Twitter’s biggest security breach that targeted high-profile accounts belonging to the likes of Bill Gates, Elon Musk, and Barrack Obama, was not the work of a sophisticated hacking group. Instead, it started as a prank between a group of teenagers who used the opportunity to scam users out of thousands of dollars worth of Bitcoin’s.
Month: July 2020
A pretty flat Friday in the markets as we head into the weekend. The Dow Jones slipped 0.2%, the Nasdaq was up 0.3%, and the S&P 500 also saw 0.3% gains. The Nasdaq was the only major market to close in the red this week. Tech stocks remained skittish on Friday following a missed earnings
The housing market is heating up after starting the year on a roll. The COVID-19 pandemic has taken a toll on various sectors of the economy, with the housing industry not spared a bit. Uncertainty is the theme that continues to take a toll on the once burgeoning segment of the U.S economy. U.S Real
Twitter’s vulnerability was yet gain laid bare as a number of high profile twitter account fell in the hands of hackers who ended up propagating a Bitcoin giveaway scam. While most people are increasingly blaming Bitcoin, the social networking giant also has some blame to bear given the way the hackers were able to access
Thursday saw all markets close in the red. The Dow Jones was down 0.5%, while the Nasdaq dropped 0.7% and the S&P 500 dipped to 0.3%. Amazon had a slightly down day by 0.3%, which left it sitting just below the $3,000 mark at $2,999.90. Microsoft and Apple both sunk by over 1%. Netflix was
The U.S bond market has always been bigger than the stock market, and the trend is not expected to change anytime soon amid a dovish outlook in the sector. Immediate data indicates that over $40 trillion is invested in the bond market against $30 trillion in the stock markets. Bond Markets Outlook Bonds have always
Demand for Exchange Traded Funds is at an all-time high as would-be investors look to profit from one of the longest bull runs in the equity markets. ETFs have become increasingly popular with total assets under management in the space clocking record highs of $4 trillion from just $530 billion in 2008. Strong demand for
Today we’ll consider the extended tax deadline edition… The middle of the week kept the market’s spirits high. The S&P 500 and the Dow Jones were both up 0.9%, while the Nasdaq was up 0.5%, while the small-cap stock index, the Russell 2000, decided today was the time to climb. It grew 3.5% for the
One year since it started, the U.S-China trade war is far from over, having had casualties and disrupting the way countries trade with each other. The most significant casualties have been U.S and Chinese companies that have had to change their investment plans in the two countries and how they do business. U.S-China Trade War
The electric vehicle market is the subject of intense biding tone in the wake of Tesla Inc. (NASDAQ:TSLA) surging to record highs. With the auto industry experiencing one of the most significant transformations away from fossil-fuels, investors are increasingly turning to the likes of Nio Inc. (NYSE:NIO) and Spartan Energy Acquisition Corp (NYSE:SPAQ.UN) in pursuit
What goes down, must come up. Another tumultuous day in the markets. The S&P 500 was up 1.4%, the Nasdaq up 1%, and the Dow Jones managed to climb 2.3% on Tuesday. While the markets were up, some of the tech titans saw losses, including Amazon and Netflix being down more than 1%, while Facebook
The COVID-19 Pandemic has dramatically affected the social and financial lives of people. Many businesses have been impacted, resulting in reduced salaries and even furloughing employees as uncertainty continues to grow. The pandemic has taught several lessons about personal finances that they can adapt to when facing an economic downturn. Here are five personal finance
Pfizer Inc. (NYSE:PFE) stock edged higher and closed in the green as most areas of the market closed in the red amid growing concerns over the second wave of coronavirus infections in the U.S on Monday. The U.S drugmaker is the subject of attention in the market after it emerged that the company’s experimental coronavirus
The S&P 500 ended the day down 0.9%, the Nasdaq was down 2.1%, while the Dow Jones managed to sneak back up to positive territory at the close of the markets to be up about 0.04%. The S&P 500 touched positive territory for 2020 just briefly today, before markets turned downward following there morning rallies
Gold has been on an incredible roll since 2018 and continues to gather steam with the precious metal flirting with eight-year highs after a meteoric rise the past few weeks. The positive investor sentiment around the precious metal has come at the backdrop of growing concerns about the long-term impact of the COVID-19 pandemic. A
