Bitcoin (BTC) briefly broke above $24,000 on July 20, but the excitement lasted less than two hours after the resistance level proved more challenging than expected. A positive is that the $24,280 high represents a 28.5% increase from the July 13 swing low at $18,900.
According to Yahoo Finance, on...
The largest bitcoin miner by hashrate, Core Scientific (CORZ), has signed an agreement with investment bank B Riley to issue up to $100 million of shares to the bank over two years to enhance liquidity.
Core Scientific has the right but no obligation to issue these new shares, subject to...
The European Central Bank on Thursday increased interest rates for the first time in 11 years in an attempt to cool rampant inflation in the euro zone.
The ECB, the central bank of the 19 nations that share the euro currency, surprised markets by pushing its benchmark rate up by 50 basis points,...
Initial jobless claims hit their highest level since mid-November last week, the latest sign that a historically tight labor market is beginning to slow, according to Labor Department data released Thursday.
Claims totaled 251,000 for the week ended July 16, up 7,000 from the week before and above the 240,000...
Oil prices slipped on Wednesday, after U.S. government data showed lower gasoline demand during the peak summer driving season and as interest rate hikes by central banks to fight inflation fed fears the economy could slow, cutting energy demand.
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Stocks rose on Wednesday, fueled by a rally in tech stocks, as all major averages reached their highest point since early June.
The Nasdaq Composite jumped 1.58% to 11,897.65, and the S&P 500 advanced 0.59% to 3,959.90....
The top chip designer is making a comeback along with other growth stocks.
What happened
Shares of top semiconductor company Nvidia (NVDA 4.80%) were rallying 3.4% today as of 2 p.m. ET. There was no specific financial...
Here are the most important news items that investors need to start their trading day:
1. Stocks slip up
Equities futures fell Wednesday morning after a strong close Tuesday for the major U.S. indexes....
With increased fears of a possible recession, investors seeking steady income may turn to stocks paying quarterly dividends, which are part of company profits sent back to investors.
Historically, dividends have significantly contributed to an asset’s total return, sometimes providing a boost during economic downturns.
From 1973 to 2021, companies paying...
Recession calls are growing by the day, but the stock market remains wary of fully pricing in this scenario for the economy.
Despite enduring the worst start to a year since 1970, the benchmark S&P 500 (^GSPC) is still trading 13% above a widely-cited recessionary target of 3,400, which would mark a...
