Shares of home builder Lennar Corporation (LEN) are falling more than 4% Friday morning after reporting lower profit as well revenue in the third quarter. Net earnings in the third quarter were $1.109 billion, or $3.87 per share, lower than $1.467 billion, or $5.03 per share in the same quarter a year ago. Excluding one-times, earnings were $1.1 billion or […]

Hints of the European Central Bank halting its rate hikes helped boost sentiment across markets. Readings of industrial production and retail sales from China that surpassed expectations also added to the positive sentiment. Markets are also overwhelmingly expecting the Fed to skip a rate hike in September. Wall Street Futures are trading in positive territory. European equities continued to reflect […]

In recent days, Bitcoin has shown signs of a potential reversal, with the cryptocurrency charting three consecutive green daily candles. The last time such a pattern was observed was early July and between mid and late June, when Bitcoin rallied from just under $25,000 to over $31,000. This shift in price dynamics has led to a change in market sentiment, […]

The co-founder of the popular cryptocurrency exchange BitMEX has recently suggested that the price of the flagship cryptocurrency Bitcoin ($BTC) could surge if central banks keep on raising interest rates. In a recently published blog post, Hayes challenged the deep-seated belief linking Bitcoin’s price performance to interest rates, saying central banks and governments are in a precarious position as they […]

Disappointment surrounding the more-than-expected increase in headline inflation in the U.S. disappeared as core inflation increased only on expected lines, reinforcing expectations of the Fed skipping a rate hike in September. Markets now await the interest rate decision by the European Central Bank as well as the updates on producer price inflation and retail sales from the U.S. due early […]

The vice president of a major cryptocurrency mining firm, Canaan, has recently revealed that the price of the flagship cryptocurrency Bitcoin ($BTC) could top $100,000 after the cryptocurrency’s upcoming halving event, which will halve the block rewards miners currently receive. According to a report from Cointelegraph Canaan vice president Davis Hui, at a panel on Canaan’s Avalon Bitcoin and Crypto Day […]

Cryptocurrencies hovered near the flatline early on Wednesday amidst anxiety ahead of the inflation update from the U.S. Consumer price inflation, the prime focus of the Fed’s monetary policy has been rising in the recent months triggering anxiety among investors across markets and particularly in risky assets like cryptocurrencies. Annual headline consumer price inflation in the U.S. is seen rising […]

Shares of Cognyte Software Ltd. (CGNT) are surging more than 20% Tuesday morning after the company raised its full-year outlook. Cognyte now expects to report a loss of about $0.33 per share for the full year, narrower than $0.53 per share loss guided earlier. Revenue for the year is expected to be $307 million at the midpoint with a range […]

Cryptocurrencies staged a sharp comeback early on Tuesday after dropping to multi-month lows amidst macro-economic and industry-specific concerns. A resurgence in inflation in the U.S. and its likely influence on the Fed’s monetary policy strategy, as well as reports of FTX’s potential disposal of cryptocurrencies had dampened sentiment earlier in the trade, dragging cryptocurrencies to multi-month lows. Annual headline consumer […]