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“# Altcoins sell-off as traders jostle to hold Bitcoin price above $40K ” Altcoin’s recent gains have come under pressure as Bitcoin (BTC) price dropped to retest lower support levels after reaching a new all-time high at $41,940. Following Bitcoin’s Jan. 7 push above $40,000, the top cryptocurrency faced selling pressure that saw the price…
“#NYSE flipflops again on plan to delist Chinese telecom giants” The New York Stock Exchange is reversing course on its own course reversal and will delist three Chinese telecommunications companies after being pressured by outgoing Treasury Secretary Steven Mnuchin. After announcing on New Year’s Eve that it would honor President Trump’s executive order banning Americans…
“#Big tech stocks drop as investors eye Georgia Senate races” Big tech stocks fell sharply Wednesday as Democratic gains in Georgia stoked fears that the feds could tighten regulations on the industry’s dominant players. Futures contracts linked to the tech-heavy Nasdaq 100 index tumbled about 1.3 percent as of 8:12 a.m. with Democrats poised to…
“#Herbalife stock soars as Carl Icahn sells, says ‘role as activist not needed’” Carl Icahn has always been good to Herbalife, even on his way out the door. Shares of the nutritional supplement seller soared as much as 6 percent on Monday after Icahn confirmed that he’s sold more than half his stake after eight…
“#Stocks on Wall Street fall on Georgia elections, virus surge” The first trading day of 2021 started off with a bang before falling back to earth as traders grappled with hangover effects of 2020. The Dow Jones Industrial Average dropped 382.59 points, or 1.3 percent, to 30,223.89 on Monday after hitting a record high in…
“#Tesla stock climbs toward new record on strong deliveries” Tesla’s stock price jumped toward a new record early Monday after the company nearly reached its goal of delivering half a million vehicles in 2020. Shares in the electric-car maker climbed about 2.4 percent to $722.32 in premarket trading as of 7:10 a.m., putting the stock…
“# All-time highs meet altseason: 5 things to watch in Bitcoin this week ” Bitcoin (BTC) is almost unrecognizable as it starts the first working week of 2021, retaining $30,000 support and hitting astronomical new highs. Hard to believe for hodlers, price action continues to wow as Monday gets underway, and attention is turning to…
“#Painful as it was, patience paid off for investors” Good things came to fund investors who waited in 2020. But, what a terrifying wait it was. Mutual funds and exchange traded funds of all stripes delivered strong annual returns, even better than usual. Consider the largest fund by assets, a core holding of many 401(k)…
“#NYSE starts process of delisting 3 Chinese telco companies” The New York Stock Exchange is starting the process of delisting securities of three Chinese telecom companies, after President Trump last month barred US investments in Chinese firms Washington says are owned or controlled by the military. The move by the NYSE, which will limit US investor…
“#Wall Street gives up gains after record-setting rally” Wall Street’s main indexes eased from record highs in volatile trading on Tuesday as investors worried the Senate may not quickly pass the additional pandemic aid checks to help jobless Americans. Senate Majority Leader Mitch McConnell said the chamber would address this week President Donald Trump’s call…