Technology stocks have kicked off the year with a roar, staging the kind of spirited, widespread rally last seen during the market’s Covid-era surge. There are nearly two dozen tech tickers on my scre...
Tag: Financial Technology
Fed rejects crypto bank’s application to join U.S. payment system
The Federal Reserve Board on Friday rejected a Wyoming-based crypto-centric bank’s application to become a member of the central bank’s exclusive payment system. In a press release, the Fed said the f...
‘Timing couldn’t be worse’: Inflation is easing, but more people are using credit cards for unexpected expenses — and the next Fed meeting will raise borrowing costs
A record number of people say they would need to pay for an unplanned $1,000 expense by using their credit card, according to a new survey showing the burden of high prices even as inflation rates ebb...
Where Are Stocks, Bonds and Crypto Headed Next? Five Investors Look Into Crystal Ball
A new trading year kicked off just weeks ago. Already it bears little resemblance to the carnage of 2022. After languishing throughout last year, growth stocks have zoomed higher. Tesla Inc. and Nvidi...
American Express stock climbs after dividend boost, upbeat earnings forecast
American Express Co. exceeded $50 billion in annual revenue last year for the first time, buoyed by continued strong spending levels among its customer base. While the card giant came up short of prof...
Bitcoin’s Rally Is Built on Low Trading Volume. That Adds to the Risks.
Bitcoin has rocketed 37% since the start of the year, completely erasing its losses after the demise of the cryptocurrency trading platform FTX. But there is ample reason investors shouldn’t chase the...
Tesla, AT&T, Visa, Chevron, Microsoft, and More Stocks to Watch This Week
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Bitcoin soars past $23,000 to highest since last September
Bitcoin BTCUSD, +0.59% soared past $23,000 on Saturday, its highest level since September, as the crypto currency market recovered some ground in early 2023. The rally came despite news on Thursday th...
Tesla, AT&T, Visa, Chevron, Microsoft, and More Stocks for Investors to Watch This Week
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Capital One Job Cuts Signal Trouble for IT Labor Market
IT positions have largely been seen as insulated from the job cuts that have hit workers at major technology firms like Alphabet Inc. and Microsoft Corp., but the Capital One layoffs affecting 1,100 e...
‘Bitcoin is a hyped-up fraud, it’s a pet rock’: says JP Morgan CEO Jamie Dimon
““Bitcoin itself is a hyped-up fraud, it’s a pet rock.”” — Jamie Dimon, JP Morgan Chase CEO In an interview on Thursday morning on CNBC, billionaire Jamie Dimon, Chairman and chief executive of JP Mor...
PayPal’s ‘baggage’ sparks downgrade of its stock
The financial-technology category is “better positioned” than many other pockets of tech to post a strong 2023, according to an analyst, but some names could fare better than others. As SMBC Nikko Sec...
Coinbase Stock Is Soaring. It Might Be a Haven in a Wild Crypto Market.
Coinbase Global stock continued its winning streak on Tuesday, rising alongside the price of Bitcoin and on the back of a strong analyst endorsement. Coinbase (ticker: COIN) has already had a busy sta...
Former FTX US head denies participation in fraud involving the company
Brett Harrison, former head of the U.S. arm of FTX, distanced himself from the crypto exchange co-founded by Sam Bankman-Fried, which filed for bankruptcy back in November. Harrison, who resigned as F...
Bitcoin spikes above $21,000: is the crypto bear market over ?
Bitcoin, the largest cryptocurrency by market capitalization, spiked above the $21,000 mark on Saturday. The move has encouraged crypto investors who have been shaken by the collapse of several high-p...
Metropolitan Bank Is Fleeing Crypto. Bitcoin Investors Should Be Worried.
Metropolitan Bank Holding (ticker: MCB), one of the earliest banks to delve into digital assets, says it’s closing out the part of its business that catered to crypto firms. It’s a development that sh...
Coinbase, MicroStrategy and Other Crypto Stocks Fly. Why Gains Could Continue.
Shares in companies exposed to the cryptocurrency space tore higher on Monday. Many of these stocks are beaten down and widely bet against by traders, which means that gains could be accelerated throu...
6 value stock picks for 2023 from successful money managers
Following a down year for the stock market, there is no shortage of recession predictions for 2023, especially as the Federal Reserve has signaled it will continue to raise interest rates to fight inf...
Charlie Munger would be more bullish on bitcoin if he had time to study it, Michael Saylor says
“‘Charlie and the other critics, the members of the Western elite … are continually prodded for an opinion on bitcoin, and they haven’t had the time to study it.’” — Michael Saylor, co-founder and CEO...