Month: August 2020

Bitcoin finding support above the $10,000 level echoes the bull-run experienced in 2017. According to Cointelegraph analyst filbfilb, the flagship cryptocurrency has what it takes to edge higher as it remains supported above the 20-week moving average. Bitcoin Outlook The cryptocurrency has been on a tear in 2020, in response to developments around the scene
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To start with Thursday’s numbers… The S&P 500 barely missed closing at its record high, though it did surpass the record high of 3,386.15 mid-day. It ended the day down 0.2% at the level of 3,373.43. Meanwhile, the Dow Jones fell 0.3% and the Nasdaq managed to get out of Thursday ahead with a 0.3%
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Mutual funds are under immense pressure, now, more than ever. Capital outflows have increased significantly amid concerns of disappointing performance and high management fees. Investors are increasingly turning to Exchange Traded Funds. The result has been a spike in the number of Mutual Funds converting into Exchange Traded Funds. Mutual Fund – ETF Conversion While
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Bonds have been badly hit in the wake of the Federal Reserve printing trillions of dollars to calm the markets and revitalize economic growth. The central bank cutting interest rates to near-zero has seen investors shun bonds given the reduced rate of return. However, that does not mean it is all doom and gloom in
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Former Vice President Joe Biden, the expected Democratic presidential nominee, has picked California Senator Kamala Harris as his running mate. “You make a lot of important decisions as president. But the first one is who you select to be your Vice President,” Biden said in an email to supporters Tuesday afternoon. “I’ve decided that Kamala
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Twitter Inc. (NYSE:TWTR) and Facebook Inc. (NASDAQ:FB) are taking action against the Trump campaign for posting misinformation about COVID-19. Trump’s page shared part of the President’s interview with Fox whereby he indicated that children were immune to the Virus. Facebook and Twitter act on Trump’s misleading video The social media networks indicated that the information
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There is good news for Latin America crypto users following Tauros.io cryptocurrency exchange’s partnership with Dash to launch Visa cryptocurrency debit cards. Initially, the Visa crypto debit cards will be available to Mexican users only. New crypto Visa debit card in Mexico Latin America has been leading in championing the adoption of cryptocurrency, and it
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Defiance Nasdaq Junior Biotechnology ETF (NASDAQ:IBBJ) is the latest addition as Exchange Traded Funds continue to elicit strong demand, given the strong bullish momentum in the equity market. With investments in the equity market edging high amid growing concerns over an extended stock market, the ETF seeks to provide targeted exposure to the biotech space
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