The S&P 500 (^GSPC 0.41%) soared to new highs in recent weeks as the bull market has barreled into its third year. But not every stock has participated equally in the rally. Over the past few years, big tech stocks have had an outsize impact on the value of the S&P 500. Innovations and investments […]
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) officially kicked off big tech earnings on Tuesday, and the Google parent had a banner report to share. Alphabet smashed estimates in the third quarter as overall revenue rose 15% to $88.3 billion, ahead of expectations at $86.3 billion and accelerating from the second quarter Growth was solid virtually across […]
Crypto market liquidations almost hit $350 million as Bitcoin briefly dipped below $69,000, with traders seeming jittery in the lead-up to the United States presidential election on Nov. 5. In all, $349.8 million was liquidated across $259.7 million long bets and $90.1 million short bets on Nov. 3, according to CoinGlass. It was the biggest day of liquidations since […]
The price of Bitcoin could swing at least 10% depending on which United States presidential candidate wins the election on Nov. 5, according to a trader, as Bitcoin volatility recently jumped to its highest point in three months. In a Nov. 4 post, pseudonymous trader Daan Crypto Trades told his 389,000 X followers that Bitcoin’s BTC$68,863 weekly close […]
US stocks staged a comeback on Friday as investors digested a big miss in the monthly jobs report and welcomed Amazon (AMZN) and Intel (INTC) earnings. The tech-heavy Nasdaq Composite (^IXIC) gained 0.8%, while the S&P 500 (^GSPC) rose 0.4%, both coming off a steep sell-off fueled by worries about Big Tech’s artificial intelligence spending. […]
Wall Street executives, political gamblers and cryptocurrency traders are piling up their bets that former President Donald Trump is returning to the White House. But the stock market may be telling a different story. U.S. stocks have been on a tear, with the bellwether S&P 500 index climbing more than 10 percent since August. While […]
Mt. Gox is moving its Bitcoin again. Late Thursday, the collapsed exchange moved 500 Bitcoin—worth over $35 million—to cold storage, according to data and wallet labels from blockchain tracker Arkham Intelligence. It isn’t clear why the Bitcoin was moved, and Mt. Gox didn’t immediately respond to Decrypt’s questions. But the exchange is in the long-delayed […]
A Historic Bitcoin Rise in Sight Nigel Green, CEO of financial advisory giant Devere Group, believes bitcoin could hit unprecedented highs if former U.S. President Donald Trump wins the upcoming U.S. presidential election. Green stated on Tuesday: A Trump victory could be the catalyst that pushes the world’s first and largest cryptocurrency into uncharted territory […]
Stock futures slid on Thursday morning as Wall Street absorbed a fresh batch of earnings reports from megacap technology names. S&P 500 futures lost 0.48%, and Nasdaq 100 futures fell about 0.7%. Futures tied to the Dow Jones Industrial Average declined 76 points, or 0.18%. In after-hours action, Meta Platforms dropped 3% after missing the Street’s expectations for user growth and warning […]
Americans are emerging from a yearslong funk about the economy, with the presidential election just a week away. The Conference Board’s latest consumer survey showed that Americans this month became more optimistic about the future of both the labor market and the broader US economy. The monthly survey’s Consumer Confidence Index jumped in October by […]
MicroStrategy Inc. has hired banks to help it raise $42 billion through the sale of new shares and fixed income to buy more Bitcoin after a flurry of deals over the past year. The enterprise software maker, co-founded by Chairman Michael Saylor, hired a handful of banks to sell stock through a so-called at-the-market offering […]
As the crypto market maintains its bullish strength, many key metrics of Bitcoin have been demonstrating strong and optimistic trends in recent weeks, which could impact prices positively, suggesting a promising outlook for BTC in the upcoming days. A Strong Growth In Bitcoin Futures Premium Bitcoin‘s futures annualized premium, a crucial metric that often gives bullish signals, […]
