Stocks ripped higher in the first three months of the year amid investor bets that the US economy remains on solid footing. Now, the key debate on Wall Street entering the second quarter is whether the S&P 500 (^GSPC) has any more room to run after its best start to a year since 2019. The […]
The stock market looks “bizarrely” overvalued and indicators are pointing to a big correction on the way, according to Paul Dietrich, chief investment strategist of B. Riley Wealth. Speaking to Yahoo Finance, Dietrich pointed to a handful of indicators in the market, which are all flashing a collective warning sign for stocks. Red flags are […]
Bitcoin returned to $70,000 after the March 29 daily close as traders counted down the final hours of a roaring Q1. Fed’s Powell reinforces “careful” position on rate cuts Data from Cointelegraph Markets Pro and TradingView showed old all-time highs at $69,000 forming tentative BTC price support into the weekend. Bitcoin gained around $1,000 in the latter part of […]
Hedge fund manager Mark Yusko is predicting bitcoin will more than double this year to $150,000. “Get off zero,” the Morgan Creek Capital Management CEO and chief investment officer told CNBC’s “Fast Money” this week. Yusko thinks investors should have at least 1% to 3% allocated to bitcoin in their portfolios. “Bitcoin is the king. […]
Stocks rallied into the close to end the last trading day of the month, capping a fruitful first quarter of 2024 with a fresh record high for the S&P 500. The S&P 500 (^GSPC) and the blue-chip Dow Jones Industrial Average (^DJI) rose more than 0.1% on Thursday. Meanwhile, the tech-heavy Nasdaq Composite (^IXIC) slipped […]
March has been a solid month for the S&P 500 (^GSPC) — and an even better one for oil- and gas-related stocks. As the month draws to a close, energy has emerged as the top-performing sector. The S&P 500 Energy Select ETF (XLE), which includes oil giants like ExxonMobil (XOM), Chevron (CVX), and ConocoPhillips (COP), […]
Bitcoin price could gain another 150% during the current bull market cycle, according to Laurent Benayoun, the CEO of Acheron Trading and quantitative trading strategies expert. Bitcoin price top at $180K? The executive anticipates a potential cycle top of $180,000 for BTC price, based on a combination of factors, including the spot Bitcoin exchange-traded funds (ETFs), and […]
Meme coins led by Solana-based dogwifhat (WIF) surged for the second day to lead as a category as the broader market remains little changed ahead of the long weekend in the U.S., Europe and parts of Asia. Bitcoin (BTC) traded around $70,000 million during the Asian morning hours on Friday, showing little change in the past 24 […]
The share price of Donald Trump’s social media company jumped more than 50% minutes after it began public trading under the ticker DJT on Tuesday morning. Trading in the Trump Media & Technology Group was briefly halted amid the rise due to volatility before it resumed around 9:40 a.m. ET. More than 6.5 million shares […]
Stock futures are up modestly Tuesday night following a losing session on Wall Street that pulled the indexes further from record levels. Futures tied to the Dow Jones Industrial Average added 87 points, or 0.2%. S&P 500 futures and Nasdaq 100 futures each also rose 0.2%. Those moves following a negative day for the three major indexes. The Dow slipped nearly 0.1%, while the Nasdaq Composite fell […]
The Argentine province of Mendoza is famous for its vineyards and full-bodied Malbecs. But the popular wine region in the foothills of the Andes mountains is also home to the world’s second-largest shale gas reserve called Vaca Muerta, which translates to “dead cow.” For two Texas-based bitcoin miners, the oil deposit offers a dream resource: […]
As the world gets into a frenzy around the coming Bitcoin halving – and the price of bitcoin (BTC) as a result – it’s important to take a moment for a reality check. The halving is a non-event for the vast majority of the world. At its core, it’s a simple evolution in how much […]
