Adobe co-founder John Warnock dies at 82

(Reuters) -Photoshop maker Adobe (NASDAQ:ADBE)’s co-founder John Warnock died on Saturday aged 82, the company said in a statement early on Sunday. The cause of his death was not disclosed. “It is a sad day for the Adobe community and the industry for which he has been an inspiration for decades,” Adobe CEO Shantanu Narayen […]

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Less cash, fewer bears could leave U.S. stocks vulnerable

NEW YORK (Reuters) – Several indicators that pointed to upside for U.S. stocks this year have shifted to a more neutral outlook, potentially leaving equities vulnerable to turbulence from a recent surge in bond yields and worries over China’s economy, investors said. Some investors watch so-called contrarian indicators to gauge the market’s mood, with extreme […]

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Litecoin Falls 13% In Rout

Titan Investments – Litecoin was trading at $64.510 by 17:47 (21:47 GMT) on the Index on Friday, down 12.75% on the day. It was the largest one-day percentage loss since August 17 The move downwards pushed Litecoin’s market cap down to $4.748B, or 0.45% of the total cryptocurrency market cap. At its highest, Litecoin’s market […]

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Oil wraps 7-week rally despite rising; All eyes on China

Titan Investments — It’s over finally — oil’s seven-week rally.  And direction for crude prices hereon will likely be dictated by whether China gets to show a serious jump in the number of barrels it’s buying — or at least muster enough positivity on its economy to conjure the notion that the top oil importer […]

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Stock market today: Dow enters bull market as Powell talks up slower hikes ahead

Titan Investments — The Dow closed in bull market territory after racking up gains on Wednesday as Federal Reserve Chairman Jerome Powell’s signal that rate hikes could slow as soon as next month triggered a sea of green in big tech as Treasury yields slumped. The Dow Jones Industrial Average rose 2.2%, to enter bull market territory […]

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Futures slip after bond yields surge, Bitcoin tumbles – what’s moving markets

Titan Investments — Bond yields pull back slightly following a surge on Thursday that weighed on the main indices on Wall Street, while Bitcoin tumbles after a news report claimed that billionaire Elon Musk’s SpaceX wrote down the value of the cryptocurrency that it owns. Elsewhere, indebted developer Evergrande files for bankruptcy protection in the […]

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