Markets

The S&P 500 is still likely to retest its January low despite the ongoing relief rally, according to Fairlead Strategies’ Katie Stockton.The technical research firm highlighted 4500 and 4600 as key resistance hurdles for the S&P 500.In previous market declines, “it took another 1-2 months for the correction to fully mature,” Stockton said. Loading Something… Continue reading The S&P 500 will still likely test its January low as similar stock market corrections took months to play out, Fairlead’s Katie Stockton says

Amy Wu, head of FTX Ventures Fund, said integrating crypto can enhance gaming experiences.  She urged video game developers to respect the voices of their fans.  Wu recently guested in an episode with Decrypt’s gm podcast. Loading Something is loading. Amy Wu, head of FTX Ventures Fund, said integrating cryptocurrencies into video games could enhance… Continue reading FTX’s Amy Wu says crypto could enhance gaming experiences and urges developers to ‘respect’ fans’ voices

The SEC is looking into the relationship between Binance.US and two trading firms with ties to Binance founder Changpeng Zhao, The Wall Street Journal reported.  The SEC requested information about Sigma Chain and Merit Peak, which act as market makers that trade crypto on Binance.US. Binance.US “is committed to upholding the highest standards of compliance,”… Continue reading The SEC is reportedly probing trading affiliates of Binance’s US arm, with focus on firms with ties to Binance founder Changpeng Zhao

Warren Buffett’s Berkshire Hathaway built a major stake in Activision Blizzard last quarter. The investor’s company purchased nearly 15 million shares, worth about $1.2 billion today. Microsoft struck an all-cash deal in January to acquire Activision Blizzard for $69 billion. Loading Something is loading. Warren Buffett’s Berkshire Hathaway built a billion-dollar stake in Activision Blizzard… Continue reading Warren Buffett’s Berkshire Hathaway reveals $1 billion stake in Activision Blizzard

Oil prices surged 2% on Monday and approached $100 per barrel for the first time since 2014.The spike in oil prices came after the US said it would temporarily relocate its embassy in Ukraine.Russia has been surrounding Ukraine with armed forces, and US intelligence has warned of a potential invasion. Loading Something is loading. Oil… Continue reading Oil prices approach $100 per barrel for first time in 7 years after US relocates its Ukraine embassy due to threat of Russian invasion

SoFi CEO Anthony Noto said he and his family own some cryptocurrency.  “We own bitcoin, we own ethereum, we own some of the more obscure and different cryptocurrencies,” Noto told CNBC. He also warned companies that don’t recognize the benefits of blockchain may get “left behind.” Loading Something is loading. SoFi Technologies CEO Anthony Noto talked… Continue reading SoFi CEO says he owns bitcoin and ether — and warns that companies who don’t take advantage of crypto will be ‘left behind’

The S&P 500 index is in a slump this year and its correction is “incomplete,” says Morgan Stanley.  The investment bank said stocks are vulnerable to disappointing data on economic growth.  Wall Street analysts, meanwhile, are cutting down expectations for year-over-year profit expansion.  Loading Something is loading. This year’s selloff in stocks has a way… Continue reading The stock market correction is ‘incomplete’ and earnings guidance points to a sharp slowdown for corporate profit growth in 2022, Morgan Stanley says

Actress and entrepreneur Reese Witherspoon is diving into the crypto world.  She has been backing female-led NFT collections, like World of Women, and promoting the metaverse. “In the (near) future, every person will have a parallel digital identity. Avatars, crypto wallets, digital goods will be the norm.” Loading Something is loading. Reese Witherspoon has been… Continue reading Reese Witherspoon has been pushing female-led NFT collections and the metaverse on Twitter — here’s what she’s been touting