Wall Street’s favorite FAANG is mired in its worst monthly stock performance in two years and analysts are counting on earnings to pull it out of the tailspin. Google owner Alphabet Inc. is down about 13% in...
Fidelity Investments announced Tuesday that it will offer bitcoin as an investment option in its 401(k) plans by the middle of this year. It's a big move given that Fidelity is the largest 401(k) plan provider in...
Bitcoin (BTC) is again on the losing end as the ever-increasing list of macro uncertainties weighs over traditional risk assets. At press time, the number one cryptocurrency traded near $38,450, the lowest since March 15 and down nearly 3.5% in 24-hours, according to CoinDesk data. The global equity markets are a...
LONDON — European stocks were sharply lower on Monday as the sell-off in global markets continues into the new trading week. The pan-European Stoxx 600 index was down 2% by mid-morning with nearly all sectors in negative territory apart from utilities. Basic resources stocks — with their heavy exposure to...
SINGAPORE — Mainland Chinese indexes led losses as Asia-Pacific markets fell sharply on Monday following a sell-off on Wall Street on Friday. The Shenzhen component tumbled 6.08% to 10,379.28 while the Shanghai composite declined 5.13% to 2,928.51. "It's no surprise and it makes all sorts of logical sense that the market...
U.S. stock futures fell on Monday, pointing to a continuation of an April market sell-off that has pushed the Dow Jones Industrial Average lower for four-straight weeks. Fear about a Covid breakout in China was the latest catalyst with Asian stock markets cratering on fears about a slowdown in the...
A rough April for Wall Street has seen the S&P 500 slide for three straight weeks, and now investors will grapple with a loaded slate of earnings reports and key inflation data. Rising interest rates and persistently...
RETAIL HOLDS 14% OF SUPPLY One of the most common Bitcoin fear, uncertainty and doubt (FUD) critiques is that the majority of supply is heavily concentrated in the hands of the few. Like every financial system...
Bitcoin (BTC) consolidated under $40,000 on April 23 as market expectations favored further losses. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView "Extreme fear" accompanies Bitcoin's descent to $39,200 Data from Cointelegraph Markets Pro and TradingView followed a bearish BTC/USD after the...
Oil slipped on Friday, posting a weekly loss of nearly 5%, on the prospect of weaker global growth, higher interest rates and COVID-19 lockdowns in China hurting demand even as the European Union considers a ban on Russian oil that would...
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