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☆ Twitter partners with eToro to let users trade stocks and crypto
▼ + stars: | 2023-04-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTwitter partners with eToro to let users trade stocks and cryptoDan Primack, Axios business editor, joins 'Squawk Box' to discuss Twitter's decision with partner with eToro, how this all plays out and more.

☆ Twitter joins eToro to let users see real-time stock information
▼ + stars: | 2023-04-13 | by ( ) www.reuters.com time to read: +1 min

[1/3] A keyboard is placed in front of a displayed Twitter logo in this illustration taken February 21, 2023. REUTERS/Dado Ruvic/Illustration/File Photo/File PhotoApril 13 (Reuters) - Trading and investing platform eToro said on Thursday it has partnered with Elon Musk-led Twitter to let users access real-time prices for cryptocurrencies, stocks and others assets. The trading data will be available through Twitter's Cashtags feature, which was launched in 2012 and allows users to interact with content around an asset by inserting a dollar sign in front of the ticker. Twitter users were earlier able to view real-time trading data from markets-charting platform TradingView, but only on some assets such as the S&P 500 index and shares of certain companies such as Tesla (TSLA.O). Now, they can click through to eToro's platform to see information about the asset, with an added option to invest.

☆ Ether crosses $2,000, and Twitter teams up with eToro for crypto trading: CNBC Crypto World
▼ + stars: | 2023-04-13 | by ( Tanaya Macheel | Jordan Smith | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEther crosses $2,000, and Twitter teams up with eToro for crypto trading: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Fred Thiel of Marathon Digital Holdings discusses crypto mining's energy use.

☆ eToro CEO Lule Demmissie on cashtags and Twitter partnership
▼ + stars: | 2023-04-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmaileToro CEO Lule Demmissie on cashtags and Twitter partnershipLule Demmissie, eToro U.S. CEO, joins 'Closing Bell: Overtime' to discuss the company's partnership with Twitter.

☆ Twitter partners with eToro to let users trade stocks, crypto as Musk pushes app into finance
▼ + stars: | 2023-04-13 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Elon Musk told a Morgan Stanley conference last month he wants Twitter to become "the biggest financial institution in the world." Twitter will let its users access stocks, cryptocurrencies and other financial assets through a partnership with eToro, a social trading company. With the eToro partnership, Twitter cashtags will be expanded to cover far more instruments and asset classes, an eToro spokesperson told CNBC. We believe this partnership will enable us to reach those new audiences [and] connect better the brands of Twitter and eToro." Founded in Israel in 2007, eToro is an online brokerage that lets users buy and sell stocks, cryptocurrencies and index funds.

☆ Elon Musk edges closer to his 'everything app' dream as Twitter enables trading via eToro
▼ + stars: | 2023-04-13 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Twitter has partnered with brokerage firm eToro to give users more financial data. The collaboration is a step toward Musk's plans to create an "everything app." The new feature will begin appearing in the app on Thursday, eToro disclosed to CNBC. Twitter's new trading feature comes after Musk merged Twitter under the X Corp this week and filed for regulatory licenses that would facilitate in-app payments. Musk has plans to create a go-to app for a variety of services, and in October, he tweeted, "Buying Twitter is an accelerant to creating X, the everything app."

If the fed funds rate is discounted by core PCE inflation, the real interest rate is currently a positive 0.275%, and rising. Using annual headline PCE inflation of 5% in February, the real fed funds rate is only -0.125%. Real policy rates were positive for at least two decades up until 2002. For its part, the Fed sees the real fed funds rate ending this year around +180 bps, based on its median fed funds and PCE inflation projections of 5.1% and 3.3%, respectively. Bank of America rates strategists think this is far too optimistic, and real policy rates will be much lower.

☆ UK's Bellway to buy back shares, hike social housing output
▼ + stars: | 2023-03-28 | by ( Ajose Koilparambil | ) www.reuters.com time to read: +2 min

Chief Executive Jason Honeyman told Reuters the company started hastening construction in its social housing programme in October after a demand slump. Honeyman said homes built in the programme would make up more than quarter of overall output in the fiscal year ending on July 31. Bellway, which builds everything from one-bedroom apartments to six-bedroom family homes and luxury penthouses, said there was a moderate improvement in bookings since January. Bellway shares edged up about 1% in morning trade. ($1=0.8121 pounds)Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

☆ Tonic maker Fevertree to raise prices as glass costs soar
▼ + stars: | 2023-03-22 | by ( Radhika Anilkumar | ) www.reuters.com time to read: +2 min

Fevertree, which sells most of its upmarket mixers in glass bottles, warned in January its profits this year would be hit by an estimated 20 million pound ($25 million) increase in glass production costs. The London-based company, which supplies to about 85 countries, did not say by how much it would raise prices, nor give details of its U.S. production plans. Fevertree, founded in 2003, said it was working with glass suppliers to mitigate costs wherever possible. Coca-Cola HBC AG (CCH.L), one of Coca-Cola's many bottlers worldwide, said in February it would also increase prices to tackle rising costs. Fevertree reported a 37% fall in adjusted core profit to 39.7 million pounds for the year ended Dec. 31, in line with its guidance.

