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  • Aug 07, 2024

Asian Stocks to Dip as US Bond Sale Saps Sentiment: Markets Wrap

(Bloomberg) -- Asian equities were set to drop Thursday after a weak Treasury auction dealt a fresh blow to sentiment on Wall Street.Most Read from BloombergAfrica’s Richest City Needs $12 Billion to Fix InfrastructureNew York City’s Outdoor Dining Sheds Will Start DisappearingThe 5 Coastal States That Face the Most Devastating Flood RiskNew York City Paid $2 Million for Empty Hotel Rooms Meant for MigrantsNYC Subway Riders See ‘Exceptionally High’ Air PollutionFutures contracts for Japan, Austr

  • Aug 07, 2024

Oil Extends Recovery Rally as Traders Wait for Iran Retaliation

(Bloomberg) -- Oil extended its biggest advance in a week as traders remain on edge over a possible retaliatory strike by Iran on Israel as payback for assassinations of Hezbollah and Hamas leaders.Most Read from BloombergAfrica’s Richest City Needs $12 Billion to Fix InfrastructureNew York City’s Outdoor Dining Sheds Will Start DisappearingThe 5 Coastal States That Face the Most Devastating Flood RiskNew York City Paid $2 Million for Empty Hotel Rooms Meant for MigrantsNYC Subway Riders See ‘Ex

  • Aug 07, 2024

Robinhood results beat estimates on meme-stock, crypto-trading boom

(Reuters) -Robinhood beat Wall Street expectations for second-quarter earnings on Wednesday, as interest in meme stocks and cryptocurrencies soared, and said it continued to gain retail trading market share from rivals. The app, typically associated with mom-and-pop investors, saw a surge in trading volumes as meme-stock influencer Keith Gill returned to social media and reignited interest in the highly shorted shares of videogame retailer GameStop. Robinhood's transaction-based revenue surged 69% to $327 million in the quarter.

  • Aug 07, 2024

Monster Beverage misses quarterly sales estimates as economic fears slow demand

(Reuters) -Monster Beverage missed market expectations for second-quarter sales on Wednesday as budget-conscious consumers kept a tight lid on spending, hurting demand for its pricey energy drinks amid an uncertain economic environment. Higher costs of essentials like food and fuel have prompted consumers in the U.S. to be more mindful about spending on non-essential items, impacting sales for companies such as Monster. Monster will raise prices for its core brands and packages in the United States by about 5%, effective November 1.

  • Aug 07, 2024

Palm Oil Rises on Jump in Soy Oil, Signs of Weak Malaysia Output

(Bloomberg) -- Palm oil climbed as rival soybean oil rebounded in Chicago, while an estimate of lower output in parts of second-largest producer Malaysia also helped support prices.Most Read from BloombergAfrica’s Richest City Needs $12 Billion to Fix InfrastructureNYC Subway Riders See ‘Exceptionally High’ Air PollutionNew York City’s Outdoor Dining Sheds Will Start DisappearingNew York City Paid $2 Million for Empty Hotel Rooms Meant for MigrantsThe 5 Coastal States That Face the Most Devastat

  • Aug 07, 2024

EXCLUSIVE: What Tim Walz, Kamala Harris's New VP Pick, Could Mean For The Crypto Industry

Vice President Kamala Harris‘s choice of Minnesota Governor Tim Walz as her running mate for the 2024 presidential election has sparked a wave of speculation and concern within the cryptocurrency community. Who Tim Walz Is: While Walz himself has remained largely silent on digital assets, his alignment with stringent financial regulations and consumer protections, akin to figures like Senator Elizabeth Warren (D-Mass.) and SEC Chair Gary Gensler, suggests a possible shift towards stricter oversi

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