A broad stock rally pushed the Dow Jones Industrial Average, S&P 500 and small-cap focused Russell 2000 index to new records on Monday. Investors bet President-elect Donald Trump’s choice for Treasury secretary, Scott Bessent, would help guide the economy without sparking inflation.
The blue-chip Dow rose 440.06 points, or 0.99%, to 44,736.57. The broad S&P...
Bitcoin rebounded 6.25% from its local low of $90,742 to above $96,000 on Nov. 29 as onchain data suggested whales “took advantage” of discounted prices this week.
BTC/USD daily chart. Source: Cointelegraph/TradingView
Bitcoin whales snap up $1.5B more on BTC price dip
Data from Cointelegraph Markets Pro and TradingView showed a Bitcoin BTC$96,432 price recovery taking shape after...
Asia-Pacific markets mostly lost ground on Friday, led by losses in South Korean stocks after its industrial production declined for a second straight month in October.
The country’s industrial production growth fell 0.3% last month compared to September when growth had also fallen by 0.3% month on month.
Industrial production saw a 2.3%...
Cardano founder Charles Hoskinson said decentralized finance in the Bitcoin ecosystem will eclipse all other crypto DeFi within two to three years.
He touted the potential for Bitcoin DeFi while making a bold price prediction and highlighting a new model for bridging Bitcoin BTC$96,447 without using centralized exchanges.
“I started in the Bitcoin...
Cardano ADA/USD founder Charles Hoskinson, a co-founder of Ethereum ETH/USD, predicted Bitcoin BTC/USD could surge to between $250,000 and $500,000 within the next 12 to 24 months, citing growing institutional investment and emerging decentralized finance opportunities.
What...
Bitcoin (BTC-USD) is back. And just in time for the holidays.
President-elect Donald Trump's win has kicked off a new era of crypto enthusiasm, as he has pledged to "ensure that the United States will be the...
NEW YORK/LONDON, Nov 25 (Reuters) - MSCI's global equities gauge rose and U.S. government bonds rallied while the dollar fell on Monday as investors welcomed the incoming U.S. president's selection of fund manager Scott Bessent as the next U.S. Treasury secretary.
US stocks dipped Wednesday as investors digested fresh data that showed inflation made little progress toward the Fed's 2% target in October.
After clinching record highs on Tuesday, the S&P 500 (^GSPC) fell about 0.4%, while the...
The S&P 500 (^GSPC 0.57%) has rocketed 25% in 2024, putting the broad-based index on pace for one of its strongest annual performances of the 21st century. Factors contributing to that upside include enthusiasm about artificial intelligence, strong corporate earnings, and encouraging economic data.
The Federal Reserve's recent pivot to...
On the lookout for emerging markets investing opportunities? Most emerging markets indexes, of course, contain significant exposure to the biggest “emerging” market, China. While that has historically presented some solid opportunities for U.S. investors, potentially rising tensions threatens further investment. At the same time, while a significant economy with...
