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“#Apple stock falls over chip shortage despite strong earnings” Apple knocked investors’ expectations out of the park with a strong second quarter earnings report Tuesday evening — but the company’s stock fell sharply on Wednesday morning as the company warned that supply constraints will hurt future sales. Apple shares were trading down about 2.8 percent…
“#Embattled software firm GetSwift to list shares in New York after fleeing Australia” If you can’t beat ’em in Australia, try ’em in New York. Logistics software provider GetSwift Technologies is listing its shares this week on New York’s over-the-counter exchange — only a few years after facing heat from Australian regulators and the press…
“#Chinese stocks extend losses amid crackdown from Beijing” Chinese stocks extended their recent losses Monday morning amid a renewed crackdown from Beijing that hit education and music-streaming companies. Chinese tutoring companies were among the hardest hit with shares of NYSE-listed TAL Education down almost 24 percent in premarket trading, extending losses from last week. The…
“# Bitcoin price weekly outlook: BTC bulls await breakout above 50-day EMA ” A four-day winning streak brought the Bitcoin (BTC) prices closer to testing its 50-day exponential moving average (~$35,115) as resistance. The wave, which was instrumental in strengthening Bitcoin’s bullish bias across 2020 as support, flipped to become a resistance during the May…
“# 3 reasons why Bitcoin price has not been able to rally back above $40K ” The ongoing story for the past couple of months in the cryptocurrency market has been confusion on whether Bitcoin (BTC) is destined for another leg down or is finally ready to break out toward new highs. Bitcoin’s price history…
“#Wall Street notches record closing high on earnings, economic strength” Wall Street gained ground for the fourth straight session on Friday, extending a rally that pushed all three major U.S. stock indexes to record closing highs as upbeat earnings and signs of economic revival fueled investor risk appetite. The S&P 500, the Nasdaq and the…
“#Snap surges, Twitter gains as stocks rise on strong earnings” Wall Street’s main indexes rose Friday, helped by megacap technology stocks and strong earnings from social media companies, while a weak sales forecast from Intel hit chipmakers amid increasing supply-chain constraints. Twitter gained 1.3 percent after it reported higher quarterly revenue growth, while Snapchat owner…
“# Decoupling ahead? Bitcoin and Ethereum may finally snap their 36-month correlation ” Anish Saxena, a New Delhi-based automobile dealer, made “incredible” profits by investing in cryptocurrencies in 2020, just as his business took a hit from the coronavirus pandemic-induced lockdown. “I had known about Bitcoin and Ethereum and dozens of other assets for years,”…
“# Bank of Russia asks stock exchanges to not list crypto-related firms ” As global cryptocurrency companies increasingly consider going public, the Russian central bank has officially recommended local exchanges to avoid crypto-related listings. The Bank of Russia issued an information letter on July 19, asking Russian stock exchanges to stay away from listings of…
“# Trading firm of richest crypto billionaire reveals buying ‘a lot more’ Bitcoin below $30K ” Bitcoin’s (BTC) painful plunge below $30,000 on Tuesday turned into a so-called “buy the dip” opportunity for Alameda Research, a Hong Kong-based quantitative trading firm and liquidity solutions firm headed by FTX CEO and founder Sam Bankman-Fried. Quantitative trader…