Interest rates, at record lows, have made it extremely difficult for investors to generate solid current income in the capital markets. The situation is the same in many countries, given the meager interest rates from government bonds. Traders are increasingly turning to Exchange Traded Funds, or ETFs, to bolster investment portfolios given their sizeable and
The S&P 500 climbed 1.05% to 3,185.04. The Dow Jones Industrial Average gained 369.21 points, or 1.44%, to close this week at 26,075.30. The Nasdaq closed in the green and was up 0.66% to 10,617.44. Optimistic news about remdesivir, a potential coronavirus treatment from Gilead Sciences, contributed to the rally in the markets despite a
The real estate bubble was the catalyst behind the 2009 financial crisis. Fast forward, the global economy is on the cusp of yet another economic meltdown, fueled by the COVID-19 pandemic. Even as key sectors in the U.S economy continue to reel from the effects of COVID-19, real estate has emerged as a soft spot,
Dogecoin has taken the cryptocurrency space by storm, exploding by over 100%, with trading volumes spiking by more than 2000%. A spike on huge volume stems from a viral Tik Tok challenge, urging traders to take the meme-based cryptocurrency price above the $1 mark. Tik Tok Price Pumping It all started with Tik Tok user
Mixed markets today as the Nasdaq reached record highs after closing up 0.5%, while the Dow Jones slid 0.5% and the S&P 500 fell 0.6%. Some of today’s biggest winners were Amazon, which was up 3.3%, Costco was up 2.915%, while Walmart closed up 2.66%. Video game company Electronic Arts saw shares go up 2.35%.
China imposing Hong Kong Security Bill 2020 and the U.S retaliating with a new sanction bill is a tailwind that threatens U.S companies’ operations in the former British colony. The security law has already had its first casualty, ByteDance, has announced it is ending support for video service TikTok in Hong Kong. Hong Kong National
Apple Inc. (NASDAQ:AAPL) continues to dominate the smartphone space, on its willingness to spend billions of dollars on research and development, all in the effort of coming up with unique products. Likewise, the tech giant is not yet ready to cede the top position when it comes to developing one-of-a-kind products. Backed by a robust
Today saw the Dow Jones rise 0.7%, the S&P 500 went up 0.8%, and the NASDAQ saw gains of 1.2% and put it on the books for a record high day at 10,492.50. Speaking of records, Apple also saw 2.3% gains to close the day at a record high of $381.37 after Deutsche Bank analysts
Microsoft Corporation (NASDAQ: MSFT) has joined the fray in the acquisition of Warner Bros Interactive Entertainment. The acquisition would allow the tech giant to strengthen its gaming division, having already acquired several game-development studios in the recent past. AT&T And Their Divestment Push AT&T Inc. (NYSE:T) is looking for potential buyers of the Interactive Entertainment
Google (NASDAQ:GOOGL) will power various cloud computing instances on its Google Cloud Platform using NVIDIA’s (NASDAQ:NVDA) recently launched A100 GPU. It will be the first public cloud that uses the flagship A100 GPU for computing instances called Accelerator-Optimized VM (A2) family. Google Cloud to offer A2 VM family instances using A100 GPU The A2 VM
After a big day of gains yesterday, today’s results rebounded back and we saw losses across the markets, including a slide just before the closing bell to put the markets deeper in the red. The Dow Jones closed down 1.51%, the S&P 500 was down 1.08%, while the NASDAQ ended down 0.86%. This ended five
Samsung Electronics Co., Ltd (OTCMKTS:SSNLF) weathered COVID-19 disruptions in Q2, going by the stellar financial results for the three months ended June. The South Korean juggernaut saw underlying profits come in better than expected, helped by surging internet traffic that saw chip demand surge to record levels. The hardware giant also benefited from a spike
Apple Inc. (NASDAQ: AAPL) might fit a transparent keyboard in future MacBooks following the filing of a new patent through which the tech company aims to improve the durability of its keyboards. The patent which Apple recently filed at the U.S. Patent and Trademark Office (USPTO) describes the use of transparent glass keycaps made of
The markets saw post-Fourth of July fireworks on Monday. The Dow Jones rose by 1.78%, the S&P 500 by 1.59%, and the NASDAQ by 2.21%. The Russell 2000 rose at 0.77%, but did not feel the rally as much as the primary indexes. This was an all-time high for the NASDAQ composite. The markets saw
Dominion Energy Inc. (NYSE: D) issued a press statement on Sunday, announcing the cancellation of the Atlantic Coast Pipeline (ACP) project. The company specified that pulling the plug on the project was a logical decision, given the impediments encountered. Notably, the statement cited “ongoing delays and increasing cost uncertainty which threatens the project’s economic viability.”