Latest News
Bitcoin Retreats Below $70K as Market Sentiment Shifts from Dip-Buying to Rally-Selling
Bitcoin struggles to hold $70,000 as traders pivot from 'buy the dip' to 'sell the rip,' with $9 billion in liquidations and rising stablecoin allocations signaling caution.
Eddie Bauer Retail Arm Files Chapter 11, Launches Store Liquidation
The operator of Eddie Bauer's physical stores has initiated Chapter 11 bankruptcy proceedings, commencing going-out-of-business sales at approximately 180 locations across North America while seeking a buyer by mid-March.
ImmunityBio Shares Stabilize After 15% Surge, Focus Turns to Upcoming Earnings
ImmunityBio's stock held steady near $7 in premarket trading following a sharp 14.6% rally. Investors are now awaiting the company's quarterly results, due in early March.
Lithium Prices Steady Amid Sluggish Chinese Demand; Miners Secure Floor-Price Contracts
Spot lithium carbonate prices in China held near 136,000 yuan per ton as buying activity slowed. Australian miner PLS Group signed a two-year supply deal with Canmax Technologies featuring a $1,000 per ton floor price.
Oil Prices Dip Amid Strait of Hormuz Tensions, Traders Await U.S. Inventory Data
Brent crude declined 0.35% to $68.80 per barrel as geopolitical risks in the Strait of Hormuz persisted. Market participants are focused on upcoming U.S. stockpile figures and developments regarding Iran and EU sanctions.
Heating Oil Futures Dip as Geopolitical Tensions Ease, Traders Eye Inventory Data
NYMEX heating oil futures declined 0.7% to $2.3996 per gallon, tracking a pullback in crude oil. Market focus shifts to Wednesday's U.S. distillate inventory report for direction.
Gasoline Futures Gain Amid Geopolitical Tensions, Traders Eye Inventory Data
RBOB gasoline futures rose over 1% as U.S.-Iran tensions near the Strait of Hormuz kept traders cautious. The national average pump price increased to $2.921 per gallon.
Mortgage Rates Hold Steady Near 6.3% as Key Economic Data Awaited
U.S. 30-year fixed mortgage rates remained near 6.28% early Tuesday, with markets focused on upcoming employment and inflation reports. Rocket Companies shares gained in premarket trading.
Oil Prices Retreat as Hormuz Tensions Offset by Supply Resilience
Brent crude edged lower Tuesday, paring gains from a geopolitical risk rally sparked by U.S. warnings near Iran. Market focus shifts to inventory data and OPEC's monthly report.
Oil Prices Retreat as Geopolitical Tensions Maintain Supply Risk Premium
Brent and WTI crude declined Tuesday amid heightened U.S.-Iran tensions and new maritime guidance for the Strait of Hormuz. Traders await U.S. inventory data for further market direction.
Markets Await Retail Sales Data and Treasury Auction Amid Flat Futures
U.S. stock futures held steady early Tuesday as investors braced for December retail sales figures and a $58 billion 3-year Treasury note auction. The Dow closed at a record high for a second consecutive session on Monday.
Natural Gas Futures Extend Losses on Milder Weather Outlook, Storage Data Awaited
U.S. natural gas prices declined further early Tuesday, pressured by forecasts for warmer late-February weather reducing heating demand. Market attention turns to Thursday's storage report for signs of inventory trends.