Bitcoin climbed above $13,000 Wednesday afternoon after topping $12,000 Tuesday night. The digital currency’s gains accelerated after crossing the psychologically key level. Bitcoin last traded 12.5 percent higher to a record high of $13,158.99, according to CoinDesk. Bitcoin now has a market value of about $220 billion, putting it into […]
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Mom-and-pop investors set to drive ‘the last phase of the bull market’
Increased commitment from mom-and-pop investors has some Wall Street market pros wondering whether the bull market is showing its age. Retail participation is considered a classic late-stage sign of a market rally — the capitulation of the last bears is generally indicative that there’s not much money left to be […]
Square’s in a bear market, but here’s why the charts suggest it’s still a buy
Square is trading in a bear market, but if the charts are any indication, now could be the perfect time to buy the high-flying payment stock. Shares of Square rallied more than 4 percent Wednesday morning after CEO Jack Dorsey tweeted that bitcoin is coming to “a lot more” users […]
9 over-the-top gifts for the millionaire who has everything
Volkan Furuncu | Anadolu Agency | Getty Images People in Times Square take part in New Year celebrations on January 01, 2017. Price: $1.2 millionBuy now: A private New Year’s Eve party for 300 above Times Square Nowhere does New Year’s Eve as big as New York City. Give the […]
The mystery behind low volatility may just have been solved, says Credit Suisse
It’s one of the most common questions on Wall Street: Where has all the volatility gone? Between D.C. drama, geopolitical uncertainty surrounding North Korea and President Donald Trump’s tweets, investors have had ample reasons to hit the sell button. But 2017 is shaping up to be one of the least […]
How Melinda Gates used computer science to help solve this major issue in tech
While philanthropist Melinda Gates spends much of her time working with the Bill and Melinda Gates Foundation on ways to resolve and prevent global health crises, she has also brought attention to the lack of women and minorities in the industry where she started her professional career: technology. “Innovation happens […]
Bitcoin breaks above $12,000 for the first time
Bitcoin broke above the $12,000 mark Wednesday morning Asia-time, as the cryptocurrency continued its march higher. As of 10:41 a.m. SIN/HK, the digital token was selling for $12,123.98, according to industry site CoinDesk. The asset began 2017 at less than $1,000 per token, but it has been on an absolute […]
Stocks are still in for bumpy times, but Santa could save the day
Stocks could see more bumpy trading ahead, after the S&P 500 and Nasdaq each suffered their first three-day string of losses since August. But the seasonal tailwinds of December could take over and send stocks higher after more rocky trading, technicians and strategists say. “When you have a reversal like […]
CEOs don’t expect to hire more, even as they expect sales to grow
Optimism abounds in the most recent measure of how CEOs view the economy, according to the Business Roundtable. Despite the cheery outlook, more business leaders now see labor as the greatest cost facing their companies. This is the first time in 24 quarters that CEOs identified labor costs, rather than […]
3 books Tim Ferriss says he regularly gives as gifts
As a New York Times bestselling author and entrepreneur, Tim Ferriss is known for inspiring and motivating people to succeed. His latest book, “Tribe of Mentors” provides readers with quick advice from some of the most successful people in the world, including Arianna Huffington, Marc Benioff and Maria Sharapova. His […]