Bitcoin (BTC) remains in its short-term downtrend begun in November, currently off 40% from its all-time high near $69,000. The cryptocurrency was testing initial support at $40,000 at press time, although stronger support is seen at $30,000, which was roughly the bottom of 2021’s selloff. Momentum signals remain negative, indicating consistent selling pressure over the […]
Cryptocurrencies tumbled sharply on Friday, with losses outpacing those in other risk-sensitive markets, as geopolitical tensions stemming from the Russia-Ukraine crisis kept investors on edge. In choppy trading, Bitcoin (BTC-USD) briefly cracked $40,000, a psychologically charged level that’s punctuated its recovery from the brutal “crypto winter” selloff that drove the token from a record high hit last November. Buyer demand […]
Dow Jones futures rose early Friday morning, along with S&P 500 futures and Nasdaq futures, on news of a high-level U.S.-Russia meeting. The stock market rally sold off Thursday, with the S&P 500 tumbling back below its 200-day line as Russia-Ukraine tensions once again were front and center. Roku (ROKU) reported mixed earnings after the close. […]
Investing legend Charlie Munger hasn’t softened his stance on day trading, once again comparing the practice to “an ideal gambling parlor activity.” In an appearance at the Daily Journal Annual Meeting hosted by Yahoo Finance, the 98-year-old right-hand man of Warren Buffett said that he wishes fewer investors treated the stock market like a casino. […]
Oil prices extended losses on Friday, and were headed for a weekly fall, as the prospect of extra supply from Iran returning to the market outweighed fears of a possible supply disruption arising from a Russian invasion of Ukraine. Brent crude futures fell 47 cents, or 0.5%, to $92.50 a barrel at 0410 GMT, extending […]
Stock futures opened lower on Thursday after a sell-off during the regular trading day, with geopolitical concerns ramping further to trigger a risk-off move in markets. Contracts on the S&P 500 fell. The index dropped more than 2% earlier, while the Dow dropped 1.8% for its worst day since November. Technology and growth stocks renewed […]
SINGAPORE — Stocks in Asia-Pacific were mixed in Thursday trade as investors continue to monitor the situation surrounding Ukraine. The Nikkei 225 in Japan declined 0.37% while the Topix index shed 0.46%. Japan’s January exports came in far below expectations, with official data released Thursday showing a 9.6% year-on-year rise for that month. That was against […]
Stock futures dipped in overnight trading as investors digested corporate earnings reports, updates from the Federal Reserve and developments in the Russia-Ukraine conflict. Futures on the Dow Jones Industrial Average shed about 35 points, or 0.1%. S&P 500 futures and Nasdaq 100 futures each ticked down about 0.2%. A slew of companies reported quarterly results […]
Although the headline figure has not been officially confirmed the arrangement is understood to be the largest per annum cryptocurrency sponsorship signed thus far in any international sport. RBR recently announced a lucrative title deal with tech giant Oracle as it seeks to plug the hole left by the loss of works Honda backing and […]
Berkshire Hathaway (BRK-A, BRK-B) Vice Chairman Charlie Munger on Wednesday sharply criticized cryptocurrency traders as participants in a get-rich-quick scheme and faulted the U.S. for what he considers a failure to ban cryptocurrency trading outright. Munger, 98, a longtime critic of cryptocurrency trading, said the increasingly popular market is run by “people who want to […]
AMD is now a bigger company, by market capitalization, than Intel. It may be close, but AMD has passed Intel for the first time in the company’s history with a ~$197.75 billion market cap at the close of the market on February 15 compared to Intel’s $197.24 billion. AMD’s sudden market cap surge comes on […]
Having been around a year since GameStop’s (GME) stock gained notoriety through the infamous short squeeze, “meme stocks” continued their rise to prominence throughout 2021 and remain at the forefront of investors’ minds today. According to data collected in a recent Charles Schwab (SCHW) Trader Sentiment Survey, the majority of investors believe meme stocks still […]
