US job growth slowed considerably last month, with just 175,000 positions added in April, according to Bureau of Labor Statistics data released Friday. The slower-than-expected gains — April’s tally is the lowest since October of last year — come as the Federal Reserve has sought to cool demand to tame high inflation. Economists have anticipated […]
The bull market that’s pushed stock prices higher for the past year and a half will probably end in tears, Bank of America’s Michael Hartnett warned. Equities are in a “late secular bull market” that likely “ends with [a] bubble and/or recession,” the bank’s chief investment strategist wrote in a Friday research note seen by […]
After a week of lower trends, Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE) jumped in trading on Friday morning. As of 3 p.m. ET, Bitcoin was up 4.1% versus yesterday’s stock market close, Ethereum had risen 2.6%, and Dogecoin was up 5.6%. And they all moved based on the same piece of information. Unemployment data and crypto Crypto values […]
Bitcoin and Ether options contracts worth a combined $2.4 billion are set to expire on May 3, which could lead to increased market volatility. A Bitcoin options contract is a derivative contract that allows investors to speculate on Bitcoin price movements without owning Bitcoin itself. There are two types: call and put options. Call options give […]
Oil prices fell about 3% to a seven-week low on Wednesday on a surprise build in U.S. crude stocks, the prospect of a Middle East ceasefire agreement and as hopes faded for near-term U.S. interest rate cuts that could boost oil demand. Brent <LCOc1> futures for July delivery fell $2.89, or 3.4%, from where the […]
The company is set to become a larger presence in the Northeast. A new deal that’s sure to ramp up Blink Charging‘s (BLNK 11.15%) presence alongside roads in the Northeast got investors excited about the stock Thursday. They greeted news of the arrangement by trading Blink’s shares up by more than 11% in price that day, a far more […]
Former BitMEX CEO Arthur Hayes believes Bitcoin has hit a local bottom and will slowly grind back up over the next few months. In a blog post on May 3, Hayes commented on the recent market slump, claiming that “The price action played out as I expected.” Bitcoin hit a local low of around $58,600 earlier this week but will rally […]
The cryptocurrency sector is getting a nice boost today from yesterday’s commentary from Federal Reserve Chairman Jerome Powell. The market received a jolt from Powell’s commentary in a press release; he suggested the direction of the next Fed move will most likely be lower. The market had previously priced in some chance of an interest […]
Bitcoin slid to its lowest level in over two months to kick off May, as the Federal Reserve held interest rates steady. The cryptocurrency at one point dropped 5% to $56,526.00, its lowest level since Feb. 27, according to CoinMetrics. It was last lower by about 4% at $56,954.13. Investors have been focused on the latest […]
Bitcoin price has sharply declined over the past few days, which might have triggered some concerns from those who thought it would surge after its fourth halving. The price of Bitcoin has dropped 11% since the halving, which occurred on April 20 at 12:09 am UTC. On the halving date, Bitcoin traded around $64,000. In the immediate aftermath […]
Shell exited the Chinese power generation and trading markets effective end-2023, as it scales back its power business globally to focus on more profitable operations, the UK-based supermajor told Reuters on Wednesday. Shell, however, is not abandoning its EV charging business in China, which it sees as a major growth market, a spokesperson for Shell […]
US stocks were a mixed bag on Wednesday as investors digested commentary from the Federal Reserve chair Jerome Powell after the central bank held interest rates steady at its latest policy meeting. The S&P 500 (^GSPC) and the Nasdaq Composite (^IXIC) fell more than 0.3%, while the Dow Jones Industrial Average (^DJI) rose 0.2%. All […]
