Three quarters of an hour before the start of trading, the broker IG estimated the Dow Jones Industrial about 0.2 percent lower to 42,090 points. IG also sees the tech-heavy Nasdaq 100 index down about 0.2 percent at 19,732 points. After an Iranian rocket attack on Israel, Prime Minister Benjamin Netanyahu announced retaliation. “And as … Read more
NEW YORK (AP) — The “miners” who chisel bitcoins out of complex mathematics are taking a 50% pay cut — effectively reducing new production of the world’s largest cryptocurrency, again. Bitcoin’s latest “halving” occurred Friday night. Soon after the highly anticipated event, the price of bitcoin held steady at about $63,907. Now, all eyes are … Read more
NEW YORK (dpa-AFX) – The US stock markets are likely to continue their series of losses of the past two trading days on Thursday. The fact that the rating agency Fitch has withdrawn the coveted top rating for creditworthiness from the USA is still having an effect, according to the trade. This step caused clear … Read more
Positive quarterly reports from other major US banks gave Wall Street a boost on Tuesday. The Dow Jones reached its highest level in 15 months and came very close to the 35,000 point mark again. Both Morgan Stanley’s and Bank of America’s figures were well received by investors. The best-known Wall Street index, the Dow, … Read more
The S&P 500 rose slightly on Wednesday, as Wall Street closely monitored the latest round of corporate earnings reports. Investors remained cautiously optimistic as major companies continued to release quarterly figures, with some showing signs of a strong recovery from the pandemic. This live update article provides real-time coverage of the market movements and highlights … Read more
In the face of economic uncertainty and a slowing global economy, Bitcoin has broken another record, passing the $30,000 mark on the CNBC Daily Open. As the COVID-19 pandemic continues to ravage the world and governments struggle to contain its impact, many investors are turning to the decentralized digital currency as a way to hedge … Read more
NEW YORK (dpa-AFX) – The recovery in the Dow Jones Industrial from Thursday, losses will follow at the end of the week. The pre-market price fluctuations had already shown how unsettled investors remain despite all the measures taken to contain the crisis in the US regional banks. In addition, there is the long expiry date … Read more
NEW YORK (dpa-AFX) – On the day of the key interest rate decision in the USA, the New York stock markets are expected to be somewhat weaker. The broker IG appraised the leading index Dow Jones Industrial a good three-quarters of an hour before the opening, 0.38 percent lower to 33,956 points. The highly tech-heavy … Read more
NEW YORK (dpa-AFX) – After a long lethargic trading session, the prices still gained momentum on Friday. The leading index Dow Jones Industrial made it to another high since mid-December in late trade. In particular, the shares of large banks increased according to quarterly reports from the industry. At the closing bell, the Dow gained … Read more
NEW YORK (dpa-AFX) – Lingering disappointment over future monetary policy continued to weigh on US stock prices on Friday. Prospects for further gains towards the end of the year are dwindling after major central banks dashed hopes interest rate hikes would soon end, analyst Craig Erlam of broker Oanda commented. Weaker-than-expected purchasing managers’ indices for … Read more