Warren Buffett’s Berkshire Hathaway reached a $1 trillion market capitalization on Wednesday, the first nontechnology company in the U.S. to score the coveted milestone. Shares of the Omaha, Nebraska-based conglomerate have rallied more than 28% in 2024, far above the S&P 500′s 18% gain. The $1 trillion threshold was crossed just two days before the […]
Billionaire Michael Saylor famously pioneered large-scale corporate purchases of bitcoin (BTC), using borrowed money to turn his publicly traded software developer MicroStrategy (MSTR) into one of the world’s largest holders of the cryptocurrency. Now, another company – a surprising one – is following a similar strategy. It’s a bitcoin miner, a company that can theoretically snag […]
Bitcoin {{BTC}} tumbled below $62,000 during U.S. morning trading Tuesday as the crypto market halted its bounce from early August lows. The largest crypto fell to as low as $61,500, now down more than 5% since its swift rally to $65,000 following Federal Reserve Chair Jerome Powell’s dovish speech at Jackson Hole on Friday. It’s […]
The speedy return of market confidence following a dramatic global sell-off in risky assets should be seen as a cause for concern, according to the head of asset allocation research at Goldman Sachs. Speaking to CNBC’s “Squawk Box Europe” on Wednesday, Goldman’s Christian Mueller-Glissmann said investors could think about the early August stock slump as something akin to […]
The Federal Trade Commission (FTC) on Monday kicked off a trial amid its push to block Kroger’s $25 billion merger with Albertsons by alleging the deal would undermine competition in the grocery store industry and hurt consumers. Kroger and Albertsons first announced the proposed merger in October 2022 and unveiled their divestiture plan in September […]
The three spot Bitcoin exchange-traded funds (ETFs) in Hong Kong have surpassed HK$2 billion (around $272 million) in assets under management since launching earlier this year. The milestone comes just months after Hong Kong approved its first spot bitcoin ETFs, following similar moves in the U.S. and Europe. The ETFs provide exposure to Bitcoin prices […]
US stocks closed Monday mixed as investors looked to a key earnings report and a slew of economic data points due later this week. The Dow closed 65 points, or 0.2%, higher on Monday to a new record high of 41,241. The S&P 500 fell 0.3% and the Nasdaq Composite lost 0.9%. Global markets have […]
Bitcoin heads into the August monthly close with a welcome recovery as BTC price action targets $65,000. The largest cryptocurrency has delivered a remarkable show of strength over the past week, and traders hope the good times will continue. A sideways weekend aside, Bitcoin is cementing its gains and is now up an impressive 40% […]
XRP has made a strong comeback against Bitcoin, gaining around 30% since July’s “triple bottom.” A mix of fundamental and fractal indicators hints that XRP is well-positioned for the gains to continue in the coming months. XRP price recovery mirrors 2021’s 500% rally The XRP/BTC trading pair has bounced by over 50% after forming a […]
The Bitcoin mining hardware race could be on the cusp of entering its equivalent of the atomic era as the quantum computing sector matures. While today’s quantum computers are largely experimental, recent advances in quantum chip technology and hybrid artificial intelligence functions have pushed the field forward faster than many scientists predicted. One of the biggest concerns in […]
The president’s impact on the economy is generally exaggerated. The economy is shaping up to be one of the biggest issues of the presidential election. That’s not surprising as Americans have endured the highest inflation cycle in 40 years, following a surge in the money supply due to trillions in stimulus spending during the pandemic. […]
China’s attempts to cool a record bond rally have stalled a drop in yields, but at the cost of a collapse in trading activity to an extent that may create more headaches for policymakers. Trading in the most active 10-year government bond has steadily decreased over the last two weeks, with the average daily volume […]