☆ S&P 500 futures are slightly higher as investors weigh Fed outlook on rate hikes: Live updates
▼ + stars: | 2023-03-22 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

U.S. equity futures were slightly higher on Wednesday evening as traders digested the latest policy update from the Federal Reserve. Futures tied to the Dow Jones Industrial Average added 71 points, or 0.2%. S&P 500 futures rose 0.2%and Nasdaq 100 futures advanced by 0.1%. The Fed's decision and subsequent comments by Chair Jerome Powell at the conclusion of the policymakers' two-day meeting weighed on stocks. "Investors thought the banking crisis could weigh on growth enough to ease inflation, but the Fed isn't taking any chances.

☆ Bitcoin is up 60% so far this year as investors rediscover appeal as alternative banking system
▼ + stars: | 2023-03-18 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Cryptocurrencies stood out this week as bank shares tumbled and the global liquidity crisis rocked the stock market. Bitcoin versus the banks The price of bitcoin twice rose above the key $25,200 level to more than $26,000, according to Coin Metrics. BTC.CM= 1Y mountain Bitcoin, 1-year Bitcoin's outperformance amid a crisis in the traditional banking system had some wondering if the price rallied on a potential narrative shift. Though bitcoin was initially designed to be digital cash and an alternative financial system, it spent much of last year trading like a speculative asset. "In practice, bitcoin isn't isolated from the traditional banking system.

☆ Crypto rallies into weekend, bitcoin heads for its best week since early 2021
▼ + stars: | 2023-03-17 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

It's headed for its best week since January 2021, which was right before the first bull run that year. Ether rose 3.5% to $1,744.24 and is on pace for its best week since August 2021. The bank's fate continued to weigh on investors even after the embattled lender said it will borrow up to 50 billion Swiss francs ($54 billion) from the Swiss National Bank. Investors have welcomed resilient crypto prices amid the banking crisis this week. The week kicked off with the closures of Silicon Valley Bank and Signature Bank late Sunday but attention was on First Republic Bank throughout the week.

If the market gyrations and Silicon Valley Bank's failure are rattling your faith in stocks, there are places to look for safety. But for cash and bond allocations, T-bills – U.S. Treasurys with maturity of one year or less – might be the ticket. The rates will adjust and correct [at some point], and these short-term rates will go back to normal," he said. When buying bank CDs, investors should be mindful of the Federal Deposit Insurance Corp.'s coverage, he said. Hans Olsen, chief investment officer of Fiduciary Trust Company, highlighted short-duration, high-quality bonds are where it's at for safety.

☆ Jerome Powell isn't winning any popularity contests among investors as markets booed his testimony on Tuesday
▼ + stars: | 2023-03-08 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

If you missed Jerome Powell's remarks from his first day on Capitol Hill yesterday, the TLDR is that more rate hikes are coming because the economy's still running hot. The market response to Powell's testimony was anything but muted. The idea is to eventually lower inflation — which most recently clocked in at 6.4% — but the more rate hikes we see, the greater the risk of a recession. So in short: stocks sold off, bond yields jumped, and traders eyed greater potential for a bigger rate hike this month. "If the totality of the data were to indicate that faster tightening is warranted, we would be prepared to increase the pace of rate hikes," Powell said.

☆ Jerome Powell's testimony is rattling markets. Here's what 4 strategists are saying about the Fed's hawkish stance.
▼ + stars: | 2023-03-07 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

On the first day of testimony to lawmakers, Jerome Powell said the Fed will likely raise rates higher than expected. Traders are pricing in higher odds of a 50 basis-point move this month after Powell's comments. Charlie Ripley, senior investment strategist, Allianz Investment Management"Unsurprisingly, Chairman Powell delivered a message with hawkish undertones in his testimony to Congress. Higher rates and inflation should prove a headwind for P/E expansion, so investors should expect total return to derive from earnings and income." Jeffrey Roach, chief economist, LPL Financial"Rates will likely be higher than expected, but inflation is still the wild card as the Fed remains data-dependent.

☆ Inflation's direction will drive crypto's action in March now that the 2023 rally has faded
▼ + stars: | 2023-03-01 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Bitcoin and ether are starting the new trading month on a positive note – following a relatively flat month – each rising less than 1% Wednesday. In the near term, our bet is on the dollar pulling back," he said Wednesday. If we're right and more upside lies ahead in the near term, it's tough to think crypto isn't a major beneficiary." Long-term investors see regulation as a positive development ultimately, but it can put pressure on prices in the near term, Kruger said. Breaking past $25,000 Although bitcoin held up in February, investors are unsure when to expect a rocket ship rally .

☆ Warren Buffett praised the practice of long-term investing in his annual shareholder letter. These are the 10 longest-held stocks in Berkshire Hathaway's portfolio.
▼ + stars: | 2023-02-28 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Warren Buffett has long praised the practice of long-term investing when it comes to stocks. "The world is full of foolish gamblers, and they will not do as well as the patient investor," Buffett said in Berkshire Hathaway's 2022 shareholder letter. These are the 10 longest-held stocks in Berkshire Hathaway's $299 billion stock portfolio. These are the 10 longest-held companies in Berkshire Hathaway's $299 billion individual stock portfolio. UPSJustin Sullivan/Getty ImagesTicker: UPSTime Held: 17 yearsPortfolio Value: $10.3 million7.

