Bitcoin broke through $50,000 to start the week and although a stubbornly high inflation reading has pulled it lower since, the cryptocurrency is still in safe territory, according to chart analysts. On Monday, the cryptocurrency finished above $50,000, at one point rising to $50,334.00, its highest level since December 2021. Technical analysts had expected this
Stock market investors on Wall Street in the week ahead will be watching key economic data including consumer price index, producer price index and industrial production report. Apart from the US economic data, some key earnings including Coca-Cola, Shopify, Cisco, and Sony will also be the focus of the investors. Economic events On February 13,
A pedestrian walks past a sign for Aozora Bank Ltd. at the company’s headquarters in Tokyo, Japan, on Friday, May 14, 2010. Tomohiro Ohsumi | Bloomberg | Getty Images Shares of Aozora Bank tumbled to their lowest level in eight months Thursday after the Japanese bank warned of a fiscal-year net loss due to its exposure
A pedestrian speaks on a mobile phone as he watches a digital screen relaying the budget speech by Indian Finance Minister Nirmala Sitharaman on the facade of the Bombay Stock Exchange (BSE) in Mumbai on February 1, 2021. PUNIT PARANJPE | AFP via Getty Images In a report released Monday, the finance ministry said the
The major focus of the stock market investors on Wall Street in the week ahead will be on the US Federal Reserve’s monetary policy meeting scheduled for January 30-31 and chairman Jerome Powell’s subsequent press conference. The US central bank is widely expected to keep interest rates unchanged, but investors and traders will look for
As the market picks up steam this month, led by gains in technology names, some hedge funds are betting against a handful of retailers and auto companies. The S & P 500 , which crossed another bull market threshold on Jan. 19, has continued to climb for the past six trading sessions alongside the Nasdaq
CNBC’s Jim Cramer on Thursday said the market’s had a significant run, and it may be time to ring the register. One of Cramer’s core tenets is to never be greedy and take profits when you can. He suggested it may be time to take some shares off the table in part because the Federal
On Wall Street in the week ahead, stock market investors’ major focus will be on the economic growth indicators such as pace of inflation, manufacturing PMI and the economy. In addition, investors will also be watching key earnings that include Tesla, Netflix, American Airlines, Abbott Laboratories, and IBM. On January 24, data for January on
Investors are continuing to pour cash into money market funds, thanks to their juicy 5% yields. The funds saw cumulative inflows of $163 billion in the first two weeks of 2024, their strongest start to a year on record, according to Bank of America. “It is bucking the trend at this point from what normally
On Wall Street in the week ahead, investors will eye quarterly earnings reports and the energy market as the Middle East tensions could spark a further rise in oil prices. Last week, oil prices climbed after US and British airstrikes in Houthi-controlled areas of Yemen added to the ongoing tensions in the Middle East. Investors