© Reuters. FILE PHOTO: The logo of Dow Jones Industrial Average stock market index listed company JPMorgan Chase (JPM) is seen in Los Angeles, California, United States, in this October 12, 2010 file photo. JPMorgan Chase & Co. owns Chase Commerical Bank and JPMorgan HONG KONG (Reuters) – JPMorganRead More →
© Reuters. FILE PHOTO: A picture illustration shows U.S. 100-dollar bank notes taken in Tokyo August 2, 2011. REUTERS/Yuriko Nakao/File Photo By Tom Westbrook SINGAPORE (Reuters) – The U.S. dollar wobbled above major support levels on Thursday, as traders awaited a batch of U.S. economic data that could setRead More →
In the realm of digital assets, Crypto Twitter is a major seat of power. Memecoins and serious large-cap assets alike can see their value rise or fall depending on whether the whimsical Twitter crowd decides to pay attention. Huge rallies and dramatic declines often trigger waves of fear, uncertaintyRead More →
As the Atlantic hurricane season begins June 1 and runs through November, at least one major forecasting body predicts an above-normal season. Still, 2021 is not expected to match the historic wrath of 2020 storms. Forecasters at the National Oceanic and Atmospheric Administration’s (NOAA) Climate Prediction Center see aRead More →
© Reuters. A woman speaks on the phone outside a money exchange office in Ciudad Juarez, Mexico, July 1, 2017. Picture taken July 1, 2017. REUTERS/Jose Luis Gonzalez/Files MEXICO CITY (Reuters) – Remittances to Mexico jumped almost 40% in April, posting the sharpest increase in nearly two decades afterRead More →
Elon Musk and COVID-19 have something in common: They have both panicked investors — at least once — into dumping their Bitcoin (BTC) holdings. The similarities notched up higher in the previous six days as Musk doubled down on his chaos-inducing perspective toward Bitcoin. The billionaire entrepreneur engaged inRead More →
Reports are emerging that India’s government may be reconsidering its stance on cryptocurrencies with the formation of a new regulatory panel. A May 19 report in the Economic Times, cited three sources privy to discussion on the formation of a fresh panel of experts with a view to regulatingRead More →
The uneven state of the pandemic across the world was on full display Wednesday, with India setting a global record for one-day fatalities, while the U.S. reported continued declines in cases and deaths and the European Union said it would open its borders to vaccinated travelers after months ofRead More →
Bitcoin (BTC) is nearing $40,000 this week as “Dogefather” Elon Musk deals out pure pain to hodlers — what’s next? After a traumatic weekend for many crypto investors, Monday is setting the stage for the next chapter in the wild 2021 bull market. Cointlegraph takes a look at fiveRead More →
An exchange-traded fund driven by artificial intelligence has just loaded up on shares in Tesla — and it has a history of correctly predicting the stock’s price swings. The electric-vehicle company now makes up 6% of its portfolio, and is the fund’s third-largest holding after online retailer Amazon AMZN,Read More →
© Reuters. FILE PHOTO: View of the border crossing between the Republic of Ireland and Northern Ireland in Newry, Northern Ireland, Britain, October 1, 2019. REUTERS/Lorraine O’Sullivan LONDON (Reuters) -Britain wants to see progress soon in talks with the European Union on solving the post-Brexit Northern Irish border riddle,Read More →
Despite the recent NFT frenzy starting to cool, prized nonfungible tokens with historical significance are still fetching multi-million dollar prices. On May 12, famed New York-based auction house, Christie’s, tweeted that an auction for nine tokens from pioneering NFT CryptoPunks had cleared for nearly $17 million combined. Despite theRead More →
EUR/USD Rate Talking Points EUR/USD pulls back from a fresh monthly high (1.2182) even as the European Central Bank (ECB) slows the pace of the pandemic emergency purchase programme (PEPP), and the exchange rate may consolidate over the remainder of the week as itsnaps the series of higher highsRead More →
The global tally of confirmed cases of the coronavirus-borne illness COVID-19 edged closer to 160 million on Wednesday, as an independent panel said the crisis was preventable if world leaders had better coordinated their response and moved faster to limit illness and deaths. The Independent Panel for Pandemic Preparedness andRead More →
Litecoin (LTC) has broken the $400 mark, reaching a new all-time high price of $414 on Bitstamp on Monday. The problem with buying Litecoin is that it has become too expensive in a very little period. The world’s 10th-largest cryptocurrency by market capitalization is worth 215% more than itRead More →
The Dow Jones Industrial Average hit a milestone at 35,000, marking the latest in a string of all-time highs Monday as the broader market saw a mixed performance, with the tech-heavy Nasdaq Composite down sharply as high-profile Big Tech shares tumbled. What are major indexes doing? The Dow DJIARead More →
GBP/USD touched its highest level since late February at 1.4158. US Dollar Index stays in the negative territory on Monday. Focus shifts to first-quarter GDP report from the UK on Wednesday. The GBP/USD pair registered strong gains in the second half of the previous week and preserved its bullishRead More →
© Reuters. FILE PHOTO: A man walks past a stock quotation board at a brokerage in Tokyo, Japan February 26, 2021. REUTERS/Kim Kyung-Hoon By Wayne Cole SYDNEY (Reuters) – Asian shares were trying to avoid a fourth straight session of falls on Wednesday as U.S. stock futures steadied inRead More →
Bitcoin (BTC) staged a characteristic comeback on May 5 as a day of losses turned around in a flash. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview BTC price nears $58,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD passing $57,000 again during Wednesday trading, with daily gains knocking onRead More →
Wealthy investor Mike Novogratz says that the run-up in dogecoin is a reflection of the disenchantment of younger investors in the current state of financial markets and the economy and cautioned that trying to bet on the parody coin at these current levels is dangerous. “It is dangerous beingRead More →
© Reuters. FILE PHOTO: Construction continues on the Foxconn manufacturing complex in Mt. Pleasant 2/2 By David Shepardson and Karen Pierog WASHINGTON (Reuters) -Taiwan electronics manufacturer Foxconn is drastically scaling back a planned $10 billion factory in Wisconsin, confirming its retreat from a project that former U.S. President DonaldRead More →
© Reuters. FILE PHOTO: U.S. one dollar banknotes are seen in front of displayed stock graph By Kevin Buckland TOKYO (Reuters) – The dollar languished on Wednesday, hovering just above a seven-week low with subdued U.S. bond yields reducing the currency’s yield appeal. The safe-haven greenback got some respiteRead More →
Bitcoin prices were sinking into correction territory Sunday morning, marking the sharpest slide for the digital asset since February, coming on the heels of what has been a remarkable stretch for the crypto industry. At last check, bitcoin prices BTCUSD, -14.69% late-morning Sunday were at $55,773.11 down nearly 14%Read More →
Housing data released on Friday in the US showed better-than-expected numbers, with an increase in housing starts by 19.4%. Analysts at Wells Fargo point out home building had gotten off to a strong start in 2020 before the lockdown caused activity to plummet in April. They see that theRead More →
The funding rate of Bitcoin (BTC) has dropped to levels not seen since September 2020 as the price of Bitcoin plummeted below $52,000 on April 18. Quant trader and analyst Lex Moskovski says it shows fear has returned to the market. According to the data from Glassnode, the average BitcoinRead More →
