The Dow Jones Industrial Average (^DJI 0.04%), one of three major U.S. stock market indexes, had declined in nine straight trading sessions as of Tuesday, Dec. 17. The last time the Dow Jones strung together a losing streak that long was February 1978. Specifically, the index fell more than 4% during the nine trading days […]
El Salvador has agreed to scale back its crypto agenda in exchange for a $1.4 billion loan from the International Monetary Fund (IMF), marking a shift in the country’s quest to become a global cryptocurrency hub. After four years of negotiations, the IMF approved a $1.4 billion Extended Fund Facility loan to be disbursed over […]
What’s going on here? The US dollar is nearing a two-year high as of December 20, 2024, thanks to the Federal Reserve’s hawkish policies, causing ripples across global markets. What does this mean? The greenback’s rise is largely due to the Federal Reserve’s hint at sticking with high interest rates longer than anticipated, boosting the dollar index […]
Bitcoin faces a tough battle for support after a macro scare stopped the bull market in its tracks. Bitcoin BTC$95,871 price losses have passed $12,000 in two days, but crypto traders and analysts are now lining up even lower targets. BTC price analysis warns $90,000 “not the dip” Bitcoin panicked both retail and institutional investors with its drop […]
The Dow Jones Industrial Average entered the history books Tuesday with its first nine-day losing streak since 1978. The 30-stock average slid 267.58 points, or 0.61%, to settle at 43,449.90. The S&P 500 lost 0.39% and closed at 6,050.61, while the Nasdaq Composite dropped 0.32% to end at 20,109.06. The Dow’s losing streak began the day after it closed above 45,000 […]
Stocks stalled while the dollar drifted higher on Wednesday as investors made last-minute adjustments to portfolios in the countdown to the year’s final salvo of central bank meetings, while news of a potential Nissan-Honda tie-up lifted car stocks. S&P 500 futures (.SPX), opens new tab were flat in the Asia session after the index fell […]
To the delight of many investors, Bitcoin (BTC -3.05%) finally breached the $100,000 mark in 2024. But as the year draws to a close, Bitcoin owners are left wondering what comes next. Could Bitcoin soar to even greater heights in 2025, or is this surge above $100,000 a short-lived phenomenon, setting the stage for a […]
Bitcoin’s soaring value has caught the attention of high-end fashion brands and retailers, prompting further interest in offering cryptocurrencies as a means of payment to tap in to fresh pockets of wealth and build loyalty with crypto investors. Until recently, only a handful of luxury brands including LVMH (LVMH.PA), opens new tab watch labels Hublot […]
Alphabet and Tesla climbed to fresh records on Wednesday, closing at all-time highs alongside Amazon and Meta as the tech megacaps lifted the Nasdaq past 20,000 for the first time. Tech’s seven trillion-dollar companies added roughly $416 billion in market cap for the day. For Alphabet, the two-day 11% rally was driven by the company’s launch of its latest quantum computing chip, […]
Big Tech stocks led the market higher on Wednesday, as investors digested another month of sticky inflation data that met economists’ expectations and likely pointed to a Federal Reserve interest rate cut next week. The tech-heavy Nasdaq Composite (^IXIC) jumped about 1.7% amid a feverish rally in the “Magnificent Seven” tech stocks. Google parent Alphabet’s […]
After a rocky start to the week, Bitcoin BTC$97,604 made a strong push above $100,000, and a handful of analysts expect BTC to make a run at the $110,000 level. The move back to $100,000 comes as the November Consumer Price Index (CPI) report showed a slight uptick in inflation in the United States. Historically, crypto traders have had […]
Microsoft (MSFT) shareholders voted against adding Bitcoin to the company’s balance sheet on Tuesday. The decision follows the board’s recommendation to vote against the proposal, citing Microsoft’s existing strategy of evaluating a diverse range of investable assets, including Bitcoin, as part of its broader investment framework. The proposal, titled “Assessment of Investing in Bitcoin,” was […]
