Bitcoin (BTC) headed toward $42,000 on April 9 after bulls failed to spark a late-week turnaround. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin lines up 10% weekly red candle Data from Cointelegraph Markets Pro and TradingView showed BTC/USD slowly dissolving support levels in place for several weeks as the weekend began. After multiple tests of $43,000, that area finally […]
FIRST ON FOX: The Bitcoin 2022 conference attracted some 25,000 attendees, some of whom shared with FOX Business why they traveled to Miami Beach to talk cryptocurrency. The conference attracted all walks of life. Though mostly young men, there were many middle-aged and older attendees and significantly more women participants this year compared to last […]
Peter Thiel, the co-founder of PayPal and a Donald Trump ally, has accused a “finance gerontocracy” including Warren Buffett and Jamie Dimon of hindering bitcoin’s progress. The outspoken libertarian tech investor described multibillionaire Buffett, the world’s richest investor, as the “sociopathic grandpa from Omaha” in a keynote address at the Bitcoin 2022 conference in Miami […]
Standing 11 feet tall and glistening in the southern sun, “The Miami Bull” statue has been called both “a crime against god” and “pretty cool.” The robotic reimagining of the Wall Street landmark is 3,000 pounds, made of chrome and fiberglass and sports blue laser eyes. Miami Mayor Francis X. Suarez said it speaks to […]
U.S. stocks on Friday notched losses for the week as investors braced for tighter monetary policy from the Federal Reserve, and both the S&P 500 and Nasdaq pulled back from three consecutive weeks of gains. The Dow Jones Industrial Average climbed 137.55 points, or 0.4%, to 34,721.12, while the S&P 500 dipped 0.27% to 4,488.28. […]
Before tensions escalated between Ukraine and Russia in February, a bullish stock market story had been unfolding: Wall Street analysts were revising up their forecasts for 2022 and 2023 corporate earnings. Since then, geopolitical risks spiked, becoming the top concern among investors. The stock market got rocked, sending the S&P 500 (^GSPC) to a low […]
Stock Markets Small-caps and growth stocks led the markets considerably downwards as the manor indexes ended lower week-over-week. Within the S&P 500 Index, sector performance varied widely. Solid gains were charted by the historically defensive consumer staples and health care sectors, while steep losses in information technology, communication services, and consumer discretionary shares. For most […]
CNBC’s Jim Cramer said Thursday that he expects the market to pivot to a bull market for recession-proof stocks rather than expensive growth names. When the Federal Reserve decides to combat an “inflationary spiral with higher [interest] rates, you’re not supposed to buy expensive growth stocks. The hedge fund playbook says that you should sell […]
There may be no escape from the bond market turmoil — even for stock investors. Market researcher Jim Bianco warns critical Federal Reserve policies to control wild inflation will inflict widespread losses on Wall Street. “Eventually, this is going to come back and hurt all financial assets,” the Bianco Research president told CNBC “Fast Money” […]
MIAMI — Strike CEO Jack Mallers unveiled a litany of high-powered partnerships for Bitcoin’s Lightning Network at the Bitcoin 2022 conference in Miami on Thursday – including an integration with ecommerce giant Shopify. “You’re gonna be able to walk into” millions of American storefronts that plug into the payments stalwarts and pay across the Lightning […]
Meta has drawn up plans to introduce virtual coins, tokens, and lending services to its apps, as Facebook’s parent company pursues its finance ambitions despite the collapse of a project to launch a cryptocurrency. The company, led by chief executive Mark Zuckerberg, is seeking alternative revenue streams and new features that can attract and retain […]
LONDON — European markets closed lower on Wednesday against a backdrop of hawkish comments from U.S. Federal Reserve officials and further sanctions against Russia. The pan-European Stoxx 600 provisionally ended down 1.6%, with almost all sectors and major bourses sliding into negative territory. Travel and leisure stocks led the losses, down 3.9% for the session, […]
