US stocks popped to fresh records Wednesday as investors digested a one-two punch: a cooler-than-expected reading on inflation, and the Federal Reserve holding interest rates steady but slashing projections for cuts this year. The S&P 500 (^GSPC) notched a record close for the 28th time this year, rising about 0.9% and closing above 5,400. The […]
For years, Singapore’s regulators have been trying to boost the attractiveness of its stock exchange. The city-state’s economy may be larger than Hong Kong’s, but the total value of listed companies on the Singapore Exchange is about 7 times smaller. The total listed value of the securities market on the SGX in May was $798.55 billion Singapore […]
The U.S. Consumer Price Index (CPI) was flat in May, beating economist forecasts for a 0.1% rise and down from 0.3% in April. On a year-over-year basis, CPI was up 3.3%, compared to analyst forecasts and the previous month’s reading at 3.4%. The core CPI, which excludes food and energy costs, rose 0.2% in May, […]
Bitcoin spiked higher into the June 12 Wall Street open after United States inflation data delivered a surprise drop. CPI fuels sudden 3% BTC price surge Data from Cointelegraph Markets Pro and TradingView captured a snap BTC price surge to $69,636 on Bitstamp. Bitcoin gained $1,500 in seconds as the May print of the Consumer Price Index (CPI) showed […]
Nvidia stock (NVDA) began trading Monday on a new 10-for-1 split basis, revising the shares’ Friday closing price of $1,208.88 to $120.88. The stock closed up nearly 1% in its first day following the split. The split means that owners of Nvidia common stock held as of the close of market on Thursday received 10 […]
The S&P 500 and Nasdaq Composite closed at fresh records as Nvidia lifted tech stocks and investors looked ahead to the Federal Reserve’s interest rate decision. The broader market index advanced by 0.26%, closing at 5,360.79, while the Nasdaq Composite gained 0.35% to end at 17,192.53. The Dow Jones Industrial Average added 69.05 points, or 0.18%, ending at 38,868.04. Nvidia shares added […]
Michael Saylor is the co-founder and chairman of MicroStrategy, a software development company that has strongly emphasized Bitcoin in recent years. The company began investing in Bitcoin in August 2020 and has consistently bought tokens since then. MicroStrategy has acquired more than 1% of the entire Bitcoin supply, with holdings worth more than $15 billion […]
Bitcoin starts a new week battling age-old resistance after June began with surprise volatility. Bitcoin price action depicts a tug-of-war between bulls and bears around old 2021 all-time highs at $69,000 — who will win? An increasingly unpredictable short-term market landscape has made for interesting viewing — and trading — in June so far. External […]
Oil prices edged down on Friday and posted a third straight weekly loss as investors weighed OPEC+ reassurances against the latest U.S. jobs data that lowered expectations that the Federal Reserve will cut interest rates soon. Brent crude futures settled 25 cents lower at $79.62 a barrel, while U.S. West Texas Intermediate crude (WTI) <CLc1> […]
The S&P 500 ended flat on Friday, touching a record-high intraday, despite a stronger-than-expected jobs report. The broad market index slipped 0.11% to close at 5,346.99, after reaching an all-time high earlier in the session. The Dow Jones Industrial Average slipped 87 points to 38,798.99. The Nasdaq Composite edged down 0.23% to finish the session at 17,133.13. All three […]
Bitcoin circled $69,000 on June 8 as traders licked their wounds from a snap sell-off. Bitcoin, Ether stay lower after flash crash Data from Cointelegraph Markets Pro and TradingView showed Bitcoin price behavior stabilizing into the weekend. The largest cryptocurrency had endured sudden volatility at the prior Wall Street open thanks to what was labeled “schizophrenic” United States employment data. This […]
Exceeding expectations is nothing new for Bitcoin. Over the last 15 years, Bitcoin (BTC -0.07%) has already surpassed nearly every projection, estimate, and expectation. In just over a decade, the cryptocurrency has grown from just a few pennies per digital coin to more than $50,000 by 2021, taking the world by storm. With its price […]
