Coinbase confirms listing date and becomes the first crypto exchange to go public

Alejandro Arrieche

Coinbase is now ready to become the first cryptocurrency exchange to launch its shares into the open market as the company confirmed a date for its direct listing in the American stock market. According to a press release published by the firm yesterday, Coinbase’s shares will start to trade in the Nasdaq Global Select Market…

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US Treasury yields dip following Yellen and Powell’s hearing

Alejandro Arrieche

US Treasury yields remain on neutral territory this morning after dipping for two days in a row, with the benchmark 10-year rate sliding almost 10 basis points to 1.627% after reaching a post-pandemic high of 1.726% on Friday. Comments from the Chairman of the Federal Reserve, Jerome Powell, and US Treasury Secretary, Janet Yellen, during…

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Tesla Battles Spying Charges in China but Cathie Wood Ups Target Price

Mohit Oberoi

Prominent Tesla stock bull Cathie Wood has raised her target price on Tesla to $3,000 even as the company has apparently faced spying charges in China. Over the last couple of years, China has showered its love for Tesla like it hasn’t done with any other foreign automaker. To begin with, the company was allowed…

us stock futures

US stock futures slide as 10-year Treasury yields climb to 13-month high

Alejandro Arrieche

US stock futures are sliding as US Treasury yields have kept climbing to their highest levels since the pandemic started, with yields of the 10-year note reaching 1.667% this morning in early bond trading action. Bond traders seem to be reacting earlier to the upcoming press conference of Federal Reserve Chairman Jerome Powell after the…

us stock futures

US stock futures head down as 10-year Treasury yields climb back to 1.6%

Alejandro Arrieche

US stock futures and European markets are retreating this morning as US Treasury yields have reversed the downtrend seen in the past couple of days during early bond trading activity, with the 10-year benchmark climbing above the 1.6% threshold for the first time since Monday. Investors have been spooked by a sustained climb in US…

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Tech stocks poised to head down for a third week as Treasury yields keep climbing

Alejandro Arrieche

Tech stocks are about to close their third consecutive losing week, as reflected by the Nasdaq tech-heavy index, with rising US Treasury yields possibly prompting an adjustment in valuations. So far this week, the Nasdaq has dropped 3.45%, following a sharper 4.9% plunge seen by the index the week before – comprised of some of…

How US Stock Markets Hit Record Highs despite COVID-19 in 2021

Mohit Oberoi

2021 was a very volatile year for US stock markets. However, despite the COVID-19 pandemic, they rose to a record high. Here’s what drove the markets in 2021. The year started off well for US stock markets and they hit new record highs continuing their positive momentum from 2019. Markets ignored several risks including geopolitical…