The rally in the broader U.S. stock market has taken a breather in recent weeks, mirroring a slowdown in the recovery of one of the sectors hardest hit by the pandemic — air travel. The S&P 500 closed at...
Bitcoin held steady over its most recent $16,000 support for a 10th consecutive day, even as contagion triggered by the collapse of FTX widened. Bitcoin (BTC) was recently trading at around $16,600 Friday, roughly unchanged over the past 24 hours. Ether (ETH) was recently changing hands at about $1,200 and was also...
Despite promises to keep in line with the OPEC+ pact, Iraq – OPEC’s second-largest producer and biggest laggard in implementing the cuts – slightly raised its crude oil exports in September compared to August. Iraq exported a total of...
The Hindenburg Omen is materializing in the stock market, raising hackles among some market participants who closely watch for patterns that may portend ill for a stock market that has been knocking on the door to fresh highs. Named after the German dirigible that notoriously exploded in 1937, the Hindenburg...
Warren Buffett’s Berkshire Hathaway is betting on companies like Apple, Goldman Sachs and American Express for the long run, the “Oracle of Omaha” said in his annual letter to shareholders released Saturday. The letter showed Berkshire’s investment in Apple was worth more than $40 billion in terms of...
The S&P 500 exited the longest bear market since 1948 at the beginning of June, but the sizable rally that led it there may not last for long, according to UBS. In an analyst note on Monday, UBS strategists led by CIO Americas Solita Marcelli and CIO Mark Haefele warned...
The stock market rose to record highs again on Friday as part of a much longer and historic expansion in the US economy. Consumer spending drove US GDP to rise by a better-than-expected 2.1% in the third quarter Analysts estimate...
Bitcoin has spent over a year in a downtrend since its $69,000 all-time highs in November 2021. BTC price performance has given investors up to 77% losses, but how much lower can BTC/USD really go? Bitcoin traders and analysts have long agreed that 2022 is the year of the largest cryptocurrency’s...
Crypto hardware wallet provider Trezor has warned customers of a new method being used by thieves to steal cryptocurrencies from hardware wallets. Trezor, known for its flagship hardware wallet Trezor One and the Trezor Model T, said unscrupulous individuals were distributing “one-to-one copy of Trezor One,” using it as a...
Gold dipped on Wednesday as the dollar ticked up after Republican President Donald Trump and Democratic rival Joe Biden sparred in the first U.S. presidential debate ahead of the November 3 election. Spot gold fell 0.5% to $1,889.66 per...
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