Bit Mining Limited, a crypto mining company developing machines that excel in mining on Litecoin and Dogecoin networks, launched a new version of its LD series machines. According to the press release, the LD4 is superior to LD3 in multiple areas, including energy efficiency, maximum hashrate, and cost-effectiveness. What are […]

On Monday, the Federal Deposit Insurance Corporation (FDIC) announced that regulators had seized First Republic Bank, which JPMorgan is set to acquire now. The development comes as three other US banks, including Silvergate Bank, Signature Bank, and Silicon Valley Bank, have collapsed over the past few months. First Republic Seized […]

After moving notably lower over the two previous sessions, treasuries showed a strong move back to the upside during trading on Friday. Bond prices surged early in the session and remained firmly positive throughout the day. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, […]

In morning trading Friday, the Dow Jones industrials were up 0.49%, the S&P 500 up 0.46% and the Nasdaq 0.19% higher. After U.S. markets closed on Thursday, Amazon reported better-than-expected earnings per share (EPS) and revenue. Comments from CFO Brian Olsavsky related to slower growth and lower profitability in the […]

Premarket action on Friday had the three major U.S. indexes trading lower. The Dow Jones industrials were down 0.38%, the S&P 500 down 0.37% and the Nasdaq 0.26% lower. All 11 market sectors closed higher on Thursday. Communication services (5.53%) and real estate (2.43%) posted the day’s best gains. Energy […]

Before U.S. markets open Friday morning, 33 companies are scheduled to report quarterly earnings results. The following table is based on data from Briefing.com and includes a consensus forecast in dollars for quarterly earnings per share and EPS reported last year, and the consensus forecast for quarterly revenue in thousands […]

Gold futures settled higher on Thursday, although the dollar’s recovery from lower levels limited the safe-haven metal’s upside. The dollar index, which dropped to 102.28 in the Asian session, climbed to 101.89 later on in the day and was at 101.55 a little while ago, netting a marginal gain. Gold […]

Crude oil prices climbed higher on Friday, buoyed by fairly strong data on private sector activity in the U.K. and eurozone. Concerns about the U.S. economic outlook and interest rate uncertainty limited the uptick in oil prices. West Texas Intermediate Crude oil futures for June ended higher by $0.50 or […]

The futures traded lower after a dreadful Thursday that saw all the major indexes finish the day lower. The Dow Jones industrial average posted its first back-to-back losses in a month. Big-time earnings disappointments from AT&T and American Express got the selling started, and some very cautious commentary from big […]

In the first hour of trading Wednesday, the Dow Jones industrials were down 0.28%, the S&P 500 down 0.32% and the Nasdaq 0.59% lower. After U.S. markets closed on Tuesday, Netflix reported earnings per share (EPS) that beat the consensus estimate by a penny but missed on revenue. The company […]