Month: July 2020

Bitcoin price has more than tripled after imploding in March. The flagship cryptocurrency has retaken the $11,000 threshold at the back of renewed investor interest. The surge in price has coincided with a decline in Bitcoin balances held in major crypto exchanges. Bitcoin Strong demand Bitcoin balances in crypto exchanges have dropped to levels not
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The markets sent mixed messages to close on Thursday, which was a big earnings day in the tech sector. The Nasdaq closed 0.43% higher, while the S&P 500 was down 0.37% and the Dow Jones Industrial Average was down 0.85%. The Stoxx Europe 600 Index saw 2.2% dip. Apple, Amazon, Alphabet and Facebook jumped in extended trading as results
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Editor’s Note: Due to issues with the Call Put Strike Podcast hosting service, we are not hosting the daily podcast today. Many of you may have noticed issues with truncated episodes last week and we apologize for the inconvenience it may have caused. Markets hit the mid-week mark with gains today. The Nasdaq led the
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The four most powerful Chief Executive Officers in the world will be the center of attention on Wednesday in what promises to be a scintillate probe. Spearheading hearings over antitrust issues is the House Judiciary Subcommittee on Antitrust. Amazon.com, Inc. (NASDAQ:AMZN), Facebook, Inc. (NASDAQ:FB), Apple Inc. (NASDAQ:AAPL), and Alphabet Inc. (NASDAQ:GOOGL) are the companies poised
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Tether (USDT) has seen its market capitalization surge to over $10 billion as the most trusted and liquid stablecoin continues to experience substantial growth. Following the surge, the stablecoin has cemented its position in the industry as the third-largest crypto by market cap surpassing XRP. Tether is the third-largest crypto by market cap The announcement
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A tech sell-off on Thursday afternoon sent the markets spinning and ended a four-day winning streak. The Dow Jones was down 1.3%, the S&P 500 down 1.2%, and the Nasdaq was today’s biggest loser down 2.2%. Meanwhile, the Russell 2000 inched just a touch higher rising by 0.0042%. The Stoxx Europe 600 Index closed up
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Exchange-traded Funds are powering high as investors continue to bet on the U.S stock market on optimism over stimulus and earnings amid the tepid environment fuelled by COVID-19. ETF trading volumes have surged in recent weeks as investors look to gain exposure to the broader stock market with exposure to some of the biggest and
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The U.S stock market and the economy are lacking many of the underlying principles previously used to explain them historically. Those are sentiments echoed by hedge fund billionaire, Leon Cooperman. He is the chairman and CEO of Omega Advisors, a New York-based investment advisory firm managing over $3.3 billion in assets under management. According to
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The investment landscape in Europe is slowly changing. Retail investors are increasingly taking the fight to institutional investors as the race for investment opportunities in the equity markets gather speed. Trading volumes in some of Europe’s big Exchange Traded Funds have more than doubled since the start of the year. Europe’s ETF Demand The spike
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