European stocks fell sharply on Friday, wrapping up another volatile week for markets amid fears over the direction for central bank policies. The pan-European Stoxx 600 closed down by 1%, with mining stocks shedding 2.8% to lead losses as almost all sectors bar retail and travel slipped into the red. It marks the fourth consecutive […]
Bitcoin (CRYPTO:BTC) is the $720 billion behemoth in the crypto market, and has been called a lot of things, including a hedge against inflation and the future of digital currency. But I think right now the best-case scenario for Bitcoin is that it’s digital gold, or a store of value for turbulent times. Whether you’re […]
Nobel Prize-winning economist Paul Krugman has given an ominous warning about the volatile cryptocurrency market, comparing it to the subprime mortgage crisis of the late 2000s. In an opinion piece for The New York Times on Thursday, Krugman said he’s “seeing uncomfortable parallels” between crypto and the U.S. subprime crash, which brought the whole housing […]
For well over a century, the stock market has stood on a pedestal as one of the world’s greatest wealth creators. Although it may not head higher every year, the average annual return of stocks has handily outperformed other asset classes, such as bonds and commodities. But in recent years, cryptocurrencies have absolutely run circles […]
Stock Markets The large-cap benchmarks recorded gains for the week on the back of a late-week rally, and only after the major indexes corrected by more than 10% from the recent peaks. Lagging behind the large caps is the small-cap Russell 2000 Index which closed the week down by almost 20% from its November high, […]
The S&P 500 index was closing in on a correction on Friday for the fifth time this week on worries about a series of interest rate hikes to tame inflation and losses in shares of Caterpillar and Chevron. The benchmark index would have to close 10% or more below its record closing high reached on […]
The stock market’s wild gyrations this past week have been an emotional roller coaster for investors, and the ride has not come to a full stop. It feels bad right now, and strategists say it could get worse as the market tries to find a floor. Overall, there have not been many periods like this, […]
U.S. stocks rallied into the close Friday to wrap up a roller-coaster week, buoyed by rebounding technology stocks. The Dow Jones Industrial Average rose 564.69 points, or 1.7%, to 34,725.47. The blue-chip average posted its best day since Dec. 6 after being down more than 350 points at its lows. The S&P 500 added 2.4% […]
When the stock market somersaults, you catch your breath, bite your lip, and try really hard not to think about the value of your retirement account. That’s just what happened this week, with the market gyrating wildly from one extreme to the other. For small investors, whose biggest exposure to the stock market is usually […]
Chinese food delivery and local services giant Meituan has expanded the way that China’s digital yuan can be used on its platform to make purchases. It is another sign of technology companies helping to promote China’s digital fiat currency as the country’s central bank looks to increase the number of people using it. Users can […]
Stock futures rose in overnight trading Thursday, boosted by a jump in Apple shares, as Wall Street looks to wrap up a roller-coaster week on a high note. Futures on the Dow Jones Industrial Average gained about 100 points. S&P 500 futures climbed 0.3% and Nasdaq 100 futures jumped 0.7%. Shares of Apple popped nearly […]
The International Monetary Fund says cryptocurrencies and stocks are likely to see more volatility, with the Federal Reserve set to raise interest rates, and as increasing correlations between the two asset classes create risks to the financial system. Digital coins have gotten off to a rocky start in 2022, with a deep sell-off obliterating billions […]
