Asian stocks experienced significant losses on Thursday, while bond prices decreased due to expectations that global interest rates would remain higher for a longer period. Investors are closely watching upcoming inflation readings to gain insight into future monetary policy decisions.
Stock market today: Dow leads stock market slide as rising Treasury yields rattle nerves
US stocks declined on Wednesday as investors reacted to a surge in Treasury yields, which added to their existing concerns about the potential impact of recent data on interest rates.
BlackRock’s bitcoin ETF on verge of eclipsing Grayscale’s fund
lackRock is currently competing with Grayscale Investments to manage the largest amount of assets through exchange-traded funds (ETFs) that track bitcoin prices. Despite Grayscale’s initial dominance with approximately $24 billion in assets under management through its Grayscale Bitcoin Trust,
Health Insurance Stocks Sink on Medicaid Warning From UnitedHealth’s CEO
Shares of health insurers plummeted on Wednesday following a warning from the CEO of UnitedHealth Group regarding lower premium payments due to a decrease in Medicaid enrollment. During a conference in New York, CEO Andrew Witty expressed concerns about the impact of changes in Medicaid patient numbers on the health insurance industry.
Wall Street is about to see its biggest trading change in years
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The South Park jinx could be coming for high-flying weight-loss stocks
If historical patterns hold true, the recent Ozempic storyline on South Park could potentially signal a temporary peak in the stock prices of obesity drug manufacturers. It has been observed that companies prominently featured in the animated comedy often experience a decline in their stock performance the following year. According to Spectra Markets, the median stock underperforms the S&P 500 by 7% one year after appearing on South Park.
Salesforce Stock Sinks on Revenue Miss, Weak Outlook
Salesforce, a customer relationship management (CRM) company, experienced a drop in its share value by over 17% during extended trading on Wednesday. This decline followed the release of its fiscal first-quarter earnings report, which revealed revenue figures that fell short of analysts’ estimates and provided guidance for the second quarter that was weaker than expected.
Unrest In A French Territory Is Driving Up The Price Of Nickel
The recent violent riots in New Caledonia, a French territory, have led to an increase in the price of nickel. Nickel is a crucial metal in the transition away from fossil fuels and its price has been impacted by global conflicts affecting the market.