The price of cryptocurrencies has crashed even further on Tuesday wiping off long (buy) positions worth over $10 billion. The price of bitcoin is currently about 50% off its all-time high of around $65,000 last April. Other smaller cryptocurrencies like …
Crypto trading platform Binance reported that it experienced errors with trading and briefly suspended withdrawals of Bitcoin, Ethereum, and Doge on May 10. “All withdrawals are temporarily suspended on #Binance. Rest assured our team is working on it. We apologize …
Documents from Canada’s Internal Finance suggest that lawmakers have issues with Facebook’s proposed digital currency system and question what effects it will have on the Canadian economy. Canadian press were able to obtain a note from an Internal Finance meeting …
U.S. stock markets tumbled yesterday following news that Bill Hwang’s Archegos Capital Management was liquidating $30 billion in assets to cover a margin call that went south. The large sell-off was triggered by Archegos’ positions in something called a contract-for-difference, …
The Dow Jones is up nearly 250 points this morning following lower than expected inflation climbs and a big rally from the Nasdaq yesterday. The Dow is currently up 245 points to 32,080 (+0.78%), with the S&P 500 following close …
Stock indices are on the rise this morning, with the Dow trending slightly up and the Nasdaq Composite attempting to swing back after yesterdays losses. The Dow Jones rose 177 points at the opening bell up to 31,972 (+0.53%). The …
The Dow Jones Industrial Average (DJIA) trends higher today as tech stocks are selling off following bond yield pressure and the passing of Biden’s $1.9 trillion stimulus package. The Dow was up 121 points to 31,606 (+0.4%) at market open, …
Wireless hardware developer Netgear saw a 6% loss in share value Wednesday evening after revenue reports showed gains for their fourth quarter earnings. Their stock is currently trading at $38.24 (-0.86%) in this morning’s market. Netgear saw a record high …
The weekly US jobless claims report is in as index futures bounce back before the morning open. Seasonally adjusted claims saw a slight increase for the week of February 27, increasing by 9,000 to 745,000 claims. The week prior has …
Prices for food are rising across all sectors as the world rebounds from the COVID-19 pandemic. Indonesia is seeing surges in tofu prices, up 30% from their value in December 2020. Brazil and Russia are also seeing price hikes as …