Walmart appears to be venturing into the metaverse with plans to create its own cryptocurrency and collection of non-fungible tokens, or NFTs. The big-box retailer filed several new trademarks late last month that indicate its intent to make and sell virtual goods, including electronics, home decorations, toys, sporting goods and personal care products. In a […]
In the closing days of 2021, Josh Mandel, the Trump-aligned populist running in a fiercely competitive Senate primary in Ohio, drew notice for a tweet vowing to make Ohio “a pro-God, pro-family, pro-bitcoin state.” A few days later, Florida Agriculture Commissioner Nikki Fried, an outspoken Democrat running for the chance to oust GOP hero Ron […]
Oil is about to post its fourth week of gains in a row, and the outlook remains bullish thanks to supply constraints and demand strength. But one hedge fund manager is even more bullish than that. Doug King, head of the Merchant Commodity Fund, enjoyed record returns last year, gaining 74 percent in 2021 and […]
Petrobras Raises Fuel Prices for Consumers Brazilian motorists are soon likely to pay more at the pump after the country’s state-run oil company, Petrobras, raised gasoline and diesel prices on Wednesday, Reuters reported. The move comes in line with fluctuations in global markets, the company said. The firm, which is also known as Petróleo Brasileiro, […]
Bitcoin dropped to a three-month low late Friday amid jitters over U.S. monetary policy tightening and an internet shutdown in Kazakhstan, the world’s second-biggest bitcoin mining hub. The price of bitcoin fell below the $41,000 mark to $40,749.90 just after 10:50 a.m. ET Friday, reaching its lowest level since Sept. 29, according to data from […]
Bitcoin (BTC) buyers are attempting to reverse a two month-long downtrend. The cryptocurrency declined by roughly 30% from an all-time high near $69,000 in November, and now technical indicators suggest the sell-off is starting to stabilize. BTC was trading around $43,000 at the time of writing, and is up about 3% over the past week. […]
Stock Markets As the official start of the earnings season begins, the large-cap indexes posted their second consecutive weekly loss to start the year, and the Nasdaq Composite its third. At the close of the week, financial shares showed weakness on Friday as a result of major banking companies reporting lower fourth-quarter profits. JPMorgan Chase […]
The wins keep piling up for Ford (F). Impressive orders for the new electric F-150. Ford scion Bill Ford buying a slug of stock in a show of confidence. This week the auto giant’s market cap burst through $100 billion, while crosstown rival GM (GM) stays stuck in neutral at about $89 billion. Despite these […]
The market’s focus in the coming week turns toward fourth-quarter earnings, which are expected to reveal stronger profit growth for economically sensitive stocks compared to technology players. The earnings period could test a theory that value and cyclicals are set to outperform tech stocks. It will also be a time when investors get a firsthand […]
The Northwest Arkansas Council, a nonprofit organization, is offering remote tech professionals and entrepreneurs $10,000 in bitcoin to move to the region. Bitcoin, the largest cryptocurrency by market value, is currently trading at around $42,893, according to Coin Metrics. Why bitcoin? “Northwest Arkansas is experiencing explosive growth in the tech sector, specifically within blockchain-enabled technologies, […]
Bitcoin (BTC) returned closer to $40,000 on Thursday as $44,000 resistance proved too much for bulls to overcome. Buying another dip Data from Cointelegraph Markets Pro and TradingView showed BTC/USD shedding around 4% in 24 hours on Jan. 14. The pair had topped $44,450 on Bitstamp before the retracement kicked in, this seeing local lows of $41,780. While disappointing […]
DETROIT – Ford Motor’s market value topped $100 billion for the first time ever as the automaker’s stock hit a new 52-week high Thursday. The company’s shares jumped Thursday by as much as 5.7% to $25.87, hitting another 20-plus-year high, before closing at $25.02 a share, up 2.3%. Its market value dropped to $99.99 billion. […]
