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 →
Nvidia Corp.’s stock traded at record highs Tuesday as analysts hiked price targets and applauded the chip maker’s plans to branch out into its rivals’ territory. Nvidia NVDA, +1.45% shares hit a new intraday record high of $625.40 Tuesday, squashing the previous record of $614.90 set in February andRead More →
© Reuters. FILE PHOTO: Representations of virtual currency Bitcoin and U.S. dollar banknotes are seen in this picture illustration (Reuters) – , the world’s biggest cryptocurrency, on Saturday crossed a record high of $60,000. Bitcoin has risen sharply this year, broadly outperforming conventional asset classes, partly due to broaderRead More →
S&P 500 Futures stays mildly, up for the fourth day in a row. US-China tussle, mixed clues on virus and vaccine probe earlier risk-on mood. US stimulus, Brexit headlines confuse markets amid a light calendar. US NFP awaited, risk news to keep the driver’s seat. S&P 500 Futures gainsRead More →
U.S. stocks ended higher Friday, with support attributed in part to optimism over a coronavirus treatment as investors attempt to gauge the threat to the economic outlook from a rise in COVID-19 cases. How did benchmarks perform? The Dow Jones Industrial Average DJIA, +1.43% rose 369.21 points, or 1.4%,Read More →
The number of U.S. cases of COVID-19 approached 3 million Wednesday, and Florida’s intensive care units are filling up, as the United States counted a record number of new cases of the deadly disease in a single day, a sign that the virus is far from being contained. DataRead More →
2/2 © Reuters. An Under Armour sign is seen outside a store in Chicago 2/2 (Reuters) – Athletic apparel maker Under Armour (N:) said on Saturday it will discontinue its partnership with UCLA – a 15-year, $280 million accord announced in 2016 that was billed as the largest apparel dealRead More →
Don’t bet on a “wall of cash” to come streaming into the stock market. Equity analysts have touted the $4.7 trillion held in U.S. money-market funds as a proxy for the excess cash held by investors that might make its way into stocks. Some money managers say they have keptRead More →
The Bitcoin (BTC) mining difficulty has seen its biggest upward move for over two years after warnings over BTC price selling pressure. According to data from on-chain monitoring resource BTC.com on June 17, the latest difficulty adjustment saw difficulty increase by 14.95% — the most since January 2018. Bitcoin difficultyRead More →
© Reuters. Nothing Is Spared in Selloff as Stock Downtick Index Hits Record (Bloomberg) — At the depths of Thursday’s stock rout, a second-by-second measure of investor selling registered its most extreme reading ever. The number of stocks falling on the New York Stock Exchange exceeded those rising by 2,058Read More →
Cryptocurrency derivatives trading volumes climbed 32% in May to a new record high of $602 billion, according to data analytics company Cryptocompare. Total spot volumes grew at a slower pace, rising 5% to $1.27 trillion in May, the London-based firm said in a new report published June 4, 2020. TheRead More →
Oil futures fell Friday, with traders citing uncertainty about demand for fuel and rising U.S.-China tensions over Hong Kong, but the U.S. crude benchmark remained on track for its biggest monthly rise on record. “Demand is rising, and production is falling, but China might be the fly in the oilRead More →
Unemployment hasn’t been this low for 50 years, but a record one-quarter of student loans from a popular federal program qualified for easier repayment plans to help borrowers avoid default, according to DBRS Morningstar. Income-based repayment plans were being used on 24.7% of $452 billion worth of student loans withRead More →
By Jonathan Stempel and David Randall NEW YORK (Reuters) – Warren Buffett on Saturday forcefully defended Berkshire Hathaway Inc’s (N:) decision to invest heavily in stocks of companies such as Apple Inc (O:) as he labors through a four-year drought since his last major acquisition of a company. Buffett, 89,Read More →
© Reuters. Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha By Jonathan Stempel and David Randall NEW YORK (Reuters) – Warren Buffett on Saturday forcefully defended Berkshire Hathaway (NYSE:) Inc’sRead More →
Automobile-loan delinquencies are at a record high, but experts say this may not impact your ability to get a loan for your car purchase. In the fourth quarter of 2019, the outstanding balance on automobile loans and leases hit a record high of $1.33 trillion, according to data from theRead More →
© Reuters. By Yasin Ebrahim Investing.com – The Nasdaq closed at record highs Tuesday, led by a surge in shares of Tesla (NASDAQ:) as the electric automaker continued its drive higher following its upbeat results last week showing record deliveries. The S&P 500 rose 1.5% to close at a recordRead More →
© Reuters. By Yasin Ebrahim Investing.com – The S&P eased from highs Wednesday, as coronavirus fears kept a lid on gains, but investor sentiment was supported by a surge in Apple (NASDAQ:) to record highs on bullish quarterly earnings. The rose 0.27%, while the gained 0.27% and the added 0.38%.Read More →
© Reuters. Hong Kong Exchange Fund’s 2019 investment income rises to second-highest on record By Twinnie Siu HONG KONG (Reuters) – Hong Kong’s Exchange Fund, which is used to back the Hong Kong dollar, posted investment income of HK$247.2 billion ($31.8 billion) in 2019, the second highest on record, theRead More →
German stocks had a slippery hold on record territory Wednesday, as equities across Europe struggled to make gains amid lingering concerns over the spread of China’s coronavirus. The German DAX 30 index DAX, -0.01% pushed into record territory earlier in the day, rising to a high of 13,640.06, before turningRead More →
U.S. stocks traded mostly lower Tuesday, as investors returned from a holiday and found few reasons to take equities higher following a brisk, record-setting run-up for the major benchmarks in recent weeks. U.S. markets were closed Monday in observance of Martin King Luther Jr. Day. How are benchmarks faring? TheRead More →
Americans’ credit scores continue to improve. But credit scores don’t tell the whole story of how consumers are faring financially. A new report from Experian EXPN, +1.15% found that the average FICO Score in the U.S. reached an all-time high in 2019 of 703, up from 701 a year earlierRead More →
© Reuters. The German share price index DAX graph is pictured at the stock exchange in Frankfurt By Ambar Warrick (Reuters) – European shares touched a record high on Friday after EU Trade Commissioner Phil Hogan struck a positive tone on talks with Washington, soothing some concerns over a possibleRead More →
Getty Images U.S. President Donald Trump shakes hands with Chinese Vice Premier Liu He. European stocks on Thursday were on track to reach a record high, helped by relief that the U.S. and China signed a trade pact. The Stoxx Europe 600 SXXP, +0.00% added 0.16% to 420.32, above theRead More →
© Reuters. Investors look at screens showing stock information at a brokerage house in Shanghai By Hideyuki Sano TOKYO (Reuters) – World stocks inched ahead to a record high on Thursday after the United States and China signed an initial deal to defuse their 18-month trade war, though financial marketsRead More →
