Top 3 financial stories you don’t want to miss – Market winners, Bitcoin’s record and more!
From Bitcoin hitting an all-time high to Moderna missing its earning’s estimate, here are top stories you shouldn’t miss.
It’s been a mixed bag for financial markets as stock futures moved sideways after a tech-led decrease hit major indices. Traders are also concerned by elevated inflation still affecting a recovering global economy.
This week saw theme-park giant Disney reporting disappointing sales and profits as it continues to reel from the lack of visitors at its parks. Cryptocurrency king Bitcoin hit a record high to tease $70 000 while Moderna reels from missing its earnings expectations, despite earning billions from its vaccine rollout.
One major concern for traders an increased price pressure on consumers; the US Bureau of Labor revealed its Consumer Price Index rose by an alarming 6.2% in October, the biggest annual rise in 31 years.
November is proving to be a great month so far for crypto market. Ethereum reached an all-time high while newcomer Polkadot saw a surge in its price.
Electric carmaker Tesla continues to soar as it reaps the benefits of a fantastic earnings report.
Take a look at some market winners on CMTrading’s platform.
Pharmaceutical giant Moderna (MRNA) was one of the clear winners of the 2020-21 pandemic-driven economy. Its vaccine raked in billions through government contracts as its stock price soared.
All its success garnered over the past year came to a sudden halt following its latest disastrous earnings report.
Other cryptocurrencies have also risen to record highs, such as Bitcoin rival Ethereum, which soared to $4,837 for the first time ever.
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Prices are accurate at the time of publishing.