Get all the essential market news and expert opinions in one place with our daily newsletter. Receive a comprehensive recap of the day’s top stories directly to your inbox. Sign up here!   (Kitco News) – SVB Financial Group, the parent company of ...

Shares of GameStop and other meme stocks outpaced the broader market’s rally on Thursday. But as the videogame retailer’s fiscal fourth-quarter report approaches, an analyst at Wedbush warned of cash burn ahead. GameStop stock (ticker: GME) rose 5.1% to $16.76, while AMC Entertainment stock (AMC) was up 4.3% to $4.39. Bed Bath & Beyond shares ...

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – While Bitcoin (BTC) is often cast in a competitive light when it comes to discussing gold, the ...

The study was a collaboration between the Bank of Israel, Norges Bank, Sveriges Riksbank and the BIS Innovation Hub Nordic Centre. A project to test cross-border payments using retail central bank digital currencies indicates that the regulators can retain nearly full autonomy, the Bank for International Settlements said in a statement on March 6. “Project ...

Betting against crypto stocks would seem like a sure thing. But it’s turned into a nightmare for traders over the last month–another sign of how tough it can be to make money in crypto. With Bitcoin down sharply and the crypto industry reeling, investors have piled into bets against crypto-related stocks. Companies including Coinbase Global ...

The Centre, in principle, agrees with the Reserve Bank of India that cryptocurrencies cannot be treated as sovereign currencies, but it is not in favour of banning the blockchain technology that operates them because of its potential to further boost the fintech industry using it, two officials aware of the development said. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} ...

High-profile fund manager Cathie Wood’s ARK Investment Management has increased holdings of e-commerce company Shopify and shed chip maker Nvidia, the group said in a statement. ARK snapped up about $35 million worth of Shopify shares. The stock has dropped this week after investors were disappointed with the outlook the e-commerce company gave for the ...

Bitcoin has not only started the new year with a rally, its gains have outpaced those of gold. That’s reversed — at least temporarily — part of the 76% decline in the Bitcoin-to-gold ratio over 12 months through November, a period during which the cryptocurrency tumbled into a bear market, as per Bloomberg. The gauge ...

  Tweet            Print          Email           Track Keywords Opalesque Industry Update – Hedge funds posted mixed performance in December to conclude the volatile 2022, though still outperformed accelerating declines in equity and fixed income markets as investors positioned for continued macroeconomic uncertainty in 2023 driven by generational inflation, rising interest rates and ...

Shares of Silvergate Capital Corp. marched sharply lower for the second straight day on Friday on the heels of at least two downgrades of the cryptocurrency bank’s stock as well as one debt-rating cut. Silvergate Capital’s stock continues to face questions over deposit-funding concerns, along with the suspension of its stablecoin initiative — both of ...