Markets

Ether has soared 50% over the last month, while bitcoin is up about 16% in the same stretch.  Enthusiasm has been building around ethereum’s so-called merge, which could happen in September. Ethereum cofounder Vitalik Buterin has voiced his support on Twitter for proof-of-stake protocols for cryptocurrencies.  Loading Something is loading. Over the last month, ether… Continue reading Ether has rallied 50% over the last month, blowing past bitcoin’s gains, ahead of ‘merge’ for Ethereum 2.0

Foreign investors parted with $8.3 billion in Chinese sovereign bonds last month. That’s the most since 2014, when Bloomberg began tracking the data from official sources. The bond sales in June also marked the fifth consecutive month that global investors dumped Chinese debt. Loading Something is loading. Foreign investors slashed their holdings of Chinese sovereign… Continue reading Investors are dumping Chinese bonds at a record pace as sell-off extends to a 5th straight month

The Nasdaq led stocks higher Wednesday following Netflix’s earnings that showed the company lost fewer subscribers than expected. Tesla is due to report earnings after the closing bell Wednesday.  According to JPMorgan, a reset in earnings expectations could spark a Fed pivot and lead investors to buy into stocks again.  Loading Something is loading. US… Continue reading Nasdaq leads US stocks higher as Netflix earnings raise hopes for tech sector

Natural gas prices surged as much as 10% on Wednesday as anticipation builds that Russia’s Nord Stream 1 will resume flows to Europe on Thursday.Europe’s devastating heat wave has added to demand for the commodity, which is used to generate electricity.Maintenance for Nord Stream 1 ends on Thursday, but Goldman Sachs only expects the pipeline… Continue reading Natural gas prices spike 10% as Europe awaits flows from shuttered Nord Stream 1 pipeline to resume amid record heat wave

The stock market’s rally off its June lows will fizzle out, according to Fairlead Strategies’ Katie Stockton.Stockton said long-term indicators are still in negative territory and that the bear market is likely to continue.”We would not chase the rally, noting short-term overbought conditions have returned,” Stockton said. Loading Something is loading. The S&P 500’s 9%… Continue reading The current stock rally will likely fade and investors should be prepared for the bear market to continue, Fairlead’s Katie Stockton says

Coinbase soared as much as 20% on Wednesday after saying it did not have exposure to bankrupt crypto firms. In a blog post, the crypto exchange said it had no financial risk from platforms like Celsius, Three Arrows or Voyager Digital. “We believe these market participants were caught up in the frenzy of a crypto… Continue reading Coinbase soars 20% as the exchange as it has no exposure to bankrupt firms struggling through crypto winter

Goldman Sachs economists think there’s a 50% chance of recession within two years.  CEO David Solomon told CNBC Wednesday the bank also sees a 30% for a recession within 12 months.  “There’s no one that can predict what the future will bring,” he said.  Loading Something is loading. Goldman Sachs economists are calling a 50%… Continue reading Goldman Sachs CEO David Solomon says the bank sees a 50% chance of recession in the next 2 years

, /PRNewswire/ — Chesapeake Energy Corporation (NASDAQ:CHK) today announced that it will release its 2022 second quarter operational and financial results after market close on Tuesday, August 2, 2022. A conference call to discuss the results has been scheduled on Wednesday, August 3, 2022 at 9:00 am EDT. The telephone number to access the conference… Continue reading CHESAPEAKE ENERGY CORPORATION PROVIDES 2022 SECOND QUARTER EARNINGS CONFERENCE CALL INFORMATION