Stock futures slid on Thursday morning as Wall Street absorbed a fresh batch of earnings reports from megacap technology names. S&P 500 futures lost 0.48%, and Nasdaq 100 futures fell about 0.7%. Futures tied to the Dow Jones Industrial Average declined 76 points, or 0.18%. In after-hours action, Meta Platforms dropped 3% after missing the Street’s expectations for user growth and warning […]
Americans are emerging from a yearslong funk about the economy, with the presidential election just a week away. The Conference Board’s latest consumer survey showed that Americans this month became more optimistic about the future of both the labor market and the broader US economy. The monthly survey’s Consumer Confidence Index jumped in October by […]
MicroStrategy Inc. has hired banks to help it raise $42 billion through the sale of new shares and fixed income to buy more Bitcoin after a flurry of deals over the past year. The enterprise software maker, co-founded by Chairman Michael Saylor, hired a handful of banks to sell stock through a so-called at-the-market offering […]
As the crypto market maintains its bullish strength, many key metrics of Bitcoin have been demonstrating strong and optimistic trends in recent weeks, which could impact prices positively, suggesting a promising outlook for BTC in the upcoming days. A Strong Growth In Bitcoin Futures Premium Bitcoin‘s futures annualized premium, a crucial metric that often gives bullish signals, […]
Oil prices jumped about 4% on Thursday on a spike in U.S. fuel use before Hurricane Milton barrelled across Florida, Middle East supply risks and signs that demand for energy could grow in the U.S. and China. Brent futures rose $2.82, or 3.7%, to settle at $79.40 a barrel, while U.S. West Texas Intermediate (WTI) […]
The S&P 500 and Dow Jones Industrial Average powered to new highs on Friday and capped off a winning week as banking behemoths ushered in a promising start to the third-quarter earnings season. The broad index gained 0.61% to end at 5,815.03, while the Dow rallied 409.74 points, or 0.97%, to finish at 42,863.86. Both averages hit fresh all-time […]
Rich Dad Poor Dad author Robert Kiyosaki predicts a catastrophic stock market crash and the collapse of “The Everything Bubble,” warning that gold, silver, and bitcoin will nosedive, triggering a global depression. He urges investors to brace for financial turmoil, saying only the prepared will emerge wealthier from the ruins. “Take bitcoin for example… it may […]
Bitcoin BTC$62,911 climbed to multi-day highs on Oct. 12 as markets mimicked last weekend’s dubious upside. BTC price grills resistance below key barrier Data from Cointelegraph Markets Pro and TradingView showed BTC price action nearing $63,500, up 1.5% on the day — similar behavior to the weekend prior. BTC/USD made strong progress during the Oct. 11 Wall Street trading session after testing $60,000 […]
It trailed the market for a surprisingly long time but may be returning to market-beating status. If I didn’t know any better, I think I’d be surprised to learn that Coca-Cola (KO -0.46%) has been losing to the market for years. Although there’s been a sprinkling of market-beating turns over the years, altogether, Coca-Cola has been trailing the market […]
Deal analysis outfit PitchBook today released a new report that underscores how fewer exits are impacting the startup investing ecosystem. Among its findings? Beyond what’s commonly known — that a lot of the fundings today are insider rounds and bridge financings aimed at keeping companies alive — cash back to the limited partners (LPs) who […]
Bitcoin declined by 5.3% between Oct. 9 and Oct. 10, reaching a three-week low of $58,900. The market correction began after the United States reported higher-than-anticipated consumer inflation data, suggesting traders are concerned that the Federal Reserve has less incentive to continue cutting interest rates in the near future. The Bitcoin BTC$60,858.00 reaction reflects investor views that […]
The United States election outcome won’t change the bullish trajectory of cryptocurrencies such as Bitcoin, which will likely tap $100,000 per coin regardless of which presidential candidate prevails, Dan Tapiero, founder of 10T Holdings, said on Oct. 10. “I don’t think it really matters. Everything is going up now. The election will pass,” Tapiero said […]
