Bitcoin’s recent failure to break above the crucial $60,000 level has raised concerns about its future performance. The resistance at this level has proven to be strong, with the price currently struggling to stay above the 200 EMA at $58,165. The inability to surpass this level suggests a bearish sentiment in the market. The Relative
investment
Investors experienced a significant shift in the U.S. equities market on Thursday, with the Russell 2000 surging by approximately 3.5% while the S & P 500 saw a decline of nearly 1%. This divergence has sparked discussions on whether this is merely a case of profit-taking within the Magnificent 7 or if it signals the
The recent recovery in the cryptocurrency market has sparked a wave of inflows from various investors, ranging from retail to institutional. Companies are once again showing interest in the market, pouring funds in with hopes of capitalizing on a potential strong retrace. The increase in investments is seen as a positive sign, reflecting growing confidence
JPMorgan Chase recently announced its second-quarter earnings, which surpassed analysts’ expectations, particularly in the area of investment banking fees. The bank reported a 52% increase in investment banking fees from the previous year, totaling $2.3 billion. This surge in fees contributed to the overall revenue of $50.99 billion, exceeding the estimated $49.87 billion. Earnings for
One of the notable highlights in the recent analyst calls and Wall Street chatter was the upgrade of Spotify Technology by Jefferies. The upgrade included a shift from hold to buy, with a price target of $385, implying an upside of 26.2% from the previous close. Analyst James Heaney expressed confidence in Spotify’s potential to
Hurricane Beryl’s impact on parts of Texas has not halted the upcoming bond pricing for Galveston Wharves. Despite the operational disruption caused by the storm, the port is proceeding with a $160 million revenue bond sale. The once-Category 5 storm made landfall as a Category 1 hurricane 100 miles south of Galveston, but the damage
Athletic Brewing Company has recently announced a significant milestone by raising an additional $50 million in equity financing led by General Atlantic. The company’s CEO and founder, Bill Shufelt, expressed his optimism regarding General Atlantic’s continued investment beyond the initial amount. This influx of capital will be used to enhance production capacity and broaden the
The cryptocurrency market experienced a slight increase in Bitcoin price, following recent losses due to concerns over a potential spike in token supply. Meanwhile, Ether saw a sharp rise fueled by speculation surrounding a spot exchange-traded fund. Bitcoin, the world’s largest cryptocurrency, had been facing significant losses over the past two weeks, hitting a four-month
Dora, the revolutionary unified search and action engine for the multichain world, recently announced the successful close of a $5.5 million early stage funding round. The funding round was co-led by Dragonfly Capital and Lemniscap, with participation from Robot Ventures, Ethereal Ventures, Maven11, and Arche Capital, alongside notable angel investors such as Rushi Manche and
Goldman Sachs remains bullish on shares of Alphabet and Meta, reiterating their buy rating. The firm has raised their price target on GOOGL to $211 and on META to $522, citing increased estimates and valuation multiples as the driving factors behind their decision. Stifel Initiates RH as Buy Stifel has initiated coverage on the furniture