Bitcoin jumped Monday evening and topped $57,000 after Wall Street’s rebound from its worst week of the year. The price of the flagship cryptocurrency was last higher by 5.6% at $57,4449.00, according to Coin Metrics. Last week,...
Asia-Pacific markets fell on Monday, with Hong Kong’s Hang Seng Index leading losses in the region, following the weaker-than-expected U.S. jobs report on Friday. China’s inflation rate grew 0.6% year on year, lower than the 0.7% expected from economists polled by Reuters. On a month-on-month basis, the CPI rose 0.4%,...
Asian share markets slipped on Monday as worries about U.S. and Chinese growth weighed on sentiment, though U.S. and European stock futures did manage a bounce while bond yields came off their lows. Data on consumer prices (CPI) from China showed the Asian giant remained a driver of global disinflation,...
A subsidiary of the Tokyo Electric Power Co. (TEPCO) is reportedly venturing into Bitcoin mining as part of an endeavor to save wasted renewable energy. The Tokyo-based TEPCO subsidiary Agile Energy X is experimenting with harnessing waste solar energy to power Bitcoin mining rigs, with its president, Kenji Tateiwa, claiming...
This has been one of the greatest investments in the past decade. In the past 10 years, Bitcoin's (BTC 0.61%) price skyrocketed from $478 to $58,400 today, translating to a monster 122-fold gain. In fact, this leading cryptocurrency has outperformed every other asset class in eight of 11 full calendar years since 2013. That's...
You would think people have learned to stay the course with their retirement accounts when the stock market gets shaky. Unfortunately, not so. A new report finds that 401(k) participants keep on selling...
Billionaire Mark Cuban acknowledged that Vice President Kamala Harris' plan to tax unrealized capital gains would "kill the stock market," while insisting that she won't go through with it as dubious CNBC hosts pushed back in a contentious interview Thursday.
A new report from River—a Bitcoin technology and financial services firm—forecasted that some companies in the United States will increase their exposure to Bitcoin over the next 18 months. According to the report, an estimated 10% of...
A Bitcoin correction below the $50,000 psychological mark could occur as soon as this weekend, threatening to create more downward pressure in September, which is a historically bearish month. The Bitcoin price could see more downside pressure...
Summer is coming to a close, but the weather is not the only thing that remains hot. The stock market has been scorching hot as well. Both the S&P 500 and Dow Jones Industrial Average blazed to all-time record highs last month. In fact, both of these indexes have...
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