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Cryptocurrencies
Russia’s leading stock exchange to offer perpetual futures on BTC and ETH
Russia’s largest stock market, the Moscow Exchange, is going to add perpetual futures on Bitcoin and Ethereum to its crypto derivatives lineup. The news comes ahead of the enforcement of the “digital currency” law next month, which thoroughly regulates investment in coins and related products. MOEX to offer new futures contracts on BTC and ETH...Cryptopolitan
Mon, Aug 17
Market Movers
SpaceX Stock (SPCX) Moved Up by 5.66% on Aug 17: Drivers Behind the Movement
• SpaceX shares rose due to optimism surrounding artificial intelligence initiatives. • Core fundamentals were supported by Starlink expansion and government contracts. • The company reported annual revenue of $18.67B and net profit of $-4.94B.
TradingKey
Mon, Aug 17
Cryptocurrencies
Ethereum opens Glamsterdam open to public testing with Platåberget launch
The Ethereum Foundation up the ante ahead on the upcoming rollout of its Glamsterdam upgrade earlier today when it announced Platåberget, a public testnet where anyone can get an preview of the upcoming upgrade before it formally goes live on mainnet. The Foundation emphasized the urgency of early action for wallets, blockchain indexers gas estimators...Cryptopolitan
Mon, Aug 17
Market Movers
Applied Materials Inc Stock (AMAT) Moved Up by 5.09% on Aug 17: Facts Behind the Movement
• Applied Materials reported record fiscal third-quarter revenue and adjusted earnings per share. • Management projected fourth-quarter revenue and earnings well above consensus analyst expectations. • Multiple analysts maintained buy ratings with an average price target of $629.01.
TradingKey
Mon, Aug 17
Market Movers
Salesforce Inc Stock (CRM) Moved Down by 3.04% on Aug 17: What Investors Need To Know
• Salesforce shares faced volatility and profit-taking after a recent short-term rally. • Investors exercised caution regarding second-half guidance and AI monetization timelines. • Technical indicators show a MACD buy signal and a neutral RSI.
TradingKey
Mon, Aug 17
Market Movers
Adobe Inc Stock (ADBE) Moved Down by 3.12% on Aug 17: Drivers Behind the Movement
• Adobe faced downward pressure amid software sector volatility and AI monetization skepticism. • Analysts maintained conservative postures with an average price target of $266.94. • Latest annual revenue reached $23.77B, accompanied by a net profit of $7.13B.
TradingKey
Mon, Aug 17
Market Movers
ServiceNow Inc Stock (NOW) Moved Down by 3.05% on Aug 17: Key Drivers Unveiled
• ServiceNow shares faced volatility and profit-taking amid sector recalibration. • AI investments and margin compression kept valuation expansion in check. • Technical indicators show a MACD value of 2.470.
TradingKey
Mon, Aug 17
Economic Indicator
Canadian Dollar: Inflation steady near target – RBC
Royal Bank of Canada (RBC) economists Abbey Xu and Nathan Janzen note that Canadian inflation rose to 3% year-over-year in July, mainly on higher energy costs, while underlying measures like CPI-trim and CPI-median stayed near the 2% target.
Fxstreet
Mon, Aug 17
Cryptocurrencies
No BTC sale this week as Strategy builds USD reserve to $4.8B
Strategy (NASDAQ: MSTR) did not have fresh Bitcoin sales to report this week, with the main changes to the Saylor-led firm’s books coming from common stock sales that earned it $333.7 million, which it directed into paying dividends, buying back its own STRC preferred share and building its USD reserve to $4.8 billion. The firm’s...Cryptopolitan
Mon, Aug 17
Market Movers
Micron Technology Inc Stock (MU) Opened Up by 4.39% on Aug 17: Drivers Behind the Movement
• Micron shares surged due to analyst upgrades and artificial intelligence infrastructure demand. • The company launched a new venture fund targeting artificial intelligence hardware. • Micron reports an annual revenue of $37.38 billion and net profit.
TradingKey
Mon, Aug 17
Market Movers
Marvell Technology Inc Stock (MRVL) Opened Up by 4.08% on Aug 17: A Full Analysis
• Marvell Technology shares rose amid strong bullish sentiment for its AI infrastructure portfolio. • Analysts maintain positive ratings with an average price target of $253.19. • The company reported $8.19B in annual revenue and $2.67B in net profit.
TradingKey
Mon, Aug 17
Market Movers
Astera Labs Inc Stock (ALAB) Opened Up by 7.14% on Aug 17: Key Drivers Unveiled
• Northland Securities upgraded Astera Labs to Outperform with a higher price target. • Quarterly revenue doubled year-over-year, supported by strong Scorpio and Aries product adoption. • Astera Labs reported an annual revenue of $852.52M and a net profit of $219.13M.
TradingKey
Mon, Aug 17
Market Movers
SanDisk Corporation Stock (SNDK) Opened Up by 5.29% on Aug 17: Facts Behind the Movement
• SanDisk projects mid-to-high-teens compound annual revenue growth through fiscal 2030. • High-performance enterprise solid-state drive demand is driven by artificial intelligence infrastructure. • The company reports annual revenue of $20.25B and net profit of $11.43B.TradingKey
Mon, Aug 17
Market Movers
Western Digital Corp Stock (WDC) Opened Up by 4.03% on Aug 17: Drivers Behind the Movement
• Western Digital reported strong financial results driven by robust enterprise storage demand. • AI deployment and cloud expansion generated favorable pricing dynamics and revenue acceleration. • The company achieved a transformed balance sheet through debt reduction and capital returns.
TradingKey
Mon, Aug 17
Forex
Canadian Dollar firms after hotter-than-expected inflation data
USD/CAD falls to its lowest level since June 3 on Monday as the US Dollar (USD) stays under pressure, while hotter-than-expected Canadian inflation data provide additional support to the Canadian Dollar (CAD). At the time of writing, the pair trades around 1.3852.Fxstreet
Mon, Aug 17
Forex
Canadian Dollar struggles against Euro as inflation accelerates to 3%
EUR/CAD edges higher on Monday, trading around 1.6070 at the time of writing, up 0.11% on the day. The pair maintains a positive bias despite a stronger-than-expected acceleration in Canadian inflation, which provides some support to the Canadian Dollar (CAD).
Fxstreet
Mon, Aug 17
Economic Indicator
China: Fiscal support to offset weak demand – Standard Chartered
Standard Chartered economists Hunter Chan and Shuang Ding note that China’s July real activity data showed weaker momentum, with estimated monthly Gross Domestic Product (GDP) growth dropping below 4.3% year-on-year.Fxstreet
Mon, Aug 17
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