Here's what we're watching ahead of the opening bell on Monday
Cryptocurrencies were broadly lower, with bitcoin down 8.7% from its Friday 5 p.m. ET level, and crypto stocks were dropping along with them. Crypto exchange Coinbase fell 9.8% premarket. Bitcoin miners were especially hard hit, with Riot Blockchain down 11% and Marathon Digital down 12%.
Peloton Interactive slipped 1% premarket. An activist investor wants the stationary-bike maker to fire its chief executive andHalliburton added 0.7%. The oil-field-services company swung to a profit in the fourth quarter as revenue grew in North America and internationally., as activists remain unsatisfied with the pace of the department-store chain’s turnaround.
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Pandemic Darling No More: Peloton’s Dramatic Crash In 4 ChartsPeloton’s stock may have rebounded Friday, but it still has a long way to go to recover.
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Activist investor wants Peloton to fire its CEO, pursue a saleAn activist investor wants Peloton Interactive Inc. to fire its chief executive and explore a sale after the stationary-bike maker’s stock plummeted more...
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Crypto VC Fund Pluto Digital to Go Public in Reverse Takeover of NFT Investments.Pluto_Digital plans to obtain a share listing in London through the reverse takeover of NFTInvestPLC. By JamieCrawleyCD
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Low Volumes Across Crypto Spot Markets and Derivatives Indicate Bearish Conditions – Market Updates Bitcoin NewsFor the most part, the down volumes across cryptocurrency spot markets and derivatives have affected the crypto economy negatively.
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