Markets

Coca-Cola is one of the few beverage and food companies worldwide still standing strong despite the ongoing global financial meltdown.  Coca-Cola Co (NYSE: KO), the global beverage giant, has demonstrated impressive resilience in its recently reported third-quarter (Q3 2023) earnings, beating analysts’ estimates and raising its outlook for the full year. The company reported net sales of $11.91 billion, indicating an 8% increase from the previous quarter, with organic (non-GAAP) revenue...

As the largest sovereign wealth fund worldwide, the Norways’s Government Pension Fund Global boasts a robust portfolio across different sectors within the financial market.  Norway’s Government Pension Fund Global, created in the 1990s to manage surplus revenues from the country’s thriving oil and gas sector, faced significant hurdles in its third quarter financial revenues ending September 2023. In an announcement on Tuesday, the Norges Bank Investment Management said the fund, which...

Despite facing challenges, the bank managed to report a net profit of £1.27 billion ($1.56 billion) for the quarter, slightly exceeding expectations of £1.18 billion. Barclays PLC (LON: BARC), one of the prominent players in the global banking industry, saw its share performance plummet by as much as 6.5% earlier today as it hinted at significant cost-cutting measures that are yet to be officially announced and billed to take effect later in the year. Barclays Anticipates Cost-Cutting...

Bitcoin (BTC) has established strong support between $25,000 and $30,000. Take a look at the next key resistance. The price of Bitcoin has been steadily rising since October 13, following its inability to break the support level of around $26,000. Since then, it has continued to climb, reaching $35,000 earlier today, a level not seen since May 2022. The move from the support level to $35,000 represents a price increase of over 30% in just two weeks. The BTC rise has boosted the hopes of...

Matrixport says BTC price may even hit the $56,000 mark by the end of the year. Earlier in the year, crypto financial services company Matrixport had predicted that the $45,000 mark would be the maximum limit to BTC price surge in 2023. However, the firm is now revisiting the old prediction as a lot has changed since that time. Citing what the Bitcoin market calls the Fear of Missing Out (FOMO) among other factors, Matrixport says BTC price may even hit the $56,000 mark by the end of the...

ADA price is showing positive signs above the $0.278 zone against the US Dollar. The price is now trading above $0.280 and the 55 simple moving average (4 hours). There was a break above a major bearish trend line with resistance near $0.2520 on the 4-hour chart (data feed via Coinbase). The price could gain bullish momentum if it clears the $0.290 and $0.300 resistance levels. Cardano price is rising above $0.278 against the US Dollar, like Bitcoin. ADA price...

Ethereum price is moving higher above the $1,750 resistance against the US Dollar. ETH price is now trading above $1,750 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $1,740 on the 4-hour chart (data feed from Coinbase). The pair could climb further if it stays above the $1,740 support zone. Ethereum price is rising above the $1,740 level against the US Dollar. ETH/USD could rise further if it clears the...

Bitcoin (BTC) registered a yearly high above $34,000 on Monday amid ongoing excitement that a spot Bitcoin ETF approval may be on the horizon for U.S. investors.  As of writing, the asset’s gains have triggered $327 million in liquidations across the crypto market in the last 24 hours.  According to TradingView, Bitcoin traded for $31,629 at 22:00 UTC on Monday, before skyrocketing to $34,140 over the next 40 minutes.  Bitcoin now trades for $33,219, which is still higher...

One of the most striking aspects of this market turmoil was the sharp increase in the Nikkei volatility index, which surged to 23.87, a level not seen in a long while. Japan’s Nikkei 225 (INDEXNIKKEI: NI225) share average faced a tumultuous day as it closed below the psychologically significant 31,000 level earlier today, primarily due to escalating events in the Middle East. This geopolitical unease sent a key volatility gauge spiking to a one-year high. Nikkei 225 Performance Breakdown...

Rise in the US Treasury Yields put pressure on the market resulting into bearish weekly start on Wall Street. Yields surge past 5% with Fed planning for higher-than-longer interest rates. Macro pressure continues to hover over Wall Street as the 10-year US Treasury yields surged higher even today on Monday, October 23. The treasury yields continue to hover at multi-year highs as investors prepare for higher-for-longer interest rates from the Federal Reserve. Around 5:54 a.m. ET, the...