Markets

Bitcoin sinks below $34,000 as sell-off cuts into early-January momentum

Bitcoin sank as low as $US33,412.72 on Wednesday as investors continued to take profits from the cryptocurrency’s massive rally. The token reached a record of nearly $US42,000 earlier this month before momentum stalled. Analysts see $US34,000 as a key support level for the token, while a move above $US40,000 could […]
Bitcoin sinks below $34,000 as sell-off cuts into early-January momentum
Markets

US stocks gain as investors await a flood of earnings reports

US stocks gained on Tuesday after two straight days of losses last week as investors await a flood of earnings reports including tech giant Netflix in the week ahead. Janet Yellen urged lawmakers at her Senate confirmation hearing on Tuesday morning that now is the time to “act big” on […]
US stocks gain as investors await a flood of earnings reports
Markets

US stocks close mixed as stimulus optimism clashes with new virus strain

US stocks closed mixed on Tuesday after Congress passed a multitrillion-dollar spending bill that includes $US900 billion in new stimulus. The package, which also funds the government through September 30, includes $US600 direct payments, $US300 in additional federal unemployment benefits, and aid for small businesses. The fresh fiscal support locked […]
US stocks close mixed as stimulus optimism clashes with new virus strain
Markets

Nasdaq closes at record high as investors digest Fed action and stimulus talks

US equities wavered on Wednesday as investors mulled the Federal Reserve’s policy update, disappointing economic data, and progress toward passing new stimulus. Congressional leaders are close to agreeing on a stimulus package that includes just under $US900 billion in relief funds, Politico reported. A deal could be finalised as early […]
Nasdaq closes at record high as investors digest Fed action and stimulus talks
Markets

US stocks edge towards new records after jobless claims fall more than expected

US stocks gained slightly on Thursday after falling jobless claims offered an encouraging sign of labour-market improvement. New weekly claims for unemployment insurance totaled an unadjusted 712,000 for the week that ended Saturday. Economists surveyed by Bloomberg expected a reading of 775,000. The mild uptick puts the S&P 500 at […]
US stocks edge towards new records after jobless claims fall more than expected
Markets

US stocks climb as investors weigh political clarity against virus risks

US stocks gained on Friday as hopes for a peaceful transition to the Biden administration offset concerns about rising COVID-19 cases. President Trump said Thursday that, should the Electoral College rule President-elect Joe Biden the winner of the 2020 election, he’ll hand over his power. The US reported 125,082 new […]
US stocks climb as investors weigh political clarity against virus risks
Markets

Dow closes above 30,000 for the first time ever on Biden-transition rally

US equities jumped on Tuesday after the General Services Administration’s ascertainment of President-elect Joe Biden’s victory lifted investor sentiments. The Dow Jones industrial average climbed above 30,000 for the first time, marking a rapid comeback after the index sank as low as 18,213 in March. The GSA announced Monday afternoon […]
Dow closes above 30,000 for the first time ever on Biden-transition rally
Markets

US stocks slide amid dispute over Fed funds and spiking COVID-19 cases

US stocks fell on Friday as conflict over the use of Federal Reserve funds offset positive developments for vaccine distribution. Treasury Secretary Steven Mnuchin urged the Fed on Thursday to return funds set aside for emergency lending, setting up several relief programs for year-end expiration. The move marked a rare […]
US stocks slide amid dispute over Fed funds and spiking COVID-19 cases
Markets

Dow tumbles 345 points as fresh lockdown measures overshadow vaccine progress

US stocks fell on Wednesday as new economic restrictions erased morning optimism around coronavirus vaccine news. New York City announced Wednesday afternoon that it will shut down public schools as virus infection rates spike. The vaccine candidate being developed by Pfizer and BioNTech was 95% effective at protecting against COVID-19 […]
Dow tumbles 345 points as fresh lockdown measures overshadow vaccine progress
Markets

Bitcoin surges past $15,000 to hit its highest level since January 2018

Bitcoin continued its post-election day surge on Thursday, punching past $US15,000. The digital token’s high of more than $US15,200 in Thursday afternoon trades represented its highest level since January 2018. In January 2018, bitcoin was in the early stages of unravelling much of its previous year’s gains as the cryptocurrency […]
Bitcoin surges past $15,000 to hit its highest level since January 2018
Markets

US stocks close mixed as tech surge battles against industrial sell-off

US stocks closed mixed on Tuesday as investors weighed optimism in the tech sector against continued sell-offs in other corners of the market. Xilinx traded higher after Advanced Micro Devices announced it will buy the latter in a $US35 billion all-stock deal. The acquisition and anticipation for Microsoft’s afternoon earnings […]
US stocks close mixed as tech surge battles against industrial sell-off
Markets

Bitcoin has tanked 50% in just 2 days amid coronavirus market panic

Bitcoin has tanked as much as 50% in two days amid a major market rout over coronavirus concerns. The digital coin tumbled as much as 32% on Friday before paring some of those losses. “Investors are liquidating alternative assets such as Gold and Cryptocurrency to meet market obligations and build […]
Bitcoin has tanked 50% in just 2 days amid coronavirus market panic
Markets

Bitcoin tops $4,000 for the first time in over a month

Bitcoin has surged more than 10% since JPMorgan announced on Thursday that it would launch its own cryptocurrency, called “JPM Coin.” Bitcoin touched an intraday high of $US4,002.71 a coin on Tuesday, topping $US4,000 for the first time in over month. Watch Bitcoin trade live. Bitcoin hit a high of […]
Bitcoin tops $4,000 for the first time in over a month
Markets

CRYPTO INSIDER: Blockchain is opening in San Francisco

Welcome to Crypto Insider, Business Insider’s roundup of all the bitcoin and cryptocurrency news you need to know today. Sign up here to get this email delivered direct to your inbox. Blockchain, the world’s biggest provider of digital wallets, is establishing a presence in San Francisco for the first time […]
CRYPTO INSIDER: Blockchain is opening in San Francisco
Markets

CRYPTO INSIDER: Ethereum founder bashes crypto news site CoinDesk

Welcome to Crypto Insider, Business Insider’s roundup of all the bitcoin and cryptocurrency news you need to know today. Sign up here to get this email delivered direct to your inbox. Thousands of people will be in attendance at CoinDesk’s 2018 Consensus conference in May, but Ethereum founder Vitalik Buterin […]
CRYPTO INSIDER: Ethereum founder bashes crypto news site CoinDesk
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