Bitcoin (BTC-USD) prices briefly jumped above $50,000 on Monday, a benchmark value the cryptocurrency hasn't sat at since late 2021. Yahoo Finance Live monitors bitcoin's intraday price action and comments on the enthusiasm re-injected into the crypto space since the trading of spot bitcoin ETF offerings in January. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
Bitcoin (BTC-USD) prices briefly jumped above $50,000 on Monday, a benchmark value the cryptocurrency hasn't sat at since late 2021. Yahoo Finance Live monitors bitcoin's intraday price action and comments on the enthusiasm re-injected into the crypto space since the trading of spot bitcoin ETF offerings in January.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Luke Carberry Mogan.
Reuters
The investment is Stellantis' third in an EDM manufacturing facility after Tremery-Metz in France and Kokomo, Indiana in the United States. Additionally, Stellantis is increasing 2024 production of next-generation electrified dual-clutch transmissions (eDCTs) for hybrid and plug-in hybrid vehicles at its facility in Mirafiori Complex, Italy. The expansion at the Szentgotthard plant, which currently builds internal combustion engines for Stellantis vehicles, will include machining key components and final assembly and testing of 3-in-1 EDMs.
Bloomberg
(Bloomberg) -- The S&P 500 Index is approaching a technical roadblock after eclipsing 5,000 for the first time — triggering a contrarian sell signal for stocks on Friday, according to Piper Sandler & Co.’s Craig Johnson.Most Read from BloombergPentagon Chief Austin in Critical Care for Bladder IssueS&P 500 Rally Hits a Wall in Run-Up to CPI Report: Markets WrapOnce-Bitten Europe Is Better Prepared for Trump’s NATO TiradesTrump Says There’s ‘No Way’ Taylor Swift Can Endorse BidenJohnson, the firm
Reuters
Bankrupt Brazilian airline Gol on Monday received a U.S. court's permission to probe rival LATAM Airlines' alleged effort to poach Gol's Boeing 737 aircraft. Gol has accused Chile-based LATAM of taking advantage of Gol's bankruptcy by trying to poach its aircraft, hire away its pilots, and discourage travel agents from booking customers' flights with Gol. At a court hearing in Manhattan, Gol attorney Andrew Leblanc told U.S. Bankruptcy Judge Martin Glenn that the company needs to investigate whether LATAM's tactics violated U.S. bankruptcy law.
Reuters
Some pilots at Spirit Airlines are worried and scouring for other opportunities after a U.S. judge last month blocked the low-cost air carrier's proposed merger with competitor JetBlue Airways, throwing its future into doubt. Spirit pilots, recruiters and industry sources told Reuters that the ruling has led to increased job applications at other places of employment. Spirit Chief Financial Officer Scott Haralson last week said the company was looking into "right sizing" its labor costs, adding to the uneasiness.
Benzinga
Last week, Snap (NYSE: SNAP) stock got crushed as they tumbled nearly a third after the social media company published its fourth quarter results on Tuesday, a day after announcing it will be cutting 10% of its global workforce as part of its reorganization that aims to reduce hierarchy and promote better collaboration. Even Facebook and Instagram owner, Meta Platforms (NASDAQ: META) and Google and YouTube parent Alphabet (NASDAQ: GOOG) were not immune to layoffs that plagued the industry. But t
Bloomberg
(Bloomberg) -- Nearly 20% of outstanding debt on US commercial and multifamily real estate — $929 billion — will mature this year, requiring refinancing or property sales. Most Read from BloombergPentagon Chief Austin in Critical Care for Bladder IssueS&P 500 Rally Hits a Wall in Run-Up to CPI Report: Markets WrapOnce-Bitten Europe Is Better Prepared for Trump’s NATO TiradesTrump Says There’s ‘No Way’ Taylor Swift Can Endorse BidenThe volume of loans coming due swelled 40% from an earlier estima