Stocks rose Wednesday in a bout of volatile trading, as investors weighed what the latest U.S. inflation data means for Federal Reserve policy. Tech shares led a rebound from steep session lows. The S&P 500 gained 1.07% to close at 5,554.13. Wednesday marked the first time since October 2022 that the broad market index dropped 1% on […]
After a hotter-than-expected inflation reading on Wednesday, markets have quickly moved to price in a higher likelihood that the Federal Reserve will opt for a smaller, more conservative interest rate cut at its September meeting. A bigger reduction could send stocks reeling. As of Wednesday, investors were placing the probability of the Fed lowering rates […]
Bitcoin slid as investors reacted to the US presidential debate between Democratic nominee Kamala Harris and Republican rival Donald Trump, who has embraced the crypto sector. The digital asset fell as much as 3.4% before paring some of the drop to trade at around $55,850 as of 10:04 a.m. Wednesday in New York. In wider […]
Despite the increasingly partisan sentiment in the cryptocurrency industry, bitcoin will thrive over the long term regardless of who wins the U.S. presidential election in November. That’s a view many crypto investors are coming to accept, as the wave of optimism spurred by former President Donald Trump’s pro-crypto overtures this summer starts to recede. “Do I think […]
Asian stocks inched slightly higher on Tuesday but struggled to sustain an upbeat rally on Wall Street as concerns about a faltering Chinese economy dampened the market mood. Data on Tuesday showed China’s exports grew at their fastest since March 2023 in August, suggesting manufacturers are rushing out orders ahead of tariffs expected from a number of […]
The U.S. Federal Reserve can afford to make a jumbo 50 basis point rate cut next week without spooking markets, an analyst has suggested, as opinion on the central bank’s forthcoming meeting remains hotly divided. Michael Yoshikami, CEO of Destination Wealth Management, said Monday that a bigger cut would demonstrate that the central bank is […]
Bitcoin price edged above $57,500 on Sept. 9 as markets sprang back from an “exaggerated” reaction to August’s payroll report. Data from Cointelegraph Markets Pro and TradingView showed Bitcoin price action recording gains roughly 8.3% above the week’s $52,546 lows. The day’s reversal in Bitcoin’s price direction has many traders wondering if the bottom might be in for BTC. […]
Bitcoin jumped Monday evening and topped $57,000 after Wall Street’s rebound from its worst week of the year. The price of the flagship cryptocurrency was last higher by 5.6% at $57,4449.00, according to Coin Metrics. Last week, bitcoin tumbled 9% for its worst weekly performance since August 2023. In regular trading, Coinbase and MicroStrategy climbed 5.2% and 9.2%, respectively, […]
You would think people have learned to stay the course with their retirement accounts when the stock market gets shaky. Unfortunately, not so. A new report finds that 401(k) participants keep on selling during market downturns despite being repeatedly told to chill. For example: In early August, markets went topsy-turvy as investors, including 401(k) participants, […]
A new report from River—a Bitcoin technology and financial services firm—forecasted that some companies in the United States will increase their exposure to Bitcoin over the next 18 months. According to the report, an estimated 10% of US-based companies will likely convert 1.5% of their treasury reserves, or approximately $10.35 billion, to Bitcoin over the […]
A Bitcoin correction below the $50,000 psychological mark could occur as soon as this weekend, threatening to create more downward pressure in September, which is a historically bearish month. The Bitcoin price could see more downside pressure this weekend as whales (entities holding large amounts of BTC) look to lock in profits. One savvy whale […]
Billionaire Mark Cuban acknowledged that Vice President Kamala Harris’ plan to tax unrealized capital gains would “kill the stock market,” while insisting that she won’t go through with it as dubious CNBC hosts pushed back in a contentious interview Thursday. Cuban joined CNBC’s “Squawk Box” on the phone to discuss his support for Harris, revealing […]
