Oil prices rose more than 2% on Friday after U.S. data supported expectations of demand growth, but both benchmarks fell for a seventh straight week, their longest streak of weekly declines in half a decade, on lingering oversupply concerns. Brent crude futures settled at $75.84 a barrel, up$1.79, or 2.4%, while U.S. West Texas Intermediate […]
The Biden administration’s infrastructure spending blitz has put more construction laborers on the road for work this year, fueling a race by extended-stay hotel operators to win their business. Data from Navan, a corporate travel management company, shows construction industry extended-stay lodging bookings are up 120% in the two years through the end of November. […]
Predicting the price of bitcoin (BTC) has historically been as accurate as looking into a crystal ball, with all sorts of past price predictions that have been way off the mark – some hilariously so. But Matrixport seems to have nailed it this year – or at least gets points for being the closest contender – as the […]
The U.S. economy saw stronger-than-expected job growth of 199,000 in November. The unemployment rate also beat expectations, dipping to 3.7%. Economist forecasts had been for jobs added of 180,000, up from 150,000 in October. The unemployment rate had been forecast to remain flat at 3.9%. The price of bitcoin (BTC) fell about 0.5% in the minutes following […]
Bitcoin traded close to $44,000 after notching its longest winning streak since May, a rally driven in part by expectations of looser monetary policy. The largest digital asset climbed for six days through Tuesday, advancing roughly 16% to as high as $44,491 before giving up some gains. Its 2023 rebound from last year’s crypto rout […]
“What’s the size of the AI market?” It’s a totally normal question for anyone to ask me. After all, I’m an analyst, and my company, Intersect360 Research, specializes in scalable, high-performance datacenter segments, such as AI, HPC, and Hyperscale. And yet, a simple answer eludes me, and I wind up answering a question with a question. […]
Germany’s benchmark stock index opened at an all-time high Wednesday as investors’ growing confidence that interest rates will soon be cut outweighs worries that the country may be suffering a recession. The previous day, the DAX closed at a record high of 16,533 points — only for that peak to be beaten Wednesday when trading […]
Key points Bitcoin prices have drifted to their highest levels in over a year as 2023 comes to a close, and much of that positive momentum has come from investors anticipating the first U.S.-listed spot bitcoin exchange-traded funds. But it’s not just the possibility of spot ETFs acting as a catalyst for bitcoin prices in 2024. The Federal […]
Stocks pulled back on Monday after a blistering rally in November, with the key monthly jobs report on the horizon. The S&P 500 (^GSPC) lost 0.5%, while the Dow Jones Industrial Average (^DJI) shed 0.1%, or roughly 40 points. The tech-heavy Nasdaq Composite (^IXIC) fell about 0.8%, leading the way down. Stocks rallied last month, […]
The sizable rally in the U.S. stock market over the past month is likely to fizzle out by the end of next year amid a number of growing economic headwinds, according to JPMorgan Chase. Dubravko Lakos-Bujas, the chief global equity strategist at JPMorgan, said in a recent analyst note that slowing economic growth, the rapid […]
Bitcoin (BTC)-related investment products have become the “main beneficiary” of recent investor interest in crypto, amid growing anticipation of a spot Bitcoin ETF approval in the United States. A total of $1.76 billion of investors’ funds have flowed into crypto products over a 10-week period, making up for the largest inflows over such a period […]
The stock market had a rough Monday following several weeks of strength. It was a similar story in the bond market. And gold did a U-turn after climbing to a new record above $2,100 an ounce. Yet in the digital-assets market, Bitcoin held firm following a weekend rally that took the oldest token above $42,000 […]
