Euro eases off one-month high, Sterling steadies Summary: The Dollar Index (DXY) steadied, settling at 105.30 (105.20) ahead of more Fed speak this week. US Treasury Yields rebounded, with the 10-Year Rate climbing to 4.50% (4.45%). On Friday, Fed Governor Michelle Bowman said that the US central bank should proceed “carefully and deliberately” before trimming […]
Asia-Pacific markets were mixed Monday as investors assessed China’s stronger-than-expected April inflation data. China’s consumer price index climbed 0.3% year on year, beating Reuters estimates of a 0.2% rise. The producer price index, however, fell 2.5% year on year, more than the estimated 2.3% drop. The data highlight for the week will be Japan’s first-quarter […]
This billionaire’s Bitcoin investment plan follows a solid fundamental approach to buying volatile assets. The price of Bitcoin (BTC 0.28%) is primarily determined by the law of supply and demand. Since there’s a fixed supply of the cryptocurrency, growing demand will lead to a higher price. And demand could be increasing due to a big new buyer. Jack Dorsey, the […]
Two mysterious Bitcoin (BTC) wallets holding a combined 1,000 Bitcoin — worth $61 million at current prices — have suddenly awoken after a 10-year hiatus, transferring out almost every single satoshi. Wallet address “16vRq…qjzEa” transferred out its 500 Bitcoin at block 843,131 on May 12 at 7:10 pm UTC, while the other 500 Bitcoin was sent by address “1DUJuH…NgfC5” two blocks […]
A middle school teacher in Brooklyn, New York, is helping his students learn about the stock market and investing through a financial literacy class. Raymond Tran, who teaches at IS 281, told FOX Business’ Gerri Willis that his students are gaining financial literacy skills by playing the “Stock Market Game.” “In there, students break up […]
A handful of its technology peers and one of its most direct rivals have already achieved the feat. Given the nature of its business and the sheer size of several of its peers, it’s not wild to wonder if Advanced Micro Devices (AMD -0.31%) will be one of the next technology names to become a trillion-dollar outfit. Some investors […]
Bitcoin price fell over $2,000 in an hour on May 10 as a sudden wave of volatility disrupted an otherwise quiet market. Data from Cointelegraph Markets Pro and TradingView showed that leveraged long traders were caught offside as BTC price suddenly dropped from a high of $63,494 on May 10 to an intra-day low of $60,308. At the time […]
The price of bitcoin (BTC) fell sharply in the U.S. morning hours Friday, reversing a move that had seen the world’s largest crypto climb as high as $63,500. As good of an excuse as any for catalysts were disappointing U.S. economic data and hawkish remarks from Dallas Fed President Lori Logan. The University of Michigan Consumer Sentiment […]
Cryptocurrencies are still stuck in a corrective phase, but a wave of supply events worth billions of dollars could further delay any meaningful recovery. “A rapid succession of nearly $2 billion of token unlocks during the next ten weeks could lower the market for altcoins,” crypto analytics firm 10x Research noted in a Wednesday report. […]
Oil prices edged higher on Wednesday after data showed U.S. crude stockpiles fell last week as refiners slowly ramped up output ahead of the summer driving season, while a stronger dollar capped gains. Brent crude oil futures settled 42 cents, or 0.5%, higher at $83.58 a barrel. U.S. West Texas Intermediate crude futures rose 61 […]
Futures linked to the Dow Jones Industrial Average hovered near the flatline Wednesday evening after the 30-stock index posted its sixth consecutive winning day. Dow futures added 6 points, or 0.02%. S&P 500 futures were little changed, while Nasdaq 100 futures fell 0.1%. In extended trading, Airbnb pulled back more than 8% after weak guidance overshadowed a first-quarter beat on top and bottom lines. […]
Bitcoin eyed a test of range lows on May 8 as analysis complained of post-halving “boredom.” BTC price sags toward range bottom Data from Cointelegraph Markets Pro and TradingView showed BTC price momentum heading to $62,000 during the Asia session. Bitcoin had managed a rebound beyond $65,500 days prior, and its subsequent 5% retracement left BTC/USD firmly in a range in […]
