October 31, 2024
Wall Street struggles for direction ahead of mega cap earnings
U.S. stock indexes were mixed, with the Dow gaining and the tech-heavy Nasdaq falling, as investors assessed a host of corporate earnings. Shares of Alphabet rose 4.1% after the company beat expectations for Q3 revenue and profit.
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October 31, 2024
BlackRock Bitcoin ETF breaks $30B
BlackRock’s spot Bitcoin exchange-traded fund has surpassed $30 billion in holdings, reflecting increasing demand for the world’s leading cryptocurrency. The world’s largest asset manager reached the mark less than 10 months after launching its Bitcoin ETF, which began trading on January 10th. The Bitcoin-Dollar pair fell 1.1% in the last session after a 1.6% intra-session […]
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October 31, 2024
Canadian dollar turns higher after hitting earlier 12-week low
The Canadian dollar strengthened modestly against its U.S. counterpart as oil prices rose and the greenback posted broad-based declines, but the loonie remained within reach of an earlier 12-week low.
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October 30, 2024
Dollar profits from Japan political uncertainty, data and US election in focus
The dollar hit three-month highs against the yen, but was little changed on the day against most majors as traders bided their time ahead of next week’s U.S. election and a slew of incoming economic data. The Dollar-Yen pair saw a minor rise of 0.2% in the last session. The Ultimate Oscillator’s is giving a […]
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October 30, 2024
Visa to lay off around 1,400 employees and contractors
Card giant Visa is planning to lay off about 1,400 employees and contractors by the end of the year, the Wall Street Journal reported, citing people familiar with the matter. About 1,000 of the cuts are expected to eliminate technology positions. Visa’s stock saw a minor rise of 0.3% in the last session. The Stochastic […]
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October 29, 2024
Gold eases as Treasury yields rise, focus on US data
Gold’s record rally took a breather, as U.S. Treasury yields and dollar gained the upper hand, while investors awaited a series of U.S. economic data due this week for cues on the Federal Reserve’s interest rate outlook. The Gold-Dollar pair saw a minor rise of 0.2% in the last session. The Stochastic indicator is giving […]
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