Bitcoin, the world’s biggest and best-known cryptocurrency, was up more than 16% from this year’s low of $17,592.78 on June 18, when it tumbled on…
View More Bitcoin recovers, climbs as much as 7.6% to pass $20,400
Tag: investing
Russia has defaulted on its foreign debt, says S&P
Russia attempted to pay in rubles for two dollar-denominated bonds that matured on April 4, S&P said in a note on Friday. The agency said…
View More Russia has defaulted on its foreign debt, says S&P
Bitcoin tumbles as cryptocurrencies continue their downward slide
Bitcoin has fallen over 7% in the last 24 hours, and was trading at $39,097 as of 3:00 am ET, according to CoinDesk. The world’s…
View More Bitcoin tumbles as cryptocurrencies continue their downward slide
Analysis: Evergrande’s billionaire founder has been bailing out the business. That can’t continue
The embattled conglomerate has become the poster child of China’s property crisis. Fears that the real estate developer could default and spark a contagion effect…
View More Analysis: Evergrande’s billionaire founder has been bailing out the business. That can’t continue
GE is splitting into three companies
GE will become separate publicly traded companies for its aviation, healthcare and energy businesses. The company said it hopes to spin off the healthcare business…
View More GE is splitting into three companies
The era of free money is ending
What’s happening: The US Federal Reserve said Wednesday that it will begin to reduce asset purchases, a key part of its stimulus efforts, by $15…
View More The era of free money is ending
Apple sounds a $6 billion holiday season warning
What’s happening: The most valuable US company said after markets closed that chip shortages and manufacturing disruptions tied to Covid-19 slashed $6 billion off its…
View More Apple sounds a $6 billion holiday season warning
The first bitcoin ETF finally begins trading
The ProShares Bitcoin Strategy ETF began trading at $40 a share under the ticker symbol “BITO” and quickly rose about 3%. The ProShares fund is…
View More The first bitcoin ETF finally begins trading
How America ruined Christmas
Although the pandemic lit the match, the United States has been setting up this bonfire of supply chain failures for years. The government has drastically…
View More How America ruined Christmas
Bitcoin plummets after China intensifies cryptocurrency crackdown
Chinese government agencies including the country’s securities regulator and the People’s Bank of China (PBOC) said in a statement on Friday that all cryptocurrency-related business…
View More Bitcoin plummets after China intensifies cryptocurrency crackdown
Bitcoin plummets as global selloff continues
The digital currency has dropped 5.7% in the last 24 hours, and was trading at $42,955 per coin as of 2:43 am ET on Tuesday,…
View More Bitcoin plummets as global selloff continues
5 things to know about Evergrande, the Chinese giant in crisis
Here’s what you need to know about Evergrande, and how it got to where it is now. Listed in Hong Kong and based in the…
View More 5 things to know about Evergrande, the Chinese giant in crisis