(Bloomberg) — Stocks in Asia slumped the most since the Aug. 5 rout, tracking a selloff in US peers driven by a plunge in Nvidia Corp. Most Read from Bloomberg …
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Cryptocurrency News
Stocks that have underperformed are poised to catch up if the latest jobs data is strong, Morgan Stanley says
by skolnesMike Wilson, Morgan Stanley’s chief US equity strategist.Bloomberg TV The next jobs report could further broaden the stock rally beyond tech, Morgan Stanley says. The firm expects an additional 185,000 …
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Bitcoin News
Wazirx Fast-Tracks INR Withdrawals but Users Face 6-Month Crypto Trading Delay
by skolnesIndian crypto exchange Wazirx has accelerated Phase 2 of INR withdrawals after a cyberattack on July 18. Initially scheduled for Sept. 9, eligible users can now withdraw up to 66% …
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Cryptocurrency News
The stock market chaos sparked by the yen last month could resume as rates rise in Japan, SocGen says
by skolnesJapan’s central bank looks poised to keep raising rates, according to SocGen’s Albert EdwardsAFP Contributor Turmoil from the yen carry trade unwind could continue anew, according to SocGen. Analysts pointed …
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By Rae Wee SINGAPORE (Reuters) – Asian shares and global stock futures fell on Wednesday in the wake of a tech selloff, while the dollar and yen rose on safety …
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Altcoin
Trader Explains Why Memecoins Are Seeing Massive Trader Interest, Likens Segment to DeFi and NFTs of 2020 Cycle
by skolnesA closely followed trader is offering his two cents on why he thinks memecoins have exploded in popularity among crypto traders. Pseudonymous analyst Jack Sparrow tells his 251,000 followers on …
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Cryptocurrency News
Nvidia is flashing a sell signal and its huge rally marks the peak of a 40-year market cycle, veteran strategist says
by skolnesGetty Images; Chelsea Jia Feng/BI Nvidia’s stock is flashing a sell signal, says strategist Bill Blain. Blain cites Nvidia’s high valuation and its wealthy employees as reasons to bail. He …
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Turkey has reportedly formally requested to join the BRICS economic bloc to expand its global influence and establish new alliances beyond its traditional Western partners. Turkish President Recep Tayyip Erdogan’s …
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(Bloomberg) — The US Justice Department sent subpoenas to Nvidia Corp. (NVDA) and other companies as it seeks evidence that the chipmaker violated antitrust laws, an escalation of its investigation …
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On a down Tuesday for U.S. equities, incumbent telecom stock Verizon (NYSE: VZ) managed to land well in positive territory. On speculation that the company is about to raise its …