It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
Citigroup's first-quarter earnings topped expectations, driven by stronger trading revenue. However, profits fell due to higher expenses and credit costs. Revenue also declined slightly. Despite the overall performance, the bank completed its planned corporate overhaul and simplified its management structure. Citigroup's full-year guidance for revenue and expenses remains to be seen in light of these results.
The stock market had a busy day on Tuesday with ups and downs. The tech-heavy Nasdaq gained, the S&P 500 rose a little, and the Dow slipped slightly. Some experts think it will keep being volatile because of a report on inflation coming up. They also looked at three stocks: Nvidia went down, Royal Caribbean fell below its breakout point, and New Tanx stayed steady. Analysts advise caution and watching key economic data as the market may move suddenly.
Bitcoin's price swings follow a pattern of ups and downs. Currently, it's in a downward trend, which could mean a price drop of up to 40%. This trend is normal and expected. A special trading tool, X1algo, predicted the decline and has issued a sell alert. By following its signals, investors can avoid losses and earn profits during Bitcoin's price fluctuations.
Bitcoin experienced a 7% drop overnight, falling from $72,000 to $67,000. This is a significant event as Bitcoin has been gaining mainstream acceptance. Experts say this drop is healthy and removes excessive speculation. Bitcoin is still up 57% this year and has climbed due to anticipation of Bitcoin ETFs. Despite its recent high, Bitcoin is known for rapid rallies and dramatic drops. Crypto optimists hope that its volatility will decrease as it matures.
Major pre-market headlines include:
- Carnival Corporation's stock surge due to lifted COVID-19 restrictions.
- Netflix's mixed financial performance due to new content success but increased competition.
- BP's environmental scrutiny and pressure to reduce emissions.
- Steady growth and expansion by Microsoft and Alphabet.
- Nordstrom's sales challenges and potential store closures.
