Following a notable liquidation event during the early hours of Friday, Feb.13, Bitcoin price action transitioned into a defensive consolidation phase as the market sought a stable floor. The bellwether faced significant downward pressure in the pre-dawn session, sliding toward a weekly low of approximately $65,000 amidst a massive flush of leveraged positions. Total crypto
Kalshi is moving into the sports insurance sector through a partnership with specialist broker Game Point Capital, signalling a shift in how insurers hedge financial exposure tied to sports performance. The regulated prediction market exchange is positioning itself within a fast-growing industry valued at around $9 billion annually and expected to double by 2030. The
X is moving deeper into financial services as its long-awaited payments platform, X Money, enters internal testing and prepares for a wider rollout. The initiative marks a major step in Elon Musk’s effort to transform X from a social media network into a financial ecosystem. By combining messaging, payments, and asset management, the platform aims
Tesla stock rose about 2.5% on Monday, extending a rebound that began late last week, as investors responded to fresh updates on the company’s commercial truck program and renewable energy ambitions. The move followed a 3.5% gain on Friday, which provided some relief after a difficult stretch for the stock. Entering Friday’s session, Tesla shares
Workday stock price has slipped into a technical bear market, moving from a record high of $310 in 2024 to the current $155. It is hovering at its lowest level since 2024, and has become a bargain as investors dump software companies. Workday stock has crashed amid software jitters Workday is a top software company
Indian state refiners Indian Oil Corp and Hindustan Petroleum Corp have purchased a combined 2 million barrels of Merey crude from Venezuela, with delivery scheduled for the second half of April, according to a Reuters report. A Very Large Crude Carrier (VLCC) will transport the crude oil, which is being sold by Trafigura, according to
Markets remained on edge through the week, with Big Tech spending fears, central-bank signals, and a sharp crypto rebound colliding in a volatile session. Amazon shares slid on alarm over massive AI capital spending, while India’s central bank stood pat on rates, striking a steady tone on growth. Wall Street also digested Goldman Sachs’ push
The oversupply in the oil market at the beginning of the year is likely to have been sharply lower than previously expected. The International Energy Agency (IEA) has revised its outlook for the global oil market, specifically downgrading its prior expectations concerning the magnitude of the supply surplus. This adjustment was not a recent development
US stocks rose on Friday, positioning major indexes for a positive end to a volatile week marked by sharp losses in technology shares and renewed concerns over cryptocurrency markets. The S&P 500 gained about 0.9%, while the Nasdaq Composite advanced 0.8%. The Dow Jones Industrial Average climbed 573 points, or roughly 1.1%. The gains pushed
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