FOREX-Dollar eases as traders look to central banks for cues

(Updates to U.S. afternoon) By Saqib Iqbal Ahmed NEW YORK, Jan 25 (Reuters) – The dollar slipped against the euro on Wednesday, but its losses were capped as traders were hesitant to make any big bets ahead of next week’s central bank meetings, including the Federal Reserve and the European Central Bank. In addition, much … Read more

‘Scared the Hell Out of Me’: NYSE’s Wild Start Rattles Traders

(Bloomberg) — A chaotic open for some stocks listed on the New York Stock Exchange sent chills across Wall Street as dozens of the largest companies in the US seemed to erase billions of dollars in market value for no apparent reason, leaving some investors frustrated and others clamoring for an explanation. Most Read from … Read more

FTSE 100 dips again as cautious traders digest economic data

London’s top index continued to retreat as traders were in two minds about the results of several economic surveys across Europe and the US on Tuesday. The UK’s PMI index flash results showed a better-than-expected reading for January, according to data released during the morning. Similar figures for the eurozone and the US did little … Read more

Ether, Bitcoin Long Traders See $110M Liquidations on Bitzlato Induced Volatility

A notice on the U.S. Justice Department’s website about an oncoming crypto-related effort resulted in a steep sell-off on Wednesday, causing bitcoin (BTC) and ether (ETH) to dip under newly-breached support levels before slightly recovering. The U.S. Justice Department announced a major international cryptocurrency enforcement action at noon ET on Wednesday. That turned out to … Read more

Binance to Let Traders Keep Crypto Collateral Off Its Exchange

(Bloomberg) — Binance, the operator of the world’s biggest crypto exchange, will allow institutional investors to keep the collateral for leveraged positions off the platform, a move to ease concerns caused by the collapse of one-time rival FTX. Most Read from Bloomberg The company said that such firms will have the option instead to post … Read more

Amazon Leads Rebound in Battered Tech as Traders Reload on Risk

(Bloomberg) — The market is regaining its appetite for risk after a bitter 2022 as traders increasingly snap up some of last year’s biggest losers, particularly beaten down tech stocks. Most Read from Bloomberg Inc. and Nvidia Corp. are among the biggest contributors to the Nasdaq 100 Index’s nearly 4% gain this week. Amazon, … Read more

Bed Bath & Beyond Triples as Retail Traders Fuel Latest Burst

(Bloomberg) — Bed Bath & Beyond Inc. continued to surge on Thursday, rising for a fourth day and hitting the highest level since early November, after the company’s bankruptcy warning reignited interest from retail traders. Most Read from Bloomberg Shares in the home-goods retailer climbed as much as 29%, adding to 166% gains from the … Read more

Traders Lose Trust in CPI Data Security in Wake of Volume Shock

(Bloomberg) — Traders from New York to Chicago to London will be glued to their screens Thursday morning waiting for the latest consumer price index reading from the Labor Department, which is due at 8:30 a.m. in Washington. Most Read from Bloomberg In fact, many will be watching trading closely before the numbers even hit … Read more

Call Traders Blast Delta Air Lines Stock Before Earnings

We’re not even two weeks into 2023 and the  is already heating up. Delta Air Lines, Inc. (NYSE:DAL) reports fourth quarter earnings before the open on Friday, Jan. 13, and the stock is looking to stay hot to start the new year. The airline stock seems to be enjoying today, last seen up 3.3% at $37.23. Despite a … Read more

Young Black Traders Who Made $5M in One Year to Give Away $1M to Struggling Families

Meet 29-year-old Jehu Graham and 32-year-old Francis Kway, two young African American investors who are also the founders of , powerful software that uses a series of indicators to predict stock market trends. During their first year in business, they generated $5 million in revenue, and now they are on a mission to give away … Read more