Bitcoin prices dropped to a low not seen since November as investor sentiment fails to rebound after hacks in recent weeks, and crackdowns from global regulators. The world’s first and largest cryptocurrency skidded as low as of $5,799.62 as of 8:30 a.m. ET Friday, its lowest level since mid-November, according to data from CoinDesk. The […]
Read moreCall it the incredible flattening yield curve. The narrowing between the 10- and 2-year Treasury bond yields has intensified this year, leading investors to fear a yield-curve inversion — a development that’s traditionally presaged economic recessions. That’s precisely why the yield curve — and what it implies for the stock market — will be a […]
Read moreThe fight to reunite immigrant families took a genetic twist this week as tensions increased over detained children. The same consumer DNA testing kits that trace ancestry and offer genetic risk assessments were proposed as a way to reunite families separated at the border. But the idea created its own minor furor — for one, […]
Read moreAfter tumbling some 70 percent from its peak, bitcoin is reaching a point where even an authority like Mohamed El-Erian thinks it could be a buy. The chief economic advisor at Allianz, considered one of the most influential financial market thinkers in the world, said Friday that the cryptocurrency would be worth considering if it […]
Read moreCheck out the companies making headlines before the bell: Constellation Brands – The spirits producer reported adjusted quarterly profit of $2.20 per share, missing the consensus estimate of $2.43, although revenue did beat Street forecasts. Constellation said its operating margins dropped 230 basis points due to higher transportation costs, an unfavorable foreign currency situation, and […]
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Amazon just made a bet on the retail pharmacy business and Walgreens stock took a big hit. Walgreens shares plummeted nearly 10 percent on Thursday in their worst daily performance in nearly three years. Its technical picture has been a mess long before Amazon’s deal for PillPack, says Craig Johnson, chief market technician at Piper […]
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Chip stocks have plunged almost 6 percent in the last month, and Todd Gordon of TradingAnalysis.com says there’s even more trouble ahead for the group. “The volatility is up here in the market, and what we’re seeing now is semis, which had been really strong and leading technology up, [are] starting to lag,” he said […]
Read moreA SpaceX rocket that flew just two months ago with a NASA satellite roared back into action Friday, launching fresh space supplies for the International Space Station. The used Falcon rocket blasted off before dawn, hauling nearly 6,000 pounds (2,700 kilograms) of cargo, including the first robot with artificial intelligence bound for space, genetically identical […]
Read moreChina’s Xiaomi Corp priced its Hong Kong initial public offering (IPO) at the bottom of an indicative range, raising $4.72 billion in the world’s biggest tech float in four years, people close to the transaction said on Friday. That values the firm at about $54 billion, almost half the valuation industry insiders touted at the […]
Read moreEgyptians are mourning the exit of their country’s national team from the World Cup soccer tournament following a 2-1 loss to Saudi Arabia this week. But there’s a silver lining, according to Egyptian-American economist Mohamed El-Erian. Egypt’s experience at this year’s FIFA tournament — its first World Cup qualification in 28 years — holds important […]
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