Bitcoin briefly fell Tuesday below the psychologically key $10,000 for the second time in a week. The digital currency dropped more than 7 percent to a low of $9,972.29 Tuesday morning, according to CoinDesk’s bitcoin price index, which tracks prices from digital currency exchanges Bitstamp, Coinbase, itBit and Bitfinex. Bitcoin had recovered to trade near […]
Read moreCurrency, United States Finance
This is a breaking news story, please check back later for more. On Sunday, Saudi Arabia’s energy minister urged global oil producers to extend their cooperation beyond 2018. Speaking to reporters ahead of an OPEC joint ministerial committee, Khalid al-Falih also raised the prospect of a new form of agreement rather than continuing with the […]
Read moreBridgewater Associates founder Ray Dalio said the tax cut could lead to some big gains for the U.S. stock market. “We are in this Goldilocks period right now. Inflation isn’t a problem. Growth is good, everything is pretty good with a big jolt of stimulation coming from changes in tax laws,” Dalio told CNBC Tuesday […]
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The world is currently in an “upswing” in employment creation following a period during which jobs were lost to the advance of technology, the CEO of Credit Suisse said Tuesday. Speaking to CNBC at the World Economic Forum in Davos, Switzerland, Tidjane Thiam said there remain risks to the current economic environment, including geopolitical concerns. […]
Read moreAfter crushing subscriber forecasts again, the market value of Netflix surged toward $110 billion Tuesday. Wall Street analysts believe the streaming leader is just getting started. “Netflix’s current growth profile suggests that it continues to accelerate away from competition, and that the power of its competitive advantages is growing,” KeyBanc Capital Market’s Andy Hargreaves wrote […]
Read moreBadoo, the majority owner of the dating application Bumble, which gives women sole power to initiate conversations, is seeking a sale that could value the company at about $1.5 billion, according to people familiar with the matter. Match Group, non-U.S. based strategic buyers, and private equity buyers could be interested, said the people, who asked […]
Read moreIt’s a win streak that hasn’t been seen since Dwight Eisenhower was in the White House and Billboard’s top song of the year was “The Battle of New Orleans.” Fast forward about 60 years later, and the S&P 500 is setting itself up to potentially do it again. Ten-straight months of gains — unless long-time […]
Read moreNine years into the U.S. bull market in stocks, we are still optimistic for the year ahead. But there are some risks investors need to be mindful of as we start the new year. Fortunately, we do not believe recession is one of them, and so we remain bullish. Pending recessions typically end bull markets. […]
Read moreCheck out which companies are making headlines before the bell: Johnson & Johnson – Johnson & Johnson reported adjusted quarterly profit of $1.74 per share, 2 cents a share above estimates. Revenue also beat forecasts, with J&J benefiting from strong demand in its pharmaceutical business. Procter & Gamble – The consumer products giant topped estimates […]
Read moreHawaii Gov. David Ige says he was told within two minutes that the Jan. 13 missile alert sentwas a false alarm, but the “all clear” was delayed because he didn’t know his Twitter password. Ige told reporters on Monday that the reason his Twitter account was silent for 17 minutes after the alarm went out […]
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