Meta strengthening upon earnings

Shares of Meta rose after hours about more than 18% due to the positive earnings statements for Q1. This comes as the company announced higher than expected earnings, yet it missed its revenue target. Nevertheless, the company has lost almost half of its value this year before the results were announced.

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Semtech stock dips 10%

Semtech shares dropped by 10% in a single day. Semtech Stocks are trading lower after the company announced a $250 million convertible senior notes offering. The stock is down 68% so far this year.

Elon Musk buys Twitter for $44b ๐Ÿ”ฅ

Elon Musk has decided to carry out his $44 billion plan to purchase Twitter. The announcement caused Twitter’s shares to soar, increasing by more than 22% in a single day. In addition, Carl Icahn reportedly boughtย a stake in Twitter worth more than $500 million and made a large profit from this news.

US stocks surge sharply ๐Ÿ”ฅ

Right after the American stock market opened, S&P 500 and Nasdaq rose 2.7% and 3%. This growth may be explained by expectations that weaker-than-expected US economic statistics will soften the Federal Reserve’s extreme hawkish tone.

Bovespa rose by 5.5% in one day ๐Ÿš€

Bovespa, a Brazilian stock index, rose 5.5% in a single day, close to 116,000, a level not reached since April. This is because of the first round of the presidential election. Results revealed that President Jair Bolsonaro of Brazil’s far-right party surpassed polls and still has a chance to win.

Tesla stock drops 7%

Tesla trades at $246, down 7% in a single day. Looking back, the stock dropped 10.51% over the last four weeks and is down 40% from its all-time high.

FTSE continues to drop

FTSE 100 stock index fell nearly 2% below 6,900, putting significant selling pressure on London’s stocks. Concerns about the interest rate hikes to control inflation continue to hurt markets. Moreover, the effect of the UK’s questionable fiscal strategy on global economic growth continued to dominate sentiment.

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MakerDAO’s big transaction

The so-called decentralized autonomous organization MakerDAO is transferring $500 million worth of the token to fixed-income obligations.ย These consist of corporate bonds and short-term US Treasuries.

Semtech stock dips 10%

Semtech shares dropped by 10% in a single day. Semtech Stocks are trading lower after the company announced a $250 million convertible senior notes offering. The stock is down 68% so far this year.

US initial jobless claims grow

The number of Americans submitting new applications for unemployment benefits increased by 29,000, reaching 219,000. The number increased from the five-month low. This was significantly higher than the forecast at 203,000, pointing to a possible easing of labor market conditions.

Former Terra employee arrested

After months of investigation, South Korean police have reportedly caught Yoo Mo. He is the first captured person involved in the Terra blockchain ecosystem collapse. Yoo Mo was the head of business and has done market making in his time.

Silver falls by 5% ๐Ÿ“‰

Silver rose rapidly from $18 to $21 in just a few days, and safe-haven bids propelled this growth. Now silver falls by more than 5% below the $20 mark.

Higher US jobs numbers

Private businesses in the US created 208K jobs in September 2022 compared to an upwardly revised 185K in August. This was followed after schools reopened and pandemic concerns receded. However, while job growth is stable, it remains below the recent three-month average.

News

Will gas make Russia and Pakistan allies?

Recently, there has been a lot of discussion about what allies Russia has after invading Ukraine, when Europe and the US turned away from it.
Dow Jones tries to stay above 30,000 USD
DOW
-1.2%

Dow Jones tries to stay above 30,000 USD

Stocks trade today without a clear direction, but volatility persists as Dow tries to stay above 30,000 mark.
These 5 countries avoided high inflation (at least for now) โ˜… Premium This content is only available for registered users - sign up for free now

These 5 countries avoided high inflation (at least for now)

Inflation is the hottest topic in 2022, and almost everyone experiences price increases in products and services. However, some avoided this.
EUR/GBP stays above significant support
0.26%

EUR/GBP stays above significant support

So far, the 0.87 support has held, offering some nice momentum for the bulls.