FTT, the cryptocurrency token of the bankrupt exchange FTX, surged over 60% in a single day, defying the broader market downturn. The spike coincided with rumors of FTX beginning repayments to fraud victims, though these were later debunked. FTT’s sudden surge, despite having no current use, highlights the volatility of the crypto market and the potential impact of speculation.
Amidst market volatility, dividend-paying stocks become attractive to investors. Benzinga highlights three real estate companies with high dividend yields, providing analyst ratings and recent news updates to aid investment decisions.
Bilibili Inc.’s (BILI) shares experienced a dip on Wednesday, despite the recent optimism surrounding Chinese equities fueled by the country’s central bank’s stimulus package. While the stock had surged on Tuesday, investors engaged in profit-taking, leading to a decline in the share price. The article explores the reasons behind this shift, including the broader market’s cooling after the initial wave of enthusiasm and concerns about the Chinese economy’s long-term prospects.
The Dow Jones Industrial Average closed slightly lower on Wednesday, but several stocks posted notable gains. Hewlett Packard Enterprise (HPE) saw a sharp jump after an analyst upgrade, and other companies like SBC Medical, Capricor Therapeutics, and Cipher Mining also saw significant increases. The news highlights the volatility in the market, with both positive and negative developments impacting individual stocks.
Join Benzinga’s virtual event on September 26th to learn how zero-day-to-expiration (0DTE) options can help navigate volatile markets. Hear from Cboe Global Markets’ Robert Hocking, a leading expert in financial product innovation, as he shares insights on effectively managing market fluctuations using this powerful trading tool.
US stock futures rose this morning, with the Nasdaq leading the way. However, several big names saw significant drops in pre-market trading, including Jin Medical International, Primega Group Holdings, and James Hardie Industries. The article details the specific losses for each company.
Apple Inc. (AAPL) is poised to gain significantly from the upcoming S&P 500 rebalancing, expected to occur on Friday. The technology giant is currently the second-largest holding in the index, but with its massive market capitalization, it is set to become the leading holding. The rebalancing coincides with new index-capping rules and the release of the iPhone 16, leading to potential market volatility.
With rising market volatility and concerns about a potential U.S. recession, investors are increasingly looking towards gold as a safe haven asset. This article explores the factors driving this shift, including the recent surge in the VIX, the DoJ investigation into Nvidia, and Warren Buffett’s decision to increase Berkshire Hathaway’s cash position. It also highlights the benefits of investing in gold through Preserve Gold, a company dedicated to providing transparent and secure gold investment services.
Bitcoin soared above $61,000 following the Federal Reserve’s unexpected 50 basis point interest rate cut, signaling a more aggressive approach to easing monetary conditions. The move sparked optimism in risk asset markets, including cryptocurrencies, with analysts predicting continued growth for Bitcoin despite near-term market volatility.
Wall Street experienced a day of modest losses ahead of the Federal Open Market Committee (FOMC) meeting, with investors uncertain about the magnitude of the expected rate cut. While a rate cut is considered a done deal, the market is divided between a 50-basis-point reduction and a smaller 25-basis-point cut. The growing expectation of a smaller cut has led to higher Treasury yields and increased volatility in the market.
