Shopify’s stock slides after earnings. This is what’s worrying Wall Street.
The company missed revenue expectations, a tough outcome in today’s lessforgiving tech market. Source:MarketWatch
3 signs cash-strapped consumers are nearing a ‘spend-pocalypse’ that would hurt the economy
Nearly 70% of U.S. GDP comes from consumers. What happens when they stop spending? Source:MarketWatch
NEAR token sinks 7% as proposal to cut annual token issuance passes
The proposed issuance cut would prevent 11.8 million NEAR from entering circulation over two years, worth about $45 million at today’s price.…
The stock market loves gridlock. But midterm elections won’t resolve two big money fights.
Investors hoping for an Election Day lift face a looming governmentspending showdown and growing opposition to AI data centers. Source:MarketWatch
Palantir stock is down 8%. Analysts say bookings growth is to blame.
Analysts at Morgan Stanley pointed to a slowdown in a number of bookings metrics in the third quarter as worth picking at. Source:MarketWatch
Bitcoin steadies after dip to $76,300 as ETF outflows and midterm elections weigh on crypto
Bitcoin edged up 0.2% to around $76,900 since midnight UTC as spot ETFs lost $399 million for a second day and Binance customers pulled a net $4.72 billion.…
Liquid’s bitcoin IOUs are fully backed again after a $320 million exploit
A final 250 BTC transfer closed the hole left by September’s bug, but the federation behind the network still hasn’t said who paid to fill it. Source:CoinDesk
Oil has had a massive run, but a prominent bull sees a turning point on midterm eve
Closely followed oil strategist Jeff Currie says it’s time to cash in on gains that crude has seen this year, but that the structural supercycle is still…
Thousands of Disney job cuts may be coming. Investors are asking what comes next.
Reports that Walt Disney is poised to lay off thousands of workers wasn’t moving the needle for its languishing stock on Tuesday. Source:MarketWatch
This signal from the corporate bond market has historically preceded big drawdowns for the S&P 500
The corporate bond market has been flashing a signal that historically precedes bad news for the stock market. Source:MarketWatch
What analysts are saying as Apple’s stock falls after earnings report
Shares in Apple declined 4.5% in premarket trading after investors were left feeling disappointed about the company’s gross margin outlook and slowing services…
Bitcoin price threatens $77.7K support loss with recent buyers underwater
Bitcoin fell below the realized price of the onetothreemonthold buyer cohort in a move that risked flipping it to new resistance. Source:Cointelegraph