Bitcoin (BTC) begins a new week in uncertain times after regaining $9,000, but where is BTC/USD headed in the coming days? Cointelegraph Markets highlights five factors driving Bitcoin price action for the week ahead. Stocks optimism returns with $9K Following a major slide on Friday, stocks futures were gaining earlyRead More →
As the weekly open commenced Bitcoin price dropped below $9,000 in a rapid pullback, liquidating $30 million in longs on BitMEX alone. According to market data, part of the sell off was the movement of crypto whales closing positions which led to panic selling among retail investors. Whales—individual investors thatRead More →
Last week, Bitcoin (BTC) miners sold 11% more coins than they generated over the same period, June 1 data from on-chain analysis portal ByteTree suggests. According to the portal’s metric that tracks Bitcoin wallet addresses associated with miners, around 5,800 BTC was generated over the past seven days, compared withRead 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 (Reuters) – Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc (N:), on Monday called the coronavirusRead More →
© Reuters. China moves to limit short selling as virus looms over market reopening By Zhang Yan and Ryan Woo (Reuters) – China has taken steps to limit short-selling activities as the country’s financial markets prepare to reopen on Monday amid an outbreak of a new coronavirus, three sources withRead More →
What happens in the stock market when price acceleration goes vertical and investor complacency reaches extreme levels? Typically, bad things, according to Lance Roberts, chief investment strategist at RIA Advisors. And we’re there now. “This is nuts,” his team said Friday when trying to wrap their brains around what’s next.Read More →
Planning to sell a home in Raleigh, N.C.? There’s a decent chance that an “iBuyer” will purchase it. Raleigh had the largest share of homes bought by companies that use technology to make instant offers on homes. Nearly 7% of homes sold in Raleigh in the third quarter of 2019Read More →
While you’re shopping for deals on holiday gifts, remember this is a great time to find stock market bargains. Investors have big gains this year, with the S&P 500 Index SPX, +0.06% up nearly 30% including dividends. Some are now looking to sell losers to ring up losses to offsetRead More →
VIENNA (Reuters) – A Swatch (S:) unit that supplies parts to much of the watch market faces a possible sales ban next year by Switzerland’s Competition Commission (Weka), newspaper Schweiz am Wochenende reported on Saturday. A decision on the matter is due next week, the paper said, without specifying aRead More →
PepsiCo Inc. has priced its first-ever green bond, designating the proceeds from the $1 billion offering to help cut virgin-plastic use and replenish the water it consumes in making sodas and snacks. With the announcement, the company PEP, -0.80% said it has named executive Simon Lowden as its firstRead More →
U.S. stock futures leaned higher on Thursday, on the heels of the worst two days of trading in nearly two months. Futures on the Dow industrials YM00, +0.36% , S&P 500 ES00, +0.42% and Nasdaq 100 NQ00, +0.48% each rose between 0.4% and 0.5%. The Dow industrials DJIA, -1.86% Read More →
On a recent weeknight, Dahlia and Adam Brown came home to their spacious Colonial on a quiet cul-de-sac in Marietta, Ga. The Browns both work demanding jobs and have two young sons. They bought the house in June using Knock, a company that’s trying to revolutionize the real-estate industry withRead More →
© Reuters. FILE PHOTO: People pay their respects three days after a mass shooting in El Paso By Nivedita Balu (Reuters) – Walmart (NYSE:) Inc, the nation’s largest retailer, said on Tuesday it would stop selling ammunition for handguns and some assault-style rifles in all its stores across the UnitedRead More →
The colonel’s secret recipe has gone meatless. Kentucky Fried Chicken is selling fake fried chicken at one of its Atlanta locations to test customer demand, the latest instance of a fast-food restaurant partnering with plant-based protein maker Beyond Meat BYND, +1.30%. Demand for plant-based proteins has soared among restaurant dinersRead More →
Greeks may have invented philosophy. But this week the seaside nation is testing out another idea: its bonds are roughly as risky as haven U.S. Treasurys. Greece is borrowing about €2.5 billion euros in the international debt markets this week by selling seven-year bonds at a yield of 1.9%, accordingRead More →
Chill in your igloo this summer. A number of retailers like Amazon AMZN, -0.56% and Walmart WMT, +0.35% are selling a variety of clear domes that resemble igloos that you put in your yard — “garden igloos” if you will. There’s this 12-foot, $1,200 “Garden Dome Igloo” (pictured above)Read More →
Residential builders have found a new home: Amazon. Prefabricated and modular housing — with homes prebuilt in factories — is having another moment. From 2013 to 2018, industry revenue grew an annualized 8.6% to nearly $10.5 billion, including growth of 4.1% in 2018 alone, according to research firm IBISWorld. PreviouslyRead More →
Dear Moneyist, My mother passed away in May 2019. I last saw my mother on Memorial Day Weekend. My sisters fought about how the staff at the hospice was caring for my mother. My mother was left in a comatose state. I was called to my mother’s bedside from ArizonaRead More →
© Reuters. The Kroger supermarket chain’s headquarters is shown in Cincinnati (Reuters) – Kroger (NYSE:) Co said on Tuesday it would start selling cannabis-based products in 945 stores, joining the growing number of retailers that are trying to tap the demand for cannabidiol (CBD) products. The Ohio, Cincinnati-based company willRead More →
iStockphoto Raise your hand if you want strangers trooping through your house and peeking in drawers while you’re still living there. “iBuyers,” the new real-estate companies that buy homes directly from customers, have grabbed media attention, investor dollars and consumer acceptance. Their approach offers a seemingly modern solution to theRead More →
As recreational marijuana moves beyond buds, and countries besides Canada mull legalization, cannabis companies have a lot of potential roads to travel as they seek to grow. Aurora Cannabis Inc. ACB, +3.58% ACB, +3.09% , the second-most valuable marijuana producer in the world, is establishing a different path than someRead More →
© Reuters. A Walmart sign is pictured at one of their stores in Mexico City (Reuters) – The U.S. Food and Drug Administration (FDA) said on Friday it has sent letters to Walmart (NYSE:) Inc, Kroger (NYSE:) Co and 10 other convenience store chains for selling tobacco products to minors.Read More →
Bloomberg A real estate agent walks outside a townhouse for sale in Arcadia, California. Rates for home loans edged up after reports showed the economy was shrugging off its winter sluggishness. The 30-year fixed-rate mortgage averaged 4.12% during the April 11 week, mortgage guarantor Freddie Mac reported Thursday. That wasRead More →
It’s high time seniors got into the cannabis business. In many ways, Amy Peckham seems like a typical grandmother: The 60-year-old is talkative (especially about her four adult children, whom she raised as a stay-at-home mom), charitable (she co-founded the Peckham Family Foundation, which donates money to everything from environmentalRead More →
© Reuters. FILE PHOTO: A man walks past branches of ASDA and Sainsbury’s in Stockport. LONDON (Reuters) – Walmart-owned British supermarket chain Asda said it will remove single kitchen knives from sale in all its stores by the end of April. Britain’s knife-crime rate is soaring and, following a waveRead More →
