Asia markets saw a volatile year in 2023, with inflation, rising interest rates and China’s sputtering recovery dragging down growth last year. Japan’s Nikkei 225 led the region in terms of market performance in 2023, and gained about 28% last year, according to data from Refinitiv. Japanese stocks have been supported by improving corporate results, as […]
Stock futures were flat in overnight trading Tuesday as the market is poised to kick off the new year following a surprisingly strong 2023 that saw the S&P 500 rally 24%. Futures on the Dow Jones Industrial Average were up just 23 points. S&P 500 futures gained margainally, while Nasdaq 100 futures traded near the […]
Bitcoin had a huge rally in 2023, with the digital currency up some 152% for the year. And a number of commentators CNBC spoke to — both inside and outside of the cryptocurrency industry — expect the rise to continue. After hitting a record high in 2021, bitcoin had a rough 2022, which was marked by the […]
SINGAPORE (Reuters) – Bitcoin rose above $45,000 on Tuesday for the first time since April 2022 as the world’s biggest and best-known cryptocurrency started 2024 with a bang buoyed by optimism around possible approval of exchange-traded spot bitcoin funds. Bitcoin touched a 21-month peak of $45,488, having gained 154% last year in the strongest performance […]
Rising prices and steep borrowing costs in the US housing market kept homebuyers in a year-long limbo, with a national property shortage adding to headwinds in the sector. While home prices dropped sharply through 2022, they rallied for nine-straight months beginning in January, recently hitting fresh all-time highs. Meanwhile, as the Federal Reserve raised borrowing […]
Tech stocks rebounded from a disastrous 2022 and lifted the Nasdaq to one of its strongest years in the past two decades. After last year’s 33% plunge, the tech-heavy Nasdaq finished 2023 up 43%, its best year since 2020, which was narrowly higher. The gain was also just shy of the index’s performance in 2009. […]
JPMorgan CEO Jamie Dimon is being criticized by the crypto community on X (formerly Twitter) after being named an authorized participant (AP) by BlackRock, which dropped its updated Form S-1 filing on Dec. 29. Commenting on the BlackRock amendment, Bloomberg ETF analyst Eric Balchunas said, “BlackRock just dropped its updated S-1, and it DOES name […]
Crypto-related equities dipped Friday as traders scramble to cash in their profits on the last trading day of the year. Crypto exchange Coinbase and business intelligence firm MicroStrategy dipped 7.4% and 5.4%, respectively, hours into Friday’s session. Mining companies Marathon Digital, Hut 8 Corp, and Riot Blockchain were trading lower into the double digits, with […]
Oil prices are set to end 2023 about 10% lower, the first annual decline in two years, after geopolitical concerns, production cuts and global measures to rein in inflation triggered wild fluctuations in prices. Brent crude futures were up 18 cents, or 0.2%, at $77.33 a barrel at 0126 GMT on Friday, the last trading day of […]
LONDON — European stocks started the final session of 2023 higher, marking a positive end to a solid year. The regional Stoxx 600 index was up 0.26% in mid-morning trade, with all sectors in the green. Thin trade is expected, while London markets close early. The blue-chip benchmark Stoxx is set to have gained more than 12% […]
Hive Digital, a Bitcoin miner based in Vancouver, Canada, has closed a $22-million private financing round. According to the Dec. 28 announcement, the financing was concluded through the sale of 5.75 million special warrants for 5.00 Canadian dollars ($3.87) each, for total proceeds of 28.75 million CAD ($22 million). Each special warrant unit consists of one […]
The future looks bright for bitcoin in 2024. Once considered financial curiosities useful only for proof-of-concept transactions like buying pizza, bitcoin and other cryptocurrencies are now on the verge of mainstream legitimacy. Analysts expect three major developments in 2024: A major bitcoin milestone, dubbed “The Halvening,” is set to make supply more scarce. they see […]
