Cryptocurrency prices were mostly higher early Tuesday, with Bitcoin crossing the $ 40,000 threshold for the first time in several days.
Bitcoin traded at around $ 40,745, an increase of almost 4.5%, while ethererum and dogecoin were also higher, trading at around $ 3,040 (+ 4.94%) and 13.97 cents (3.25%), respectively, according to Coindesk .
TerraUSD stablecoin, the fast-growing, popular currency, comes with some risk due to its reliance on algorithms to hold its dollar bond.
“It’s all fun and games if you’re a $ 5 [billion] or $ 10 billion market value stablecoin, “said Tether Chief Technology Officer Paolo Ardoino in an interview with CoinDesk. But that may change as the market value of stablecoin increases, the report said.
The average price for a gallon of gasoline in the United States rose early Tuesday to $ 4,101, according to the latest figures from AAA.
The price on Monday was $ 4,087.
The previous record high was $ 4.33, set on Friday, March 11, 2022.
Shares rise early Tuesday, 1st quarter earnings due
|Me: DJI||$ 34,411,69||-39.54||-0.11%|
|I: COMP||$ 13,332.36||-18.72||-0.14%|
U.S. equities were higher early Tuesday as Wall Street looks forward to the flood of financial earnings with Dow members, Travelers, Truist Financial and Fifth Third Bancorp announcing results.
Also keep an eye out for figures from another Dow member, the pharmaceutical and consumer health giant Johnson & Johnson, as well as the aerospace / defense company Lockheed Martin, the oil and gas service giant Halliburton and the toy manufacturer Hasbro among others.
In the afternoon, the spotlight will turn on Netflix when the streaming giant becomes the first of the big consumer / tech titans to announce results from January-March.
Analysts surveyed by Refinitiv expect earnings per share will fall 23% from a year ago to $ 2.89 on a 10.7% jump in revenue to $ 7.93 billion.
Analysts forecast 2.5 million new subscribers for the March quarter, matching Netflix’s own forecast and a 37% drop from 3.98 million in the quarter last year.
Oil reaches the highest prices of the month due to concerns about tight supplies
Oil prices have risen to their highest prices in the month so far, lifted by concerns about tight supplies.
“The impact of long-term undersupply continues to provide fundamental support to the market,” said Robbie Fraser, Global Research and Analysis Manager at Schneider Electric, in a daily note. “The longer these conditions continue, the more it forces inventory levels lower, which in turn raises the floor for where prices can trade in the short term.”
“However, these conditions have been further exacerbated by short-term challenges, with an outcome on Libya’s largest oil field being the latest example,” he said. “In the midst of major protests, the Sharara field has been closed, at least temporarily, with government officials warning that all exports from Libya are now threatened.”
West Texas Intermediate crude for delivery in May rose 1.2% to settle at $ 108.21 per tonne. barrel.
Forward contract prices reached their highest finish since March 25, according to Dow Jones Market Data. June Brent crude, the global benchmark, added 1.3% to $ 113.16 per share. barrel, with prices at their highest settlement for the month so far.
Musk wanted to eliminate Twitter board salaries
Billionaire Elon Musk would cut the salaries of Twitter’s board to zero if his ongoing attempt to buy the company succeeds, Musk announced Monday.
Musk offered to buy Twitter and take it private for $ 54.20 last week, and Twitter’s board is working to combat the acquisition. Board members currently earn between $ 200,000 and $ 300,000 in salary, which equates to an annual cost of about $ 3 million for the company. “
Board salary will be $ 0 if my bid succeeds, so it’s ~ $ 3 million saved a year right there, “Musk tweeted.
Last week, Twitter’s board adopted a so-called poison pill in its attempt to ward off Musk’s offer. The move gives all of Twitter’s current shareholders – except Musk – the opportunity to buy additional shares at a reduced price. Although it seriously detracts from the value of the company, it also dilutes Musk’s ownership interest in the company.
Gold futures are advancing in early Asian trade
Gold futures developed with little prospect of a speedy end to Russia’s invasion of Ukraine in sight, contributing to global inflation, supporting demand for sanctuary and lifting prices to their highest finish in more than five weeks.
“Gold is directly benefiting from the inflationary effects of the Russia-Ukraine conflict, which are now more meaningful than direct military developments in the market sense,” said Stephen Innes, managing partner at SPI Asset Management.
“These consequences have fabricated a hyperinflationary environment that sees gold investors fill up on paper and [the physical metal] for the possible procession to recession, “Innes added.
Gold futures for delivery in June rose 0.6% to settle at $ 1,986.40 per share. ounce on Comex.
The settlement was the highest for a most active contract since March 10, according to Dow Jones Market Data.
Airlines are responding to the judge’s mask order
Several airlines said Monday they would no longer enforce COVID mask mandates for employees and travelers following a move by a federal judge to cancel the Biden administration’s mask mandate for travelers.
“With immediate effect, masks are no longer required at United on domestic flights, selected international flights (depending on the country of origin’s mask requirements) or at US airports,” United Airlines told FOX Business in a statement.
“Delta Airlines initially said it would” continue to comply with the TSA Mask Safety Directive until otherwise informed by the TSA, “before the policy became optional for its employees and customers.
Alaska Airlines reportedly said it would make mask wearing optional on its flights.