Has the stock market performed better when Democrats or Republicans control the White House? The S&P 500 (^GSPC 0.90%) is one of three major U.S. financial indexes. It measures the performance of 500 large domestic companies that cover about 80% of domestic equities by market value. Its scope and diversity make it the best gauge […]
LONDON — European stocks started the new trading week on a positive note, buoyed by gains in Asia overnight and last Friday’s rally on Wall Street, before quickly paring gains. The pan-European Stoxx 600 indexopened 0.56% higher Monday but pared gains to turn lower, down 0.2% in early trades. Banks and household goods are currently […]
Bitcoin BTC$63,662.38 faces potential selling pressure as the dollar value of hodlers’ BTC exposure falls by billions of dollars. New research by onchain analytics platform CryptoQuant shows speculators stepping in while seasoned hodlers go risk-off on BTC. Bitcoin hodlers “likely taking profits” Amid continued enthusiasm over a return to all-time highs for BTC/USD, Bitcoin long-term holders (LTHs) are taking no […]
There’s more to like about Bitcoin beyond its enormous upside potential. In 2024, a surprising number of billionaires have turned bullish on Bitcoin (BTC 2.61%). Some of them are billionaire hedge fund managers. Others are tech entrepreneurs or captains of industry. And there’s even a billionaire real estate mogul-turned-politician who has embraced Bitcoin as a campaign issue. This […]
The US labor market added far more jobs than projected in September while the unemployment rate unexpectedly ticked lower, reflecting a stronger picture of the jobs market than Wall Street had expected. Data from the Bureau of Labor Statistics released Friday showed the labor market added 254,000 payrolls in September, more additions than the 150,000 […]
The US economy added 254,000 jobs in September and the unemployment rate ticked slightly lower to 4.1%. This better-than-expected report brought positive news to Wall Street, giving stocks (^DJI,^GSPC, ^IXIC) a slight lift Friday morning. Scott Wren, Wells Fargo Investment Institute senior global market strategist, joins Morning Brief to discuss how investors can best navigate […]
Bitcoin edged up to highs of $61,600 in early European trading today, as investors nervously await the U.S. Bureau of Labor Statistics’ release of the September jobs report. At time of publication, the price of Bitcoin has pulled back to around $61,300, up 1% on the day, per data from CoinGecko. Market experts believe this […]
The price of Bitcoin climbed higher Friday, rising over 3% to a daily high above $62,300 earlier after a blowout jobs report helped assuage fears of an imminent economic slowdown in the U.S. The Bureau of Labor Statistics reported Friday that employers added 254,000 jobs in September, far surpassing economists’ expectations of 140,000 jobs gained. […]
US stocks drifted higher on Wednesday as escalating Israel-Iran tensions fanned worries about a wider Middle East conflict, prompting overall caution in the market. The S&P 500 (^GSPC), Dow Jones Industrial Average (^DJI), and Nasdaq Composite (^IXIC) all closed narrowly higher, with none of three rising more than 0.1%. Stocks came under pressure to kick […]
Bitcoin declined by 8.3% between Sept. 30 and Oct. 1, reaching a two-week low of $60,207. Despite a modest recovery to $61,300 on Oct. 2, Bitcoin’s price remains 16.6% below its March 2024 all-time high, whereas gold and the S&P 500 are each within 2% of their recent record levels. Given Bitcoin’s underperformance, one might […]
North Carolina’s local Bitcoin communityis prepping a convoy of emergency room physicians, volunteers, and retired military personnel to provide critical assistance in the state’s mountain region following Hurricane Helene. The operation will start on Oct. 4 from the Greensboro region, and the 12-man team will be equipped with six full-sized trucks, multiple utility task vehicles, […]
Risk markets are off to an ominous start this October. After a blistering rally over the first nine months that led the S&P 500 (^GSPC) to its best performance since 1997, the benchmark just had its worst day in three weeks on Tuesday. Geopolitical tensions and an Iranian missile strike on Israel are dominating headlines, […]
