CNN — You don’t need to spend close to $1,000 for a smartphone with great cameras and long battery life. Yes, the iPhone 12 or Galaxy S21 deliver a terrific experience, but your money can go pretty far at $500 or less. Enter the Pixel 5a with 5G — Google’s latest affordable device joins the $349 4a and $499 4a 5G. The 5a with 5G is $449 and up for preorder now, with deliveries starting on Aug. 26. And… Source link
Read More »Ethereum Keeps Burning and Price Is Hot
Bitcoin’s price rose Friday, back above $46,000 after dipping as low as $43,800 the prior day. The largest cryptocurrency by market value was trading close to its highest level in more than two months, sitting on a 60% year-to-date gain after rallying from a low around $29,000 as recently as June. A key threshold is the 200-day moving average of the price, currently around $45,000. Related: Cardano Jumps on Signals Smart Contracts Coming Next Month “The 200-day moving average is… Source link
Read More »U.S. consumer price increases slowed in July, inflation still high
WASHINGTON, Aug 11 (Reuters) – U.S. consumer price increases slowed in July but inflation overall remained historically high amid continued supply-chain disruptions and stronger demand for travel-related services as economic activity rebounded. The consumer price index increased 0.5% last month after climbing 0.9% in June, the Labor Department said on Wednesday. In the 12 months through July, the CPI advanced 5.4%. Excluding the volatile food and energy components, the CPI rose… Source link
Read More »Bitcoin Price Rests Above Key Indicator Amid ‘Return of Retail Investors’
Despite pulling back from recent highs, bitcoin, the world’s largest crypto by market cap, remains above a key long-term technical indicator, which reflects bullish market conditions. Prices are currently at about $46,350 after topping out at $46,453 in the last 24 hours, CoinDesk data show. The crypto is up 57% year to date and is making headway toward its all-time high of $64,829 on April 14. “After a quiet July, we’re seeing a return of retail investors,” said Caroline Bowler, CEO… Source link
Read More »S&P 500, Dow dip amid oil price declines as virus concerns rise
Stocks fell Monday, losing some steam after rising to all-time highs late last week. Commodity prices tumbled as concerns over the coronavirus’s spread resurged, with crude oil prices moving sharply to the downside. The S&P 500 fell as shares of oil companies including Occidental Petroleum (OXY), Apache Corporation (APA) and Diamondback Energy (FANG) dropped. The Dow also dipped, weighed down by a decline in shares of Chevron (CVX). U.S. West Texas intermediate crude oil futures (CL=F)… Source link
Read More »Goldman Sachs raises S&P 500 price target, but warns path higher ‘is unlikely to be a smooth one’
Goldman Sachs is getting more bullish on stocks. The Wall Street firm on Thursday upgraded its year-end price target for the S&P 500 (^GSPC) to 4,700, up from the 4,300 seen previously. That new target would represent an upside of nearly 7% from closing prices on Wednesday, and add to what has already been a more than 17% year-to-date gain for the blue-chip index. Goldman also expects the S&P 500 to close out 2022 at 4,900, raising this from a previous target of 4,600. A combination of… Source link
Read More »Bitcoin Price Slumps 5% as Recent Rally Begins to Cool
The run-up in bitcoin‘s price witnessed during the final days of July is facing pressure from sellers looking to cash in their profit amid tensions over a proposed U.S. infrastructure bill’s language. The pullback from Saturday’s top of around $42,400 to current prices of around $39,500 is likely associated with uncertainty surrounding the bill, according to Daniel Kim, head of capital markets at Australia-based decentralized lending company Maple Finance. An earlier version of the bill… Source link
Read More »China Stocks Slip to End Wild Week as Traders Price New Reality
(Bloomberg) — Chinese stocks fell on Friday, rounding off a volatile week for investors struggling to price in Beijing’s tightening regulatory grip after a rout pushed the nation’s key equity index to the brink of a bear market. The CSI 300 index fell 0.8% on the day and 5.5% for the week, the worst since February. In Hong Kong the Hang Seng Index, which earlier this week saw its biggest two-day loss since 2008, dropped 1.4%. Alibaba Group Holding Ltd. slipped 4.2% while Meituan lost… Source link
Read More »Average new car price hits record $41,000
Supply constraints and increased demand drove the average price of a new car to $41,044 in July, an all-time high, according to J.D. Power’s latest U.S. Automotive Forecast. “We can’t get to $41,000 without both a supply chain issue that we’re seeing from microchips, as well as increased consumer demand that is not being met with the supply available,” J.D. Power Vice President of Data & Analytics Tyson Jominy told Yahoo Finance. The previous high, set in June, was $39,942. “Too few vehicles… Source link
Read More »US home price growth soars to a new record
Home price growth in the U.S. soared to a new record in May as the housing market continues to heat up. Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted a 16.6% annual gain in May, up from 14.8% in April — marking the highest reading in more than 30 years of data. It is also the 12th straight month of accelerating prices. The 20-City Composite posted a 17% annual gain, up from 15% a month earlier. The 20-City results surpassed analysts’… Source link
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