Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Silver prices have experienced a significant increase, rising over 6% to exceed $33.6 per ounce. This unexpected surge has put five U.S. banks at risk of substantial financial losses due to their large short positions in the metal. What Happened: The recent spike in silver prices has led to potential losses for these banks, estimated at billions of dollars, according to a report by The Silver Academy. The Commodities Futures Trading Commission (CFTC) reports that open interest in silver futures contracts has reached…
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Investing.com– U.S. stock index futures moved little in evening deals on Thursday as investors hunkered down before a string of major technology earnings in the coming week. While Wall Street indexes rose tracking positive earnings from Tesla Inc (NASDAQ:), they were still nursing losses for the week amid persistent anxiety over the upcoming presidential election and expectations of slower rate cuts. Risk appetite was also quashed by fears of worsening geopolitical conditions in the Middle East, as Israel prepared a strike against Iran. steadied at 5,847.25 points, while fell 0.1% to 20,365.75 points by 19:30 ET (23:30 GMT). steadied at…
Trump declared that there “WILL BE NO THIRD DEBATE” in a post on Thursday.Chip Somodevilla/Getty Images Emerging markets stocks are set for their worst monthly decline since January. The slump comes as investors price in higher odds of a Trump win in the upcoming US election. Trump has pledged to drastically raise import tariffs to as high as 20%, and up to 60% for China. It’s been a tough month for emerging market stocks as the odds of a Donald Trump election win rise — and with it, the odds that his proposed tariff plan will actually see the light…
Dexcom CEO Kevin Sayer.Scott Mlyn | CNBCShares of Dexcom fell 9% in extended trading on Thursday after the company released third-quarter results that beat analysts’ expectations but showed a decline in U.S. revenue year over year.Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: 45 cents adjusted vs. 43 cents expectedRevenue: $994 million vs. $990 million expected The company’s revenue increased 2% to $994.2 million from $975 million a year earlier. Dexcom’s U.S. revenue declined 2% from $713.6 million the prior year. The company reported net income of $134.6…
Investing in cryptocurrencies might seem exciting given the digital assets’ popularity and potential for significant gains, but crypto has seen significant volatility in the past and likely will in the future. It’s important to consider a few basics before investing in crypto.5 commandments of crypto investingThe recent rise in Bitcoin’s price has caused some investors to believe in the growing acceptance of crypto, but crypto generally remains speculative and extremely volatile. Without an underlying asset to back them, crypto prices are driven solely by investor sentiment. This leaves many investors exposed to sharp losses when sentiment shifts.These five basic rules…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.Property tokenization was gaining traction among cryptocurrency enthusiasts as a novel way to real estate investment, as the broader narrative of putting real-world assets on blockchain rails gathers steam.What Happened: The high property prices in major cities like London and New York have made direct property investment increasingly unaffordable, paving the way for tokenized real estate as a viable alternative, according to a Financial Times report.Unlike real estate investment trusts (REITs) that own or finance large clusters of commercial and residential buildings, tokenized real…
By Nupur Anand WASHINGTON (Reuters) -Wells Fargo Chief Executive Officer Charlie Scharf said on Thursday that the U.S. lender may lose $2 billion to $3 billion on its commercial real estate office loan portfolio. “We’ve reserved for all of it, so the balance sheet is de-risked, but it’s going to play out over three, four years,” Scharf said at an event. He added that commercial real estate is performing very well overall, adding that concerns about the industry are decreasing as interest rates decline. “But there are real losses that will be taken because the level of demand is just…
Software giant Microsoft will hold a shareholders meeting next month—and Bitcoin is on the agenda.Microsoft (NASDAQ: MSFT) will have its annual shareholders meeting on December 9 and those who are invested in the company will vote on a number of items, according to a Thursday filing by the Securities and Exchange Commission.One of the proposals up for a vote is the “Assessment of investing in Bitcoin,” with the board recommending shareholders vote against it.It isn’t clear whether the item refers to Microsoft putting Bitcoin, the industry’s largest crypto, on its balance sheet. Microsoft did not immediately respond to Decrypt’s request…
Microsoft shareholders have requested the board conduct an assessment on whether the company should include Bitcoin on its balance sheet. Source link