Bitcoin briefly fell below $60,000 after a stronger-than-expected US jobs report caused a $1.6 billion liquidation in leveraged crypto positions, but it has since recovered above $61,000. The strong jobs data suggests the Federal Reserve is less likely to cut interest rates soon, pressuring risk assets including crypto. The liquidation mainly affected long positions, clearing overleveraged bets and potentially setting a cleaner base for Bitcoin's next move. Holding above $60,000 is now crucial to avoid further sell-offs amid ongoing macroeconomic uncertainties and ETF outflows.
Scotiabank raised its price target for Simon Property Group to $222 from $220 while maintaining a neutral Sector Perform rating. The real estate trust reported a 19.5% revenue increase to $1.79 billion in Q2 2026, with stable 96% occupancy at its U.S...
UiPath CEO Daniel Dines has sold 1.4 million shares of the company, raising $22.5 million. This move may indicate a personal liquidity event or portfolio rebalancing by the CEO. Investors might watch for any impact on the stock price or future inside...
NetEase reported Q2 2026 earnings with revenue of approximately $4.40 billion, surpassing analyst expectations of $4.33 billion, driven by a 10% year-over-year increase in its games and value-added services segment. However, earnings per share fell s...
Hims & Hers Health is under federal investigation and lawsuit for alleged deceptive billing, difficult subscription cancellations, and unauthorized sharing of health data with advertisers. Barclays lowered its price target from $39 to $35, reflecting...
Advance Auto Parts reported Q2 earnings per share of $1.03, beating estimates of $0.81, but missed revenue expectations with $2.00 billion versus $2.04 billion forecasted. The revenue miss was driven by a surprise decline in same-store sales, signali...
