Coinbase may have announced plans to list hundreds of new assets over the coming months and years, but that doesn’t mean that the San Francisco-based cryptocurrency exchange has lost its status as crypto-token kingmaker. Yesterday, on Oct. 11, Coinbase announced that it had begun the process of listing 0x (ZRX), an ERC-20 token that runs … Read more
The Dow Jones Industrial Average erased a 414-point surge on Friday as Wall Street’s attempt to rebound from this week’s drop failed. The 30-stock index traded just below breakeven as shares of J.P. Morgan Chase and Boeing pulled back. The S&P 500 also traded well off its session high. As of 12:44 p.m. ET, it … Read more
Over $6 billion was wiped off global cryptocurrency markets in a day, led by XRP and ethereum as prices of digital coins continued to fall. The entire market capitalization or value of cryptocurrencies had plunged $6.72 billion in 24 hours as of about 11:32 a.m. HK/SIN time on Friday, according to data from Coinmarketcap.com. That … Read more
After a wild Wednesday on Wall Street, investors are nervous. What should you do with money sitting in your bank account? Take a theoretical $100,000. How should you invest it now? “Review your portfolio to see if there are any of your assets that you should now buy more of at lower prices,” said Tim … Read more
Stocks seesawed in volatile trading Thursday, a day after the major indexes suffered steep losses sparked by higher rates and a sell-off in tech shares. The Dow Jones Industrial Average traded 104 points lower, bringing its two-day losses to more than 900 points. The S&P 500 dropped 0.5 percent and was on pace for a … Read more
The price of major cryptocurrencies plunged on Thursday with nearly $13 billion of value being wiped out in a matter of hours. At around 10:23 a.m. HK/SIN, bitcoin had fallen nearly 5 percent to $6,303, while XRP and ethereum both tanked over 10 percent, according to data from Coinmarketcap.com. It’s not unusual to see bitcoin … Read more
President Donald Trump continued to attack the Federal Reserve on Thursday, saying Chairman Jerome Powell is being too stringent with monetary policy and is making a mistake. He blamed the Fed for causing a massive drop in stocks this week that took the Dow Jones Industrial Average down more than 800 points on Wednesday alone. … Read more
Rising rates are shaking the market to its core as bond yields held at their highest level in seven years, but an unexpected group of winners is emerging. Bond proxies, often victim to rising rates, have held up surprisingly well. Sectors like consumer staples, utilities and real estate have been outperforming the broader market. And … Read more
It could be the best chance this year to buy Amazon, said TradingAnalysis.com founder Todd Gordon The tech giant is sitting in a correction, down more than 10 percent from its recent high on Sept. 4, but Gordon says there’s a key technical level that has him betting on an Amazon bounce back. — RELATED— … Read more
Stocks sank on Wednesday, led by a steep decline in tech shares as this month’s sell-off continued. The Dow Jones Industrial Average traded 500 points lower as Intel and Microsoft fell more than 1.5 percent each. The Nasdaq Composite dropped 2.4 percent. The S&P 500 dropped 1.9 percent, with the tech sector underperforming. The broad … Read more