☆ The stock market and the economy are stuck on different pages - but the Fed's going to get the last word
▼ + stars: | 2023-02-27 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

It's one of my favorite books, and the idea is relevant today because "Catch-22" is a fitting characterization of what's facing stocks and economy right now. Good news isn't good news and bad news is good news. To be sure, inflation remains hot, as we saw in Friday's Personal Consumption Expenditure data — the Fed's preferred inflation gauge. Even as many top commentators are split on the outlook for the economy, markets appear stuck digesting a host of mixed signals, from strong economic data on the one hand, to fears of higher rates on the other. The billionaire Tesla chief has warned that the central bank could crush the value of the entire stock market.

☆ SEC charges Do Kwon with fraud, and other key stories that moved crypto this week: CNBC Crypto World
▼ + stars: | 2023-02-17 | by ( Jordan Smith | Talia Kaplan | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSEC charges Do Kwon with fraud, and other key stories that moved crypto this week: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Callie Cox, investment analyst at eToro, breaks down the biggest themes that moved crypto markets this week.

Analysts said the new cash may afford Bed Bath only a few quarters to revive its business, and a weakening economy would diminish any chance of a successful turnaround. Bed Bath declined to comment on Hudson Bay Capital's role in the share sale. "All is on hold," a maker of children's apparel said last week, adding that it had stopped shipping products to Bed Bath since early January. A shopping cart is seen at a Bed Bath & Beyond store in Manhattan, New York City, U.S., June 29, 2022. Reuters reported late last month that Bed Bath had lined up liquidators to close additional stores unless a last-minute buyer emerged.

Hudson Bay Capital is unrelated to Canadian department store chain Hudson's Bay Co. Bed Bath & Beyond declined to comment earlier Tuesday on Hudson Bay Capital leading investment in the share sale. A shopping cart is seen at a Bed Bath & Beyond store in Manhattan, New York City, U.S., June 29, 2022. REUTERS/Andrew KellyPrices on Bed Bath & Beyond bonds due in 2024 climbed to 24 cents on the dollar from around 5 cents, a level still indicating financial distress. Bed Bath shares rose 2.7% in extended trading, after closing down 49% on Tuesday.

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☆ Crypto Brands Reposition Themselves in Wake of FTX and Market Tumble
▼ + stars: | 2023-02-07 | by ( Patrick Coffee | ) www.wsj.com time to read: +7 min

Roughly one year ago, a handful of crypto heavyweights made swaggering debuts on the Super Bowl ad roster, airing costly commercials with messages like “Don’t miss out” (FTX) and “Fortune favors the brave” (Crypto.com). Then came the swoon in crypto and the bankruptcy of FTX. Recently, trading firm OKX scuttled its plans to buy an ad in Super Bowl LVII when FTX began to dominate the news cycle. Coinbase aims to convey its confidence in crypto “while maintaining our position as the most trusted brand in the space,” Chief Marketing Officer Kate Rouch said. “I think that, especially after the FTX collapse, there has been a real need for that across the entire crypto space,” he said.

☆ Super Bowl LVII won't have any crypto ads because firms pulled out of deals following FTX's bankruptcy
▼ + stars: | 2023-02-07 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

But this year's Super Bowl will have no crypto ads after FTX's collapse. The Super Bowl ad landscape will look much different this year, Insider previously reported. But a lot has changed since then, to the extent that there will be zero crypto ads at Super Bowl LVII on Sunday. The crypto exchange cofounded by Sam Bankman-Fried filed for bankruptcy in November, nine months after the Super Bowl, following mass customer withdrawals. The advertising landscape at this year's Super Bowl is likely to be much different to 2022, thanks to rising economic uncertainty.

☆ Why the ‘Crypto Bowl’ won’t be back this year
▼ + stars: | 2023-02-04 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —Super Bowl LVI was the crypto world’s coming out party. You can expect a lot less noise from Team Crypto during Super Bowl LVII next Sunday. Of the four crypto or crypto-affiliated companies that advertised in the Super Bowl last year, one (FTX) has collapsed completely. “Crypto firms are focusing less on crypto advertising and more on investing in better user experiences, products, and customer service,” Lacayo added. Its Super Bowl ads featured Tom Brady and Gisele Bundchen.

LONDON/SINGAPORE, Jan 31 (Reuters) - The dollar ticked higher on Tuesday ahead of a raft of central bank decisions but remained on track for its fourth consecutive monthly loss. The Federal Reserve will set interest rates on Wednesday, followed by the European Central Bank (ECB) and Bank of England (BoE) on Thursday. That meant it was set for its fourth monthly drop, having fallen around 11% since hitting a 20-year peak in late September. Investors then expect the ECB and BoE to raise their main interest rates by 50 bps each on Thursday. Sterling was last 0.29% lower at $1.231, but was on track for its fourth monthly increase.

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