Traders on the floor of the New York Stock Exchange Source: The New York Stock Exchange Stock futures were mostly flat on Wednesday evening ahead of the release of a key indicator for the job market. Futures contracts tied to the Dow Jones Industrial Average ticked up 10 points, or […]
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Bitcoin’s next resistance level isn’t until $170k, the ‘sky is the limit,’ says trader
Bitcoin‘s record-breaking rally rolls on. The cryptocurrency crossed above $52,000 on Wednesday for the first time ever, adding to a 46% rally over the past month. Todd Gordon, founder of TradingAnalysis.com and a bitcoin bull, sees the run continuing. “We’re getting corporate and institutional players entering the market. I think […]
Stocks making the biggest moves after hours: Twilio, SunPower, Tilray and more
Here are the stocks making notable moves in extended trading on Wednesday. Twilio — Shares of the cloud company soared 12% after Twilio posted a surprise adjusted profit for the fourth quarter. The company earned an adjusted 4 cents per share on $548.1 million revenue, up 65% year over year. […]
‘Roaring Kitty’ Keith Gill defends GameStop posts, says he is as bullish as ever on the stock
The Reddit and YouTube trading star known as “Roaring Kitty” defended his social media posts that helped spark a mania in GameStop shares last month in testimony released Wednesday, saying he was an individual investor acting only on publicly available information. The trader, whose real name is Keith Gill, is […]
Dow rises to another record led by Verizon and Chevron, but tech weakness weighs on S&P 500
The Dow Jones Industrial Average rose in volatile trading on Wednesday to hit another record close, boosted by a jump in Verizon and Chevron shares. The blue-chip Dow erased a 180-point loss and ended the day 90.27 points higher, or 0.3%, to 31,613.02. The S&P 500 dipped less than 0.1% […]
Texas blackouts show how vulnerable power grid is to climate change
Cyrus Whittaker, left, and Debbie Orca sit around a fire in the homeless camp where they live during record breaking cold and snow in Oklahoma City, Oklahoma on February 16, 2021. Nick Oxford | The Washington Post | Getty Images The major winter storm that’s swept across the South this […]
How the Texas power grid failed and what could stop it from happening again
Karla Perez and Esperanza Gonzalez warm up by a barbecue grill during power outage caused by the winter storm on February 16, 2021 in Houston, Texas. Winter storm Uri has brought historic cold weather, power outages and traffic accidents to Texas as storms have swept across 26 states with a […]
Fed officials see economy ‘far from’ where it needs to be, meaning easy policy won’t change soon, minutes show
Federal Open Market Committee members at their most recent gathering reaffirmed that the central bank will be keeping policy loose well into the future, according to meeting minutes released Wednesday. With the economy continuing to shake off the effects from the Covid-19 pandemic, the committee, which sets monetary policy for […]
Cathie Wood says her confidence is growing in Tesla, Ark Invest has been adding to position
Cathie Wood said Ark Invest is still bullish on Tesla and continues to buy up shares of the electric car maker. “Our confidence in Tesla has grown as we’ve done research on what ride-sharing potentially could add. It could limit the risks significantly, it’s a much more profitable business than […]
Facebook will ban Australian users from sharing or viewing news
Facebook Chairman and CEO Mark Zuckerberg arrives to testify before the House Financial Services Committee on “An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors” in the Rayburn House Office Building in Washington, DC on October 23, 2019. Mandel Ngan | AFP | Getty Images […]