LONDON — European stocks closed lower Tuesday, bucking the trend across the Atlantic, as investors assessed the economic and political outlook in the region and beyond. The pan-European Stoxx 600 provisionally closed 0.21% lower, pulling back from larger losses earlier in the session. Mining stocks fell 1.6% as travel gained 0.5%. In the U.S. the Dow Jones Industrial […]
The European Central Bank left interest rates unchanged in a unanimous vote on Thursday following June’s landmark cut, as it described the potential for a September reduction as “wide open.” “Monetary policy is keeping financing conditions restrictive. At the same time, domestic price pressures are still high, services inflation is elevated and headline inflation is […]
Since July 5, Bitcoinhas seen net inflows of $1.91 billion in its US spot exchange-traded funds (ETFs). Despite this, its price has struggled to stay above $65,000. Meanwhile, the S&P 500 index reached an all-time high on July 16, and gold, considered the world’s largest reserve asset, traded at a historical high on July 17. […]
Just off of Interstate 20, in the heart of West Texas, is a town of 125,000 people called Abilene. Once a stopping point along a cross-country cattle trail in the days of the American Old West, the small outpost is now getting into the burgeoning artificial intelligence business. Houston-based tech company Lancium and Denver-based Crusoe […]
The Dow Jones Industrial Average (^DJI) surged more than 700 points on Tuesday to secure another all-time closing high. The benchmark S&P 500 (^GSPC) also notched another record amid growing conviction an interest rate cut is near. The blue-chip index rose more than 1.8%, thanks in part to positive earnings from UnitedHealth (UNH), which saw […]
Small-cap stocks are on a tear right now as they took the baton from megacap technology shares last week to lead the bull market on hopes interest rate cuts will broaden out the economic recovery to their benefit. The Russell 2000 index, the benchmark for the group, jumped 3.5% on Tuesday, hitting its highest level since […]
Market observers are scrambling to explain the surge in Bitcoin and crypto prices after the shocking assassination attempt on United States presidential candidate Donald Trump in Butler, Pennsylvania. Leaders of both major US political parties, as well America’s Western allies and others, expressed horror and relief on July 13 after an apparent assassination attempt on […]
LONDON — Craig Wright, an Australian man who claimed to be the inventor of bitcoin, was on Tuesday referred to British prosecutors for committing alleged perjury. On Tuesday, British High Court Judge James Mellor decided to refer a case against Wright’s claim to be the inventor of bitcoin to the Crown Prosecution Service — which is […]
Stock futures were slightly higher in overnight trading Sunday as investors gear up for a big week of key corporate earnings. Futures on the Dow Jones Industrial Average rose 60 points, or 0.2%. S&P 500 futures added 0.1% and Nasdaq 100 futures added 0.1%. Investor attention is shifting to second-quarter earnings reports, which could be […]
Find out which crypto-related stocks are thriving in the post-halving market of 2024 and why. The answer may set you up for market-beating returns in the long run. The Bitcoin (BTC 3.51%) cryptocurrency posted a solid gain in the first half of 2024, starting with the introduction of spot Bitcoin exchange-traded funds (ETFs) in January. Bitcoin mining rewards were halved on April […]
Bitcoin traded above $60,000 on July 14 as an assassination attempt on United States presidential candidate Donald Trump sparked BTC price volatility. BTC price spikes above $60,400 Data from Cointelegraph Markets Pro and TradingView tracked a crypto market surge as news of the attack, which Trump survived, came in. Local highs of $60,423 on Bitstamp marked Bitcoin’s highest value since July […]
Americans weighed down by fast-rising prices for three years just received more encouraging news on the inflation front. The Consumer Price Index, a measurement of the average change in prices for a commonly purchased basket of goods and services, dropped 0.1% from May, which helped to slow the annual rate of inflation to 3% from […]
