Market Updates

US stocks rise after strong retail sales data; Citigroup, HD, UAL surge

 US stocks rise after strong retail sales data; Citigroup, HD, UAL surge

Benchmark US indices edged higher on Tuesday, May 17, lifted by gains in technology, retail, and bank stocks after strong retail sales data eased investors' concerns over a slow economic growth. The S&P 500 rose 2.02% to 4,088.85. The Dow Jones ...

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Bitcoin at $30,000: What does 5-year historical price data indicate?

Bitcoin at $30,000: What does 5-year historical price data indicate?

Highlights Prices of altcoins like ETH have largely mirrored the price trend of BTC in 2022, which shows correlation BTC has the biggest share in the total market cap of cryptoverse, which is often referred to as its dominance Bitcoin price ha...

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NZX 50 closes in red as FPH, AIA, AIR suffer losses

NZX 50 closes in red as FPH, AIA, AIR suffer losses

  • May 17, 2022 09:54 PM NZST
  • Manika

The New Zealand share market inched slightly higher but closed in the red taking cues from the US market, which also closed in the red on Monday. Heavyweights on the NZX suffered losses, something that also pulled the market down intraday. In gener...

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DEI stablecoin loses USD peg after TerraUSD. Why?

DEI stablecoin loses USD peg after TerraUSD. Why?

Highlights After TerraUSD’s decline, the stress in stablecoin category seems to have gripped DEI crypto DEI is a part of DeFi project titled DEUS Finance, a protocol with its second token DEUS DEI was trading at a price of nearly US$0.6 ...

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What is Bityuan crypto and is BTY token safe?

What is Bityuan crypto and is BTY token safe?

Highlights Though the total market cap is back to US$1.3 trillion level, there is no certainty about future Bityuan talks about parachain development services, with multiple nodes backing the mainnet BTY token of Bityuan has yet to list for tr...

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Commodity wrap up: Oil, gold dip on strong dollar and lower Chinese demand

Commodity wrap up: Oil, gold dip on strong dollar and lower Chinese demand

Highlights The prices of both crude oil benchmarks gained more than 3.26% during the last week. Gold and silver logged a significant drop in their prices in the last week. The prices of base metals including copper, aluminium, and iron ore als...

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Bitcoin (BTC) dips below US$30,000, sliding for seventh straight week

Bitcoin (BTC) dips below US$30,000, sliding for seventh straight week

Highlights: Bitcoin (BTC) traded below the US$30,000 mark on Monday, continuing its decline. Bitcoin prices were down for the seventh consecutive week for the first time. Bitcoin hit an all-time high of US$68,789.63 in November 2021. The ...

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What is Arweave (AR) crypto? and What is its Open Web Foundry?

What is Arweave (AR) crypto? and What is its Open Web Foundry?

Highlights Arweave (AR) is a decentralized storage network. It aims to offer a platform for unlimited data storage. AR is the native token of the Arweave network. The seventh edition of the 'Open Web Foundry', an incubator program, is schedule...

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Why is Celsius (CEL) crypto gaining attention?

Why is Celsius (CEL) crypto gaining attention?

Highlights: Celsius (CEL) is a crypto banking and financial services platform. The CEL token can be traded on exchanges like OKX, Bybit, etc. Celsius Mining LLC has recently submitted a draft registration statement on Form S-1 confidentially w...

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Why Beefy Finance (BIFI) crypto volume surged 3000%?

Why Beefy Finance (BIFI) crypto volume surged 3000%?

Highlights  Beefy Finance (BIFI) is a decentralized, multi-chain, yield-optimizer platform. Its main products are vaults, where one can stake crypto tokens.  The platform has a Total Value Locked (TVL) of US$396.7 million. Beefy...

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NZX 50 falls 0.09%; WDT, CRP shine, SMW and RYM turn dilute

NZX 50 falls 0.09%; WDT, CRP shine, SMW and RYM turn dilute

price rise The benchmark index S&P/NZX50 dropped due to fears over interest rate hikes and mounting inflationary concerns. The New Zealand share market dipped on the opening day of this week as investors remained worried, anticipating furt...

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