On five of six days this year following U.S. central bank interest rate decisions, bitcoin’s price has reversed course from its previous direction. BTC’s price has fallen on three occasions after rising sharply on the day of Fed rate hikes, and it has risen on two other days after falling...
Shares of MicroStrategy tumbled 17.8% Friday afternoon after the U.S. Securities and Exchange Commission reportedly rejected the company’s bitcoin accounting strategy. The business-intelligence software company’s stock had been falling in tandem with the price of bitcoin, which dropped more...
Major benchmarks drifted lower Monday as uncertainty over a trade deal continued to weigh on the market. The Dow Jones Industrial Average (DJINDICES:^DJI) and the S&P 500 (SNPINDEX:^GSPC) closed near session lows. Today’s stock market IndexPercentage ChangePoint ChangeDow(0.38%)(105.46)S&P 500(0.32%)(9.95) As...
US stocks tumbled on Tuesday, falling from recent highs as investors digested a hotter-than-expected January inflation report that showed prices cooling slower than forecasts anticipated. All three major indices closed down more than 1% on the heels...
Wall Street has a lot to worry about — recession and war in Europe, interest rate hikes, sticky inflation, and a softening US economy. But there’s at least one sector of market euphoria keeping investors optimistic: artificial...
With the next round of $1,400 stimulus checks days away from being delivered, retail investors may funnel a good chunk of that newfound money into U.S. stocks. A recent Deutsche Bank survey found that 37% of Main Street investors,...
The stock market will crash again. When exactly it will happen is beyond my powers of prognostication, but the fact that it will happen at some point is about as close to a certainty as you can get in investing. If you're...
US stocks rose higher on Friday, ending a tumultuous first quarter on a positive note as a key price gauge showed continued signs that inflation is cooling off. The Personal Consumption Expenditures Index — the Fed's preferred...
Elon Musk urged lawmakers considering the Senate infrastructure bill’s crypto tax provision not “to pick technology winners or losers in cryptocurrency technology” in a tweet responding to Coinbase CEO Brian Armstrong on Friday. “There is no crisis that compels hasty legislation,”...
Bitcoin (BTC) saw a brief boost on April 12 after the United States saw its highest Consumer Price Index (CPI) data since 1981. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: Inflation echoes...
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