Oil prices jumped about 4% on Thursday on a spike in U.S. fuel use before Hurricane Milton barrelled across Florida, Middle East supply risks and signs that demand for energy could grow in the U.S. and China. Brent futures rose $2.82, or 3.7%, to settle at $79.40 a barrel, while U.S. West Texas Intermediate (WTI) […]
The S&P 500 and Dow Jones Industrial Average powered to new highs on Friday and capped off a winning week as banking behemoths ushered in a promising start to the third-quarter earnings season. The broad index gained 0.61% to end at 5,815.03, while the Dow rallied 409.74 points, or 0.97%, to finish at 42,863.86. Both averages hit fresh all-time […]
Rich Dad Poor Dad author Robert Kiyosaki predicts a catastrophic stock market crash and the collapse of “The Everything Bubble,” warning that gold, silver, and bitcoin will nosedive, triggering a global depression. He urges investors to brace for financial turmoil, saying only the prepared will emerge wealthier from the ruins. “Take bitcoin for example… it may […]
Bitcoin BTC$62,911 climbed to multi-day highs on Oct. 12 as markets mimicked last weekend’s dubious upside. BTC price grills resistance below key barrier Data from Cointelegraph Markets Pro and TradingView showed BTC price action nearing $63,500, up 1.5% on the day — similar behavior to the weekend prior. BTC/USD made strong progress during the Oct. 11 Wall Street trading session after testing $60,000 […]
It trailed the market for a surprisingly long time but may be returning to market-beating status. If I didn’t know any better, I think I’d be surprised to learn that Coca-Cola (KO -0.46%) has been losing to the market for years. Although there’s been a sprinkling of market-beating turns over the years, altogether, Coca-Cola has been trailing the market […]
Deal analysis outfit PitchBook today released a new report that underscores how fewer exits are impacting the startup investing ecosystem. Among its findings? Beyond what’s commonly known — that a lot of the fundings today are insider rounds and bridge financings aimed at keeping companies alive — cash back to the limited partners (LPs) who […]
Bitcoin declined by 5.3% between Oct. 9 and Oct. 10, reaching a three-week low of $58,900. The market correction began after the United States reported higher-than-anticipated consumer inflation data, suggesting traders are concerned that the Federal Reserve has less incentive to continue cutting interest rates in the near future. The Bitcoin BTC$60,858.00 reaction reflects investor views that […]
The United States election outcome won’t change the bullish trajectory of cryptocurrencies such as Bitcoin, which will likely tap $100,000 per coin regardless of which presidential candidate prevails, Dan Tapiero, founder of 10T Holdings, said on Oct. 10. “I don’t think it really matters. Everything is going up now. The election will pass,” Tapiero said […]
Bitcoin (BTC) has surged over 40% this year, outshining major equity indices, fixed-income securities, gold and even oil, which recently rose on the back of geopolitical tensions. However, according to data tracked by Goldman Sachs, its stellar performance in absolute terms is not sufficient to compensate for its volatility. Bitcoin’s year-to-date return to volatility ratio is under […]
SHANGHAI/SINGAPORE, Oct 8 (Reuters) – China’s stock markets roared back from a week-long break to reach their highest levels in more than two years at the open, before paring gains after officials failed to inspire confidence in stimulus plans intended to revive the economy. Hong Kong’s Hang Seng index (.HSI), opens new tab is the best performing major market […]
The idea that bitcoin (BTC) typically moves in lockstep with the S&P 500 is generally accepted by now. The positive correlation, however, may be tested in the lead-up to the U.S. elections as options market pricing points to diverging trends. On Monday, bitcoin options listed on dominant crypto exchange Deribit exhibited a noticeable skew (bias) […]
Oct 8 (Reuters) – Wall Street’s benchmarks finished up on Tuesday, recouping some of the previous session’s losses, as investors bought back in to technology stocks and investors shifted their focus to upcoming inflation data and the start of third-quarter earnings season. All three of the main indexes suffered a sell-off on Monday, falling roughly […]
