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“Dow soars 500 points as stock market recovers from slump” Wall Street continued its recovery from a seven-week losing streak on Thursday as investors seized on apparent signs that the worst of sky-high inflation may be over. The Dow Jones Industrial Average rose 516.91 points, or 1.6%, to 32,637.19 and the Nasdaq rose 2.9%. The…
” Bitcoin creeps toward $30K, but data shows bears in favor for Friday’s $1.8B BTC options expiry “ Bitcoin (BTC) price has been unable to close above $32,000 for the past fifteen days and is currently down 37% year-to-date. Although that might seem excessive, it does not stand out among some of the largest U.S.-listed…
“Stocks of gun makers surge after Texas school shooting” Shares of prominent publicly traded gun and ammunition makers rose sharply in trading Wednesday after the deadly mass shooting at an elementary school in Uvalde, Texas, sparked renewed calls for gun control measures. The stock surge occurred after a teenage gunman armed with two assault rifles…
“Wendy’s surges as biggest shareholder Trian Partners explores deal” Wendy’s largest shareholder, activist hedge fund Trian partners, has signaled it is exploring a potential deal to buy the fast-food giant – a development that sent the company’s stock soaring on Wednesday morning. Trian said it has informed Wendy’s board of directors that it is evaluating…
“Goldman Sachs says stocks will slide until Fed clarifies policy” A lengthy losing streak for US stocks is likely to continue until the Federal Reserve reveals the endpoint of its effort to tackle inflation by tightening monetary policy, according to a Goldman Sachs analyst. Major stock indices have finished lower for seven consecutive weeks –…
” FTX reportedly shopping for brokerages in preparation for stock trading “ Crypto derivatives exchange and NFT platform FTX is reportedly in the market for brokerage start-ups as part of its recently announced plans to expand support to stock trading. The firm announced last Thursday that its U.S.-based subsidiary FTX.US will be launching zero-commission stock…
” Dollar Cost Averaging or Lump-sum: Which Bitcoin strategy works best regardless of price? “ Bitcoin (BTC) has declined by more than 55% six months after it reached its record high of $69,000 in November 2021. The massive drop has left investors in a predicament about whether they should buy BTC when it is cheaper,…
” Bitcoin ends week ‘on the edge’ as S&P 500 officially enters bear market “ Bitcoin (BTC) struggled to recover its latest losses on May 21 after Wall Street trading provided zero respite. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price reflects drab stocks performance Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading…
” 20% drop in the S&P 500 puts stocks in a bear market, Bitcoin and altcoins follow “ Whoever coined the phrase “sell in May and go away” had brilliant insight and the performance of crypto and stock markets over the past three weeks has shown that the expression still rings true. May 20 has…
“Dow falls 400 points near the end of a bruising week” The Dow fell more than 400 points Friday as stocks headed for another week of declines following a massive pullback two days ago. The S&P 500 fell 0.7% and is on track for its seventh straight weekly decline after getting close to entering a bear…