Bitcoin prices continued to tumble Tuesday, one day after stock and bond markets were closed in the U.S. for the Martin Luther King holiday. Bitcoin was trading at around $41,800 early Tuesday, down 2.04% overnight. Rivals Ethereum and Dogecoin were trading at nearly $3,160 (-3.13%) and 16.8 cents (-0.56%), respectively. Pankaj Balani, CEO of the […]
U.S. stocks got battered on Tuesday in a volatile start to the holiday-shortened trading week as rising bond yields, persisting rate pressures and an earnings miss by Goldman Sachs weighed on markets. The Dow Jones Industrial Average lost more than 540 points and the tech-heavy Nasdaq shed 2.6%, recording its lowest close since October as […]
Bitcoin prices tumbled on Monday with stock and bond markets closed for the Martin Luther King holiday. The largest crypto by market value slipped over 1% in afternoon trading, hovering around the $42,000 level. Ethereum and Dogecoin were also lower. Despite the ongoing volatility, digital currencies are expected to grow in acceptance this year as […]
U.S. stock futures were little changed Monday night as traders braced for the latest batch of corporate earnings reports. Futures tied to the Dow Jones Industrial Average ticked higher by 33 points, or 0.1%. S&P 500 futures rose 0.1%, and Nasdaq 100 futures slipped marginally. U.S. markets were closed Monday due to the Martin Luther […]
When President Joe Biden announced plans to release up to 50 million barrels of oil from the strategic petroleum reserve to lower retail fuel prices, many analysts warned that any effect this move would have would be short-lived. Indeed, prices dropped for a very short while and are now on the climb again, with the […]
Indian Prime Minister Narendra Modi called for global cooperation to tackle the challenges posed by cryptocurrencies. Speaking virtually at the 2022 World Economic Forum’s annual Davos conference, Modi said “Cryptocurrency is an example of the kind of challenges we are facing as a global family with a changing global order. To fight this, every nation, every […]
In 2020, as the coronavirus locked down country after country, many energy industry observers and even participants floated the argument that this was the end of the oil era. Demand, these commentators said, had peaked. From now on, it will be a downward spiral for it, they said. These predictions did not age well. Just […]
SYDNEY, Jan 17 (Reuters) – The dollar clung to a late week bounce on Monday as investors braced for January’s U.S. Federal Reserve meeting and raised bets it will chart a year ahead containing several rate hikes, while China cut borrowing costs to support a stuttering economy. A Bank of Japan meeting which concludes on […]
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, […]
