Wall Street
Disney+ Hits 137.7M Subscribers, Beats Wall Street Expectations
Disney once again beat Wall Street expectations last quarter in streaming, adding 7.9 million Disney+ subscribers, and suggesting that the company may be positioned to take a lead in what has become a cutthroat race to the top in streaming. While Wall Street expectations for Disney+ were varied, a midpoint expectation was 4.5 million to 5 million adds. Explore Explore See latest videos, charts and news See latest videos, charts and news Disney reported revenue of $19.2 billion and income of $3.7 billion, with earnings per share of $1.08. Wall Street expectations were for revenue of $20.1 billion, operating income of $3.3 billion, and EPS of $1.17. The EPS miss could be due to a change in tax regulations, which saw the company’s effective tax rate balloon from 8.8 percent a year a...
Terra price key support level breaks after 30% weekly drop — more pain for LUNA ahead?
Terra (LUNA) price slid on April 11 as a broader correction across crypto assets added to the uncertainties concerning its token burning mechanism. Bitcoin (BTC) and Ether (ETH) led to a decline in the rest of the cryptocurrency market, with LUNA’s price dropping by over 8% to nearly $91.50, and about 30% from its record high of $120, set on April 6. The overall drop tailed similar moves in the U.S. stock market last week after the Federal Reserve signaled its intentions to raise interest rates and shrink balance sheets sharply to curb rising inflation. Arthur Hayes, the co-founder of BitMEX exchange, said Monday that Bitcoin’s correlation with tech stocks could have it run for $30,000 next. In other words, LUNA’s high correlation with BTC so far this year puts it at risk...
Bitcoin surges toward $39K as stocks volatility keeps Wall Street on edge
Bitcoin (BTC) kept investors guessing with tech stocks as Wall Street opened on Feb. 4, circling $38,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Stocks continue volatility Data from Cointelegraph Markets Pro and TradingView followed a ranging overnight period for BTC/USD, bulls hoping for clearer validation of recent gains. After 15% daily gains the day before, Amazon (AMZN) continued its uptrend on Feb. 4, jumping 10% at the open, while embattled Meta (FB) dipped further. In what has become an increasing focus of attention among analysts, curiously volatile tech stocks thus showed few signs of steadying at the opening bell. Bitcoin, after losing $800 in the hour beforehand, thus recouped all of those losses and more, underscoring its positive stocks correlation. ...
Bored Ape Yacht Club is a huge mainstream hit, but is Wall Street ready for NFTs?
Within months after its launch in April 2021, Bored Ape Yacht Club (BAYC) has become one of the main reasons Wall Street should take the emerging nonfungible token (NFT) market seriously, thanks to its recent sales turnover of over $1 billion. Celebrities ape into BAYC For the uninitiated, BAYC is a collection of 10,000 cartoons of anthropomorphic apes with stylish clothes and disreputable expressions. Each ape is practically an image file that should be worthless in a sane world. Nonetheless, they have been managing to fetch astonishing sums, sometimes from some of the world’s most renowned celebrities. For instance, Jimmy Fallon, a popular American TV host, bought the image of a Bored Ape that wore a striped T-shirt and heart-shaped shades for almost $220,000 in November ...
BTCS stock jumps 44% after announcing first-ever dividend payable in Bitcoin
On Wednesday, Nasdaq Composite logged its biggest daily loss since February last year. But for one of its listed companies, the day turned out to be extremely bullish. Blockchain stock soars The share value of BTCS Inc. (BTCS), a blockchain technology company, surged nearly 44% to $4.36 at the New York closing bell, thus becoming the third-best performer on Nasdaq after Lixte Biotechnology (LIXT) and Mainz Biomed BV (MYNZ). Top Nasdaq performers as of Jan. 5, 2022’s close. Source: TheStockMarketWatch.com In contrast, Nasdaq plunged 3.3% Wednesday, its losses driven primarily by the release of the minutes of the Federal Open Market Committee (FOMC) meeting in mid-December last year. In detail, the minutes revealed the Federal Reserve officials’ intention to rais...
Bitcoin daily losses near $4K as S&P 500 hits 69th all-time high of 2021
Bitcoin (BTC) dropped nearly $4,000 on Dec. 28 as the market offered a sharp reminder that the bull run would need to wait. BTC analysts eyes $44,000 BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $48,335 on Bitstamp at Dec. 28’s Wall Street open. The pair had passed $52,000 the previous day, this marking a three-week high, before pressure from sellers halted progress. At the time of writing, Bitcoin circled $49,000 as traders took the opportunity to remind audiences of Bitcoin’s ongoing active range. “Humans get bullish at resistance. It’s a thing,” Scott Melker summarized. “Still ranging. Nothing has changed.” The $52,000 trip indeed failed ...
