derivatives

Major Wall Street indices closed in the red on Wednesday in the wake of Federal Reserve Chair Jerome Powell's testimony before Congress where he acknowledged the hardship caused by high inflation and reiterated the central bank's dedication to bringing inflation back down to the 2% goal. Apple Inc...

Major Wall Street indices closed in the red on Tuesday ahead of Federal Reserve Chairman Jerome Powell's testimony before Congress. The Nasdaq Composite closed 0.16% lower while the S&P 500 lost 0.47%. Another reason to cause concern among market participants is the higher-than-expected U.K....

Shares of Tesla Inc (NASDAQ:TSLA) surpassed the $250 resistance level this week, potentially disappointing Call sellers. The stock has shown a similar pattern in the previous week and has experienced a notable 38% rally in the past month.  Also Read: Everything You Need to Know...

After the Federal Reserve‘s decision to pause the rate hike, economic data released on Thursday boosted market sentiment, propelling the S&P 500 to its 14-month highs. The number of Americans filing for unemployment benefits rose by 262,000 in the week ending June 10,...

Major Wall Street indices ended in the green on Tuesday following the release of the May Consumer Price Index (CPI) report that showed inflation rose 4% on an annual basis, marking its lowest level in two years. The SPDR S&P 500 ETF Trust (NYSE:SPY) closed 0.66% higher on Tuesday while the...

Shares of Oracle Corporation (NYSE:ORCL) surged nearly 6% on Monday following the release of strong fourth-quarter earnings, and the stock continued its upward momentum with an additional 3.63% gain in extended trading. The company’s revenue in the quarter reached $13.8 billion, marking a 17...

Tesla Inc (NASDAQ:TSLA) shares had a good run last week having gained over 14% to close at $244.40 on Friday. Shares of the EV maker made a whopping 45% gain in the last month and as enthusiasm over technology shares continues to persist, the stock may still see some more upside. Also Read:...

Open Exchange (OPNX), a crypto-focused exchange that offers to trade claims of bankrupt cryptocurrency companies, has officially launched, according to a tweet by CEO Leslie Lamb. OPNX provides a platform for trading claims related to crypto exchange bankruptcies, with a claimed market value of $20...

Banking giant Citigroup (NYSE: C) considered partnering with Alameda Research, a now-bankrupt crypto trading firm, to launch a crypto lending business in 2020, but decided against it due to concerns about the firm's lack of risk management.  Austin Campbell, the former co-head of...

Diginex Ltd (NASDAQ: EQOS) is a digital asset ecosystem, CEO Richard Byworth told "Power Hour" host Luke Jacobi on the Benzinga YouTube show Tuesday.  Byworth continued by saying Diginex provides an exchange similar to Coinbase, but...

A team of former Morgan Stanley (NYSE: MS) developers has launched a new, "high-speed" cryptocurrency derivatives exchange, according to Cointelegraph. What Happened Eight former developers from Morgan Stanley announced the launch of a "high-speed" crypto derivatives exchange...

OpenTable (NASDAQ: OPEN) all but owns the online restaurant reservation space. That could change if Nick Kokonas has his way. Kokonas, a former derivatives trader, in 2011 came up with a unique restaurant-friendly dining out approach based on ticketed reservations. Moreover, the system may be...

Instead of “David versus Goliath,” the Senate Banking Committee had to sort out a “Goliath versus Goliath” scenario Tuesday, according to Reuters. Big aluminum buyers, represented by the second largest brewer in the U.S., charged that the largest banks in the country drove up their costs by...