Apple, Alphabet, Microsoft, Amazon and Meta Platforms have a hefty $648 billion in cash and marketable securities combined. Talk that Amazon (AMZN) – Get Amazon.com, Inc. Report is interested in buying Peloton (PTON) – Get Peloton Read more…
Cryptocurrency prices are advancing in sharp contrast to last month’s nosedive. Cryptocurrency prices were rising Monday as investors appear to have regained their confidence following last month’s nosedive. Bitcoin, the world’s most popular and largest Read more…
Key takeaways As expected, the Bank of England (BoE) raised the Bank Rate by 25bp to 0.50% and announced the beginning of “passive QT” (ceasing reinvestments of maturing bonds) last week. A major surprise was Read more…
Markets Both European and US bonds took a serious punch end of last week. In Europe it resulted from ECB’s Lagarde stopping short of formally announcing a policy U-turn. The stellar January labour report was Read more…
US stocks edge cautiously higher after gains last week. Inflation & earnings are in focus. US futures Dow futures +0.15% at 35150 S&P futures +0.27% at 4510 Nasdaq futures +0.4% at 14750 In Europe FTSE Read more…
The euro is slightly lower in Monday trading, after an outstanding week of gains. EUR/USD surged 2.71% last week, its best weekly performance since March 2020. The US nonfarm payrolls for January was a massive Read more…
Crypto’s Super Bowl advertisers include Coinbase Global, FTX and Crypto.com of the U.S. Canada’s Bitibuy also is buying an ad. The crypto world continues to march into the mainstream. Four cryptocurrency exchanges reportedly are airing Read more…
A storied resort with a controversial recent owner moves a step closer to changing hands. Las Vegas has seen its share of scoundrels and people of questionable morality own casinos. The city more or less Read more…
The scammers are sending alarming text messages to deceive investors in the Binance platform, the world’s largest crypto exchange. Hacking of firms, theft of millions of dollars of cash: The emerging world of cryptocurrencies, like Read more…
Markets prepare for ECB Lagarde as calmer tone overshadows prior rollercoaster week Moving past the previous heavy week of data, this one looks to be much quieter. The market mood is suggesting that the right Read more…