News

: EIA reports gain in U.S. crude supplies last week

The Energy Information Administration on Wednesday reported that U.S. commercial crude inventories rose by 3.6 million barrels for the week ended Nov. 10 to total 439.4 million barrels. The government agency had delayed last week’s data due to a system...

News

15 Nov 2023

How Consumers Are Spending Is a Reason for Cheer

Retail spending data was a lot better than the headline figures suggest.

News

15 Nov 2023

The Global Movement to Promote Crypto Tax Transparency — What You Need to Know

In Europe and the U.S., there are a host of initiatives placing new requirements on participants in digital asset markets to report on transactions and meet other new provisions.

15 Nov 2023

Target Gave Investors an Early Christmas Gift

Lower markdowns, lower freight costs and lower supply chain and digital fulfillment costs all helped Target achieve a surprise earnings gain.

News

15 Nov 2023

: Hycroft Mining’s stock bounces off record low after reverse stock split takes effect

Shares of Hycroft Mining Holding Corp. HYMC bounced 3.5% in morning trading Wednesday, as the gold and silver miner’s 1-for-10 reverse stock split took effect. The stock had closed Tuesday at a split-adjusted record low of $1.76, or at 17.6 cents befor...

News

15 Nov 2023

Binance Japan to list 13 tokens new tokens in one of the world’s strictest crypto markets

Binance’s Japanese division announced plans to list 13 new tokens for spot trading and crypto-earning services starting Nov. 27, according to a Nov. 15 statement shared with CryptoSlate. This move increases the exchange’s token offerings from 34 to 47, making it the largest platform with the most extensive token selection in Japan. Per the statement, […]
The post Binance Japan to list 13 tokens new tokens in one of the world’s strictest crypto markets appeared first on CryptoSlate.

15 Nov 2023

Gold Prices Gain On More Signs Global Inflation Rolling Over

US consumer prices decelerated last month, with the UK’s now joining them. Gold markets and others are daring to hope that lower rates will come next year

Forex

15 Nov 2023

‘Intents’ Are Blockchain’s Big New Buzzword. What are They, And What Are the Risks?

Intent-centric programs are quietly transforming how we operate on blockchains, but they bring risks as well as benefits.

15 Nov 2023

Tokenization Firm Superstate Gets $14M Investment to Bring Traditional Funds On-Chain

The company has earmarked the funds for expansion, creating private funds for institutional investors and crafting a framework for tokenized public funds that U.S. clients can access.

15 Nov 2023

El Salvador Remains in the Red on Bitcoin Holdings, But Losses Are Narrowing

It's been a bit more than two years since the country made bitcoin legal tender there.

15 Nov 2023

Solana-Based Stablecoin Remittances Get a Boost with CFX Labs’ Fresh $9.5M Fundraise to Expand Globally

Remittances are one of the most compelling use cases for stablecoins, offering fast, non-stop settlements and cheap transactions using blockchains as payment rail.

15 Nov 2023

What’s New This November on CoinStats

Hey friends,

We’re thrilled to share some new changes we’ve made to CoinStats. These updates are designed to make things easier and more straightforward for you. Here’s a quick look at what’s new!

Portfolio Updates

Choosing Networks Simplifie...

15 Nov 2023

: U.S. stocks open higher, building on best day for S&P 500 since April

U.S. stocks opened higher on Wednesday, with the S&P 500 building on its strongest daily gain since April as investors digested another inflation report, along with a fresh reading on retail sales. The S&P 500 SPX gained 14.57 points, or 0.4%, to 4,510...

News

15 Nov 2023

: Sirius XM’s stock soars as Buffett’s Berkshire Hathaway reveals stake

Sirius XM Holdings Inc. shares SIRI were rocketing 17% in premarket trading Wednesday after Warren Buffett’s Berkshire Hathaway revealed a new stake in the satellite-radio operator. Berkshire bought up 9.7 million shares of Sirius during the September ...

News

15 Nov 2023

: Tesla’s stock on track for a 4th straight rise, but pares gains after inflation data

Shares of Tesla Inc. TSLA rose toward a fourth straight gain in premarket trading Wednesday, but unlike the previous session, they pared gains after tame inflation data. The electric vehicle giant’s stock was up 2.2% just before data showing that whole...

