Tag: Stock

Rivian Q4 2022 Mixed Results Sees Stock Dip as Company Prioritizes Output amid Cost-cutting Measures

In its Q4 2022 report, Rivian explained that supply chain constraints continue to affect its production capacity. Rivian Automotive Inc (NASDAQ: RIVN) recently posted its Q4 2022 earnings results, which showed mixed performances. The electric vehicle company’s revenue fell below expectations, although its adjusted loss per share fared better. Furthermore, Rivian’s production guidance for 2023 is almost twice last year’s amount but still short of the consensus estimate for the period. Nonetheless, the EV company, which saw its shares slip 8% in extended trading, remains focused on ramping up the production…

Tel Aviv Stock Exchange moves toward offering crypto trading

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A draft for the approval of an expansion of crypto trading activities to non-banking members has been published by the Tel Aviv Stock Exchange (TASE) for public comments. In a TASE first, a Feb. 27 announcement stated the proposed structure will enable customers to deposit fiat money designated for investments in digital assets. Non-banking members will act as licensed providers for crypto trading and custodial services should the proposal be approved. Customer funds will be placed in an “omnibus account” as the intermediary for crypto trading activities. It will also…

Tel Aviv Stock Exchange Takes Steps to Allow Crypto Trading – Regulation Bitcoin News

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Israel’s public stock exchange is suggesting regulatory amendments that would permit some clients to trade crypto assets. The proposals, which have been put forward for public consultation, come at the backdrop of a growing number of regulated institutions getting involved in the digital asset market, the exchange noted. TASE Exchange Moves to Regulate Cryptocurrency Trading for Brokers The Tel Aviv Stock Exchange (TASE) has published a draft proposing to allow clients of non-banking institutions (NBMs) among its members to buy and sell cryptocurrencies. It intends to expand the list of…

Tel Aviv Stock Exchange Plans to Let Customers of its Non-Bank Members Trade Crypto

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Tel Aviv Stock Exchange Proposes Allowing Crypto Trading

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The Tel Aviv Stock Exchange (TASE) has become another traditional trading floor to hop on the accelerating cryptocurrency wagon by allowing customers to transact digital assets. On Monday, TASE started a public discussion on draft rules to approve Non-Banking Members (NBMs) to trading cryptos. The proposed structure allows customers to deposit fiat money for investment in cryptocurrency, which licensed providers will trade. The Non-Banking Members will act as intermediaries between the customer and the trading and custodial services providers. When a customer places the order to buy or sell cryptocurrency,…

US Stock Market Rattled as Key Inflation Gauge Ticks Higher Rate

Despite the current outlook, a major resilience play might be in the works for the US stock market in the mid to long term. Inflationary fears are far from over in the US stock market following the release of the Federal Reserve’s preferred inflation gauge dubbed the Personal Consumption Expenditure Index (PCE). As reported by CNBC, the core PCE grew by 0.4% month on month in January and by 4.7% in the year-to-date period. This data riled the market as experts fear that this data will give the Feds the…

Etsy Reports Q4 2022 Results Beating Revenue Estimates, ETSY Stock Jumps 6%

As Etsy managed to beat the Street estimates for Q4 2022 revenue, ETSY stock price surged by 6.46% in aftermarket hours. In Q1 2023, Etsy is expecting gross merchandise sales (GMS) anywhere in the range of $2.95 billion to $3.15 billion On Wednesday, February 22, public-listed e-commerce firm Etsy Inc (NASDAQ: ETSY) reported the results for the fourth quarter (Q4) of 2022 and the entire full year. Performance of Etsy in Q4 2022 During the last quarter, the company’s revenue was $807 million up by 12% year over year. With…

Coinbase Stock Falls but Regains Losses after Its Mixed Q4 2022 Earnings Results

Bitcoin price has gained nearly 50 percent YTD, significantly contributing to Coinbase shares rallying over 72 percent since the calendar flipped. Coinbase Global Inc (NASDAQ: COIN) announced its Q4 earnings and full-year 2022 results on February 21 which has affected its stock price. The American cryptocurrency exchange reported fourth-quarter revenue of $605 million, up 5 percent from the previous quarter and beating the consensus estimate of $588 million. During the fourth quarter, Coinbase reported a loss per share of $2.46, against a forecast of about $2.52. Coinbase Stock and Its…

US Markets Tumble as Real Estate Weakens, Putin Suspends Nuclear Treaty, Morgan Stanley Warns of Stock Market ‘Death Zone’ – Economics Bitcoin News

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On Tuesday, all four major U.S. benchmark stock indexes fell as real estate data showed home sales dropped by 0.7% last month and Russian President Vladimir Putin suspended the nuclear arms control treaty with the United States. Additionally, the chief U.S. equity strategist at Morgan Stanley said the stock market is in a “death zone” and could drop another 26%. Investor Fears of a Prolonged Recession Swell, U.S. Tensions With Russia Further Disrupt Global Markets On Tuesday, markets traded lower compared to the previous day as investors have been shaken…