Bitcoin (BTC) extended its price drop on Wednesday amid warnings that excessive long positions needed to be flushed out to allow for fresh gains. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview BTC price barely clings to $56,000 support Cointelegraph Markets Pro and TradingView showed BTC/USD hitting new local lows ofRead More →
© Reuters. FILE PHOTO: The welcome screen for the Robinhood App is displayed on a screen By Imani Moise and Medha Singh (Reuters) – James Villalobos, a communications consultant for an insurance company in New York, downloaded the Robinhood online brokerage app back in September. He was hesitant aboutRead More →
© Reuters. By Peter Nurse Investing.com – The dollar edged higher in early European trade Wednesday in thin volumes, as traders continued to digest the implications of Pfizer’s potential Covid-19 vaccine. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of sixRead More →
Nasdaq:SAVA fell nearly 10% on Tuesday after rising nearly 90% earlier this week. Analysts raised their ratings after SAVA announced positive news about its Alzheimer’s clinical trial. NASDAQ:SAVA retreated Tuesday after nearly doubling in price on Monday, after Wall Street analysts were bullish on the biotech’s Phase 2B clinicalRead More →
After a single day of trading, Compound’s COMP token has emerged as the largest decentralized finance (DeFi) token by market capitalization. COMP overtook MakerDAO’s MKR token by market cap as it rallied by more than 60% over just a few hours. The token’s price has since pulled back around 20%Read More →
2/2 © Reuters. The Lyft logo is seen on a parked Lyft Scooter in Washington 2/2 By Jonathan Stempel NEW YORK (Reuters) – Lyft Inc (NASDAQ:) was sued on Friday by a former driver who accused the ride-sharing company of failing to provide required paid sick leave to drivers inRead More →
Warren Buffett once said, “The stock market is a device for transferring money from the impatient to the patient”. This applies to both – traders and investors alike. However, if you are an absolute beginner, there is always some room for improvement. We have listed below the 10 best dayRead More →
WASHINGTON (Reuters) – United Airlines Holdings Inc (O:) said on Friday it was sharply cutting flights to Japan and South Korea, as travelers worried about the coronavirus outbreak slash ticket purchases for those destinations. It also canceled its investor day that had been due to be held on March 5.Read More →
Stock markets fell for third consecutive day Wednesday, following alarming news over the weekend that the coronavirus had spread much further than originally thought. Meanwhile, Treasury bonds TMUBMUSD10Y, -1.54%, Swiss francs FXF, -0.02%, and gold GLD, +0.44% — assets that generally attract investor interest in times of turmoil — rose.Read More →
Dear Moneyist, My spouse hides his money and all of his investments are hidden. I have lived in Boston since 2006. I moved from New York and gave up my job of 16 years because we got married and I relocated, leaving my two adult children, who were 21 andRead More →
Intel Corp. crushed revenue expectations for the fourth quarter by about $1 billion and sent its stock to a new post-dot-com-boom high, but the company didn’t get a ton of credit from analysts. Intel INTC, +8.13% remains a controversial name on Wall Street as the chip giant deals with productionRead More →
Stocks in Asia were able to hold their own in early Friday trading following a big down day Thursday that was triggered by jitters over the spread of a coronavirus strain that has killed at least 17 people. With markets in China closed ahead of the Lunar New Year startingRead More →
Dear Moneyist, I have a money problem that is somewhat different from what I read in your column. It is a problem that many would not view as a problem, but it’s eating me alive. I am 22 years old. I graduated from college last May and, nearly immediately, startedRead More →
© Reuters. Key Davos Debates, Central Banks Start 2020, Oil Unrest: Eco Day (Bloomberg) — Welcome to Monday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help you start the week: Amid the Alpine peaks of the Swiss resort of Davos, politicians, investors and executives will beRead More →
U.S. stock and bond markets will be closed Monday in observance of the Martin Luther King Jr. holiday, coming as Wall Street absorbs a record-setting run-up for equities. The Securities Industry and Financial Markets Association, or Sifma, recommends that bond markets are closed, including the dollar-denominated 10-year Treasury note TMUBMUSD10Y,Read More →
© Reuters. FX Manipulator No More, Spiraling Debt, Hong Kong Hope: Eco Day (Bloomberg) — Welcome to Tuesday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help get your day started: President Donald Trump’s administration plans to lift its designation of China as a currency manipulator, removingRead More →
After a brutal year for cannabis investors, weed stocks on Tuesday rebounded in the final trading session of 2019. Exchange-traded funds that track cannabis companies jumped more than 5% in Tuesday trading. The Horizons Marjiuana Life Sciences Index ETF HMMJ, +7.10% gained 7.1%, the ETFMG Alternative Harvest ETF MJ, +5.61%Read More →
Asia-Pacific markets fell in light trading on Tuesday, with some major indexes closed for the New Year’s holiday and others closing early. The Shanghai Composite SHCOMP, -0.16% slipped 0.1% while the Shenzhen Composite 399106, +0.11% rose 0.2% after data showed China’s factory activity continued to expand for a secondRead More →
Getty Images Amazon, which is known for convenient delivery, is now making returns more convenient United Parcel Service Inc. said Thursday that it forecasts a record National Returns Day, with 1.9 million returns expected, up 26% from last year. National Returns Day is on Jan. 2, 2020. This will beRead More →
© Reuters. Shoppers on Oxford Street during Boxing Day sales in central London LONDON (Reuters) – UK shoppers sheltered at home on Thursday, with the numbers hitting post-Christmas sales set to drop significantly for a fourth year in a row, initial data showed. Footfall up to 12 p.m. on Dec.Read More →
The Organization of the Petroleum Exporting Countries and their allies are expected to announce an agreement to reduce crude oil output further this week, even as the group, collectively known as OPEC+, struggles to see full compliance from all of its members. A committee of oil producers led by SaudiRead More →
Cannabis stocks fell for a third straight day Monday, weighed down by the industry’s continued weak fundamentals with companies still posting losses as they struggle to generate revenue. The market is digesting the final third-quarter numbers from Canadian and U.S. players and sentiment is being hurt by weaker-than-expected results, accordingRead More →
By Michelle Conlin (Reuters) – A major fire at a Texas petrochemical plant continued to burn for a second day on Thursday, with the 60,000 people forced to evacuate still uncertain as to whether they could return home in time to celebrate the Thanksgiving holiday. The fiery blast inside aRead More →
Cannabis stocks were a sea of red again on Monday, with Aurora Cannabis tumbling another 9% following disappointing earnings and MedMen down 17% on news of job cuts and asset sales. The ETFMG Alternative Harvest ETF MJ, -3.48% was last down 2.3% with 23 of its 36 member stocks tradingRead More →
Associated Press President Donald Trump speaks during a campaign rally at the CenturyLink Center, Thursday, in Bossier City, La. President Donald Trump on Friday attacked the former U.S. ambassador to Ukraine as she was testifying in Democrats’ impeachment probe, and was preparing for a ceremony on a health-care action. ‘EVERYWHERE…TURNEDRead More →
