Crypto and Stocks News

Chinese crypto news portal CoinWorld is shutting down, Chinese media reported on Wednesday without saying where they got the information.

LONDON (Reuters) -OPEC stuck to its forecast for a strong recovery in world oil demand in the rest of 2021 and predicted oil use would rise in 2022 at similar to pre-pandemic rates, led by growth in the United States, China and India.

Netflix Inc., marking its first big move beyond TV shows and films, is planning an expansion into video games and has hired a former Electronic Arts Inc. and Facebook Inc. executive to lead the effort.

Dogecoin (CRYPTO: DOGE) traded 9% lower over a week at press time, but over 24 hours the cryptocurrency gained over 3%.

AMC Entertainment Holdings, Inc. (NYSE:AMC) stock has caught the attention of all types of traders and investors.

The S&P 500 was set to start Monday lower, coming down from fresh records reached on Friday after a bumpy week of trading on Wall Street.

Oil climbed toward $74 a barrel as investors tracked the high-stakes impasse between Saudi Arabia and the United Arab Emirates that’s stymied efforts to raise OPEC+ production to meet a resurgence in demand.

The OPEC+ oil cartel is facing its biggest crisis since a price war at the start of the coronavirus pandemic.

The Biden administration is pushing for a "compromise solution" in stalled OPEC+ oil output talks, a White House spokesperson said on Monday.

US oil prices are falling , reversing earlier gains, after OPEC's meeting ended without an agreement. That's exactly as it should be.

Refiners in China are increasing imports of crude oil as they look to meet growing domestic demand, driven by increased activity in their industrial and transport sectors. China reported GDP growth of 2.3% in 2020, with fourth-quarter GDP coming in at 6.5%, after it succeeded in getting COVID-19 cases under control early in the year, enabling it to lift lockdown restrictions and allow economic activity to resume.

Robinhood made a loss of $1.4bn (£1bn) in the first three months of this year amid the GameStop chaos, the stock trading app revealed as it applies to go public.

OPEC+ is meeting Thursday to discuss output quotas for August and potentially beyond as oil prices hit three-year highs.

Oil rose above $74 a barrel as the market waited for a meeting later on Thursday at which OPEC+ will decide on production levels.

The price of bitcoin (BTC-USD) slipped on Thursday as some of the world’s leading hedge funds look to get involved in the cryptocurrency market.

The chief executive of eToro, the fast-growing equity, derivatives and cryptocurrency trading platform, expects regulators to impose new rules to protect investors in bitcoin and other digital currencies, following actions such as the UK’s clampdown on the crypto exchange Binance.

With the Organization of the Petroleum Exporting Countries set to meet Thursday, many expect an increase in oil supply to be on the docket. That could make crude prices, which have stalled recently, drop.

The first time Changpeng Zhao left China, he was just 12 years old. His father, an academic who had been forced out of university during Mao’s Cultural Revolution, had fled to Canada when Zhao was six, and it took until 1989 for the rest of his family to follow.

On Wednesday, Robinhood reached a settlement with FINRA over a multitude of issues, agreeing to pay a fine of $57 million and restitution to customers of $12.6 million.

The "meme trade" has been one of the market's defining trades this year. And while some investors have chosen to ignore the action we've seen in shares of GameStop (GME) or AMC (AMC) amid a value rotation, rising bond yields, and a booming economy, these retail-driven trading frenzies are starting to reshape the fundamentals of these businesses. They're more than just a sideshow.

GRAPEVINE, Texas, June 22, 2021 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that it has completed its previously announced “at-the-market” equity offering program (the “ATM Offering”).