US stocks recovered from session lows but finished the day mixed as investors digested a recent bond market sell-off and the next wave of earnings reports. The S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) closed just below the flatline, while the tech-heavy Nasdaq Composite (^IXIC) ticked up around 0.2%. It was the first […]
Category: Stocks Watch
The stock market’s era of big gains may not be over
The stock market has been roaring for the past decade, with the S&P 500 (^GSPC) boasting an annualized return of 13%. On Friday, Goldman Sachs (GS) published a research note projecting the next decade won’t be as friendly to investors in the benchmark index. The S&P 500 will deliver an annualized return of 3% over […]
Peter Todd forced into hiding after HBO doc claims he invented Bitcoin
Canadian cryptographer and computer scientist Peter Todd says he’s been forced into hiding for fear of his safety after an HBO documentary supposedly outed him as the inventor of Bitcoin BTC$66,956. The film, dubbed “Money Electric: The Bitcoin Mystery,” aired on Oct. 9 and was purported to finally reveal the mystery surrounding the true identity of […]
Bitcoin price needs new high above $69K ‘mid week’ as US dollar surges
Bitcoin BTC$66,961 kept up pressure on support on Oct. 22 as analysis demanded a new high within days. BTC/USD 1-hour chart. Source: TradingView BTC price grills support for second day Data from Cointelegraph Markets Pro and TradingView captured choppy BTC price conditions around the latest Wall Street open. Gyrating around $67,000, BTC/USD failed to regain bullish momentum after dropping 3% in […]
Bitcoin Is Up 53% This Year, But This Cryptocurrency Is Doing Even Better
This meme token is a shadow of its former self, but it’s still outperforming the world’s biggest cryptocurrency in 2024. Bitcoin (BTC -2.29%) is the world’s biggest cryptocurrency. Its market capitalization of $1.3 trillion accounts for more than half of the market cap of the entire crypto market, which currently stands at $2.4 trillion. The […]
‘New bullish phase’? As gold hits another high, analysts say more records are in sight
Gold is in a “new bullish phase” after prices notched another record high, said asset management firm Sprott Asset Management, echoing other analysts who have predicted that the bullion will continue to scale new heights. “Gold has entered a new bullish phase, driven by factors like central bank buying, rising U.S. debt and a potential […]
Stock market today: Dow drops 300 points, Nvidia, Apple close at fresh records
Stocks closed mixed on Monday as the 10-year Treasury yield rose and investors braced for a packed week of top-tier earnings that could drive or drag on a record-setting rally. The S&P 500 (^GSPC) dropped almost 0.2%, coming off a fresh all-time closing high and a sixth weekly win in a row. The Dow Jones […]
Bitcoin Pulls Back Below $67K; Is Another Crypto Rally Failing?
Following a failed challenge of the $70,000 level during early Monday trading hours in Asia, bitcoin (BTC) fell below $67,000 in U.S. morning action. Recently, bitcoin’s price was lower 2.3% over the past 24 hours, underperforming the broad-market CoinDesk 20 Index’s 1% loss during the same period. Ethereum’s ether (ETH) was also down nearly 1%, […]
Is gold safer than U.S. Treasury bonds as federal debt keeps soaring?
Backed by the full faith and credit of the federal government, U.S. Treasuries bonds have long been viewed as the gold standard in safe investments. In times of uncertainty, economic downturns, or full-blown crises, investors have flocked to Treasuries as a haven. But what if actual gold is the new gold standard for a safe […]
Governments must tax or ban Bitcoin to maintain deficits: Minneapolis Fed
The Federal Reserve Bank of Minneapolis suggests that a ban or tax on Bitcoin could ensure its ability to run permanent budget deficits. A recent research paper by the Federal Reserve Bank of Minneapolis suggests that assets such as Bitcoin should be taxed or banned for governments to maintain deficits. In an economy where the […]
Striking Boeing Workers Make Earnings Day a Cliffhanger for CEO
Kelly Ortberg’s earnings debut as Boeing Co. chief executive officer has gained an element of suspense as workers vote on the same day whether to accept the planemaker’s latest proposal and end a five-week-long strike. Boeing and the union representing 33,000 striking members hammered out a tentative new accord that notches up pay by 35% […]
$556M in spot Bitcoin ETF inflows signals major shift in investor sentiment
Spot Bitcoin exchange-traded funds (ETFs) in the United States witnessed their most significant single-day inflows in over 120 days on Oct. 14. With more than half a billion dollars pouring into the funds, Bitcoin’s BTC$68,553 price topped $67,800 — its highest in more than three months. ETF Store president Nate Geraci described the event as a landmark day for spot BTC […]