A record-setting August for stocks has set the bar high, and September looks off to a promising start, at least for technology stocks, with electric-car maker Tesla TSLA, +12.56% poised for more big gains. That brings us to our call of the day from Schwab Center for Financial Research’sRead More →
The price of Bitcoin (BTC) has seen low volatility throughout the past six weeks, hovering in the $9,300 to $9,900 range for most of the time. This has led traders to warn that it is likely to cause a massive price movement in the near-term. Over the last 12 monthsRead More →
For those of us involved in the cryptocurrency space, we’ve gotten used to the fast-paced nature of this rapidly growing industry. New technology quickly becomes old, bright shiny projects lose their luster, and what started out as a few privacy advocates sending “magic internet money” to one another has mushroomedRead More →
Bitcoin Trader has been heavily promoting itself as the best and safest automated cryptocurrency trading app that can help people earn $1,300 a day. Numerous fake reviews and scam checks on Bitcoin Trader are highly ranked by Google, making this scam appear legitimate. News.Bitcoin.com investigates this investment scam. Bitcoin TraderRead More →
Despite the economic crisis, cryptocurrency trading platforms in India are reporting record-breaking volumes and new users. “People in India are betting big on bitcoin,” Paxful’s CEO said. “The Indian market holds great potential and importance for the future of the crypto-economy.” Record-Breaking Growth Across the Indian Crypto Industry Cryptocurrency tradingRead More →
In its latest report cryptocurrency data provider Coin Metrics predicted that Bitcoin’s daily volume could eclipse that of the U.S. equity market, if growth rates are maintained. But how likely is it really? The report cites Bitcoin as an asset class with incredible growth potential due its low trading volume comparedRead More →
Bitcoin’s trading volume has experienced exponential growth which could reach levels similar to major asset classes, according to a new report by Coin Metrics. The cryptocurrency’s daily volume could exceed that of all U.S. equities in less than four years and all U.S. bonds in less than five years, theRead More →
This week the trading platform Bvnex Exchange announced the support of bitcoin cash on the Vietnam-based fiat-crypto trading platform. The support gives the Vietnamese market and other regions in Asia, the ability to trade bitcoin cash for VNDT- Vietnam dong. On June 2, 2020, the crypto exchange Bvnex listed bitcoinRead More →
Switzerland’s financial regulator, FINMA, has approved two Zurich-based banks to offer a range of cryptocurrency services, including trading and custody. Maerki Baumann Bank subsequently announced the launch of its trading platform for major cryptocurrencies while Incore Bank is offering a range of crypto services. Maerki Baumann Launches Cryptocurrency Trading DeskRead More →
2/2 © Reuters. FILE PHOTO: The spread of the coronavirus disease (COVID-19) in New York 2/2 By John McCrank NEW YORK (Reuters) – The New York Stock Exchange will partially reopen the trading floors at its iconic 11 Wall Street building on Tuesday for the first time since March 20Read 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 →
Casper Sleep Inc., the startup that popularized the bed-in-a-box trend, saw its shares rise more than 20% in their trading debut Thursday, after underwriters priced its initial public offering at $12, the lower end of a reduced range. That left the company’s valuation at less than half the $1 billionRead More →
Asian stock markets were largely unfazed early Wednesday by the rising global concerns over an outbreak of a coronavirus that can cause deadly pneumonia, despite investor worry over the impact the health emergency may have on travel and tourism ahead of the Lunar New Year that starts Saturday. Stocks inRead 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 →
Asian markets were little changed in light holiday trading Wednesday, with many major global markets closed for Christmas. Japan’s Nikkei NIK, -0.20% slipped 0.2%, while the Shanghai Composite SHCOMP, -0.28% was about flat and the smaller-cap Shenzhen Composite 399106, +0.00% rose 0.4%. Taiwan’s Taiex Y9999, +0.27% Read More →
There was no sign of a festive Santa Rally on European markets as traders were more focused on the pantone and presents to come than their portfolios. Despite U.S. stocks climbing to yet another record high on Monday, Christmas Eve trading was flat across the pond in what for manyRead More →
Asian markets were mixed Monday in quiet trading ahead of Christmas holidays for many markets. Concern over the possibility of a North Korean missile test was leavened by signs of further progress in cooling trade tensions between Washington and Beijing as China announced plans to further open its financial marketsRead More →
LAS VEGAS — Amazon.com Inc. has preached the power of the cloud in managing mountains of data. On Wednesday, it announced a whopper of a deal that puts its philosophy to the test: Amazon Web Services is teaming with FINRA CAT LLC, a subsidiary of the Financial Industry Regulatory Authority,Read More →
Getty Images U.S. financial markets will see a shortened trading session Friday, as investors dig into holiday shopping and Thanksgiving leftovers. After closing for Thanksgiving, markets will operate on a shortened schedule on Friday. Both the New York Stock Exchange and the Nasdaq will close at 1 p.m. Eastern. InRead More →
The Dow Jones Industrial Average marked history on Friday — carving out its first breach of a psychological milestone since mid-July, as equity benchmarks mounted an assault on records on the back of hope for progress in U.S.-China trade negotiations. The Dow DJIA, +0.80% closed up by just under 223Read More →
Amazon.com Inc. profit fell for the first time in more than two years in the third quarter, and the company expects another earnings decline in the holiday-shopping season, which sent shares down more than 7% in late trading Thursday. Amazon AMZN, +1.06% reported third-quarter profit of $2.1 billion, or $4.23Read More →
By Chris Prentice NEW YORK (Reuters) – U.S. prosecutors said on Tuesday they had charged six members of an insider trading ring who worked for firms including Goldman Sachs Group (N:), Moelis and Centerview Partners and allegedly booked tens of millions of dollars in illicit profits. The U.S. Attorney’s OfficeRead More →
© Reuters. Goldman Sachs investment banker charged in insider trading scheme By David Shepardson (Reuters) – A Goldman Sachs Group Inc (N:) investment banker was released on bond and placed on leave by the firm after allegedly being involved in an insider trading scheme, a bank spokeswoman said on Saturday.Read More →
© Reuters. FILE PHOTO: A sign is displayed on the Morgan Stanley building in New York (Reuters) – Morgan Stanley (N:) beat estimates for quarterly profit on Thursday, buoyed by higher revenue from bond trading and M&A advisory fees, sending its shares up 4% in premarket trading. The results wrappedRead More →
© Reuters. FILE PHOTO: A sign marks a Fidelity Investments office in Boston (Reuters) – Fidelity Investments on Thursday eliminated commissions on online trades of U.S. stocks, exchange traded funds (ETFs) and options, becoming the latest brokerage to cut trading fees to compete with new entrants in the market. LastRead More →
