U.S. stocks closed sharply higher on Friday as quarterly earnings top estimates, while the economy continues to grow. The Dow Jones industrial average rose 219 points and hit intraday and closing records. The S&P 500 gained 1.2 percent, with tech and health care as the best-performing sectors, and also reached an all-time high. The broad … Read more
It’s Trump speech day in the Swiss Alps, as stocks schuss toward their fourth weekly win in a row. A U.S. GDP reading is also grabbing the spotlight, plus the dollar is still getting left out in the cold by traders. Who needs all those Benjamins anyway? Soon you might not need dollars to pay … Read more
The cryptocurrency craze is finally flowing into the exchange-traded funds business. Investors poured about $240 million into two blockchain-focused ETFs since their launch last week, according to the latest available data from FactSet. Blockchain is the technology behind bitcoin and other cryptocurrencies. The surge of interest came even as bitcoin, the largest digital currency by … Read more
The relentless gush of cash into the stock market is sending a powerful “sell” signal, according to a Bank of America Merrill Lynch gauge that has been a reliable indicator in the past. Investors poured $33.2 billion into stock-based funds through the week ended Wednesday, BofAML said in a report. That’s a record both for … Read more
If it’s true that the bigger they are, the harder they fall, then cryptocurrencies have been gearing up for a tremendous decline. But, then again, maybe this is just the start for the great crypto bull market. As of Monday, the entire cryptocurrency market stands at approximately $563 billion, according to industry site CoinMarketCap, which … Read more
The massive upwards movement in cryptocurrencies over 2017 has not gone unnoticed. The participants at the World Economic Forum (WEF) in Davos are being questioned about cryptocurrencies and Cointelegraph has been one of the main voices representing the fraternity. The traditional investors are still not willing to accept the rising clout of the cryptocurrencies and … Read more
Whether you’ve used bitcoin as an investment or as a currency, you owe taxes on it. As far as Uncle Sam is concerned, bitcoin is not currency. It’s property. That means whenever you buy something with bitcoin, it’s two transactions, not one. What you’re actually doing is selling a property (bitcoin) for a cash value … Read more
If you’ve earned a high credit score, choosing the best credit card for your lifestyle means wading through dozens of options. But if you have bad credit, or none at all, your pool of options is decidedly smaller. Financial services site WalletHub worked with a team of experts to crunch the numbers and determine which … Read more
Is the bull run showing signs of slowing down? Markets turned negative Wednesday afternoon with the Nasdaq dipping the farthest, falling 0.4% after starting the day in positive territory. The Dow Jones Industrial Average has since bounced back into positive territory, rising 0.16% and the S&P 500 is holding on to a modest 0.03% gain. … Read more
Ethereum (ETH) has continued to recover from the 47% pullback last week. The cryptocurrency’s market capitalization currently stands at US$104 billion, with US$2.7 billion traded over the past 24 hours. Transactions per day and block times have both decreased this week, and the pending transaction pool is essentially zero at this time. The popular cryptokitties … Read more