Bitcoin traded within a record-setting $10,877 range Monday after plummeting from its all-time highs above $58,000 set over the weekend. This marks the leading cryptocurrency’s first five-figure daily price range. Bitcoin dropped from its Monday high of $57,577 on Coinbase to a low of $46,700 before rebounding to pare most of its losses toward the […]
Stock futures declined in early morning trading on Monday after the S&P 500 posted its first losing week in three. Futures on the Dow Jones Industrial Average dropped 160 points. S&P 500 futures and Nasdaq 100 futures also traded in negative territory. The move in futures came after the S&P 500 and the Nasdaq Composite […]
As Bitcoin breaks the $50,000 mark and the Dow hovers in the low 30,000s, a new report from the Bank of America and EPFR Global reveals that the latest market exuberance “may precede a correction,” Bloomberg reports. The BofA and EPFR Global data revealed that stocks had inflows of $58 billion between Feb. 3 and […]
AUD/USD refreshes 35-month top with 0.7899 figures, currently up 0.23% around 0.7885, during Monday’s Asian session. In doing so, the bulls keep the reins following the heaviest run-up in seven weeks posted last Friday. While looking for the catalysts, the overall upbeat sentiment joins headlines from the global rating agency Fitch and comments from Chinese […]
Oil prices rose on Monday as the slow return of U.S. crude output that was cut by frigid conditions raised concerns about supply just as demand is coming back from the depths of the coronavirus pandemic. Brent crude was up 76 cents, or 1.2%, at $61.67 a barrel by 0104 GMT, after gaining nearly 1% […]
Although the novel coronavirus has wreaked havoc on many sectors of the global economy, leaving double the people unemployed in the United States as compared to February of last year, a rising long-term unemployed rate, and leading to more than 8 million U.S. residents slipping under the poverty line since the summer, the stock market […]
Tesla CEO Elon Musk said Saturday that bitcoin prices “seem high” after the cryptocurrency surged to another record high this week. The price of bitcoin, the world’s most popular cryptocurrency, crossed a major milestone Friday after the market value reached more than $1 trillion, leaving some major backers surprised. Ethereum, the second-largest cryptocurrency, also hit […]
Another week and the biggest story in a sea of big stories continues to center on SPACs, these blank-check companies that raise capital through IPOs expressly to acquire a privately held company and take it public. But some industry watchers as starting to wonder: Is the party just getting started, with more early guests still […]
Wall Street is no different than Main Street when it comes to a fascination with trends, and generally what’s in vogue on a day to day basis. Morgan Stanley mobility analyst Adam Jonas is pretty adept at keeping his finger on the pulse of what’s hot with the investment community — and right now it’s […]
Stock Markets Over the week, stocks set new highs on the back of the Congressional hearings looking into the GameStop trading spree and the better-than-foreseen economic data. Indices dipped slightly week-on-week, however, when optimism was tempered by concerns about the inflationary trend and rising bond yields. The ongoing negotiations of the details of the fiscal-aid […]
Stocks came under pressure Friday afternoon, reversing early gains. The Dow Jones Industrial Average finished the day up less than 1 point at 31,494.32 after climbing more than 150 points earlier in the session. The S&P 500 finished down 0.19% at 3,906.71 while the Nasdaq Composite gained less than 0.1% to finish at 13,874.46. Though […]
The recent rise in bond yields and U.S. inflation expectations has some investors wary that a repeat of the 2013 “taper tantrum” could be on the horizon. The benchmark U.S. 10-year Treasury note climbed above 1.3% for the first time since February 2020 earlier this week, while the 30-year bond also hit its highest level […]
