The Dow Jones Industrial Average (^DJI 0.04%), one of three major U.S. stock market indexes, had declined in nine straight trading sessions as of Tuesday, Dec. 17. The last time the Dow Jones strung together a losing streak that long was February 1978. Specifically, the index fell more than 4% during the nine trading days […]
What’s going on here? The US dollar is nearing a two-year high as of December 20, 2024, thanks to the Federal Reserve’s hawkish policies, causing ripples across global markets. What does this mean? The greenback’s rise is largely due to the Federal Reserve’s hint at sticking with high interest rates longer than anticipated, boosting the dollar index […]
El Salvador has agreed to scale back its crypto agenda in exchange for a $1.4 billion loan from the International Monetary Fund (IMF), marking a shift in the country’s quest to become a global cryptocurrency hub. After four years of negotiations, the IMF approved a $1.4 billion Extended Fund Facility loan to be disbursed over […]
Bitcoin faces a tough battle for support after a macro scare stopped the bull market in its tracks. Bitcoin BTC$95,871 price losses have passed $12,000 in two days, but crypto traders and analysts are now lining up even lower targets. BTC price analysis warns $90,000 “not the dip” Bitcoin panicked both retail and institutional investors with its drop […]
Federal Reserve Chair Jerome Powell said on Wednesday the U.S. central bank has no desire to be involved in any government effort to stockpile large amounts of bitcoin. “We’re not allowed to own bitcoin,” Powell said at a press conference following the Fed’s latest two-day policy meeting, in which policymakers cut rates as expected while […]
The billionaire Michael Saylor, the executive chairman of enterprise software provider MicroStrategy (MSTR -9.52%), is a prominent Bitcoin (BTC -3.59%) bull. This view has worked out nicely for him after the world’s most valuable cryptocurrency has seen its price surge 151% in 2024 (as of the afternoon of Dec. 17). Saylor has positioned MicroStrategy to raise equity and debt capital in order […]
The stock sell-off on Wall Street was “healthy,” as the Federal Reserve’s cautionary projection on future rate cuts gives investors a “reality check,” according to Jeremy Siegel, professor emeritus of finance at University of Pennsylvania’s Wharton School. The U.S. Federal Reserve cut interest rates by a quarter percentage point at its last meeting of the […]
The FCA has launched a consultation on the proposed launch of a new private stock market called Pisces. Here’s a look at how it would work. If successful, the new private stock market could generate a pipeline of companies for a full IPO on a public market in the future. However, there will be restrictions […]
The end of the year is a time of reflection for many, and while some will look back on their experiences and achievements, money experts say it’s just as important to take stock of your finances. Staying on top of your spending may have seemed like an uphill struggle this year as wages have often […]
The Dow Jones Industrial Average entered the history books Tuesday with its first nine-day losing streak since 1978. The 30-stock average slid 267.58 points, or 0.61%, to settle at 43,449.90. The S&P 500 lost 0.39% and closed at 6,050.61, while the Nasdaq Composite dropped 0.32% to end at 20,109.06. The Dow’s losing streak began the day after it closed above 45,000 […]
To the delight of many investors, Bitcoin (BTC -3.05%) finally breached the $100,000 mark in 2024. But as the year draws to a close, Bitcoin owners are left wondering what comes next. Could Bitcoin soar to even greater heights in 2025, or is this surge above $100,000 a short-lived phenomenon, setting the stage for a […]
Bitcoin’s soaring value has caught the attention of high-end fashion brands and retailers, prompting further interest in offering cryptocurrencies as a means of payment to tap in to fresh pockets of wealth and build loyalty with crypto investors. Until recently, only a handful of luxury brands including LVMH (LVMH.PA), opens new tab watch labels Hublot […]
