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Riot Platforms Inc (NASDAQ: RIOT) gained 10% today after a JPMorgan analyst issued a bullish note in its favour. What could help Riot stock moving forward? Reginald Smith agreed in a research note this morning that $RIOT is the worst-performing of all Bitcoin mining stocks that his firm covers. Still, the analyst reiterated his “overweight” […]

• April 22, 2024 06:56 AM PDT
• Invezz

Broadcom (NASDAQ: AVGO) stock price has entered a deep correction zone as the recent rally faded. It has collapsed by over 15% from its highest point this year and is hovering at its lowest level since February this year.  Internal and external factors There are three main reasons why the AVGO share price has entered […]

• April 22, 2024 06:34 AM PDT
• Invezz

Li Auto Inc (NASDAQ: LI) is down nearly 8.0% this morning after Pomerantz LLP announced an investigation into the electric vehicles company.  Why is Li Auto under investigation? The law firm is looking into concerns that the EV firm or its employees may have engaged in “securities fraud or other unlawful business practices”.  It is […]

• April 22, 2024 06:06 AM PDT
• Invezz

Albertsons Companies Inc (NYSE: ACI) is trading down in premarket on Monday even though it reported better-than-expected financial results for its fiscal fourth quarter. Why is Albertsons stock down today? The price action is interesting also because the retail chain saw its digital sales went up 24% on a year-over-year basis in Q4. Albertsons ended […]

• April 22, 2024 05:44 AM PDT
• Invezz

ZKasino, a blockchain-based gambling project, has sparked widespread outrage within the crypto community after abruptly shifting $33 million worth of investor and user funds to the Lido staking protocol. The community is enraged because ZKasino’s move deviated from its initial promise to return the funds to its users. ZKasino backpedals on initial promise ZKasino had […]

• April 22, 2024 05:04 AM PDT
• Invezz

In a move to prevent cybercrimes, Thailand’s government has decided to block unlicensed cryptocurrency firms. Thailand enhances crypto regulation Thai SEC revealed the new measures following the 19 April Technology Crime Prevention & Suppression Committee meeting. Meanwhile, the Securities & Exchange Commission received orders to submit data on illegal crypto entities to the Digital Economus […]

• April 22, 2024 04:43 AM PDT
• Invezz

Copper price continued its remarkable bull run this week, making it one of the best-performing metals this year. It has jumped to $4.5, its highest point in over two years. It jumped for four straight days and by over 120% from its lowest point in March 2020. Notably, copper has risen for five straight week, […]

• April 22, 2024 04:37 AM PDT
• Invezz

Wall Street witnessed a seismic event last Friday as a sweeping wave of selling rattled the tech giants, with Nvidia Corporation (NASDAQ: NVDA) taking a notable hit. Shedding 10% in a single trading session, Nvidia’s stock plummeted to $762 per share, marking its steepest decline since the onset of the Covid pandemic in March 2020. […]

• April 22, 2024 04:23 AM PDT
• Invezz

Telecommunications company Verizon Communications today announced their Q1 2024 results on April 22nd. The results improved upon Verizon’s disappointing Q4 2023 performance announced earlier this year, but failed to live up to expectations. The financial results Verizon revenues for Q1 2024 were $33.0 billion for total operating revenue, up 0.2 percent from the first quarter […]

• April 22, 2024 04:10 AM PDT
• Invezz

Shiba Inu’s (SHIB) layer2 scaling solution Shibarium made headlines over the weekend as it suffered a temporary glitch. Meanwhile, developer Kaal confirmed that the blockchain solution has resumed operations, attributing the outage to networking issues among validators. The temporary disruption impacted operations in the SHIB ecosystem, especially the L2 blockchain Shibarium. Shibarium up & running […]

• April 22, 2024 03:50 AM PDT
• Invezz