Last week, cryptocurrencies had net inflows but outflows on Friday. According to figures released on Monday by digital asset management, Coin Shares, cryptocurrency products, and ETFs attracted $184 million in net inflows last week. However, according to Coin Shares, Friday’s price decline resulted in $40 million in withdrawals. Total inflows for the year totaled $9.1 … Read More
Saudi Arabia’s national wealth fund plans to sell shares in Saudi Wealth Fund to Sell STCs up to $3.1 billion to bankroll a massive investment program to diversify the oil-dependent economy. According to a statement to the stock exchange, the National Investment Fund will sell a 5% stake in STC, the Gulf East region’s most … Read More
In the week, shareholders will be waiting for information on the Omicron version and hyperinflation. Last week, market volatility was fueled by concerns about each of these causes. The two are inextricably linked. Many people are concerned that a new wave of the coronavirus would cause a halt in consumer mobility and spending, affecting economic … Read More
Shareholders traded on macroeconomic factors rather than the Governmental Treasury’s preconceptions for stimulus spending after poor November payrolls data was released, reversing a months-long trend in which investors sold on economic fundamentals rather than the Federal Reserve’s expectations for economic stimulus. The 60-day correlation between S&P 500 e-mini futures and the Citi Economic Shock Index, … Read More
The choice of ride-hailing firm Didi Global Inc to disband from the New York Stock Exchange contributed to fears about heightened regulatory scrutiny at home and worsening Sino-US ties, sending shares of Alibaba, Baidu, JD.com, and other Chinese businesses listed in the U.S. down on Friday. Didi’s stock dropped 22.2 percent to $6.07, as the … Read More
A dramatic selloff in large technology companies drove down equities on Friday, capping a week of vertiginous financial market volatility. Investors have had a lot on their minds recently, from Federal Reserve Chair Jerome Powell’s hawkish posture to the possible impact of the omicron coronavirus epidemic on the global market. A mixed jobs data in … Read More
As firms increased hiring, a measure of U.S. services industry activity surprisingly surged in November, setting a new record high. Still, there was no evidence that supply bottlenecks were easing, and prices remained high. On Friday, the Association for Supply Chain administration said that its non-manufacturing activities index rose to 69.1 in November, up from … Read More
The U.S. Treasury Secretary, Janet Yellen, said that she hasn’t determined whether the Federal Reserve should establish a digital version of the dollar. Such a move would require widespread congressional, central bank, and White House support. In a Reuters Next conference interview, Yellen said that more research was required on the merits and downsides of … Read More
According to one money manager, recent weakness in Apple’s stock may present a once-in-a-lifetime opportunity to invest in the iPhone maker. “We truly like Apple, and we are increasing to our investment,” Victoria Fernandez, senior markets analyst at Crossmark Global Investments, said, adding that Apple’s fundamentals are “strong.” On Thursday, traders are betting against that … Read More
On Thursday, a surge in U.S. index futures faded as investors analyzed the risks posed by the omicron virus type. At the same time, European equities fell after Apple Inc.’s demand warning dampened investor enthusiasm in tech sectors. Futures Pare Gains as Stocks Fall. The S&P 500 contract retained a slight gain, while the Nasdaq … Read More