News

15 Nov 2023

: Goodyear’s stock jumps 5.5% on news of transformation plan that aims to raise more than $2 billion in proceeds

Goodyear Tire & Rubber Co.’s stock GT jumped 5.5% in premarket trade Wednesday, after the company unveiled a transformation plan that aims to raise more than $2 billion in proceeds from portfolio optimization and to generate a positive benefit of $1.3 ...

News

15 Nov 2023

US Breaking News: Retail Sales Beat Pessimistic Estimate, USD Bid

US retail sales beat estimates for October but still couldn’t avoid a drop from September. USD and Treasury yields rise while S&P 500 futures head lower

Forex

15 Nov 2023

: Tapestry launches bond offering to fund Capri acquisition

Tapestry Inc. TPR said Wednesday it has commenced an offering of dollar-denominated senior unsecured notes to fund its acquisition of rival Capri Holdings Ltd. The parent to Coach, Kate Spade and Stuart Weitzman did not specify the size of the deal.Mar...

News

15 Nov 2023

: Thoma Bravo to sell about $500 million in Dynatrace stock

Dynatrace Inc. DT said Wednesday its stockholder Thoma Bravo is selling 10 million shares of its stock. Dynatrace stock was down 3.8% in premarket trading. Based on the stock’s closing price of $52.54 a share on Tuesday, the stock sale will generate ab...

News

15 Nov 2023

Ethereum Platform Infura’s Step Toward Decentralization Includes Microsoft, Tencent

Infura, from the Ethereum developer ConsenSys, is so dominant that it's been cast as a potential single point of failure. Now it's creating a "decentralized infrastructure network" to help protect against outages – enlisting a "federated" group of part...

15 Nov 2023

It’s Too Soon to Bet on China’s Housing Turnaround

Chinese housing stocks jumped after an unconfirmed report of stronger support for the market—and very poor housing data.

News

15 Nov 2023

Germany’s Commerzbank Wins Crypto Custody License

It's the first German full-service bank to be granted the custody license, according to a statement.

15 Nov 2023

First Mover Americas: Singapore Central Bank Tests Tokenization Alongside JPMorgan, BNY Mellon

The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 15, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

15 Nov 2023

National Hockey League Comes Around to Digital Collectibles, Using Sweet Platform

NHL Breakaway launches with Sweet, a platform for brands to create NFT collectibles under the Ethereum ERC-721 standard on Polygon and the Ethereum mainnet, as well as the Tezos NFT standard.

15 Nov 2023

Kazakhstan Central Bank Marks Digital Tenge Pilot With First Retail Payment

The National Bank of Kazakhstan plans to implement a digital tenge by the end of 2025.

15 Nov 2023

: TransUnion to shed about 1,300 employees in cost-reduction plan, as stock rises

TransUnion TRU said Wednesday it plans to reduce its 13,000-employee work force by 10% or, about 1,300, as part of a cost-cutting plan at the information and risk management solution company. TransUnion’s stock was up 3.5% in premarket trading. “We be...

News

15 Nov 2023

: TJX Cos. warns it’ll fall short of Q4 earnings estimate, as stock drops

TJX Cos. TJX stock was down 1.2% in premarket trading on Wednesday after the retailer issued fourth-quarter guidance below analyst estimates, even as its third-quarter profit beat expectations. TJX said its third-quarter net income rose to $1.19 billio...

News

15 Nov 2023

Softer US Data Propels EURUSD Beyond Key Technical Level

Yesterday’s drop in US inflation has EUR/USD trading above the 200-day SMA, building a case for a bullish reversal. US retail sales later could provide a helping hand

Forex

15 Nov 2023

Solana’s SOL Jumps 20% as Investors Turn Bullish, Fears of FTX Sales Wane

The tokens crossed $63, reaching a level previously seen in May 2022. Trading volumes spiked to over $3.5 billion, up more than 70% from average levels of $2 billion each day at the start of November.

15 Nov 2023

: VF Corp.’s stock rises after J.P. Morgan upgrades apparel and footwear maker to neutral from underweight

VF Corp. VFC, the maker of Vans sneakers and North Face coats, drew an upgrade to neutral from underweight Wednesday. J.P. Morgan analyst Matthew R. Boss raised his price target on VF Corp. to $19 a share from $15. The company’s stock was up 3.9% in pr...

News

15 Nov 2023