Gold futures extended losses to a sixth straight session and settled at near four-week lows on Monday, as the dollar moved higher amid hopes rising inflation will prompt the Federal Reserve to remain aggressive with regard to interest rate hikes in the coming months. Richmond Fed President Thomas Barkin said central bankers were inclined towards faster, front-loaded interest rate increases, […]

The futures were modestly higher on Thursday, after a big tech-led risk-off Wednesday. All the major indexes closed lower, with the tech-heavy Nasdaq down 1.30% and the small-cap Russell 2000 down a whopping 1.65%. Many across Wall Street continue to chalk the summer rally up to nothing more than a bear market rally. In addition, the release of the Federal […]

There seems to be a consensus among market researchers that the metaverse market should top over $1 trillion size in the upcoming years. In January, JP Morgan estimated metaverse annual revenue at $1 trillion, the same figure from last November’s Grayscale report. July’s market research from Fortune Business Insights (FBI) expects the metaverse market to balloon to $1.5 trillion by […]

New York (CNN Business)Though stocks are slipping Wednesday after weak earnings from Target, the market has still enjoyed a stunning rally since the start of July — and it looks like greed is once again the predominant emotion on Wall Street. The S&P 500 skyrocketed 9% last month and is up about another 3.5% since the beginning of August. Tech […]

New York (CNN Business)Zoom was one of the biggest beneficiaries of the work-from-anywhere trend that took hold during the height of the pandemic in 2020. But, as more people go back to the office on a regular basis, the stock has plunged. And one top Wall Street analyst thinks the worst is still yet to come. Citi analyst Tyler Radke […]

New York (CNN Business)Credit agencies know a lot about Americans. The agencies accumulate information, such as Social Security numbers, birthdays, how much savings people have, how much debt they’re in and how late they pay their bills. That data is boiled down to a number ranging from 350-800 that estimates the risk of loaning someone money. It can determine the […]

Ethereum options’ open interest (OI) rose to a new all-time high of $8 billion after Ethereum developers tentatively suggested that the date for the long-anticipated Merge may be September 15. The world’s second-biggest cryptocurrency has been on the rise in the past several weeks and crypto traders expect that trend to continue until the Merge, after which they anticipate another […]

New York (CNN Business)A New York state judge denied the Trump Organization and its former chief financial officer Allen Weisselberg’s motions to dismiss tax fraud charges during a hearing Friday. Judge Juan Merchan said he would grant a hearing to hear arguments over whether statements Weisselberg made while in custody the day of his arrest in July 2021 could be […]