They did not wait long to celebrate, and especially to remind naysayers that their faith in cryptocurrencies is justified. The tremors of a bitcoin rebound have given voice to aficionados of the king of cryptocurrencies. They were quick to storm social media to express their joy and challenge skeptics. Bitcoin crossed the symbolic threshold of…
A two-alarm fire was reported at the Tesla (TSLA) – Get Tesla Inc Report plant in Fremont, Calif. on Friday. The fire has been “knocked down” according to tweets from the Fremont Fire Department. It broke out in a pile of packing materials (cardboard pallets) outside the plan buildings according the the tweets. Fremont fire authorities…
Peloton (PTON) – Get Peloton Interactive, Inc. Class A Report stock jumped by nearly 30% in after-hours trading after a Wall Street Journal report mentioned that Amazon (AMZN) – Get Amazon.com, Inc. Report might be amid the buyers eyeing a potential purchase. While the report made it clear that any potential deal is far away and may…
Capitulation refers to a panicked selloff period—either in a particular stock, an industry, or the market at large. Stubaileyphoto via Pixabay; Canva ContentsWhat Is Capitulation in Simple Terms? What Is Market Capitulation?What Causes Capitulation?How to Spot Capitulation in a Stock How Long Does Capitulation Usually Last?What Is Capitulation in Simple Terms? Traditionally, capitulate means “surrender.” When…
A day after Facebook parent Meta Platforms (FB) – Get Meta Platforms Inc. Class A Report posted disastrous quarterly results that sent shares tumbling, Amazon.com (AMZN) – Get Amazon.com, Inc. Report may be poised to reclaim some of big tech’s market valuation. Facebook’s 26% slide in the regular session took almost $240 billion of its market cap…
Updated at 8:50 am ESTWall Street will navigate a series of key S&P 500 earnings Thursday as investors look to forward projections from a host of companies amid concerns of rising inflation, Federal Reserve rate hikes and slowing consumer growth.The following is a rolling update of the key releases prior the start of trading:MERCK &…
U.S. government debt breached the $30 trillion mark Monday, hitting a new record high. And if interest rates keep rising, that number could increase in a hurry. The latest figure of $30.01 trillion represents an increase of almost $7 trillion from late January 2020, just before the Covid pandemic struck. And the total easily surpasses…
In the eyes of investors, Amazon’s performance and future prospects are viewed and interpreted in terms of the health of its cloud division. And with good reason: Amazon Web Services is the sales engine or locomotive of the e-commerce giant. In the third quarter, AWS accounted for all of Amazon’s $4.9 billion in operating income.…
Google (GOOGL) – Get Alphabet Inc. Class A Report has not yet said its last word. While its Silicon Valley rivals keep publicizing their efforts to dominate web3, the new iteration of the internet, the Mountain View, California-based company is not to be outdone, according to its CEO Sundar Pichai. “We are definitely looking at blockchain…
Updated at 4:52 pm EST U.S. stocks ended firmly higher Tuesday, following on from a wild January ride that provided the best two-day rebound for tech stocks in two years and the weakest monthly performance for the S&P 500 in more than a decade. Markets remain gripped by the wholesale re-pricing of assets amid the…
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