You would think people have learned to stay the course with their retirement accounts when the stock market gets shaky. Unfortunately, not so. A new report finds that 401(k) participants keep on selling during market downturns despite being repeatedly told to chill. For example: In early August, markets went topsy-turvy as investors, including 401(k) participants, […]
A new report from River—a Bitcoin technology and financial services firm—forecasted that some companies in the United States will increase their exposure to Bitcoin over the next 18 months. According to the report, an estimated 10% of US-based companies will likely convert 1.5% of their treasury reserves, or approximately $10.35 billion, to Bitcoin over the […]
A Bitcoin correction below the $50,000 psychological mark could occur as soon as this weekend, threatening to create more downward pressure in September, which is a historically bearish month. The Bitcoin price could see more downside pressure this weekend as whales (entities holding large amounts of BTC) look to lock in profits. One savvy whale […]
Billionaire Mark Cuban acknowledged that Vice President Kamala Harris’ plan to tax unrealized capital gains would “kill the stock market,” while insisting that she won’t go through with it as dubious CNBC hosts pushed back in a contentious interview Thursday. Cuban joined CNBC’s “Squawk Box” on the phone to discuss his support for Harris, revealing […]
Chip shares dragged Asian indexes lower on Wednesday and European futures fell after growth concerns drove the steepest selloff in a month on Wall Street and investors wiped $279 billion from the value of market darling chipmaker Nvidia. Oil hit year-to-date lows in Asia trade, the safe-haven yen rose, Japanese stocks fell more than 3% […]
Bitcoin traded near $59,000 on Sept. 3 after a last-minute comeback delivered 3.2% daily gains. BTC price: “Green” first week could be September outlier Data from Cointelegraph Markets Pro and TradingView showed promising Bitcoin (BTC) price action before the week’s first United States trading session. Weakness around the monthly and weekly close did not last […]
Stocks (^DJI,^GSPC, ^IXIC) are struggling to hold onto last week’s gains as investors brace for August’s pivotal jobs report this Friday. Recession concerns heightened after July’s print revealed the unemployment rate hit 4.3%, triggering the Sahm Rule. As investors await the Federal Reserve’s first interest rate cut, August’s print could provide new insight into the exact […]
Crypto analysts are predicting three major events in the coming weeks that could drive up the price of Bitcoin. For the last seven months, Bitcoin has traded in a downtrend between $74,000 and $52,000, and investors have grown increasingly restless about whether or not BTC will break out to the upside or continue to grind […]
Bitcoin shed more than 2% on Sep. 1 as an “out of hours” monthly close turned ugly for bulls. BTC price stares down traditionally “red” September Data from Cointelegraph Markets Pro and TradingView showed BTC price weakness producing lows of $57,230 on Bitstamp — a level last seen on Aug. 16. Coming midway through a weekend, less liquid conditions […]
Rhodium Encore LLC, a bankrupt bitcoin mining company, has received court approval for a unique debtor-in-possession financing plan that allows borrowing in either U.S. dollars or bitcoin. Galaxy Digital Holdings Ltd., a blockchain firm led by Mike Novogratz, has offered to provide Rhodium with a loan of either $30 million in dollars or 500 bitcoin. […]
Asia-Pacific markets were mixed on Monday as investors assessed China’s business activity numbers released over the weekend, while awaiting a slew of data due later this week. China released its official purchasing managers’ index data for August. The manufacturing PMI fell to a six-month low of 49.1, a faster contraction compared to the 49.4 seen […]
The world’s bancassurance market size is projected to reach $515.8b from 2024 to 2028, with a compound annual growth rate (CAGR) of 7.79%. The growth contributed by Asia Pacific is seen at 54%. For the year, the market may expand by 6.74%, according to Technavio’s latest report. This growth is fueled by the increasing need […]
