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Line Corp gears up for food fight in Thailand

6 years 1 month ago
Line Corp's food delivery business in Thailand is gearing up for a prolonged battle with players ranging from SoftBank-backed Grab to banks after a merger with a listings heavyweight and an outside capital injection.

Taiwan Stock Market May Run Out Of Steam

6 years 1 month ago
(RTTNews) - Ahead of the long weekend for the Mid-Autumn Festival, the Taiwan stock market had moved higher in three straight sessions, advancing more than 280 points or 2.2 percent along the way. The Taiwan Stock Exchange now rests just above the 12,515-point plateau although i

Lower Open Anticipated For Singapore Stock Market

6 years 1 month ago
(RTTNews) - The Singapore stock market headed south again on Friday, one session after it had halted the two-day slide in which it had fallen more than 15 points or 0.6 percent. The Straits Times Index now sits just above the 2,496-point plateau and it may extend its losses on M

Malaysia Stock Market Tipped To Remain Rangebound

6 years 1 month ago
(RTTNews) - The Malaysia stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day winning streak in which it had gained almost 15 points or 1 percent. The Kuala Lumpur Composite Index now rests just abov

Rally May Stall On Monday For South Korea Shares

6 years 1 month ago
(RTTNews) - Ahead of the long break for the Chuseok Festival, the South Korea stock market had finished higher in three straight sessions, advancing more than 55 points or 3.5 percent along the way. The KOSPI now rests just beneath the 2,330-point plateau although it may open lo

Square Capital Chief Resigning

6 years 1 month ago
Square (NYSE: SQ) is losing a top figure in an important business division. The financial services company divulged in a regulatory filing that Jacqueline Reses, lead of its Square Capital unit, has resigned from the company. The move is effective as of Oct. 30.

Why Shares of Pinduoduo Fell 16.6% in August

6 years 1 month ago
What happened Shares of Chinese e-commerce upstart Pinduoduo (NASDAQ: PDD) plunged 16.6% in September, according to data from S&P Global Market Intelligence. There wasn't a whole lot of news on Pinduoduo during the month, as the company reported earnings toward the end of Au

Why Meritage Homes Shares Popped 15% in September

6 years 1 month ago
What happened Shares of homebuilder Meritage Homes (NYSE: MTH) popped 15% in the month of September, according to data provided by S&P Global Market Intelligence. The U.S. housing market has shirked COVID-19 pandemic woes and is on a surge, with home sales in August soaring

Why Shares of 2U, Inc. Fell 18.2% in September

6 years 1 month ago
What happened Shares of 2U, Inc. (NASDAQ: TWOU) fell 18.6% in the month of September, according to data from S&P Global Market Intelligence. The online education provider cooled off after the stock had run up over the first eight months of the year, like much of the technol

Why Red Robin Gourmet Burgers Jumped 18.4% in September

6 years 1 month ago
What happened Shares of Red Robin Gourmet Burgers (NASDAQ: RRGB) rose 18.4% in September, according to data from S&P Global Market Intelligence, after telling investors early in the month its business was improving as comparable sales improved ever so slightly as the weeks p

5 Moves to Ensure You're a Retirement Multi-Millionaire

6 years 1 month ago
There's a more foolproof way to become a multi-millionaire than playing the lottery or trying to found a huge corporation. It starts with something you probably already have -- a retirement account. But just owning one and contributing some of each paycheck isn't enough. You nee

Why Tesla Stock Fell 13.9% in September

6 years 1 month ago
What happened Shares of Tesla (NASDAQ: TSLA) slumped 13.9% in September, according to data from S&P Global Market Intelligence. The electric vehicle (EV) company is one of the most hotly contested stocks on the market, but so far bulls have been clear winners -- with the sto

Why Snap Gained 15.6% in September

6 years 1 month ago
What happened Shares of Snap (NYSE: SNAP) gained 15.6% in September, according to data from S&P Global Market Intelligence. The social media platform was a winner during an otherwise tough month for tech stocks, as a potential ban on rival Chinese social media platform Tik-

Bitcoin Volatility Hits 23-Month Low as the Cryptocurrency Shrugs Off BitMEX, Trump’s Illness

6 years 1 month ago

Bitcoin’s 180-day volatility dropped to its lowest mark since November 2018, reaching a 23-month low of 0.028 on Sunday, as the market was mostly unfazed by a week of unsettling news.

  • Bitcoin (BTC) started to stumble through Thursday and Friday after the U.S. Commodities and Futures Trading Commission and Department of Justice leveled charges against BitMEX’s founders and President Donald Trump tested positive for COVID-19.
  • But both news items resulted in a less-than-five-percent drop for the leading cryptocurrency, continuing a period of uncharacteristic calm in a frequently volatile and fickle market. 
  • According to data from Coin Metrics, bitcoin volatility has dropped 43% in the past 30 days.
  • Many traders have stayed bearish through the weekend as indicated by perpetual futures funding rates on leading derivative exchanges OKEx, BitMEX, and Huobi.
  • Funding rates on all three exchanges turned decidely negative Friday as traders took on an increasing amount of short positions, according to data from Skew, with negative rates continuing through the weekend.
  • As the market digests a lot of news all at once over a quiet weekend, some buyers moved to start reversing earlier declines, pushing BTC above $10,640 early Sunday morning, up 2.5% from last week’s low of $10,375.
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Why BigCommerce Holdings Plunged 29.3% in September

6 years 1 month ago
What happened Shares of BigCommerce Holdings (NASDAQ: BIGC) fell 29.3% during the month of September, according to data from S&P Global Market Intelligence. The e-commerce software platform had a number of factors going against it during the month. Most notably, BigCommerce
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