Author: News Room
© Reuters. By Liz Moyer Investing.com — Stocks were weighed down on Monday by fears of more Federal Reserve interest rate hikes after Friday’s relatively strong report on jobs. Here are the market movers for April 10. Micron Technology Inc (NASDAQ:) shares rose 8% after chip-making rival Samsung (KS:) said it was cutting production to optimize its manufacturing operations. The announcement also boosted shares of storage device maker Western Digital (NASDAQ:), up 7.6%. AMC Entertainment Holdings Inc (NYSE:) shares jumped 7% after a better-than-expected box office sales weekend for the Super Mario Brothers Movie, by Comcast’s (NASDAQ:) Universal and Nintendo.…
Oil futures rose slightly Wednesday as investors awaited a closely watched round of U.S. inflation data and the latest official update on crude inventories after industry figures were said to show an increase in stocks. The U.S. benchmark, West Texas intermediate crude, ended Tuesday at its highest since Jan. 23.Price actionMarket drivers Crude… Read the full article here
Low-income people, despite often being seen as one of the groups that would benefit the most from financial-literacy programs, are typically aware of their money problems. Yet every April — once designated National Financial Literacy Month, and now called National Financial Capability Month — they’re met with well-meaning lessons and resources… Read the full article here
While Coinbase Global should benefit from a big upgrade to the Ethereum blockchain network this week, there is a risk: The part of the business that stands to gain has already attracted scrutiny from regulators. Even though Bitcoin prices just surged past $30,000 for the first time since June, the attention of many crypto traders is on Ether, the second-largest digital asset and the token underpinning the Ethereum blockchain network. Ethereum’s overhaul, known as the Shanghai upgrade, is the biggest change to the ecosystem since the Merge last year. In the Merge, Ethereum was transformed from an energy-intensive “proof of…
Netflix is going through a period of change, and that could cause its coming earnings to leave investors wanting more. One Citi analyst says now is not the time to panic. Netflix (ticker: NFLX) is scheduled to report first-quarter earnings on April 18. Investors are going to look for clarity on the company’s next steps regarding rules on password sharing, global price cuts, and the success of the new, lower-priced subscriber tier that features adverts. In November, Netflix launched its ad-tier to users in the U.S. This gives subscribers the option to stream their favorite shows, such as Bridgerton, with…
Republican Sen. Lindsey Graham said Tuesday he had a “very productive” meeting with Saudi Crown Prince Mohammed bin Salman, whom he previously criticized following the murder of journalist Jamal Khashoggi. “I just had a very productive, candid meeting with the Saudi Crown Prince and his senior leadership team. The opportunity to enhance the U.S.-Saudi relationship is real and the reforms going on in Saudi Arabia are equally real,” Graham tweeted. Graham, in a three-part tweet, said he looked forward to working with the Biden administration and Congress to “see if we can take the U.S.-Saudi relationship to the next level,…
Wall Street stocks gained ground and Treasuries rallied on Wednesday after closely watched US inflation data fell slightly more than expected, easing pressure on the Federal Reserve to keep raising interest rates. The benchmark S&P 500 rose 0.6 per cent in early trade, with technology and basic material stocks among the best performers. The tech-heavy Nasdaq Composite added 0.7 per cent shortly after the New York open. The moves in equity markets came as traders reacted to the latest US consumer price index report from the Bureau of Labor Statistics. Data on Wednesday showed headline annual inflation slowing from 6…
Investment Thesis Meta Platforms, Inc. (NASDAQ:META) has substantially outperformed the market, returning more than 130% in the past five months, and while some investors might rush to book profits, I see a prolonged bull run for the stock throughout 2024. I maintain a sizable position in META in my personal and model portfolios, with no plans to sell anytime soon as my strong bullish rating is reaffirmed. My target price for the stock is $300 for the next 12-18 months, supported by valuation tailwinds due to positive developments with the TikTok case, increased efficiency from the leaner business model, and…
Watch full video on YouTube
As investors are intensifying their efforts to move crypto to personal wallets, market observers interpret the latest trend as an indication of a lower ‘sell pressure’ on bitcoin (BTC), according to a recently drafted note by analysts from Bank of America (BofA). During the week through April 4, a period which showed the second-largest net BTC outflow from cryptocurrency exchanges this year, a net $368m worth of the top crypto was transferred to personal wallets, BofA strategists Alkesh Shah and Andrew Moss wrote in a note obtained by Bloomberg.“Investors transfer tokens from exchange wallets to their personal wallets when they intend…
