Gary Vaynerchuk wears many hats. He’s an entrepreneur, CEO, angel investor, public speaker and social-media guru — not to mention the actual hat he wore during his interview with MarketWatch showing he’s a fan of the New York Jets. Vaynerchuk, 45, is the CEO of media and communications companyRead 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 →
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 →
© Reuters. Rupee Tumbles on Worries RBI’s Bond Plan May Add to Money Glut (Bloomberg) — The Indian rupee tumbled to the lowest in more than four months, with some analysts saying the central bank’s formal plan to buy bonds will add to a liquidity glut. The fell asRead More →
Another day of gains for Bitcoin (BTC) has seen the price of the largest cryptocurrency by market capitalization go beyond the $1.1 trillion mark — $1.105 trillion to be precise. This market capitalization growth now means that Bitcoin’s market size has surpassed Canada’s M1 money supply which stands atRead More →
The company may have included “outdated information” in U.S. trial results for its COVID-19 vaccine, providing an “incomplete view of the efficacy data,” a U.S. federal health agency said in a highly unusual statement released after midnight. AstraZeneca AZN, -2.48% AZN, -3.10% said Monday that interim data from aRead More →
U.S. stock indexes rebounded from early losses on Friday but traded mostly lower as investors reacted to a weaker-than-expected September jobs report and news that U.S. President Donald Trump and first lady Melania Trump had tested positive for the coronavirus. The president and his wife will need to beRead More →
Reuters. By Jonathan Stempel NEW YORK (Reuters) – U.S. prosecutors filed criminal charges on Thursday accusing four founders and executives of BitMEX, one of the world’s largest cryptocurrency derivatives exchanges, of evading rules designed to stop money laundering. The Justice Department charged Arthur Hayes, Samuel Reed and Benjamin Delo,Read More →
Don’t look for gold to hedge a falling dollar. That may be a surprise since gold GC00, +0.54% is often the first asset that investors think of when wanting to hedge against currency devaluation. Gold’s reputation has been strongly reinforced since mid-May, as the U.S. Dollar Index DXY, +0.04%Read More →
Controversial German payments processor Wirecard — the issuer of several crypto debit cards — has been implicated in a new report on alleged criminal activities by a Mastercard executive operating at the troubled FBME bank in Cyprus. In 2014, the United States’ Financial Crime Enforcement Network had banned U.S.Read More →
Stay safe, MarketWatchers, and don’t miss these top stories: Personal finance Almost 1 in 3 Americans feel less patriotic this July 4th Fewer people are celebrating the Fourth of July or spending money on the holiday this year, surveys find What financial advisers have been doing with their clients’ moneyRead More →
Bloomberg has forecast bitcoin to reach its record high of $20,000, and possibly $28,000, this year. According to the company’s June Crypto Outlook report, “something has to really go wrong for bitcoin not to appreciate in value.” Bloomberg points to quantitative easing and the coronavirus pandemic as the fuel behindRead More →
Experts predict that Bitcoin ATMs (BATMs) will face stricter regulations worldwide, with countries including Canada and Germany already moving to tighten up anti-money laundering requirements. A June 2 report from CipherTrace estimates that 74% of transactions made from U.S.-based Bitcoin ATMs were sent out of the country during 2019. TheRead More →
Don’t miss these top money and investing features: These money and investing stories, popular with MarketWatch readers this past week, offer ideas about how to manage your financial portfolio and invest strategically at a time when investors have become more optimistic — even as uncertainty about the coronavirus pandemic, corporateRead More →
U.S. stock futures fell Wednesday night, after a news conference by President Donald Trump failed to reassure investors and as a new case of coronavirus with no known origin was discovered in California. Dow Jones Industrial Average futures YM00, -1.31% sank more than 300 points, and S&P 500 ES00,Read More →
Asian markets declined in early trading Wednesday following another sharp selloff on Wall Street as the global spread of the coronavirus outbreak continued to rattle traders. Japan’s Nikkei NIK, -0.79% sank 0.7%, and Hong Kong’s Hang Seng Index HSI, -0.82% dipped 0.5%. The Shanghai Composite SHCOMP, -0.82% Read More →
Dear Moneyist, My parents, who are now deceased, had a living trust with a provision for creation of a new trust that would allow my brother and I to share the income from that trust during our lifetimes. When we both die, the principal from that trust is to beRead More →
Stocks on Wall Street plunged Monday, but futures trading suggests a rebound — or a least a respite — on Tuesday. Dow Jones Industrial Average futures YM00, +0.61% rose more than 200 points on Tuesday, while S&P 500 futures ES00, +0.70% gained 0.8% and Nasdaq Composite futures NQ00, +0.98%Read More →
U.S. stock market futures sank late Sunday as the spread of coronavirus raised worries that global economic growth could take a hit. Dow Jones Industrial Average futures YM00, -1.37% fell about 400 points late Sunday, suggesting a steep drop when U.S. trading starts Monday morning. S&P 500 futures ES00,Read More →
Here’s a market conundrum: A surging dollar doesn’t appear to be putting the brakes on an equity rally that’s pushed major U.S. indexes to all-time highs despite some periodic volatility tied to worries about China’s COVID-19 epidemic. A rapidly strengthening U.S. dollar can be a source of discomfort for stock-marketRead More →
Asian markets were mixed in early trading Thursday after China’s central bank cut its loan prime rate, as expected. The People’s Bank of China cut its benchmark one-year loan prime rate by 10 basis points, and the five-year loan prime rate by 5 basis points. That came days after centralRead More →
skynesher/iStock Young couple using digital tablet with their financial advisor in the office. How are financial advisors investing their clients’ money? The most recent edition of the Advisor Insights Guide from BlackRock’s Portfolio Solutions team sheds some light. The guide, which covers the third quarter of 2019, aggregates information fromRead More →
I have devoted my entire adult life to learning about money. That might sound like cruel-and-unusual punishment, but I’ve mostly enjoyed it. For more than three decades, I’ve spent my days perusing the business pages, reading finance books, scanning academic studies and talking to countless folks about their finances. Yet,Read More →
Dear Moneyist, When my father passed away, he left his house and all his money to my son. I was not included in the will. I took care of my father seven days a week when he came back from the hospital. I never received any payment from him exceptRead More →
Dear Moneyist, On May 30, 2018 my mother moved out all her belongings and informed my father that she was leaving him after 30 years of marriage, and that she would be seeking a divorce. No papers had been filed at that point. The next day my father went toRead More →
