LONDON — European markets closed higher on Friday, the last trading day of August, as investors considered inflation data from around the world. The pan-European Stoxx 600 notched an intraday record high of 526.66 points during the session, according to LSEG data, before paring gains slightly. The index nonetheless closed above 525 points for the first time, […]
Here are five key things investors need to know to start the trading day: 1. August’s end Stock futures climbed Friday morning as the major averages head into the final trading day of August. Futures tied to the S&P 500 rose 0.4%, while Nasdaq 100 futures advanced 0.7% and Dow Jones Industrial Average futures gained 0.2%. For […]
Another solo Bitcoin miner has just hit the Bitcoin mining jackpot, successfully processing a Bitcoin block against all odds and netting themselves a payday of just under $200,000. The miner processed block number 858,978 at 4:21 pm UTC, according to data from the Bitcoin block explorer Mempool.space. The block contained 2,391 transactions, and the miner received […]
Nayib Bukele, El Salvador’s pro-Bitcoin (BTC) president, said his plan to make the country a hotbed for the largest and oldest cryptocurrency has been “net positive” but adoption has fallen short of his expectations. “Bitcoin hasn’t had the widespread adoption we hoped for,” Bukele said in an interview with TIME Magazine. “I feel that it could have worked better, […]
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% […]
