Tag Archives: fresh

(Bloomberg) — Bitcoin dropped Monday as traders eased up on stimulus-fueled bets that had powered the digital token to a fresh record over the weekend. The largest cryptocurrency slumped by as much as 9.2% before trading at $56,131 as of 1:04 p.m. in New York, after topping out at $61,742 on Saturday. Bitcoin reached its latest all-time high on optimism that some of the pandemic relief payments in the U.S. will end up chasing the digital token’s towering rally. “The stimulus news was bid… Source link

Wall Street opened on a mixed note Monday, with the broader market adding to recent gains but technology shares under renewed pressure, as investors balanced extending a rally against a backdrop of steadily rising Treasury yields. On Friday, major benchmarks ended a mixed session with the Dow Jones Industrial Average jumping by nearly 300 points and the S&P 500 Index also inching to a new high, bolstered by the signing of a new $1.9 trillion stimulus bill that’s poised to spur consumer… Source link

Google Maps is making some social media-inspired updates to encourage more user-generated content in the app. The app on Thursday introduced several new features aimed at making Google Maps more interactive, including one that makes it easier for users to share photos of locations they visit. The changes are just the latest in a string of updates in recent months, as Google looks to make Maps not just a place to go for directions, but one where people can plan where to go, Source link

TipRanks Billionaire Ray Dalio Places Bet on 3 “Strong Buy” Stocks When billionaire financier Ray Dalio makes a move, Wall Street pays attention. Dalio, who got his start working on the floor of the New York Stock Exchange trading commodity futures, founded the world’s largest hedge fund, Bridgewater Associates, in 1975. With the firm managing about $140 billion in global investments and Dalio’s own net worth coming at $17 billion, he has earned legendary status on Wall Street. Summing… Source link

By Simon Jessop LONDON (Reuters) – Global shares rose for the 11th day in a row to reach a fresh peak on optimism about the rollout of COVID-19 vaccines and new fiscal aid from Washington, while tensions in the Middle East drove oil to a 13-month high. As more people are vaccinated across key markets such as the United States, and with U.S. President Joe Biden looking to pump an extra $1.9 trillion in stimulus into the economy, the so-called reflation trade has gathered steam in recent days. On… Source link

TipRanks 2 “Strong Buy” Penny Stocks That Could See Outsized Gains Well, it’s official. Joe Biden is now President, and he’ll be backed – at least for the short term – by Democratic majorities in both Houses of Congress. Wall Street is taking the measure of the new Administration, and sees, among its first moves, a boost in fiscal stimulus that is likely to goose consumer spending, bump corporate profits, and provide general economic support in the first half of 2021. Covering the… Source link

Stocks fell Monday in the first session of 2021 after briefly rising to touch fresh record highs earlier in the session. All three major indices dropped more than 1% intraday on Monday, after the S&P 500 and Dow earlier ticked up to record intraday levels. The S&P 500 closed out December with a 3.7% one-month gain and 16% gain for 2020, capping off an extraordinary year in markets despite the backdrop of the pandemic. Bitcoin prices (BTC-USD) also extended their recent rally over the weekend,… Source link

Elite sport will continue to be allowed behind closed doors despite a new month-long lockdown being imposed across England by UK Prime Minister Boris Johnson on Saturday. The strict series of measures reintroduced to try and curb rising coronavirus infection rates will begin from Thursday, November 5 and last until December 2. Pubs and restaurants will shut unless serving takeaway food, while all leisure and entertainment venues and non-essential shops will close. However, Culture Secretary… Source link