U.S. stock indexes remain higher in final hour of trading
The three major U.S. stock indexes recovered some ground on Monday after suffering their worst week of 2023. The Nasdaq Composite rose 0.7%, the Dow industrials climbed 0.3%, and the S&P 500 advanced 0.4%. The rebound came as investors questioned the latest U.S. data that showed stubbornly high inflation. The U.S. economy has been on […]
USD/CAD ignores Oil price recovery as bulls approach 1.3600 ahead of Canada GDP
The USD/CAD currency pair has been steadily climbing in the market, reversing the week-start pullback from the monthly top. This can be attributed to the cautious optimism that has been underpinning the WTI crude oil rebound, despite the sluggish session. This optimism is due to the easing of US-China tensions, as well as the hopes […]
Acadia Healthcare shares fall on mixed-bag results, forecasts
Acadia Healthcare Co. Inc., a health-clinic operator, reported fourth-quarter net income of $63.1 million, or 67 cents a share, compared with $71.5 million, or 77 cents a share, in the same quarter in 2021. Revenue came in at $675.3 million, compared with $593.5 million in the prior-year quarter. Excluding income from a provider relief fund, […]
Bitcoin Stays Rooted Near $23.5K
Good morning. Here’s what’s happening: Bitcoin continues to remain rooted near the $23.5 threshold, while Ether and many other major cryptos trade flat. China-based developers can interact with layer 1 blockchain Coinflux, but the protocol’s relationship with the country remains complicated. Bitcoin (BTC) was recently trading at $23,481, roughly flat over the past 24 hours, […]
Sits quietly on bull’s radar around 1.0600
The EUR/USD pair has been trading in a volatile manner in recent weeks, with the Euro bulls taking a break around the 1.0600 level on Tuesday after posting the biggest daily gain in nearly a month the previous day. This marks the first monthly loss for the pair in five months. The EUR/USD pair’s sustained […]
Robinhood’s crypto business received SEC subpoena
Robinhood Markets Inc. disclosed in a filing late Monday that it had received a subpoena from the U.S. Securities and Exchange Commission (SEC) in December regarding its cryptocurrency listings, custody of cryptocurrencies, and platform operations. The SEC’s inquiry came shortly after FTX Trading Ltd. and other crypto companies filed for bankruptcy. In the filing, Robinhood […]
Voyager transferred $154 million USDC off Coinbase this month, Arkham Intelligence says
Voyager, the popular digital asset broker, is in the middle of bankruptcy proceedings, and on-chain data shows that the company’s assets are on the move. According to transaction records, around $154.4 million worth of USDC was transferred from Coinbase to the shuttered exchange’s “Voyager 1” Ethereum wallet this month. Web3 analytics firm Arkham Intelligence confirmed […]
White House scales back plans to regulate US investments in China – Politico
Despite deteriorating relations between the United States and China, US President Joe Biden is expected to forgo any new restrictions on American investment in the country, according to a Monday report from Politico. The news was based on the knowledge of five anonymous people on Capitol Hill and K Street, who said the White House […]
Hims and Hers stock rallies after Q4 beat, subscriber data
Shares of Hims & Hers Health Inc. (HIMS) rose more than 9% in the after-hours session on Monday after the telehealth company reported better-than-expected fourth-quarter results. The company posted a loss of $10.9 million, or 5 cents a share, in the quarter, compared to a loss of $31.2 million, or 15 cents a share, in […]
Axelar Introduces Virtual Machine For Developers Building Cross-Chain Crypto Apps
Axelar, the blockchain network that helps developers build cross-chain crypto apps, is expanding its product suite with the introduction of Axelar Virtual Machine (VM) – a generalized environment for building interconnected blockchains. The introduction of the VM is a step forward in the mission of making it easier for developers to build and deploy decentralized […]