Asian equities will see a choppy session on Friday, with the S&P 500 hitting a record high. Technology stocks lifted the index even as investors assessed an unexpected rise in filing new claims for unemployment benefits. On Thursday, U.S. jobless claims report showed a second straight weekly increase in the number of Americans filing for …
Asia Shares Set for Choppy Trading, S&P 500 Hits Record High Read More »
Bitcoin, the largest cryptocurrency by market value, started the week with a bullish sentiment. It is trading at $57,750. The crypto asset has grown by 4.91% in the last 24 hours. Today, the price of BTC has risen just over $3,000 since Reuters reported Visa’s decision to allow the use of the USDC stablecoin to settle transactions …
Bitcoin and Ethereum started the week with the bullish sentiment Read More »
Tesla CEO Elon Musk said that the electric vehicle maker is now accepting cryptocurrency as a payment option. Now, Tesla would be receiving payments with Bitcoin from American customers. Tesla first indicated its intention to start accepting Bitcoin for products in early February. After the purchase of the digital asset worth $1.5 billion, according to …
Tesla Is Accepting Bitcoin Payments from US Customers Read More »
Commodities’ prices from oil to corn increased to their highest levels in almost eight years. Investors’ appetite for commodities resulted from the US government stimulus measures plus interest rates near zero. It raised concerნs that these factors will generate inflation and depreciate the US dollar. The Bloomberg Commodity Spot Index, tracking price movements for 23 commodities, increased …
The price of gold has once again exceeded 1,750 dollars an ounce, its highest in the last two weeks. It resulted from Jerome Powell’s speech and the monetary policy measures adopted by the Federal Reserve. The central bank chairman has confirmed that, for the moment, there will be no increases in interest rates. The Fed …
Gold, at Two-Week Highs After the Fed Chairman’s Speech Read More »
Billions of Americans will receive a new stimulus check as part of a bill to alleviate the crisis that the pandemic generated. This is a total of $1.9 trillion signed by President Joe Biden last week. The third such stimulus check, worth $1,400 for those making less than $75,000 per year, comes as bitcoin and the stock …
10% of Americans Will Use Stimulus Checks to Buy Bitcoin Read More »
With the gradual rise in digital currency prices, Chinese mobile app company Meitu followed Tesla’s example of investing heavily in cryptocurrencies. The company itself confirmed this through a statement published on its website this Sunday. According to the note, Meitu purchased 15,000 ETH and 379.1214267 BTC last Friday, March 5. This purchase corresponded to about $22.1 million …
Chinese Meitu Follows Tesla and Buys $49 Million More in Bitcoin Read More »
The S&P 500 and Dow Jones Industrial Average both gained in travel stocks on Monday. Mass vaccinations in the United States and congressional approval of a $1.9 trillion aid bill have been sources of optimism for investors. The Federal Reserve should conclude its two-day policy meeting on Wednesday. Investors are focusing on it. Bond yields …
Asian Stocks and Wall Street Edge Higher Before Fed Meeting Read More »
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