With stocks down today, it appears many investors are taking a cautious approach to this current environment. Earnings season has just begun, with several large banks kicking off the festivities. At first glance, some investors may take some solace in the numbers reported, at least when it comes to those of JPMorgan Chase (NYSE:JPM). JPMorgan […]
Stocks finished mixed on Friday, shedding earlier gains as big bank results failed to lift hopes for a robust quarterly earnings season. But the S&P closed the week in positive territory after a rough start to 2024. The Dow Jones Industrial Average (^DJI) lost 0.3%, or more than 100 points. The benchmark S&P 500 (^GSPC) […]
The correlation between Bitcoin and gold has increased over 2023, as indicated by a recent report from asset manager Fidelity. According to Fidelity’s analysis, Bitcoin’s price decoupled from its previously inverse relationship with interest rates and even rallied despite global rates increasing across the world — high interest rates tend to lower the demand for […]
The price of Bitcoin has been on a massive bullish momentum since the approval and launch of Spot Bitcoin ETFs. However, a crypto analyst, Jason Pizzino, predicts a temporary halt in the growing trajectory, citing Bitcoin’s proximity to a crucial resistance point that could result in a significant price drop. Analyst Foresees Bitcoin Price Correction […]
Stock futures are mixed Thursday night as investors look ahead to the second in a pair of closely watched inflation reports this week. Futures tied to the Dow Jones Industrial Average added 15 points, or 0.04%. S&P 500 futures and Nasdaq 100 futures were both down 0.16% and 0.11% respectively. The moves follow a muted day on Wall Street. The 30-stock Dow inched up by […]
While oil prices have been struggling to move above $80 per barrel for weeks, some traders have bet on oil hitting as high as $110 a barrel in the early spring. It looks like some speculators are betting on a major escalation of the conflict in the Middle East in the coming months, considering the […]
Bitcoin rose in volatile trading Thursday after the Securities and Exchange Commission gave the green light for the first-ever spot bitcoin ETFs to trade in the U.S., as expected. The cryptocurrency was last up 1% at $46,289.15, according to Coin Metrics. Earlier, it punched above $49,000, reaching levels not seen since December 2021. Meanwhile, the price of ether jumped 5% […]
There was a lot of action in cryptocurrency-related stocks on Thursday. Unfortunately for shareholders of crypto-mining companies, the action in that segment consisted of widespread sell-offs. Several really took it on the chin that day. Marathon Digital Holdings (NASDAQ: MARA), for instance, saw its share price close nearly 13% lower. Worse for wear was peer Riot Platforms (NASDAQ: RIOT), […]
The U.S. securities regulator said someone briefly accessed its X social media account on Tuesday and posted a fake message saying it had approved exchange traded funds (ETF) for bitcoin, a move eagerly awaited by the crypto industry. However, the Securities and Exchange Commission (SEC) said it has not yet approved spot bitcoin ETFs and […]
RBC Capital’s Lori Calvasina became the latest strategist to raise her 2024 price target for the S&P 500 on Monday, lifting her forecast to 5,150 from 5,000. But by raising expectations for the benchmark index this year, Calvasina actually offered a more tempered outlook for stocks than what her team set forth in November 2023. […]
Price volatility following a series of fake tweets from the U.S. Securities and Exchange Commission (SEC)’s X account caused nearly $90 million worth of bitcoin (BTC) long and short positions to be liquidated, showcasing manipulation risks associated with the industry. Hackers caught hold of SEC’s X account on Tuesday, using it to post a nod for the much-awaited bitcoin exchange-traded fund […]
Asia-Pacific markets mostly fell Wednesday, with China’s CSI 300 closing at near 5-year lows, though Japan defied the trend to extend its 33-year high. Japan’s Nikkei 225 surged 2.01% to cross the 34,000 mark for the first time since March 1990, closing at 34,441.72. The broader based Topix also gained, climbing 1.3% to end at 2,444.48 and […]
