Stocks have declined for four consecutive days, the longest losing streak since June, driven by a surge in oil prices and rising bond yields due to geopolitical tensions and inflation concerns. Despite headline inflation remaining high, core inflation indicators suggest disinflation, likely allowing the Federal Reserve to keep interest rates steady in the near term. Strong demand at Treasury auctions and solid earnings growth have helped prevent a major stock market downturn since April. The S&P 500 is expected to find support near 7,300, with investors optimistic about robust third-quarter earnings ahead.
Kahn Swick & Foti, LLC (KSF) has launched an investigation into Sable Offshore Corp following a court order that temporarily halted the company's oil transportation through the Las Flores Pipeline. The order stems from environmental lawsuits and has ...
MKDWELL surged nearly 52% after disclosing its acquisition of Landvision Inc., an AI smart-home company, despite shareholder dilution. ACV Auctions rose over 44% following its $1.9 billion acquisition agreement by Copart, Inc. Frequency Electronics j...
Several U.S.-listed stocks saw significant drops on Friday, led by the Daily Target 2X Long OKLO ETF (OKLL), which fell 18.38% due to amplified losses in Oklo Inc. shares. CPI Card Group (PMTS) declined 16.48% following a discounted secondary share o...
UniCredit is in early discussions to find a technology provider to develop infrastructure for digital asset trading, custody, and tokenization. This move aims to enhance its capabilities in managing digital assets securely and efficiently. The partne...
Grayscale Research reveals that while Bitcoin miners earn about $35 million daily in total compared to Zcash's $2 million, Zcash mining rigs generate roughly twice the daily revenue of Bitcoin rigs. Additionally, Zcash mining is about four times more...
