An Hour Ago
Bitcoin drops to $46,000 as SEC clarifies it hasn’t approved crypto ETF
Prices of bitcoin dropped to around $46,000 after the U.S. Securities and Exchange Commission clarified on Tuesday it had yet not approved ETF trading for the cryptocurrency.
Bitcoin had shot up to almost $47,000 after a false post from the SEC’s X account said the regulator had approved bitcoin ETFs for trading.
However, an SEC spokesperson told CNBC that its X account had been compromised, and the post regarding bitcoin ETFs was not made by the SEC or its staff.
Following the SEC’s clarification bitcoin dropped to about $45,400, before recovering slightly.
4 Hours Ago
Australia November inflation slows more than expected
Australia consumer price index rose 4.3% year on year in November, its smallest increase since January 2022 and lower than the 4.9% recorded in October.
The figure was also slightly below the 4.4% expected by economists in a Reuters poll.
The country’s statistics bureau said the most significant contributors in November were housing, insurance and financial services, as well as alcohol and tobacco.
The inflation rate is a key consideration for the country’s central bank when it decides on monetary policy.
— Lim Hui Jie
5 Hours Ago
South Korea’s unemployment rate hits 23-month high in December
South Korea’s seasonally adjusted unemployment rate climbed to a 23-month high of 3.3% in December, up from 2.8% in November.
Data from the country’s statistics bureau revealed that the number of unemployed persons increased by 78,000 to 944,000, or 9% year on year.
The employment-to-population ratio stood at 61.7% in December, up 0.4 percentage point year on year.
— Lim Hui Jie
5 Hours Ago
HPE will acquire Juniper Networks for $14 billion
Hewlett Packard Enterprise announced late Tuesday that it has reached an agreement to acquire Juniper Networks in an all-cash deal for $40 a share. The transaction is worth about $14 billion.
The news follows a day after The Wall Street Journal reported that HPE was in “advanced talks” to buy the networking company.
Shares of Juniper, which hit a 52-week high during Tuesday’s session, added 0.6% in after-hours action. HPE shares ticked down by 0.3%. In regular trading, Juniper soared nearly 22%, while HPE shed close to 9%.
Read more about the HPE-Juniper deal here.
— Darla Mercado, Jordan Novet
6 Hours Ago
Stocks making the biggest moves in extended trading
Here are some of the stocks making the most significant moves after the bell:
- WD-40 — The maker of rust remover and lubricant jumped nearly 7%. WD-40 reported first-quarter financial results that surpassed Wall Street’s expectations on the top and bottom lines. The company also reported a 13% increase in revenues year over year.
- Intuitive Surgical — Intuitive Surgical’s stock added nearly 5% after the medical device maker offered a stronger-than-expected sales outlook for the fourth quarter. The company said it anticipated revenue to come in at $1.93 billion, ahead of the $1.87 billion expected by analysts surveyed by FactSet.
- PriceSmart — PriceSmart shares popped 9% after posting first-quarter results. The company said revenue increased 11% year over year and posted earnings of $1.24 per share, excluding items. That topped a FactSet estimate of $1.09.
- Coinbase, Marathon Digital — Cyrptocurrency exchanges Coinbase and Marathon Digital fell about 1% and 2%, respectively, as bitcoin prices slumped. The U.S. Securities Exchange said its official X account had been compromised after an incorrect post said the agency had approved bitcoin exchange-traded funds.
— Samantha Subin
6 Hours Ago
