LONDON — European markets started the month of May on a weaker footing, with investors monitoring monetary policy, inflation data, and sharp moves on Wall Street. The German DAX was down 0.7% in early deals, while the French CAC was down 0.9%. The U.K.’s FTSE 100 is closed for a public holiday and trading volumes are expected to be impacted. German […]
Telegram’s 550 million users now have an easy way to utilize a pair of crypto assets. The Ton Foundation says it’s created a new way for users to send and receive Toncoin (TON) directly from their chat windows. They can also interact with the Foundation’s wallet bot to buy, trade and send Bitcoin (BTC). The […]
U.S. stock index futures were higher during early morning trading Monday after the Nasdaq Composite Index posted its worst month since 2008, pressured by rising rates, rampant inflation, and underwhelming earnings from some of the largest technology companies. Futures contracts tied to the Dow Jones Industrial Average gained 171 points. S&P 500 futures were 0.47% […]
Berkshire Hathaway Chairman Warren Buffett on Saturday put fresh money behind Activision and Chevron and doled out sharp criticism against speculation in the market. Speaking at Berkshire Hathaway’s first in-person annual meeting since 2019, Buffett went so far as to say the market’s turned into a “gambling parlor.” The Oracle of Omaha also commented on […]
Berkshire Hathaway CEO Warren Buffett lambasted Wall Street for encouraging speculative behavior in the stock market, effectively turning it into a “gambling parlor.” Buffett, 91, spoke at length during his annual shareholder meeting Saturday about one of his favorite targets for criticism: investment banks and brokerages. “Wall Street makes money, one way or another, catching […]
The cryptocurrency industry has been quietly lobbying U.S. lawmakers against legislation designed to prevent Russian oligarchs from using digital currencies to evade sanctions imposed on Russian President Vladimir Putin’s allies and their companies following Russia’s attack on Ukraine. The Blockchain Association, a lobbying group that represents more than 70 crypto platforms including Ripple, Crypto.com and […]
Bitcoin, the flagship cryptocurrency, is on track to record another month in the green. It has so far plunged roughly 14.8% in April. Image by tradingview.com The top cryptocurrency had a rough start this year, dropping by over 15% in January. That was the worst start to a new year for Bitcoin since the brutal bear […]
Stock Markets Concerns about inflation that dominated much of April were generally ignored in the past week while the focus shifted to announcements of corporate earnings and what is generally seen as a deterioration of the global growth for the rest of the year. The ongoing war in Ukraine remains to be the overriding threat […]
SINGAPORE — Shares in Asia-Pacific rose on Friday, with technology stocks in the region jumping following big gains on Wall Street that saw the Nasdaq Composite surging 3%. Hong Kong’s Hang Seng index closed 4.01% higher at 21,089.39, leading gains among the region’s major markets. Mainland Chinese stocks also saw sizable gains, with the Shanghai […]
Despite the stock market’s recent sell-off, sticking to your investment plan is still the best strategy. There’s evidence that the market may bounce soon in what is known as a relief rally. It’s important to remember that even though this year has been tough, the stock market always rebounds eventually. The market has been tough […]
LONDON — Nium, a $2 billion digital payments start-up based out of Singapore, has big plans for its European business. The company, whose software helps businesses manage flows of money across borders, is in talks to make an acquisition worth up to $400 million to drive an expansion in the continent, CEO and co-founder Prajit […]
Stock performance for the technology giant is now flat over the last 12 months. We’re in the heart of earnings season, with the mega-cap technology stocks all set to report first-quarter results this week. With trillions of dollars in market cap, these are the most important earnings results to determine the health of the U.S. […]
