Shares of online used car retailer Carvana surged Thursday amid a wild trading session.
Archiv für den Monat: Mai 2022
MicroStrategy’s bitcoin bet looks shaky as crypto market encounters turbulence
MicroStrategy, which has bet big on bitcoin over the past two years, is now underwater on its holdings of the world’s largest cryptocurrency.
Retail investors are continuing to buy the dip in tech despite recent turmoil, says TD Ameritrade
Retail investors have continued to buy the dip in the recent market turmoil, liking tech despite the sector rout, according to TD Ameritrade’s AJ Kahling.
Grayscale tells SEC that turning biggest bitcoin fund into ETF will unlock $8 billion for investors
A spot-based bitcoin ETF has eluded the industry for over five years. With an SEC deadline coming up, will Grayscale finally break through?
Stocks making the biggest moves premarket: Twitter, Affirm, Robinhood and more
These are the stocks posting the largest moves before the bell.
World’s biggest stablecoin regains dollar peg after $3 billion in withdrawals
The collapse of another so-called stablecoin called terraUSD had shaken crypto investors‘ confidence in tether.
Dow climbs 200 points, S&P 500 adds 1% as it tries to dodge a bear market
The S&P 500 is more than 18% from its all-time high, putting it within striking distance of an official bear market.
Powell says he can’t guarantee a ’soft landing‘ as the Fed looks to control inflation
Federal Reserve Chairman Jerome Powell warned Thursday that getting inflation under control could cause some economic pain but remains his top priority.
Federal Reserve Chair Jerome Powell confirmed by Senate for a second term
The Senate on Thursday voted to give Powell a second four-year run at the central bank’s helm.
ForexLive European FX news wrap: Dollar lightly lower, risk bounces
Headlines:Risk keeps in a more positive spot so far on the dayElon Musk says Twitter deal put on hold, shares down 17% in pre-marketECB’s Centeno: APP should end in first few weeks of Q3, rate hike „some time after“ECB’s de Guindos doesn’t want to get sucked into July rate hike debateSouth Korea reports that North Korea appears ready for another nuclear testEurozone March industrial production -1.8% vs -2.0% m/m expectedSpain April final CPI +8.4% vs +8.4% y/y prelimFrance April final CPI +4.8% vs +4.8% y/y prelimMarkets:AUD leads, JPY lags on the dayEuropean equities higher; S&P 500 futures up 1.2%US 10-year yields up 8.5 bps to 2.90%Gold down 0.2% to $1,817.33WTI crude up 1.6% to $107.84Bitcoin up 6.6% to $30,436After the late comeback by US equities yesterday, risk appetite has improved in trading today with equities holding higher on the day.European indices are keeping gains of over 1% while US futures are also seeing similar gains with Nasdaq futures leading the charge, up 1.7% currently. That said, it still has been a rough week overall for US stocks so this is but a bit-part reprieve.The bid in bonds is also being cast aside as sellers return, after four straight days of „absence“ this week. 2-year Treasury yields are up 6.4 bps to 2.586% while 10-year Treasury yields are up 9.1 bps to 2.907%.In FX, there isn’t too much change as the dollar is sitting more mixed but mostly just giving up some light ground after its unrelenting advance this week. USD/JPY is perhaps the notable mover as it is up 0.5% to 129.00, bouncing off a drop just below 128.00 yesterday.Elsewhere, commodity currencies are the ones benefiting the most amid the improved risk mood. USD/CAD is down 0.3% but finding it tough to break below 1.3000 amid large option expiries. Meanwhile, AUD/USD is up 0.5% to 0.6890 but it doesn’t really mean much when you consider the technical picture.