An important gauge for the Federal Reserve showed inflation eased slightly from a year ago in June, helping to open the way for a widely anticipated September interest rate cut. The personal consumption expenditures price index increased 0.1% on the month and was up 2.5% from a year ago, in line with Dow Jones estimates, […]
Former President Donald Trump’s effort to cement his candidacy with the cryptocurrency industry – and shake it for campaign cash — is starting to be complicated by a new X factor: the ascension of Kamala Harris. Trump’s Saturday appearance at the Bitcoin 2024 conference in Nashville is the latest sign that a second Trump term […]
US stocks closed a volatile week with a flash of optimism as investors mounted a comeback off promising inflation data and hardening expectations of coming interest-rate cuts. The Dow Jones Industrial Average (^DJI) added 1.6%, or more than 650 points. The S&P 500 (^GSPC) rose about 1.1%, while the Nasdaq Composite (^IXIC) put on 1% […]
United States Senator Cynthia Lummis delivered her highly anticipated address at the Bitcoin 2024 conference in Nashville alongside Senator Tim Scott. However, the presentation did not feature the rumored introduction of legislation establishing Bitcoin as a strategic reserve asset of the US. The Wyoming Senator criticized the Securities and Exchange Commission for regulating the industry […]
US stocks attempted an unsuccessful rebound on Thursday as the Nasdaq and S&P 500 added to Wall Street’s latest Big Tech sell-off, fueled by concerns the artificial intelligence trade could be losing steam. The Nasdaq Composite (^IXIC), which wobbled between losses and gains throughout the trading day, closed down about 0.9% after coming off the […]
NASHVILLE, Tennessee — Former President Donald Trump is headed to Tennessee this weekend to deliver a keynote address at a major bitcoin conference. It’s looking like he’ll be in front of a favorable crowd. Trump, the Republican nominee for president, has raised more than $4 million from a mix of digital tokens, a campaign aide told CNBC. […]
After weeks of hitting new highs, the S&P 500 index on Wednesday suffered its worst trading session since 2022. The market broadly began to recover Thursday amid a sell-off in technology stocks. Experts say those stock moves and shuffling sectors are common during a bull market. But Bank of America is calling today’s conditions something else — a buffalo market — […]
Bitcoin may be seeing “impulsive” upside, analysis warns as markets brace for key news events. In a July 26 X post, popular trader Crypto Ed joined those cautioning over the latest Bitcoin price spike above $67,000. Bitcoin bears may still clear “impulsive” move Bitcoin may be up by around 2% since the July 25 daily close, but […]
Chipotle Mexican Grill on Wednesday reported quarterly earnings and revenue that topped analysts’ expectations as it saw higher traffic at its restaurants, bucking an industry slowdown. Shares of the company rose about 13% in extended trading before losing most of those gains and settling around 3% higher. As of Wednesday’s close, Chipotle’s stock had slid 17% […]
Home goods and furniture retailer Conn’s Inc. filed for Chapter 11 bankruptcy protection on Tuesday and announced plans to close several locations. The company said more than 70 of its HomePlus stores in 13 states will shutter. Conn’s filed for bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas. FOX Business […]
Since the market opened yesterday, the S&P500 has lost 1.8%, the tech-heavy Nasdaq-100 is down 3.0% and tech darling Nvidia (NVDA) has bled 5.3%. Normally, bitcoin follows stocks (especially tech stocks) on their daily moves, but this time, as of writing, bitcoin (BTC) is up 0.5%. What gives? It’s a small window of time, sure, […]
Ethereum’s big moment has arrived with the launch of five spot ETFs. Earlier this year, Ark Invest’s Cathie Wood stunned cryptocurrency investors by predicting that Bitcoin ‘s (BTC -2.85%) price would reach $1.5 million by 2027. Back in April, Wood believed that the recent approvals of the first exchange-traded funds (ETFs) based on Bitcoin’s spot […]
