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(Bloomberg) — Bitcoin soared on Monday to approach $40,000, a rally some attributed to traders exiting bets on declines as well as ongoing speculation over Amazon.com Inc.’s potential involvement in the cryptocurrency sector. The largest crypto rose as much as 15% to $39,681 before paring some of the climb to trade at about $38,600 as of 7 a.m. in London. Other virtual coins also rallied, including second-ranked Ether. “The extent of the jump was probably driven by over-leveraged… Source link

In this article, we discuss the 10 most-shorted stocks Reddit’s WallStreetBets is paying attention to. If you want to skip our detailed analysis of these stocks, go directly to the 5 Most-Shorted Stocks Reddit’s WallStreetBets Is Paying Attention To. Reddit forum WallStreetBets, with a user base of well over 10.7 million and growing, rose to prominence in the finance world after it was identified as a key social hub frequented by retail investors in the GameStop Corp. (NYSE: GME) and AMC… Source link

(Bloomberg) — Most Asian stocks rose early Monday after U.S. shares rallied to an all-time high on corporate earnings, though traders are also mulling China’s technology-sector crackdown and an upcoming Federal Reserve meeting. Japan jumped after reopening from a two-day holiday, Australia edged up and South Korea fluctuated. Futures slid in Hong Kong, where an index offering exposure to China’s internet giants is the world’s worst-performing major tech gauge. Beijing’s latest… Source link

Are you intrigued by the possibility of using nuclear reactors to curb emissions, but worried about their water use and long-term safety? There might be an impending solution. LiveScience reports that China has outlined plans to build the first ‘clean’ commercial nuclear reactor using liquid thorium and molten salt. The first prototype reactor should be ready in August, with the first tests due in September. A full-scale commercial reactor should be ready by 2030. The technology should not… Source link

Arizona State is facing NCAA scrutiny over alleged recruiting violations stemming from last year. (Photo by Kevin Abele/Icon Sportswire via Getty Images) The NCAA investigation into Arizona State’s football program is expanding, as sources confirmed to Yahoo Sports that the organization has begun reaching out to recruits mentioned in the dossier of documents that detailed potential recruiting violations in the Sun Devils’ program. Yahoo Sports has learned that Mark Strothkamp, a veteran of… Source link

In T-minus 10 days, the Ethereum blockchain will undergo its 11th backward-incompatible upgrade, also called a “hard fork.” This hard fork, dubbed “London,” contains five Ethereum Improvement Proposals (EIPs), each featuring code changes aimed at optimizing and improving the world’s second-largest cryptocurrency by market capitalization.  Of these five EIPs, EIP 1559 has been the most controversial among Ethereum stakeholders due to its radical redesign of the network’s fee… Source link

Social Security checks may see a huge raise next year. Will it be enough? The ongoing spike in inflation that has Americans paying more for gas, food, cars and many other things could lead to the biggest Social Security boost in almost 40 years when officials announce the cost of living adjustment, or COLA, for 2022. Plus, members of Congress have proposed changes to how the COLA is calculated, which could result in even larger Social Security checks for 55 million retirees, their dependents… Source link

Traders are gearing up for a busy week of corporate earnings results from the mega-cap technology stocks this week. This will come alongside a slew of economic data reports and a monetary policy decision from the Federal Reserve.  The biggest names in the S&P 500 — including Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), Facebook (FB) and Alphabet (GOOGL) — are set to report second-quarter results this week. The reports will add to what has already been an exceptional earnings season: So… Source link

NEW YORK, NY / ACCESSWIRE / July 25, 2021 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court. Further details about the cases can be found at the links provided. There is no cost or obligation to you. ATHA Shareholders Click Here: Source link

Nick Sauro, his wife, Ilone, and their twins, at their home in New Rochelle, N.Y., July 11, 2021. (Tony Cenicola/The New York Times) The first house was in Midvale, Utah — a three-bedroom, just over 2,100 square feet, listed for $479,000. Rob Ettaro and his girlfriend, Kaliana Veros, who had moved from western New York to Salt Lake City, drawn by career opportunities and the stunning scenery of the Wasatch Range, decided to make an offer. This was back in the wintertime, when the young… Source link