New York CNN Business — Coffee futures are crashing. But that might not mean too much for the price of your cup of coffee. In August, Arabica coffee futures were trading at $2.43 per pound. By Wednesday, the price had tumbled to $1.59, a roughly 35% decline. There are a few reasons for the steady … Read more
The cryptocurrency of the hour, Aptos (APT), is losing bullish momentum and heading for a correction. Dubbed a “Solana Killer,” the APT token was launched last week, attracting the attention of market participants. The hype around APT generated over $150 million in Open Interest, $3 billion in futures volume, and $1 billion in spot volume … Read more
An army of small Bitcoin (BTC) investors has been fighting with their larger counterparts for months to keep the price above $18,000. Bitcoin accumulation strong among fishes Notably, there has been some on-chain divergence between so-called whales (entities that hold more than 1,000 BTC) and fishes (entities that hold relatively smaller amounts of BTC) as Bitcoin … Read more
The disappearing stock price for Snap continues after another challenging quarter. Shares of the social media platform crashed 25% in pre-market trading on Friday as third quarter sales marked the fifth straight quarterly deceleration. Profits were also lackluster as Snap continued to blame an advertising slowdown and Apple privacy changes for the execution missteps. Here’s … Read more
WORCESTER – A car smashed through a Honey Dew Donuts shop in Worcester Thursday night. Worcester Police said a Honda Civic drove into the chain’s Gold Star Boulevard location just before 11 p.m. The driver was taken to a hospital, but there was no immediate word on their condition. The store was not open at … Read more
Hashtags about a stock-market crash may be trending on Twitter, but the selloff that has sent U.S. equities into a bear market has been relatively orderly, say market professionals. But it’s likely to get more volatile — and painful — before the market stabilizes. It was indeed a white-knuckle ride for investors Friday as the … Read more
A sequence of macro warnings coming out of the Goldman Sachs camp puts Bitcoin (BTC) at a risk of crashing to $12,000. Bitcoin in “bottom phase?” A team of Goldman Sachs economists led by Jan Hatzius raised their prediction for the speed of Federal Reserve benchmark rate hikes. They noted that the U.S. central bank … Read more
For many, he’s the worst fraudster since Elizabeth Holmes fooled some of the world’s smartest people with her blood testing company Theranos. Trevor Milton is due in court today, where he will stand trial for manipulating investors with promises he was the next Elon Musk and his company, Nikola Corp., the next Tesla. He even … Read more
What’s happening: Home prices were up 18% in June compared to a year ago, with Tampa, Miami and Dallas reporting the highest annual gains, according to the S&P CoreLogic Case-Shiller Indices. That was a slower pace than in May, when they rose 19.9% annually. But the bottom line is that prices are still going up … Read more
is the stock market going to crash The first six months of 2022 were the worst the stock market has had in more than 40 years, officially entering a bear market on June 13. Despite some recent bouncebacks, investors remain worried. So much so that some have begun asking if we should start preparing for … Read more