Bitcoin surpassed $19,000 for the first time since Nov. 8, when FTX had a tentative deal to sell to Binance. The biggest cryptocurrency rose more than 8% over the past day. Traditional markets a...
Tag: Markets
American Airlines hikes revenue estimates after strong Q4
American Airlines shares surged Thursday after the carrier hiked its revenue and profit estimates for the fourth quarter thanks to strong demand and high fares. American stock gained nearly 10% to $16...
Crypto players lament sputtering OTC trading as mistrust flourishes post-FTX
The crypto OTC market is sputtering, and that has otherwise high-spirited crypto enthusiasts bummed out. Amid a dramatic backdrop of snow-capped mountains in the Swiss Alps, crypto investors lam...
Bitcoin approaches $19,000, rises 8% following inflation data
Cryptocurrency prices are surging following the U.S. inflation report and crypto-related stocks were mostly higher. Bitcoin was trading at $18,677 at 1:30 p.m. EST, up 8% over the past 24 hours...
Trump’s NFT Prize Collection Surfaces on Secondary Markets, Generates $53K in 24-Hour Sales – Bitcoin News
Following the launch of Donald Trump’s non-fungible token (NFT) card collection, winners of the Trump-themed prizes are selling prize NFTs on secondary NFT marketplaces such as Opensea. The Polygon-mi...
Crypto Analyst Says Today ‘Feels Like a Significant Moment’ for Markets, Breaks Down Bitcoin and US Dollar Index
A widely followed crypto trader says he feels the markets are facing a “significant” moment with the US dollar signaling weakness. Crypto strategist Justin Bennett tells his 111,700 Twitter followers ...
Nelson Peltz talks Disney proxy fight, slams Fox deal
Disney is facing a proxy fight as Nelson Peltz’s activist firm Trian Fund Management pushes for a seat on its board. Peltz spoke Thursday on CNBC’s “Squawk on the Street,” maki...
Why Mounting Jitters Of A Recession May Hamper Crypto Market’s Recovery
The crypto market has been on a roll recently as it rallied with Bitcoin and Ethereum leading the charge. As a result of this, total market capitalization rose by 14% since the start of the year. Wit...
Jim Cramer’s Investing Club meeting Thursday: December CPI, Disney
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. December CPI lifts stocks...
Bitcoin above $18,000 as US inflation slows in December
Inflation in the U.S. increased by 6.5% year-on-year in December and decreased by 0.1% month-on-month. Cryptocurrencies and traditional stock markets were buoyed as CPI data met estimates. Bitc...
Flight disruptions ease after FAA outage, officials to investigate
Travelers as flights are cancelled at Ronald Reagan National Airport (DCA) in Arlington, Virginia, US, on Wednesday, Jan. 11, 2023. Nathan Howard | Bloomberg | Getty Images Air travel disruptions ease...
Chinese hospital says half of its staff got Covid
Locals line up for medical treatment at the Beijing Hospital of Traditional Chinese Medicine on June 1, 2022. CFOTO | Future Publishing | Getty Images BEIJING — About half of the nearly 2,000 workers ...
BREAKING: US inflation at 6.5%, what does it mean for markets?
US inflation 6.5%, what does it mean for markets? The most important number in finance, the US CPI number reporting on the latest bout of inflation, was released Thursday. The headline number landed a...
Stocks making biggest moves premarket: Disney, Logitech and more
In this photo illustration the Disney+ logo seen displayed on a smartphone screen. SOPA Images | LightRocket | Getty Images Check out the companies making headlines in premarket trading. Disney – Disn...
Taiwan Semiconductor Braces for Downturn Despite Record Profit
Taiwan Semiconductor Manufacturing has reported a record net profit and beat analysts’ expectations for its fourth quarter but warned of waning demand in 2023. Taiwan Semiconductor (ticker: TSM), the...
China Is Opening Fast. Don’t Miss the Rebound for Stocks.
Chinese authorities’ abrupt pivot away from zero-Covid policies has been matched by the quick shift in investor sentiment about Chinese stocks from the bearishness of the past year. As the world’s sec...
Stocks Climb With All Eyes on US Inflation Report: Markets Wrap
(Bloomberg) — Stocks in Europe and Asia gained as traders wagered that US inflation is cooling, reducing pressure for aggressive rate hikes from the Federal Reserve. Most Read from Bloomberg The...
Bitcoin jumps above $18,000 to highest level in a month
Cemile Bingol | Digitalvision Vectors | Getty Images Bitcoin on Thursday surged to its highest price in nearly a month, as traders bet on an U.S. inflation cooldown and digest news that lawyers for de...
Alkimiya raises $7.2 million to build ‘decentralized capital markets for blockspace’
Alkimiya raised $7.2 million to “build decentralized capital markets for blockspace” in a round led by 1kx and Castle Island Ventures. The round for the protocol, which closed in Nov...
Home prices to tumble over 25% from peak levels in ‘overheated’ markets, says Goldman
Credit researchers at Goldman Sachs now expect home prices in several “overheated” metro areas to fall over 25% from peak levels. Metro areas included in their forecast were San Jose, Austin, Phoenix ...
Jim Cramer likes these 5 ‘reasonably’ valued stocks in the S&P 500
CNBC’s Jim Cramer on Wednesday offered investors a list of stocks that he believes could be great additions to portfolios. “We only want … stocks if they’re reasonably valued because...
Charts suggest the market could rally for the next couple of months, Jim Cramer says
CNBC’s Jim Cramer on Wednesday said that the markets’ recent gains could become a sustained rally. “The charts, as interpreted by Larry Williams … suggest that the market could have ...
Disney opposes Nelson Peltz push to join board, names Mark Parker chairman
The Walt Disney Company on Wednesday afternoon said it opposes activist investor Nelson Peltz’s attempt to join its board. Disney also named Mark Parker, the executive chairman of Nike, its next...
FAA system outage disrupts thousands of flights across U.S.
Thousands of flights across the U.S. were delayed Wednesday after a Federal Aviation Administration pilot-alert system failed overnight, prompting a nationwide halt to departures. The FAA lifted the g...
Jim Cramer explains why the December CPI number is a ‘big deal’
CNBC’s Jim Cramer on Wednesday broke down the significance of the December consumer price index report for investors. “What makes tomorrow’s consumer price index number a big deal? S...
Burning Man sues Biden administration over geothermal project
A bagpipe player and a belly dancer on stilts, participants in the “Burning Man” festival, cross a section of the Black Rock Desert in Nevada. Mike Nelson | AFP | Getty Images Organizers o...
ABL Space inaugural launch fails, damages Alaska launch pad
The company’s RS1 rocket lifts off on its inaugural launch attempt from Kodiak, Alaska on Jan. 10, 2023. ABL Space The first mission by ABL Space got off the ground on Tuesday, but the company&#...
Why Thursday’s U.S. CPI report might kill stock market’s hope of inflation melting away
A mild stock market rally to kick off the new year will be put to the test Thursday when investors face a highly-awaited U.S. inflation reading which could well help determine the size of the Federal ...
Recession-Proof Products To Buff Your Portfolio
Getty Images Key takeaways As recession fears mount and interest rates rise, investors are increasingly worried about how a downturn could hit their portfolios One of the worst moves investors can mak...