Almost any direction you look, it points to higher oil prices and a potentially damaging effect on the global economy — one the market will have to factor in once and for all. To be sure, the stage is set for a renewed push higher in oil prices after a momentary relief sell-off. President Biden’s […]
LONDON, March 28 (Reuters) – There are no major abnormalities in the European Union’s large market for carbon emissions, but tighter controls could improve transparency and monitoring hampered by Brexit, the EU’s securities watchdog said on Monday. The market, made up of a primary market of allowances and a secondary market of mainly derivatives based […]
2A US lawmaker has proposed a large-scale trial of government-backed digital cash. The Electronic Currency and Secure Hardware (ECASH) Act, introduced by Rep. Stephen Lynch (D-MA), would direct the Secretary of the Treasury to publicly test an “electronic version” of the US dollar. While the bill’s odds of passing likely remain low, it demonstrates governments’ […]
The price of bitcoin jumped Monday following a slew of bullish developments for the cryptocurrency, even as investors continue to monitor developments in the war in Ukraine and moves by the Federal Reserve. Bitcoin extended gains from a late Sunday rally, when the cryptocurrency broke past the key level of $45,000 and erased its losses […]
Stock futures were lower early Monday morning as investors look ahead to a series of key economic reports and continue to keep a close eye on the Federal Reserve’s planned interest rate hikes. Futures tied to the Dow Jones Industrial Average moved lower by 131 points, or 0.38%. S&P 500 futures and Nasdaq 100 futures […]
SINGAPORE — Shares in Chinese tech firms mostly rose in mixed Asia-Pacific trading on Monday, with oil prices falling more than 3%. By the Hong Kong market close on Monday, shares of Meituan soared 11.56% while Tencent gained 2.81%. Meituan on Friday posted better-than-expected revenue for the last three months of 2021. The company’s revenue for the fourth […]
Hal Finney received the first-ever Bitcoin transaction. Hal passed from ALS in 2014, but his legacy lives on because he was a genius (at least, by my account). Or a time traveler. Or a clairvoyant. I mean, he tweeted this in 2009. Later, in 2010, Finney wrote a message on the famed BitcoinTalk forum that […]
The price of Bitcoin and Ethereum spiked on Sunday and pushed through recent price resistance as the entire crypto market pumped higher. Bitcoin is up more than 5% in 24 hours to $47,020 at the time of writing, and Ethereum is up 5% to $3,292, according to CoinMarketCap. Bitcoin is now up 14% in the […]
The already month-long Russian war in Ukraine has upended analyst outlooks of the global economy this year. Forecasts quickly shifted from a robust post-COVID rebound to rising chances of a full-blown global recession due to spiking energy prices, broken supply chains, and tight global oil supplies. Economists, analysts, and famed investors say the odds of […]
Bitcoin (BTC) took a breather from its latest upside on March 26 after predicted resistance kicked in just under the yearly open. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin fakeouts: Third time’s the charm? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD lingering around $44,500 Saturday, preserving the lion’s share of the week’s progress. Traders had sounded the […]
The investing part can be very easy — and the rest is just math. You can really turn any sum into any other sum if you invest in the stock market. Indeed, if you approach investing with little knowledge and, knowingly or unknowingly, take on a lot of risk, you can turn one sum into […]
Whenever the White House says it is working on a plan that would transform a vital part of the U.S. economy, and that the administration is doing so with the “highest urgency,” it should go without saying that the press should pay close attention to what’s going on. Even more importantly, the press should eagerly […]
