Bitcoin’s growing popularity is taking the world by storm and having a ripple effect on various sectors. Its price rallying to record highs of $42,000 in recent weeks has been the center of attention. The rate at which Bitcoin’s user base is growing is also taking the world by storm, threatening to have a ripple
Month: February 2021
Khing Hnin Wai has had to defend herself after a video of her dancing as Myanmar’s democratically elected leaders were detained and whisked away by military forces caused a storm on social media. The first moment of the coup captured the fitness enthusiast’s step-step-stepping enthusiastically to upbeat music, oblivious to the dire situation in the
The stock market is on a hot streak lately with all three major New York markets showing an upward trend. The Dow Jones rose 1.08% to close at 31,055.85. The NASDAQ rose 1.23% to close at 13,777.74 and the S&P 500 rose 1.09% to close at 3,871.74. STOXX Europe also saw an increase today, coming
What is going on in the markets? Many people don’t really know yet and even more are unsure of what to project forward with market moves. Investors are going over a large swath of corporate earnings while also waiting for the weekly jobless claims data to see what their short term strategy should be.
The U.S real estate sector has been resilient amidst the slowdown triggered by the COVID-19 pandemic. A surge in activities in the past year all but affirms solid fundamentals in the sector. Similarly, companies have continued to raise capital all in the effort of safeguarding their edge as well as long term prospects. Community-focused real
Growing cryptocurrency popularity is forcing the crypto exchange to be innovative in product offerings, in a bid to target a broader target market. The latest is Bitmex, which has strengthened its Cryptocurrency offering with the introduction of futures contracts for meme crypto Dogecoin. Dogecoin Futures Starting February 5, traders and high-volume crypto speculators will be
Record low interest is the catalyst fuelling bond issuance among corporations. Companies are increasingly taking advantage of the reduced cost of borrowing to raise capital in the bond market, to finance various projects as well as pay underlying debt. Apple Inc. (NASDAQ:AAPL) is the latest to tap the bond market. Apple $14 Billion Bond The
Exchange-Traded Funds were on a roll in 2020, attracting more than $500 billion in capital inflows. The stimulus-fuelled rally sparked demand for ETFs as investors sought to diversify their investments in the equity markets. Environmental, Social, and Governance focused ETFs emerged as one of the biggest winners in the ETFs landscape as investors focused on
The stock market closed on another high today, with all three major markets in New York seeing increases. The Dow Jones rose 1.57% to close at 30,687.48. The NASDAQ closed up 1.56% at 13,612.78 and the S&P 500 closed up 1.39% to finish at 3,826.31. STOXX Europe also closed up today by 1.29% at 405.92.
The founder of investing firm Muddy Waters out of San Francisco, Carson Block, believes that the sentiment for investing is reaching ludicrous levels, and that it could eventually fracture a fragile market. “We’re at this point where stock markets are just ludicrous and with that ludicrosity is fragility. It’s going to break sooner or later,
The markets are prepped to build on the bounce from Monday following the worst week for equity indexes in the United States since October. With a refocus on big earnings you’ll see reports from both Amazon and Google’s parent company Alphabet before the markets close on Tuesday. Two of the largest groups with interest
Microsoft Corporation (NASDAQ:MSFT) bid to strengthen its gaming unit with the acquisition of ZeniMax hangs in the balance. The European Union antitrust regulators are poised to meet to discuss the long term impact of the proposed $7.5 billion acquisition and its impact on competition. EU Antitrust Blockade Microsoft requested EU regulators to approve the $7.5
GameStop Corp. (NYSE:GME) stock imploded at the start of the week after shaking Wall Street, the past week, at the back of a 300 % plus rally. The stock fell by as much as 30% amid reports that nearly half of short positions on the stock had been eliminated. The implosion came amid a high
The stock market saw a good start to the week today with all three major New York stock markets showing an increase. The Dow Jones rose 0.75% to close at 30,211.91. The NASDAQ closed up 2.55% to finish at 13,403.39 and the S&P 500 closed up 1.61% to close at 3,773.86. STOXX Europe was also
Investors going at the stock market on their own are now in love with the stock market but this new infatuation is making veterans in the market nervous. Garrett DeSimone, current head of quantitative research at OptionMetrics made a statement that, “What we have seen is a focus on short-term, out-of-the-money call options because they
With last weeks distraction of the volatile market from outside changes with small-cap GameStop style shake ups the reality of a slow economic recovery will likely put the growth of the stock market on ice as the coronavirus pandemic recovery has been confusing even as January led to record highs on the indexes. The co-head
The European Medicines Agency has approved AstraZeneca Plc (NASDAQ:AZN) and the University of Oxford’s COVID-19 vaccine. The move comes following a row that AstraZeneca might be breaking its commitment to deliver the vaccine to the EU. AstraZeneca Vaccine approved in the EU On Friday, the EMA said that after assessing the vaccines’ effectiveness and safety,
On Friday, Bitcoin price jumped over 20% to $38,566 after Elon Musk added #Bitcoin to his personal Twitter profile, thus fuelling speculation that he had acquired more BTC. Musk tweets driving stock sentiments A day before, the richest man in the world prompted CD Projekt shares to surge by 12% after stating that the latest