Tag Archives: recovers

By Tina Bellon (Reuters) – Bitcoin on Sunday rose around 7.6% to $20,404 from its previous close, signaling a recovery from a sharp drop on Saturday. Bitcoin, the world’s biggest and best-known cryptocurrency, is now up 16.7% from this year’s low of $17,592.78 on June 18, when it tumbled on investor worries about growing troubles in the crypto industry and amid a general pull-back from riskier assets. Andrew Brenner, head of international fixed income at National Alliance Securities, on Sunday… Source link

(Bloomberg) — A brief bout of concern about the status of Alibaba Group Holding Ltd. co-founder Jack Ma triggered wild swings in shares of the e-commerce company on Tuesday, underscoring continued investor anxiety toward China’s tech sector after a year-long crackdown. Most Read from Bloomberg Alibaba plunged as much as 9.4% in Hong Kong, erasing about $26 billion of market value, after state broadcaster CCTV reported that authorities in the company’s home base of Hangzhou had imposed… Source link

By Jonathan Stempel (Reuters) -Warren Buffett’s Berkshire Hathaway Inc on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue. The company Buffett has run since 1965 also signaled the billionaire’s confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs. Omaha, Nebraska-based Berkshire’s manufacturing,… Source link

‘If we compare today to the April highs, we can say with absolute certainty that the hype has left the market,’ said one analyst. Cryptocurrencies were recovering slowly but steadily from an earlier sell-off but are once again down on Wednesday, with bitcoin’s price quite a distance from its all-time high of $63,000 (£45,552) in April. Bitcoin (BTC-USD) fell 0.7%, trading at $34,891 on Wednesday morning. “If we compare today to the April highs, we can say with absolute certainty that the… Source link

Stocks rose on Monday, with the three major indexes looking to recover some of last week’s steep losses as an initial jolt following the Federal Reserve’s updated outlook for rates subsided.  The Dow added more than 200 points, or 0.7%. Last week, the index logged a weekly loss of more than 3% in its worst showing since October. The S&P 500 and Nasdaq were also each higher to extend gains from the overnight session.  Treasury yields on the long end of the curve ticked up to recover after a… Source link

Stocks rose Monday to recover some of last week’s losses, with investors’ concerns over inflation at least temporarily receding.  The S&P 500 rose by about 0.5% after ending last week lower. The Dow and Nasdaq also opened higher. Technology stocks outperformed as Treasury yields retreated. Bitcoin (BTC-USD) prices steadied to rise by more than 11%, after the largest cryptocurrency by market cap endured an extended streak of selling over the weekend. At their worst point during the past week’s… Source link

TipRanks These 3 Esports Stocks Have Over 60% Upside in Sight, Say Analysts Competitive gaming, or esports, is a fast-growing subset of the online video gaming industry. Video game popularity, for a long time, was driven by its niche appeal – gamer communities developed, and it seems that every game genre has its own fandom. Fantasy leagues adapted well to online gaming, and the networked systems saw the introduction of massive multi-player role playing games. Like many online services,… Source link