As tech giant Nvidia soars on hype around artificial intelligence, and global stock indexes notch record highs, debate has grown about whether the stock market has entered a “bubble.” That’s generally seen as a period in which asset prices inflate rapidly, potentially beyond their core value — and risk crashing just as fast. Bob Parker, […]
A mysterious Bitcoin address is amassing BTC as the race to a new all-time high continues. According to data from Bitinfocharts, the whale’s wallet now holds over 54,164 BTC–worth around $3.2 billion. A “whale” is an investor who hoards large amounts of cryptocurrency. Because of the size of their Bitcoin holdings, a whale’s moves garner […]
Though MicroStrategy is a software and AI company, they are hoping to rebrand themselves into the “the world’s first Bitcoin development company”. Led by chairman Michael Saylor, they are putting their money where their mouth is, literally. Saylor and MicroStrategy have acquired 193,000 Bitcoins since 2020, making them the largest institutional holder of BTC in […]
The share of immigrants in the U.S. labor force has steadily increased for more than a decade, and that growth is poised to continue — a trend economists say benefits the American workforce and economy. In 2006, 15.3% of the civilian labor force was made up of “foreign-born” workers, or those born outside the U.S., […]
The slate of US bitcoin ETFs continue to post jaw-dropping figures. As of market close on Wednesday, the ETFs hit $7.6 billion in volume, topping previous records, according to Bloomberg data. BlackRock’s bitcoin ETF, which trades under the ticker IBIT, put up around $3.3 billion of that amount. The ETF’s volumes were already shattering records […]
The tech-heavy Nasdaq composite index and S&P 500 broke records Thursday afternoon. The Nasdaq closed at a new high of 16,091.92, about 35 points above its last closing high of 16,057.44, reached in November 2021 before the Federal Reserve began raising rates. The S&P 500, meanwhile, gained 0.5% to close at a new high of […]
US stocks rallied to close out the best February for the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) in nearly a decade as investors digested a crucial inflation reading. The Nasdaq Composite closed up 0.9% on Thursday, finishing at 16,091.92, its highest close on record. This marked the first record close for the Nasdaq since […]
Bitcoin (BTC) is on track to finish its strongest month since December 2020. Even with prices hovering near all-time records, this bull market isn’t close to peaking, analysts said. The largest crypto asset by market capitalization has gained a staggering 44% in February, piercing $50,000 and $60,000 for the first time in years and hitting a $64,000 […]
South Korea’s Japan-style measures for improving corporate governance may not be enough to boost its undervalued stock markets and tackle the so-called “Korea discount.” The country’s Financial Services Commission on Monday revealed its “Corporate Value-up Program,” aimed at supporting shareholder returns through incentives including tax benefits. Asia’s fourth-largest economy is striving to boost stock market valuations that […]
European stocks opened slightly lower Wednesday, continuing cautious sentiment seen this week. The regional Stoxx 600 index was flat at 8:05 a.m. in London and sectors traded in an narrow range, with mining slipping 0.6% as telecom gained 0.4%. Shares of Vodafone ticked 2.2% higher after the company confirmed advanced talks with Swisscom over the […]
MicroStrategy’s HODL strategy is continuing to reward investors. The company said on Monday that it acquired an additional 3,000 bitcoins for a total of $155 million between Feb. 15 and Feb. 25. MicroStrategy, along with its subsidiaries, now owns about 193,000 bitcoins worth $11 billion. Michael Saylor, the company’s chairman and ex-CEO and one of the cryptocurrency’s […]
Following sizable gains during the U.S. day on Monday, bitcoin (BTC) pushed through several additional round number milestones during early Tuesday morning Asia hours, the price topping $57,000 for the first time since November 2021. At press time, bitcoin had pulled back a hair to $56,500, still ahead more than 9% over the past 24 hours. The […]
