Yuriko Nakao | Getty Images Bitcoin’s big swing in prices over the weekend likely set the stage for a period of consolidation before the cryptocurrency can make another move higher. The digital currency lost as much as 15% over the weekend, and rival coins like ethereum also fell. Bitcoin traded […]
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Bitcoin’s sell-off by the numbers: Oppenheimer puts the latest drop into perspective
It’s been a wild few days for bitcoin. The cryptocurrency fell close to $52,000 on Sunday, sharply off its record high set last week above $64,800. The sell-off was tied to rumors of a regulatory crackdown in the U.S., a common fear for bitcoin investors. But, taking a step back, […]
Wall Street banks brace for digital dollars as the next big disruptive force
The Federal Reserve building is seen on March 19, 2021 in Washington, DC. Daniel Slim | AFP | Getty Images Wall Street is warming up to the idea that the next big disruptive force on the horizon is central bank digital currencies, even though the Federal Reserve likely remains a […]
Dow falls more than 100 points from a record high, Nasdaq sheds 1%
U.S. stocks slipped from record levels to start the week on Monday as the weakness in the technology sector weighed on the broader market. The Dow Jones Industrial Average fell 130 points from a record high, while the S&P 500 fell 0.5% after closing at a fresh high on Friday. […]
Several key officials leave U.S. Chamber of Commerce as lobbying group faces GOP criticism
Several key officials have left the U.S. Chamber of Commerce as the nation’s biggest business lobbying group shifts its priorities and changes its leadership during the administration of President Joe Biden. At least four of the group’s key leaders left in recent months. The former Chamber executives who have recently […]
Senate to vote on bill to combat anti-Asian American hate crimes on Wednesday
U.S. Sen. Mazie Hirono (D-HI) speaks during a press conference on the COVID-19 Hate Crimes Act at the U.S. Capitol on April 13, 2021 in Washington, DC. Stefani Reynolds | Getty Images The Senate will vote Wednesday on legislation to address a rise in hate crimes against Asian Americans, Senate […]
Netflix is the biggest winner since Disney kicked off the streaming wars
Reed Hastings, co-founder and CEO of Netflix, attends a meeting with France’s President Emmanuel Macron during the “Choose France” summit, at the Chateau de Versailles, outside Paris, France, January 20, 2020. Benoit Tessier | Pool | Reuters The purported plot of the streaming wars goes as follows: Sick of losing […]
CDC says fewer than 6,000 Americans have contracted Covid after being fully vaccinated
Director of the Centers for Disease Control and Prevention, Rochelle Walensky, testifies before a House Select Subcommittee hearing on “Reaching the Light at the End of the Tunnel: A Science-Driven Approach to Swiftly and Safely Ending the Pandemic,” on Capitol Hill in Washington, DC, April 15, 2021. Amr Alfiky | […]
Dow falls 200 points from a record high, Nasdaq sheds more than 1%
U.S. stocks slipped from record levels to start the week on Monday as the weakness in the technology sector weighed on the broader market. The Dow Jones Industrial Average fell 210 points from a record high, while the S&P 500 fell 0.8% after closing at a fresh high on Friday. […]
CDC says there have been less than 6,000 ‘breakthrough’ Covid cases among 84 million fully vaccinated Americans
Director of the Centers for Disease Control and Prevention, Rochelle Walensky, testifies before a House Select Subcommittee hearing on “Reaching the Light at the End of the Tunnel: A Science-Driven Approach to Swiftly and Safely Ending the Pandemic,” on Capitol Hill in Washington, DC, April 15, 2021. Amr Alfiky | […]