1h ago
Dow rises 0.8% as investors look to bank earnings and inflation data
U.S. stocks ended higher on Friday, with the Dow up 0.8% and the S&P 500 and Nasdaq each rising about 0.6%. Investors turned their focus to next week, when third-quarter earnings season begins and key inflation data are expected. Analysts are looking for big banks to help drive overall S&P 500 profit growth of 30%. Separately, U.S. consumer sentiment weakened this month and near-term expectations fell to a record low, according to the University of Michigan.
1h ago
3h ago
Rising Treasury yields push Bitcoin down nearly 5% in the week to Oct. 9
Bitcoin traded at $82,250 U.S. as of Oct. 10, down nearly 5% over the past week and down 1.50% so far in October after a 42% gain in the third quarter. The benchmark 10year U.S. Treasury yield rose to 5.25%, its highest level since April 2002. U.S. spot Bitcoin ETFs posted net outflows of $487.1 million U.S. for the week, the largest since June 25, and are down $165 million U.S. in October. Bitmine Chairman Tom Lee said the firm will stop accumulating ETH once its holdings reach 5% of the token’s circulating supply.
BTC
BTC+0.86%
3h ago
4h ago
Bitcoin drops about 7% from highs as whales buy nearly 15,000 BTC, 166,000 ETH and 45 million XRP
The crypto market has slid recently, with Bitcoin pulling back about 7% from its highs. Contributing factors cited include U.S. government Bitcoin transfers and elevated unrealized profits. Despite the dip, on-chain data show large holders accumulated nearly 15,000 BTC (about $1.25 billion), 166,000 ETH, and more than 45 million XRP (about $63 million). The purchases suggest whales remain bullish on the outlook.
BTC
BTC+0.86%
4h ago
5h ago
HYPE whale’s $902K position swells to over $23M as on-chain data points to phased selling
An HYPE whale address that had held the token for two years has started taking profits through phased sales. The wallet built its position at roughly $3.39 to $3.72 per token for a total cost of $902K. It has sold 257,928 HYPE in tranches of 1,000 to 5,000 tokens, while the remaining holdings are valued at more than $23 million at around $85 per token, implying a roughly 26x unrealized gain. HYPE previously fell to $52 and later rebounded above $90 before the large-scale cash-out began.
HYPE
HYPE-0.01%
5h ago
5h ago
Oracle shares rise about 5% as investors reassess OpenAI revenue outlook and cloud deal exposure
Oracle shares rose about 5% on Friday, recouping losses from the prior session as investors revisited concerns tied to OpenAI. The selloff followed a report that put OpenAI’s annualized revenue at roughly $50 billion, below earlier estimates of nearly $70 billion, raising questions about its ability to support a $300 billion cloud agreement with Oracle. Oracle’s latest quarterly results also helped sentiment, with revenue up 30% year over year to $19.3 billion.
5h ago
6h ago
India’s food industry flags potential 2027 supply shock as Super El Nino threatens crops
India’s food industry is warning that a Super El Nino could disrupt crop production and trigger a supply shock in 2027, tightening availability and pushing up food inflation. Sugar experts told the Reserve Bank of India that the structural inflation risk for sugar is expected to emerge in 2027 rather than around Diwali 2026, with the next six months seen as a key window to prepare. They said the 2026-27 sugar balance sheet has very little buffer stock, and the main inflation test is expected in mid-2027.
6h ago
6h ago
General Dynamics’ largest shareholder cuts stake by about 10% since August 26
Longview Asset Management, the Henry Crown family office and General Dynamics’ largest shareholder, reduced its holding by nearly 10% between August 26 and October 1, selling about $1 billion of stock. In September, the firm accounted for 9.6% of all General Dynamics shares traded, while the stock fell 13% over the same period. The sales stood out as broader markets strengthened, with the S&P 500 rising during that time.
6h ago
6h ago
Humana shares jump more than 12% after 2027 Medicare Star Ratings lift four-star-plus coverage outlook
Humana said its Medicare Advantage members will be enrolled in plans rated four stars or higher in 2027, with coverage expected to rise to 60%–70%. About 42% of its members are already in 4.5-star plans. The company expects to receive about $4.8 billion in quality bonus payments in 2028 as a result. Comparable coverage rates at rivals UnitedHealth and CVS Health are expected to decline.
6h ago