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“#Ant Group’s $37 billion suspended by China” China suspended Ant Group’s $37 billion stock market listing on Tuesday, thwarting the world’s largest IPO with just days to go, in a dramatic move that left investors and bankers scrambling for answers. The Shanghai stock exchange first announced that it had suspended Ant’s initial public offering on…
“#Stock market boost from Biden win would likely fade, experts say” Don’t expect a Biden bump to become a Biden boom. While a Democratic victory in Tuesday’s presidential election could give stocks a temporary boost, market strategists say Wall Street will likely be happier with more of what Republicans have delivered. A Joe Biden win…
“#Stocks bounce as Wall Street braces for Election Day” US stocks were set to rebound from a week of deep losses on Monday as investors prepared for Tuesday’s contentious presidential election. Futures contracts tied to the Dow Jones industrial average climbed 445.00 points, or about 1.7 percent, to 26,839.00 as of 6:49 a.m. after fears…
“#Stocks drop as COVID-19 leads to market’s worst week in months” US stocks tumbled again Friday as renewed fears about the coronavirus pandemic put Wall Street on pace for its worst week in months. The Dow Jones industrial average sank as much as 127.87 points, or 0.4 percent, to 26,531.24 in early trading a day…
“# COVID-19 forces Aussie stock exchange to delay DLT overhaul to 2023 ” The Australian Securities Exchange, or ASX, has delayed its switch to blockchain for the third time, citing complications due to COVID-19 and additional feedback from stakeholders. According to an Oct. 28 update from the ASX, the exchange has officially delayed the rollout…
“#David Einhorn says tech stocks are in ‘enormous’ bubble” Technology stocks, which have surged for months during the pandemic, likely hit their top last month, hedge fund investor David Einhorn wrote on Tuesday, adding that he’s prepared for a drop by betting against more names, including second-tier companies and ones that just listed their stock….
“# Frozen out? Bitcoin price correlation to other assets still undefined ” A recent report from institutional crypto firm Fidelity Digital Assets concluded that Bitcoin (BTC) shows very little price correlation to mainstream financial assets, based on data from the past five years. Over the course of 2020, Bitcoin has gained further adoption into mainstream…
“# Wall St drives PayPal to all time high on Bitcoin news ” PayPal (PYPL) reached $215.87 on Oct. 21, a few dollars past its previous all-time high of $212.38, set on Sept. 2, 2020, according to data from TradingView. This price action came shortly after the payments company announced that it would soon be including crypto assets on its…
“#Hackers broke into nearly 2,000 Robinhood trading accounts” Nearly 2,000 Robinhood accounts were infiltrated by hackers who stole money from the popular stock-trading app’s users, a new report says. The estimate — which the financial startup has not publicly confirmed — came from an internal review of the hacking activity that looted thousands of dollars…
“#Weed stocks surge as Kamala Harris vows to decriminalize pot in debate” U.S.-listed shares of major cannabis producers surged on Thursday after Democratic vice president nominee Kamala Harris said marijuana would be decriminalized at a federal level in the United States under a Biden administration. During Wednesday night’s debate with Vice President Mike Pence, Harris…