Bitcoin Sell-Off Accelerates amid US Stock Downtrend; Crash Ahead?
Bitcoin (BTC) dropped lower on Thursday, with dimming stimulus hopes and a resurgence in the coronavirus cases in
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iPhone 12 5G Is Finally Here, AAPL Stock Slides 3%
The iPhone 12 brings the much-awaited upgrades in terms of design and features a wide range of next-generation 5G carriers supported across the globe. Analysts say that iPhone 12 will help Apple usher the next growth cycle.On Tuesday, October 13, Apple Inc (NASDAQ: AAPL) finally pulled the cover over its
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JPMorgan Beats Market Estimates for Q3 Earnings, JPM Stock Falls 1%
JPM stock was down 1.38% on Tuesday’s opening hours in the market. The bank has reported better-than-expected net profits with the bottom line getting good support from its investment banking services.On Tuesday, October 13, Wall Street banking giant JPMorgan Chase & Co (NYSE: JPM) delivered better-than-expected Q3 earnings. During Q3
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Numerai Hedge Fund Offers $50M in NMR Tokens for Fresh Stock Market ‘Signals’
Hedge fund Numerai is offering $50 million of its numeraire (NMR) token to quants, researchers and even fellow funds that provide original stock market “signals” into its data clearinghouse, Numerai Signals.UPDATE (10/12/20 19:32 UTC): This article has been updated to reflect who can utilize Numerai and how the payout mechanism
Read MoreA researcher debunks Stock-to-Flow model, likens Bitcoin to a ‘tech stock’
A report authored by the research team of ByteTree purports to debunk one of the most popular Bitcoin (BTC) valuation models — Stock-to-Flow. The model provides a very optimistic forecast for Bitcoin, claiming that a year from now we should see price levels above $100,000.Source: Glassnode.BytTree’s co-founder and chief investment
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Stimulus-Induced Stock Crash? No, Housing Market Faces Real Freefall
The housing market is at risk of a severe crash after President Trump delayed stimulus talks until after the election.A study from Princeton and MIT researchers found that 30 to 40 million renters might be at risk of eviction.The lack of stimulus and a gloomy outlook for real estate leaves
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Skip the U.S. Stock Market
The U.S. stock market is showing weakening momentum as investment firms shift their focus to Asian stocks and markets.On October 6, U.S. President Donald Trump officially ended stimulus talks until the election occurs.The fear of no stimulus and limited direct fiscal support has rattled the markets.Credit Suisse, Invesco, Nikko Asset
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F Stock Down 2% on Tuesday, Facebook Ad System Faces Decline
In September, Facebook informed its partners about the possible effects of Apple’s iOS 14 on its advertisement policy.Facebook Inc (NASDAQ: FB) stock dropped approximately 2.26% during Tuesday’s trading session to close the day trading at $258.66. In Wednesday’s pre-market, FB shares started to move higher. At the time of writing,
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Goldman Sachs’ Rosy Outlook on the Stock Market Could End in Tears
Goldman Sachs expects profit margins to jump in 2021.Goldman’s forecast is based on strong U.S. and global economic growth in the coming year.The stock market is facing many downside risks that we shouldn’t overlook.Goldman Sachs is optimistic about corporate profitability in 2021. The bank expects the U.S. stock market’s margin
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NVDA Stock Up 4%, Nvidia Prepares to Build UK’s Largest Supercomputer
While Nvidia’s Cambridge-1 is not the first supercomputer in the world, it certainly will be one of the few built with the latest technology.The foremost technology company NVIDIA Corporation (NASDAQ: NVDA) is set to build the United Kingdom’s largest supercomputer worth £40 million ($52 million). Per a report from CNBC,
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