of its iPhone brands but also to other products that surpassed expectations.
As AMC and GameStop are in a short squeeze, the CEO of Tilray Brendan Kennedy issued a warning to the companies.
The over 642% surge in the shares of GameStop since January 12 has come as a shock to many Wall Street veterans.
The strong advertising revenue comes from Microsoft’s LinkedIn social network. This also indicates a strong uptick in advertisers’ activity leaving the pandemic woes behind.
Moderna’s top-executives have assured that the vaccine would be effective to a certain degree on the new mutations. However, they are willing to see more results under different conditions. Moderna has received a positive review from field experts as well!
Wall Street investors are optimistic about the results that big tech companies will announce ahead this week. Since all indices are currently at their all-time highs, investors are maintaining caution.