The sell-off in US government bonds continued Thursday as Federal Reserve Governor Christopher Waller signaled that further interest-rate hikes may be needed to bring inflation back under control, while leaving the timing of those moves uncertain. The 10-year Treasury yield climbed six basis points to 5.34%, moving closer to its highest level since 2002. The
NextBlock has invested $3 million in Soda Labs’ seed round, funding the company’s entire closed round as Soda Labs expands its programmable privacy infrastructure for financial activity on public blockchains. Soda Labs said it has spent the past two and a half years developing a cryptographic privacy solution that combines garbled circuits with multiparty computation
Palantir Technologies shares PLTR rose 2% in premarket trading on Thursday after Goldman Sachs upgraded the defense and enterprise AI software company to ‘Buy’ from ‘Neutral’, citing the potential for further growth in its addressable market. Goldman analyst Gabriela Borges set a $230 price target for Palantir, implying an 18% upside from Wednesday’s close. The
GE Aerospace stock has tumbled into a bear market and is about to form a death cross pattern as investors continue selling amid rising valuation concerns. It dropped to $303 this week, its lowest level since May this year, and 22% below its all-time high. GE Aerospace stock is about to form a death cross
US stocks opened lower on Thursday as a renewed rise in oil prices and Treasury yields weighed on risk appetite, with investors turning their attention towards the upcoming earnings season for signs that corporate profits can support equity valuations. The Dow Jones Industrial Average fell 127 points, while the S&P 500 declined 0.28% and the
The number of Americans filing new claims for unemployment benefits fell last week, pointing to continued stability in the labor market even as hiring slowed sharply in September. Initial claims for state unemployment benefits declined by 2,000 to a seasonally adjusted 197,000 for the week ended October 3, the Labor Department said Thursday. Economists polled
AGNC Investment stock has sold off sharply in the past few weeks, and this retreat may continue after it formed the highly bearish double-top pattern. It has slipped for eight consecutive weeks, reaching its lowest level since September 29. It remains down by 23.4% from its highest point this year, bringing its yield to 17%.
Gold prices rose in early trading Thursday while silver declined sharply as oil prices climbed and Treasury yields remained near multi-decade highs, keeping inflation and interest-rate risks in focus. At the time of writing, spot gold was trading at $4128 an ounce, up around 0.40% on the day. Spot silver fell close to 1% and
XRP slipped towards $1.46 on Wednesday after another failed attempt to clear the $1.52 to $1.55 area, putting a support zone that has repeatedly attracted buyers back under pressure. The token reached about $1.523 on Tuesday before retreating, following a move to roughly $1.55 on October 2 that also failed to hold. Those repeated rejections
Bitcoin remained under pressure on Wednesday, briefly trading below $84,000 as increased profit-taking and less supportive macroeconomic conditions slowed its bullish momentum. BTC changed hands around $84,151, dropping below the immediate support at $85,000 after struggling to regain its recent high near $87,000. Institutional signals were mixed. US spot Bitcoin exchange-traded funds recorded modest withdrawals