Bitcoin was modestly lower early Saturday following the so-called halving, an event that sharply cut the issuance of the world’s largest cryptocurrency. The price of Bitcoin has fallen 1.3% to $63,676 over the past 24 hours, holding above $60,000 that it traded at earlier this week amid worries over inflation and the outlook for interest
AT&T reaffirmed plans to invest heavily into expanding its fiber networks in an update to shareholders on Monday. “The company remains focused on building vital, high-performance network infrastructure for both mobile and fiber networks,” AT&T said in the update. To support these efforts, AT&T continues to expect capital investment in 2024 if between $21 billion
Spirit Airlines came out fighting Friday as it looked to reassure investors with improved guidance and steps it has taken to shore up liquidity. The company also said it was assessing options to refinance 2025 debt maturities, which credit ratings agency Fitch described as a “significant refinancing risk” earlier this week. Shares of Spirit Airlines
Google-parent Alphabet is set to cut more jobs in order to make space for investment in artificial intelligence. Alphabet CEO Sundar Pichai said some teams would need to eliminate roles in order to “create the capacity” for investment in promising areas such as artificial-intelligence, CNBC reported, citing an internal memo. That could be… Google-parent Alphabet
Bitcoin and other cryptocurrencies were falling Wednesday. The crypto sector was giving back gains after a sharp rally to start the year but some analysts see reasons for continued strength. Bitcoin has fallen 0.6% to $45,372 over the last 24 hours. The largest cryptocurrency broke through $45,000 for the first time in more than a year
Bitcoin and other cryptocurrencies were gaining strongly on Tuesday, with the crypto sector kicking off 2024 with a broad-based rally amid expectations that approval of Bitcoin exchange-traded funds will come as soon as this week. Bitcoin has jumped 7.4% to $45,668 over the last 24 hours. The largest cryptocurrency climbed past the $45,000 level for
Coinbase Global and MicroStrategy were leading a raft of cryptocurrency-related stocks higher on Wednesday. The companies were among those being boosted by Bitcoin’s rally and MicroStrategy pouring more money into the asset. Coinbase shares were up 6.1% at $182.53. The cryptocurrency exchange is trading at its highest levels since early 2022 and has outpaced the
Bitcoin and other cryptocurrencies were mixed Wednesday as traders took stock of the recent rally, and appeared to be waiting for more catalysts ahead of expected regulatory approval of exchange-traded funds that hold Bitcoin. Bitcoin has traded up 0.4% over the last 24 hours to $42,726. The largest cryptocurrency has largely traded in a range