Stocks ended lower on Thursday as investors digested a better-than-expected prints on the labor market, as well as a report that President Joe Biden would be open to revising his proposal to increase the corporate tax rate. The Washington Post reported that Biden was reconsidering his previous proposal to raise the corporate tax rate to […]
Category: Stocks Watch
Norton 360 antivirus will soon mine cryptocurrency
NortonLifeLock will soon roll out a feature for Norton 360 that’s not commonly found in antivirus programs: A built-in miner that will enable users to mine for Ethereum. The company will start giving select participants in its early adopter program access to the feature today, though it intends to make Norton Crypto available to all […]
Bitcoin is a “farce”- Amundi CIO
Cryptocurrencies such as bitcoin are a “farce” and a symptom of bubbles forming in financial markets, Amundi chief investment officer Pascal Blanque said on Thursday. Bitcoin, trading at around $39,364 , fell 35% last month after China doubled down on efforts to prevent speculative and financial risks by cracking down on mining and trading of […]
Asia-Pacific markets mixed; RBI keeps interest rates unchanged
SINGAPORE — Shares in Asia-Pacific were mixed on Friday, as the Reserve Bank of India held steady on interest rates. Hong Kong’s Hang Seng index closed 0.17% lower at 28,918.10. In mainland China, the Shanghai composite rose 0.21% on the day to 3,591.84 while the Shenzhen component gained 0.744% to close at 14,870.91. In Japan, […]
Tesla’s Surprise Just Shocked the Stock Market
Like it or hate it, Tesla (NASDAQ:TSLA) gets a huge amount of attention from investors. When news affects the electric vehicle pioneer, people take notice — and the moves of its stock can affect the entire market. Thursday was a generally weak day on Wall Street, as investor enthusiasm for popular meme stocks gave way […]
Why This Penny Cryptocurrency Could Crush Dogecoin
By now, you’ve probably heard of Dogecoin (CRYPTO:DOGE), the meme-inspired cryptocurrency that skyrocketed 12,000% over the past year. Those life-changing gains have captured the interest of investors, and the hunt is on for the next moonshot. To that end, Oxen — formerly known as Loki — currently trades at $0.84 per token, and it has a market value of […]
Bitcoin price above $37,000 leads cryptocurrencies higher
Bitcoin was trading more than 2% higher on Wednesday morning. The price was around $37,134 per coin, while rivals Ethereum and Dogecoin were trading around $2,677 and 39 cents per coin, respectively, according to Coinbase. Cryptocurrency purchases could become easier with the launch of the Coinbase Card. The card is partnering with Apple Pay and […]
AMC Entertainment, BlackBerry Lead Stock Markets Higher
Stock markets moved modestly higher on Wednesday, continuing the trend of somewhat lackluster market movements recently. Investors like what they’re seeing in terms of economic reopening, but they remain concerned about inflationary pressures and other potential problems that could rear up at any time. As of 11 a.m. EDT, the Dow Jones Industrial Average (DJINDICES:^DJI) was up 72 […]
A running list of companies whose market cap is topped by Dogecoin’s
Dogecoin is back on investors’ radar Wednesday, as prices rally following word that Coinbase Pro will start letting users trade the cryptocurrency beginning on Thursday. Once considered a joke, the digital currency was up 33% in midday trading to nearly 42¢. But perhaps even more impressive was the latest update on its market cap. Dogecoin […]
U.S. labor market worse than it appears, Fed paper suggests
U.S. labor market signals are conflicting to an “unprecedented” degree, but those suggesting labor market slack should be given more weight than those pointing to tightness, according a paper published Monday by the San Francisco Federal Reserve Bank. The paper looked at 26 labor market measures that typically move in tandem and found that during […]
Why Riot Blockchain Stock Popped Today
What happened Shares of Bitcoin (CRYPTO:BTC) miner Riot Blockchain (NASDAQ:RIOT) surged to close 7.7% higher on Tuesday after analysts at two separate investment banks voiced positive opinions on the stock. So what Commenting last week on Riot Blockchain’s announcement that it has completed its acquisition of the 300 megawatt Whinstone facility in Texas (at a cost of $80 million in cash […]
Spouses in divorce proceedings are using cryptocurrency to hide money. Here’s how experts find it
The dramatic rise of cryptocurrency has led to some spouses hiding those digital assets during divorce settlements, and tracking down the funds isn’t easy, experts say. More than 20 million Americans may own cryptocurrency, industry groups say, and digital currency market values grew to a record $2 trillion in April. These spikes may be enticing […]