Gold Price Today Surges After Soft CPI While Bitcoin Price Holds Gains
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Good inflation number Tuesday. Gold Price Today spiked over 2%. Then oil moved higher and gold gave most of it back. Bitcoin did not follow gold lower. Two different assets…
IBM Stock Falls 25% as AI Server Demand Hurts Mainframe Business
IBM stock suffered its worst trading day in modern history on Tuesday. Nearly $70 billion in market value gone in a single session. And the reason is straightforward. Customers are…
Dow Jones Today: IBM Stock Falls 25% as CPI Comes in Below Expectations
Lot happened Tuesday. Good inflation data. Strong bank earnings. And IBM having the worst day in its history as a public company. All three things pulled the Dow in different…
Euro to Dollar: EUR/USD Stays Near $1.14 Before CPI Report
Currency markets are waiting. Euro to Dollar is trading near $1.14 as currency markets wait for today’s CPI report. Yen is near 40 year lows. Dollar is winning across the…
SpaceX Stock Falls Near IPO Price as Valuation Questions Grow
SpaceX Stock Falls Back Near IPO Price as Valuation Concerns Grow Went from $135 to $223 in days. Now back near $135 about a month later. Full round trip. One…
Nasdaq Today: Chip Stocks Lead Market Lower Ahead of CPI Report and Bank Earnings
Another rough start to the week. Chip stocks led everything lower again. Iran situation got worse with a new shipping blockade proposal. Oil moved higher. And somehow Tuesday brings both…
SK Hynix Shares Fall 15% After Strong US ADR Debut: Here’s Why
Friday in the US was great for SK Hynix. Monday in Korea was not. Same company. Two different exchanges. Two very different sessions. The explanation is simpler than it looks.…
Bitcoin Price Falls as Iran Tensions Push Oil Higher Ahead of CPI Report
Same story different week. US and Iran exchanged strikes over the weekend. Oil jumped. Bitcoin sold off. Risk appetite went out the window before US markets even opened Monday. Bitcoin…
Dow Futures Fall as Iran Escalates. CPI Report and Bank Earnings Ahead
Dow futures moved lower Monday morning after fresh US-Iran strikes over the weekend increased geopolitical tensions. Stock futures pointed to a weaker open as oil prices surged ahead of a…
SK Hynix Starts Trading on Nasdaq Today. $26.5 Billion Raised. Demand Was Seven Times Over.
Not an IPO. Already public in South Korea. But SK Hynix listing depositary receipts on Nasdaq today is still one of the biggest US equity events of the year. Chip…