Red-hot Netflix is proving itself as a recession-resistant stock
Bank of America called Netflix stock a "defensive choice" compared to other tech companies.
Bank of America called Netflix stock a "defensive choice" compared to other tech companies.
Oil prices rose more than $1 a barrel on Wednesday after Washington issued new sanctions targeting Chinese importers of Iranian oil. Brent crude futures rose $1.08, or 1.67%, to $65.75 a barrel by 11:43 a.m. EDT (1543 GMT) while U.S. West Texas Intermediate crude rose $1.14, or 1.86%, to $62.47. The U.S. on Wednesday issued new sanctions targeting Iran's oil exports, including against a China-based "teapot refinery", as President Donald Trump seeks to ramp up pressure on Tehran, and drive Iranian oil exports down to zero.
Tariffs have been the most important news story so far this year. The president has caused investors a lot of uncertainty with rapid-fire announcements affecting global trade and the flow of capital. The market has responded with extreme volatility.
The Seychelles-based crypto exchange also established a regional HQ in San Jose, California, and appointed Roshan Robert as its new U.S. CEO.
Janover, a real estate-focused fintech company, has ramped up its investments in Solana (SOL), now holding a total of 163,651 tokens, valued at approximately $21.2 million.
Four asset managers—Purpose, Evolve, CI, and 3iQ—are set to launch spot Solana exchange-traded funds (ETFs) in Canada on April 16.
Bitcoin has shown unusual strength against a backdrop of economic instability, with its price climbing nearly 7% over the past week to reach around $84,000 and even briefly touching $86,000.
Figma has confidentially filed for an IPO more than a year after a $20 billion acquisition bid by Adobe fell apart due to antitrust concerns.
In a Tuesday filing, the company said it had reached a loan agreement with crypto exchange Coinbase allowing it to borrow money — using its bitcoin stockpile as collateral — to pay the settlement.
The stock market is now looking at "significant upside" from current levels, said Fundstrat's Tom Lee.