Crypto investors are having a mild existential crisis as demand for the young asset class dries up in the midst of a bull market. In the past month, search interest in crypto has been muted, network activity has been subdued and futures funding rates briefly went negative. Ether ETFs, which began trading a little over a month ago, have seen net outflows. Even bitcoin ETFs – which helped prices catapult to new highs in March – have logged net outflows. “The ETFs have been a smashing success, [ Donald] Trump ‘s on TV talking about the U.S. government buying bitcoin,…
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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyJared Holz, Mizuho, joins ‘Fast Money’ to talk opportunities in pharma investing following approval of Emergent Bio’s Mpox vaccine.07:042 minutes ago Source link
Even with declining mortgage rates, the number of pending home sales fell last month to the lowest level on record, a National Association of Realtors report reveals.NAR’s Pending Home Sales Index shows that the number of pending home sales dropped 5.5% in July and was down 8.5% compared with a year earlier, reaching the lowest level since the index was first established in 2001.A lot of this has to do with timing. While spring and summer are typically peak buying seasons, home sales have been muted due to persistently constrained supply and high home prices, which have pushed many would-be…
The fight against inflation was going well for the Federal Reserve and economy for much of last year and into 2024, but one important demographic remained unconvinced about the progress being made in lowering pricing: small business owners.Now, more influential parties are coming around to a view that small businesses have been stubborn in saying is closer to the on-the-ground truth: inflation isn’t coming down fast enough. On Wednesday, Federal Reserve Chair Jerome Powell conceded that after three months of disappointing data on inflation, there has been a “lack of further progress” this year. Market traders, who not long ago…
Aytac Unal/ | Anadolu | Getty ImagesThe monthslong Trump Media stock slide continued Wednesday, as shares of the company majority-owned by former President Donald Trump fell below $20 for the first time since the Truth Social maker went public more than five months ago.The stock price of DJT touched a low of $19.38 per share around midday, marking a drop of more than 75% from its intraday high on March 26, the day the company debuted on the Nasdaq stock exchange.Trump Media ended Wednesday’s trading session down more than 4% at $20.10 per share.Stock Chart IconStock chart iconTrump Media stock…
Ukrainian soldiers prepare a vehicle adapted to fire helicopter shells on Aug. 19, 2024. Anadolu | Anadolu | Getty ImagesWaves of Russian drones and missiles assailed Ukraine on Tuesday and killed at least five people, Ukrainian authorities said, in the second day of Moscow’s bolstered aerial attacks against its war-torn neighbor.Ukraine’s air force said it shot down five cruise missiles and 60 Iranian-made Shahed drones launched by Russian forces in areas including the Ukrainian capital of Kyiv and the Kherson, Mykolaiv, Kharkiv, Sumy and Zaporizhzhia regions, according to a Google-translated Telegram post.Two people were killed in the central Ukrainian city of…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailHyatt CEO Mark Hoplamazian joins ‘Money Movers’ to discuss their plans to acquire Standard International, the parent company of the Standard and Bunkhouse Hotels brands, and what this acquisition means for Hyatt.06:02Wed, Aug 21 202412:19 PM EDT Source link
Samsung Electronics’ fourth-generation high bandwidth memory or HBM3 chips have been cleared by Nvidia for use in its processors for the first time, three people briefed on the matter said.SeongJoon Cho | Bloomberg | Getty ImagesGlobal chip stocks fell on Thursday, after U.S. chip darling Nvidia reported fiscal second-quarter results that beat analyst expectations — but disappointed traders hoping for higher growth rates.While Nvidia posted better-than-expected earnings with revenues jumping 122% year-over-year, this still marked a slowdown from three consecutive quarters of annual growth rates exceeding 200% previously.In Asia, South Korean chipmakers SK Hynix and Samsung Electronics — which are…
Follow live coverage of day five at the 2024 US OpenFLUSHING, N.Y. — Against the blue and green of the Billie Jean King Tennis Center courts, the yellow ball careening between two rackets stands out.That’s before you see the yellow balls up in the stands. They’re still, but they’re bigger.Thursday morning on Court 7, a small but rapt crowd watched Diana Shnaider, the No. 18 seed from Russia who is having the kind of year that makes tennis fans take notice. She was taking apart the Dane, Clara Tauson, who in 2022 was roughly where Shnaider is now before a…
Geely-backed Zeekr is releasing an electric SUV in direct competition with Tesla’s Model Y.ZeekrElectric vehicle company Zeekr announced Friday that it would launch its first SUV in China next month, undercutting Tesla’s Model Y pricing in the country by over $1,400.The Zeekr 7X, priced at 239,900 yuan ($33, 829), is the Chinese EV maker’s first midsize electric SUV and will be launched on Sept. 20.It’s the latest Chinese EV to take on Tesla’s Model Y, which has also been challenged by Xpeng and Nio. Zeekr plans to deliver the 7X globally by the end of this year. It said the…
