US equity markets reached new highs this week as weaker labor market data and a sharp drop in oil prices reduced concerns about aggressive Federal Reserve rate hikes. Payrolls declined by 23,000, wage growth slowed to its lowest since 2021, and oil prices fell 9% amid easing geopolitical tensions. This combination eased pressure on interest rates, boosting the S&P 500 by 3.5%. Real estate investment trusts (REITs) showed mixed performance, with strong earnings but some sector sell-offs, while overall REIT earnings outlook improved with many raising full-year guidance. Investors are watching for how these trends might influence future Fed policies and market stability.
Bitcoin is trading around $77,327 with minor daily gains but a weekly drop over 3%, facing resistance between $77,100 and $80,200 where long-term holders have sold significant amounts. CryptoQuant highlights $81,700 as a key level to confirm a new bu...
Spot Bitcoin ETFs experienced $462.7 million in net outflows from September 8 to 11, reversing nearly half of the previous week's inflows. This shift coincides with markets pricing in an 87% chance of a 25-basis-point rate hike at the upcoming Septem...
Visa reported better-than-expected Q3 results, with net revenue up 14%, earnings per share rising 11%, and free cash flow reaching about $6.14 billion. The company is expanding its value-added services and forming strategic partnerships to diversify ...
Tom Lee, co-founder of Fundstrat, states that Ethereum is becoming the key settlement layer for Wall Street and artificial intelligence (AI) applications. Despite a broader crypto market pullback, Ethereum has outperformed most major cryptocurrencies...
Mondelez International has opened a $22 million chocolate crumb production facility in Shah Alam, Malaysia, reducing supply-chain lead time by at least two months for a key Cadbury ingredient. This local production replaces imports from Australia and...
