[CNBC] KEY POINTS Morgan Stanley’s Mike Wilson believes stocks are on a collision course with more pain due to the economic slowdown. The firm’s chief U.S. equity strategist and chief investment officer said on CNBC’s “Fast Money” that investors should resist putting their money to work in stocks despite the […]
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[Fortune] Last week, Florida Gov. Ron DeSantis announced that low-income families in the state will receive checks worth $450 per child, in an effort to ease the toll decades-high inflation is taking on household bottom lines. Florida joins more than a dozen other states that have implemented some type of relief […]
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[CNN] Ex-treasury secretary, Larry Summers, says “It’s a great likelihood that we will have a recession.” Is the United States heading for a recession? Or is the economy already in one? It — almost — doesn’t matter. For many Americans, it already feels like a recession. Soaring prices for, well, just about everything, make it tougher […]
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[Barron’s, Getty Images] A recent rally in cryptocurrencies lost speed on Thursday, with the price of BitcoinBTCUSD –2.97% and other cryptocurrencies sliding back as investors digested news that Tesla TSLA +5.52% had sold the lion’s share of its digital asset holdings. The price of Bitcoin fell 3% over the past 24 hours to below $23,000, having advanced […]
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[Barron’s, Dreamstime] BitcoinBTCUSD +8.49% and other cryptocurrencies were trading mixed Tuesday, with prices wavering amid fragile investor sentiment following a selloff in the stock market on Monday. The price of Bitcoin rose slightly over the past 24 hours to $22,171, having moved as high as $22,700 on Monday. Bitcoin continues to hold […]
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[Benzinga, Pixabay] Cryptocurrency-related stocks, including Coinbase Global Inc COIN+8.95%, Marathon Digital Holdings Inc MARA+17.6% and Riot Blockchain Inc RIOT+11.3%+, are trading lower Tuesday amid strength in cryptocurrencies, led by Bitcoin and Ethereum. The crypto market has been trending lower amid a selloff in broader risk assets, but crypto bounced off the lows last week and has since staged a recovery. Bitcoin has traded higher by nearly 15% over […]
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[Benzinga] Shares of several popular altcoins, including Ethereum Classic ETC/USD, are trading higher again Monday in sympathy with apex cryptocurrency Bitcoin BTC/USD and second-largest market cap crypto EthereumETH/USD. Bitcoin is also trading around a 1-month high Monday afternoon at around $22,000, representing a rebound of 18.3% over the past month. Crypto is likely trading in tandem […]
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[CNBC, AFP/Getty Images] KEY POINTS NFTs, or non-fungible tokens, are a controversial piece of the crypto conversation, evoking both passionate criticism and praise as Web3 becomes a bigger part of popular culture. Keith Grossman, president of Time, has spent the past year building the 99-year-old media brand’s NFT business, TIMEPieces, […]
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[Benzinga] ZINGER KEY POINTS Jordan Belfort advised crypto investors not take a 12-month or 24-month horizon on Bitcoin. He says eventually Bitcoin will “trade more like a store of value and less like a growth stock.” Jordan Belfort, famously known as the Wolf of Wall Street, recently said that he […]
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[MarketWatch, Dow Jones] Crypto in a snap Bitcoin BTCUSD, -0.15% lost 4.9% over the past seven days, trading at around $20,497 on Thursday, according to CoinDesk data. Ether ETHUSD, 0.37% declined 9% over the seven-day stretch to around $1,174. Meme token Dogecoin DOGEUSD, 0.29% retreated 12.5% while another dog-themed token, Shiba Inu SHIBUSD, 0.56%, is trading 9.6% lower from seven days ago. […]
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