Tag Archives: Rise

Bitcoin recovered above US$16,000 in Wednesday morning trading as it rose along with Ether and the rest of the crypto top 10 by market capitalization, excluding stablecoins, as the market shook off lingering doubts from earlier in the week of further contagion from the now-bankrupt crypto exchange FTX.   See related article: Cathie Woods buys the dip as Ark Invest scoops up Coinbase, GBTC shares: Bloomberg Fast facts Bitcoin rose 2.6% to US$16,198 in the 24 hours to 8 a.m. in Hong Kong, while… Source link

U.S. stocks moved higher Tuesday as investors awaited scheduled remarks from Federal Reserve officials for clues on the U.S. central bank’s path forward for interest rates. The S&P 500 (^GSPC) nudged up 0.4%, while the Dow Jones Industrial Average (^DJI) advanced by 175 points, or about 0.5%. The technology-heavy Nasdaq Composite (^IXIC) added a modest 0.1%. Wall Street will tune into speaking engagements by Cleveland Federal Reserve President Loretta Mester and St. Louis Fed President James… Source link

In what is considered the largest privacy-related settlement in history, Google will pay $391.5 million to 40 states to settle an investigation by 40 state attorneys general.  The bipartisan coalition of attorneys general alleged that Google misled users into believing that opting out of sharing their location data prevented the company from tracking users’ locations.  But even when users opted out of location tracking, researchers confirmed that Google… Source link

U.S. stocks charged higher Friday morning as traders assessed monthly employment figures and weighed talks that China may ease COVID restrictions. The S&P 500 (^GSPC) bounced 1.4% at the start of trading but was poised for a weekly loss. The Dow Jones Industrial Average (^DJI) jumped 330 points, or 1%, while the technology-focused Nasdaq Composite (^IXIC) advanced 1.5%. The U.S. economy added 261,000 jobs in October, while September’s reading was upwardly revised to 315,000 from 263,000… Source link

People walk outside the headquarters of Yandex company in Moscow, on September 14, 2015. File Photo / Reuters Moscow: Russian tech group Yandex said Thursday revenue continued to climb during the third quarter despite the country being under Western sanctions over its its invasion of Ukraine. The company’s revenues rose 46 percent compared to the July-September period last year to 113.2 billion rubles ($2.1bn at the current rate). Yandex — often dubbed “Russia’s Google” — employs around… Source link

U.S. stocks wavered Wednesday morning after reactions to weak earnings from Alphabet (GOOGL) and Microsoft (MSFT), raising concerns that slowing output could dent corporate profits in the coming months. The technology-heavy Nasdaq Composite (^IXIC) plummeted by as much as 2% in early trading. Both the S&P 500 (^GSPC) and the Dow Jones Industrial Average (^DJI) inched higher by 0.4% and 0.9%. Stocks have rallied of late, posting three straight days of gains. The Nasdaq jumped 2.3% in Tuesday… Source link

With a brutal year for the stock market getting closer to a close, investors may be showing renewed interest in their investments as they look to take action into 2023. Google searches for “Dow Jones” have picked up over the last month (chart below), according to findings compiled by DataTrek Research. The Dow Jones Industrial Average is often seen as the most commonly used metric for stocks by the average U.S. household. The return of interest in the stock market. (DataTrek) DataTrek noted… Source link

U.S. stocks tumbled early Friday as the government’s key employment reading showed the labor market grew at a slower pace in September. The U.S. economy added 263,000 jobs last month as the unemployment rate fell to 3.5%. Economists expected a payroll gain of 255,000 and for unemployment to hold at 3.7%. Futures tied to the S&P 500 (^GSPC) dropped 0.7%, while futures on the Dow Jones Industrial Average (^DJI) shed more than 100 points, or 0.4%. Nasdaq Composite (^IXIC) futures led the way… Source link

U.S. stocks were mixed at the start of trading Thursday after a dramatic two-day rally that kicked off the quarter fizzled. The S&P 500 edged down 0.1%, while the Dow Jones Industrial Average sank 90 points, or 0.3%. The technology-heavy Nasdaq Composite was an outlier — up a modest 0.2%. The moves early Thursday came after fresh data from the Labor Department showed a jump in the number of Americans filing for first-time unemployment insurance last week. Initial jobless claims rose sharply… Source link

U.S. stocks turned lower Tuesday, extending a rout spurred by fears of sustained monetary tightening by the Federal Reserve to combat inflation. The S&P 500 tumbled 0.7% after climbing at the start of trading, deepening its losses after the benchmark index plunged roughly 4% across back-to-back losing days. The Dow Jones Industrial Average shed 175 points, or about 0.6%, and the technology-heavy Nasdaq Composite fell 0.7%. The moves came after a batch of upbeat economic data on the labor… Source link