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Wednesday’s Biggest S&P 500 Movers 2 minutes ago progressive United Airlines (UAL) stock soared 12.4%, making it the best performer in the S&P 500 on Wednesday after the airline announced better-than-expected third-quarter revenue and profits. Recorded. United Airlines also announced a $1.5 billion stock buyback plan. Shares of rival airline Delta Air Lines (DAL) rose 6.8%. A strong financial report also contributed to the rise in Morgan Stanley (MS) stock, which rose 6.5%. The financial services giant posted year-over-year growth in sales and profits, with net interest income (NII) increasing year-on-year and beating analysts’ expectations. Morgan Stanley also set itself…
The Ethereum MACD indicator on the 1-day chart showed a bullish divergence. Ethereum exchanges have seen a surge in outflows and open interest, suggesting bullish sentiment. The crypto fear and greed index soared to 73 after Bitcoin (BTC) rose above $67,000. Despite this bullish bias, Ethereum (ETH) has yet to register a significant rally. The largest altcoin was trading at $2,604 at press time, after falling just 0.4% in 24 hours. Ethereum is showing a bullish divergence on the daily chart. The moving average convergence divergence has turned positive. Additionally, the MACD histogram bar turns green and increases in size,…
The ongoing legal battle between cryptocurrency payments company Ripple and the U.S. Securities and Exchange Commission (SEC) took another big step this week. The parties are preparing to take the appeal process to the next stage. This development could have far-reaching implications not just for Ripple, but for the XRP price and the crypto industry as a whole. Next developments and key deadlines for Ripple and SEC litigation According to Fox Business journalist Eleanor Terret, today is an important day for the future development of the Ripple vs. SEC legal battle. Pursuant to the court’s direction, the final deadline for…
Blockchain lending protocol Radiant Capital lost more than $50 million Wednesday as a result of an apparent cyber attack, according to security experts and blockchain data.Security experts say the attackers took control of Radiant Capital’s blockchain contracts by obtaining three of the “private keys” that control the protocol.“The Radiant Capital contract was exploited on the BSC and ARB chains using the ‘transferFrom’ function,” Web3 security firm De.Fi explained in X. This exploit allowed the attackers to “exfiltrate user funds, including $USDC $WBNB $ETH,” the company said.De.Fi said in another X post that Radiant is controlled by a multi-signature, or “multisig”…
Stanley Druckenmiller on CNBC’s Delivering Alpha, September 28, 2022.Scott Mullin | CNBCBillionaire investor Stanley Druckenmiller said Wednesday that his decision to sell Nvidia this year was a “big mistake.””I’ve made so many mistakes in my investment career, one of which was probably between $800 and $950, that I lost all of the NVIDIA that I owned,” Druckenmiller said in an interview with Bloomberg. It was sold,” he said. “I don’t own anything and I didn’t own the last 400 points.”Druckenmiller’s comments do not reflect Nvidia’s 10-for-1 stock split that took effect in June. The stock’s closing price on Wednesday was…
The major virtual currency, Bitcoin BTC/USD, reached a new high in March 2024, and it is likely to head for even higher prices in the run-up to the 2024 presidential election. Here, we take a look back at Tesla Inc. TSLA’s crypto purchases and how investors could have profited by following the electric car company’s lead. What Happened: MicroStrategy may have led the way by adding Bitcoin to its balance sheet and holding the major cryptocurrency since 2020, but Tesla also disclosed to investors in February 2021 Not far behind with purchases made in January 2021. Tesla announced on February…
On Wednesday, video game developer FractureLabs filed a lawsuit against cryptocurrency market maker Jump Trading. The lawsuit, reported by Bloomberg, accuses Jump of “fraud and deception” in connection with manipulating the price of DIO tokens, which are an integral part of FractureLabs’ online game Decimated. DIO token surge and collapse The complaint details that in 2021, FractureLabs intended to raise funds through an initial offering of DIO tokens on the Huobi exchange, which was renamed HTX. As part of this project, FractureLabs has engaged Jump Trading as a market maker for the DIO token. The deal included a loan of…
Stocks rose on Wednesday as traders took in some positive corporate earnings reports. Morgan Stanley and United Airlines beat expectations, sending their shares up 7% and 14%, respectively. Semiconductor stocks were reeling after a sharp selloff on Tuesday, with all eyes on TSMC as it prepares to report earnings. Thank you for registering! Access your favorite topics in a personalized feed on the go. Download the app By clicking “Sign Up”, you agree to our Terms of Service and Privacy Policy. You can opt-out at any time by visiting our settings page or by clicking “unsubscribe” at the bottom of…
Canary Capital applies for Litecoin ETF. LTC soared 6.3% after filing. Demand from institutional investors for crypto exchange-traded funds (ETFs) is rapidly increasing, and Canary Capital is poised to take full advantage of this momentum. On October 15, the investment management company filed an S-1 application with the U.S. Securities and Exchange Commission (SEC) to launch the first Litecoin (LTC) ETF. This application represents the first step in the regulatory process necessary for the introduction of the Fund. The next step is a 19b-4 filing, which asks the SEC to approve an exchange rule change to allow the new ETF…
Venture capitalist Arthur Chong believes the decentralized finance (DeFi) sector is in the midst of a “renaissance.” The CEO of DeFiance Capital told his 177,800 followers on social media platform X that both internal infrastructure improvements and external macroeconomic developments are driving DeFi’s resurgence. “With changes in global interest rates, risk assets such as cryptocurrencies, including DeFi, are becoming more attractive for investors seeking higher returns. The Federal Reserve’s 50 basis point interest rate cut in September sets the stage for a period of low interest rates similar to the environment that fueled the crypto bull markets of 2017 and…