Stock futures slid on Thursday morning as Wall Street absorbed a fresh batch of earnings reports from megacap technology names. S&P 500 futures lost 0.48%, and Nasdaq 100 futures fell about 0.7%. Futures tied to the Dow Jones Industrial Average declined 76...
Americans are emerging from a yearslong funk about the economy, with the presidential election just a week away. The Conference Board’s latest consumer survey showed that Americans this month became more optimistic about the future of both...
MicroStrategy Inc. has hired banks to help it raise $42 billion through the sale of new shares and fixed income to buy more Bitcoin after a flurry of deals over the past year. The enterprise software maker,...
As the crypto market maintains its bullish strength, many key metrics of Bitcoin have been demonstrating strong and optimistic trends in recent weeks, which could impact prices positively, suggesting a promising outlook for BTC in the upcoming days. A...
Google parent Alphabet's (GOOG, GOOGL) stock surged 6% in after-hours trading Tuesday as the company reported fiscal third quarter earnings that beat analysts' estimates on the top and bottom lines, helped by strong growth in its cloud business. The search giant reported earnings per share of $2.12 on revenue of...
Bitcoin (BTC) surged to within a few dollars of a fresh all-time high price during U.S. trading hours Tuesday, rising to as much as $73,500 before pulling back a bit. The record high of $73,798 was touched on March 14 of this year. At press time, the world's largest crypto was trading...
Reddit just turned a profit for the first time. As part of its third-quarter earnings results released on Tuesday, the company reported a profit of $29.9 million, along with $348.4 million in revenue — a 68 percent increase year over year. The company hasn’t been profitable at any point in...
Florida chief financial officer Jimmy Patronis wants the agency that manages the state’s retirement funds to consider investing in Bitcoin — joining a growing number of American states adding crypto to their portfolios. “Bitcoin is often called ‘digital gold,’ and it could help diversify the state’s portfolio and provide a...
The widely-tracked copper-to-gold ratio continues to slide in the wake of China's stimulus announcements, offering negative cues to risk assets. BTC's best years have been characterized by copper's outperformance relative to gold. From the increasing probability of pro-crypto Republican candidate Donald Trump winning the upcoming U.S. presidential election to expectations for...
Bitcoin’s BTC$69,940 price opened the week with a show of strength by attacking the $69,000 level, but should traders expect a push to new all-time highs before the end of today’s trading session? The $69,000–$70,000 zone continues to be a resistance cluster, a fact illustrated by the sell walls (red line above...
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