U.S. stock index futures were little changed during overnight trading on Sunday, after the S&P 500 posted its second negative week in a row. Futures contracts tied to the Dow Jones Industrial Average gained 44 points. S&P 500 futures were flat, while Nasdaq 100 futures slid 0.15%. Stocks are coming off a mixed week which […]
Deutsche Bank is setting up an environmental, social and governance (ESG) centre of excellence in Singapore. The German bank says the centre will work across all business divisions, focusing on execution of ESG transactions, new product development, and advisory services, including sharing of global best practices with Asian regulators and regional bodies. In addition, it […]
The bitcoin sell-off continued Sunday following a roller-coaster week of trading, as authorities in China and the U.S. move to tighten regulation and tax compliance on cryptocurrencies. Bitcoin fell roughly 16% to $31,772.43 by 12:27 p.m. ET, according to Coin Metrics data. The world’s largest cryptocurrency on Friday afternoon traded at $35,891.20. Bitcoin’s recent sell-off […]
Nobel prize-winning economist Robert Shiller is worried a bubble is forming in some of the market’s hottest trades. He’s notably concerned about housing, stocks and cryptocurrencies, where he sees a “wild west” mentality among investors. “I haven’t done that in print. I’ve been saying that,” the Yale University professor told CNBC’s “Trading Nation” on Friday. […]
Blockchain lending startup Figure Technologies has raised $200 million in a Series D funding round that values the company at $3.2 billion, the firm said. The investment was led by 10T Holdings and Morgan Creek Capital Management and included contributions from new and existing investors such as Digital Capital Management, DST Global and Digital Currency […]
Bitcoin’s price fell significantly this week as the $30,000 price level waved hello to the frantically falling asset. Willy Woo, a popular Bitcoin (BTC) analyst, however, thinks the curtain call for Bitcoin’s overall upward rally has not occurred yet. During an interview with podcaster Peter McCormack, posted on the What Bitcoin Did YouTube channel on […]
Bitcoin’s price fell back below the $40,000 level on Friday after Chinese authorities intensified calls to crackdown on mining and trading the cryptocurrency. The digital coin was last down 10.7% at a price of $35,891.2 by 4:05 p.m. ET, according to Coin Metrics data, on pace for its worst week since March 13. It bounced […]
Goldman Sachs (GS) and JPMorgan Chase (JPM) within the last month announced plans to bring workers back to the office this summer, signaling that some major companies will return to in-person work before the Labor Day target that observers expected. The trend may be a rude awakening for white collar employees eager to continue remote […]
Stock Markets The stock indices registered mixed outcomes after increased trading volatility the past week. Ending marginally lower is the large-cap S&P 500 Index, while the tech-dominant Nasdaq Composite Index increased slightly. The mixed results indicate that there is a measure of strength and resiliency in the US economy, although concerns are increasing surrounding the […]
The trading pattern of the past two weeks – particularly alongside cryptocurrency’s movements – suggests stocks could continue to be volatile in the week ahead. Investors are watching the wild swings in bitcoin and trying to gauge whether technology shares can gain traction after a rally attempt in the past week. The Dow and S&P 500 were lower in […]
Cooper Turley first started investing in cryptocurrency four years ago. Bitcoin, currently the largest crypto by market value, was trading at over $2,000 at the time, according to CoinMarketCap. Ether, which is powered by the Ethereum blockchain and is the second largest crypto by market value, was trading at a few hundred dollars. Turley bought both. Now, Turley tells CNBC […]
Bitcoiners need not fear — for those who have already determined that the bitcoin standard is the monetary policy for them, recent dips in nominal fiat value can only be good. You see, as determined in my previous article, “If You Don’t Buy Bitcoin You Can’t Be Rich,” fiat wealth is only as reliable as […]
