Nasdaq has submitted a 19b-4 filing to the US Securities and Exchange Commission (SEC) seeking approval to list the 21Shares SUI ETF. The filing, which is now published in the SEC’s public register, initiates the formal beginning of the regulatory review process and follows 21Shares’ S-1 registration statement, which was filed in April. Bringing SUI…
TLDR: Cardano could gain 660% if it repeats its previous Fibonacci-based bull cycle. Price action remains steady with strong support seen near the $0.51 level. Nasdaq index listing adds legitimacy to ADA, boosting long-term investor confidence. Analysts eye $1.00 as the next major resistance before a potential breakout run. Cardano (ADA) may be gearing up…
Risk sentiment improved last week, driven by the solid US non-farm payroll report that helped ease fears of a deepening slowdown. Adding to the optimism was a thaw in US-China relations. While no concrete breakthrough emerged, the fact that both sides were willing to engage again offered some relief to global markets weary of tariff…
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Markets endured another week of trade confusion, with sentiment swinging sharply on alternating headlines. As a result, investor confidence remains fragile, with markets finding little footing as the tug-of-war between hopes of progress and fear of escalation continues. While the 90-day reciprocal tariff truce is now in effect, its second half is shaping up to…
Trump blasts China for supposedly violating trade agreement. MRVL sells off nearly 8% as semiconductors see multiple compressions. Germany proposes a new 10% tax on US internet platforms. University of Michigan data shows improving consumer outlook in May. US tech stocks are shedding weight on Friday following several negative news stories. The NASDAQ Composite has…
A widely followed crypto analyst and trader is forecasting that Bitcoin (BTC) will start outperforming gold. In a new video update, the host of InvestAnswers tells his 565,000 YouTube subscribers that the top crypto asset by market cap should outpace gold over the coming months, as he says the precious metal looks overextended following its…
Function: Major Trend. Mode: Motive. Structure: Triangle. Position: Wave [4]. Source link
Nasdaq jumped more than 10% as stocks hit a rebound from lows after US President Donald Trump announced a 90-day pause on tariffs imposed worldwide, except China upon which he raised duties to 125%. The Nasdaq Composite surged 10.94% or 1,669 points to 16,9367 at 2.31 pm. Wall Street’s other indexes Dow Jones rose 7.4%…
Wall Street’s main indexes flitted between red and green on Tuesday afternoon after rallying sharply in the morning as investors’ hopes ebbed for U.S. delays or concessions on tariffs ahead of a midnight deadline. After stocks tumbled at their fastest pace since the pandemic in the last three days investors showed some signs of hope…