Game On?: A Simple Guide to What’s Going On In The Stock Market
Source: NurPhoto / Getty By Shawna Mizelle In the past few days, the buzz around GameStop, AMC, and Reddit has dominated the news cycle. One might’ve noticed several people online discussing investing in stocks and pondered, “What’s going on?” Some individuals possibly saw someone post about their return on investment from the stock market and proposed the question, “How do I get in?” The most daunting question at hand is this: how does a stock like GameStop, which was valued at $20 just two weeks ago, become valued at over $300 seemingly overnight? Here’s a recap of everything you need to know about the whirlwind of a stock market that investors have seen this week. What happened? GameStock was the most traded company in the stock market on Tuesday (Jan. 26), but the bullish run-up ...
Ja Rule Blasts Robinhood After GameStop Stock Debacle
Source: Noam Galai / Getty In the midst of the explosion of stocks and investing this week, an unexpected champion of the people emerged. Ja Rule took to Twitter to blast Robinhood for shutting down individual investors from buying up GameStop and other stocks, and he elaborated on his position via a new interview. The veteran Queens rapper has been active on Twitter this week, urging his followers and fellow investors to “hold the line” as the refrain went during the GameStop and AMC investment craze over the past few days. “Yo this is a f*cking CRIME what @RobinhoodApp is doing DO NOT SELL!!! HOLD THE LINE… WTF,” Ja Rule tweeted Thursday morning (Jan. 28). A scan of his Twitter feed shows that his passion for investment isn’t new as he’s been using Robinhood since 2014 and believes in th...
GameStop Stock Rises Due To Reddit & Robinhood Users, Wall Street Shook?
Source: Johnny Louis / Getty Back in 2019, GameStop announced that it was closing hundreds of stores nationwide as the need for a brick and mortar video game store started to dwindle. This week, the retail chain is experiencing a boom in stock value, and what makes this unique is that individual investors have somehow bent the market to their will. There may not be any place on the Internet to avoid news or chatter surrounding the huge gains made by the Grapevine, Texas company. Like many other global entities, GameStop’s earnings and impact within its industry were impacted by the coronavirus pandemic with retail sales slowing to a near halt as digital sales continued to boom. On Monday (Jan. 26), smaller investors congregating on Reddit and using the Robinhood app resulted in a short squ...
US Democrat Senate wins push stocks higher despite Capitol chaos
Clean sweep by Democrats allows them to enact big-spending policies likely to benefit the economy, investors say. Global stock markets rose and bonds nursed losses on Thursday in anticipation of a big-borrowing and big-spending Democratic administration driving growth, following runoff elections that gave the party control of both houses of the United States Congress. On Wednesday, US Treasury bonds had suffered their steepest selloff in months after Democratic Party victories in two races in the state of Georgia handed them narrow control of the Senate and the power to pass their agenda. US S&P 500 futures rose 0.6 percent and Nasdaq 100 futures rose 0.9 percent as markets seemed to shake off a late fade that pulled Wall Street indexes back from fresh record peaks when chaotic protest...
Coronavirus vaccine eclipses US elections as economic game-changer
It started on Monday when Pfizer announced that the COVID-19 vaccine it is developing with Germany’s BioNTech proved 90 percent effective in a late-stage trial. The post Coronavirus vaccine eclipses US elections as economic game-changer appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
Oil prices slide in lockdown-driven rout
Oil prices dived Thursday on demand fears as more nations go into lockdown to staunch the spread of the coronavirus, while stock prices attempted a modest rebound. Both main oil contracts fell five percent for part of the day before clawing back some of their losses, extending this week’s meltdown to plumb four-month lows on virus-driven demand fears. “The new lockdowns have since yesterday caused a carnage in the oil market,” said Bjornar Tonhaugen, head of oil markets at Rystad Energy. “Oil demand will lose ground as a result of the new lockdowns… Prices now naturally decline on this grim prospect,” he added. The drop in oil prices will increase the pain on oil companies. Exxon Mobil announced Thursday it was eliminating 1,900 US jobs as part of a cost-cutting drive necessitated in part ...
