Stock Markets The past week saw the major indexes ending mixed even as the Nasdaq tested a new record high. Investors swayed between fear and greed as they weighed the prospects of strong economic data and corporate profits reports against concerns about rising inflation, prevailing supply constraints, and the upsurge in coronavirus cases in certain […]
Category: Stocks Watch
Stock futures rise as S&P 500 seeks to score a winning week
Stock futures gained early Friday as the S&P 500 aims to post a winning week. Futures on the Dow Jones Industrial Average climbed 124 points. S&P 500 futures and Nasdaq 100 futures gained 0.33% and 0.41%, respectively. The market rally appeared to have slowed down a bit near record levels even amid strong corporate earnings. […]
Polkadot Chief Promises Freedom From Ethereum’s ‘Economic Enslavement’
The completion of the first Polkadot parachain auction was occasion for its creator, Gavin Wood, to herald a newfound freedom from the economic constraints of Ethereum smart contracts. Wood, a co-founder of Ethereum who helped develop the smart contract programming language Solidity, said Polkadot’s economic lease-holding model for parachains (literally, parallelized chains) is exactly why […]
Binance CEO Says Dogecoin Demonstrates The Power Of Decentralization
Dogecoin was something of an outlier when it first started to gain traction in the market. It changed the way the crypto market sees and perceives the value of an asset despite what utility it may or may not have. The digital asset was only propelled forward by memes and community love. But in less […]
US government seizes $56 million in crypto from BitConnect’s ‘number one promoter’
The US government has seized $56 million worth of cryptocurrency from an admitted participant in the BitConnect scam and intends to sell the coins and use the proceeds to reimburse victims. The Department of Justice says that it’s the largest recovery of cryptocurrency to date — and that it was willingly given up by Los […]
LA’s Staples Center to be renamed after cryptocurrency firm
One of the biggest sports and entertainment venues in the US, the Staples Center in Los Angeles, will be renamed after a cryptocurrency company in a multi-million dollar deal. A Singapore-based firm will pay more than $700m (£520m) for the rights to the 20,000-seat stadium, which will be called the Crypto.com Arena. It has agreed […]
Stock futures are flat after Dow pulls back in regular session
U.S. stock futures were flat in overnight trading after the major averages pulled back, albeit close to records, on Wednesday. Dow futures fell just 20 points. S&P 500 futures gained 0.05% and Nasdaq 100 futures rose 0.14%. Nvidia shares popped in extended trading after beating on the top and bottom lines of its quarterly results. […]
Here’s why bears hope to pin Bitcoin under $60K ahead of Friday’s $1.1B options expiry
Bitcoin (BTC) bulls were euphoric when the price soared to $69,000 on Nov. 10 because the 14.5% gain accumulated over five days meant they were in for a $715 million profit on Nov. 12’s options expiry. However, the 9% negative price move on Nov. 16 caught bulls by surprise, especially since most of the call […]
Rivian shares close down 15%, bucking post-IPO rally
Shares of electric vehicle maker Rivian ended a weeklong rally Wednesday, as investors pulled back from a monster run as speculation in the name eased after it surpassed Ford and GM in market value. The company’s stock closed down 15%. Rivian went public last Wednesday in one of the biggest IPOs of the year. The […]
Bitcoin briefly drops below $60,000 as major cryptocurrencies fall
Bitcoin and other cryptocurrencies fell sharply on Tuesday, retreating from near-record highs. The world’s largest digital coin briefly fell below $60,000 during morning trade London time, slipping as low as $58,702 at one point. It later recovered some of those loses and was 5.2% lower at $60,595.44 as of 4:10 p.m. ET, according to Coin […]
Look Out, Dogecoin and Shiba Inu: This Might Be the Next Breakout Cryptocurrency
Key Points Elonomics is a new token inspired by and named after Tesla CEO Elon Musk. The cryptocurrency has delivered impressive one-day gains but is down overall since its launch in October. Elonomics holds the potential to attract more attention and investors. Dogecoin (CRYPTO:DOGE) started out as a joke, but plenty of investors laughed all the way […]
Stock futures are mostly flat ahead of more retail earnings reports
Stock futures were mostly flat in overnight trading Tuesday ahead of earnings reports from big-box retailers Target and Lowe’s. Futures on the Dow Jones Industrial Average added about 35 points. S&P 500 futures were little changed and Nasdaq 100 futures traded near the flatline. The moves in futures trading come after fresh economic data and […]