It was October 2008. Few witnessed the appearance of a whitepaper written by Satoshi Nakamoto. In that document he presented his idea, which he called Bitcoin (BTC). At that time the question arose: What is a Satoshi? Although the name was taken from its creator, a Satoshi is the smallest part […]
Financial
El Salvador’s bitcoin move puts best, worst crypto impulses on display: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, September 8, 2021 A country’s embrace of bitcoin puts 2 competing crypto visions on display Tuesday marked what one observer called the “start […]
Investors are ignoring the parallels between stocks today and ‘heady’ years of 1929, 1999 and 2007. Do this next, says strategist.
Post Labor Day sees investors returning to the S&P 500 SPX, -0.77% near all-time highs and some dark economic shadows lurking. Chiefly in the worry corner is Friday’s weak jobs data, which comes against backdrop of higher prices, leading to whispers of dreaded stagflation. Supply chain problems being created by […]
Apple stock is up ahead of the iPhone 13 reveal
Investors are nibbling at Apple (AAPL) ahead of a potentially big September. Apple shares were among the top trending tickers on the Yahoo Finance platform on Tuesday, notching a gain of about 2% by afternoon trading. It closed Tuesday at $156.69, up 1.55%. The stock has rallied to the tune […]
Stocks may fall 15% by year-end, warns Morgan Stanley. Here are some portfolio moves investors might consider.
Morgan Stanley’s optimistic view of the economy isn’t keeping it from warning about a looming correction in the U.S. stock market. “The issue is that the markets are priced for perfection and vulnerable, especially since there hasn’t been a correction greater than 10% since the March 2020 low,” said Lisa […]
3 major companies just fired a warning shot at stock market bulls
Despite investment banks such as Morgan Stanley and Credit Suisse recently cutting their U.S. equity outlooks, one would be hard-pressed to not find bulls continuing to outnumber bears on Wall Street. Chat up any strategist on the Street and most are apt to play down the impact of the Delta […]
Stocks struggle amid Delta variant, economy concerns
Stocks fell on Wednesday in directionless trade, extending he previous day’s declines as rising COVID-19 infections momentarily upended expectations about growth. In Tuesday’s regular session, the Dow Jones Industrial Average and S&P 500 Index lost ground, but the technology-laced Nasdaq bucked the trend by posting a marginal gain. The market […]
‘Here comes the worst month of the year’: strategist
“Here comes the worst month of year,” warns one market strategist. “Although this bull market has laughed at nearly all the worry signs in 2021, let’s not forget that September is historically the worst month of the year for stocks,” says LPL Financial chief market strategist Ryan Detrick. “Even last […]
Taliban celebrates victory as Afghans face bank runs and food shortages
Afghanistan updates Sign up to myFT Daily Digest to be the first to know about Afghanistan news. As Taliban fighters celebrated the departure of US troops from Afghanistan, Aalia, a 40-year-old high school teacher, was outside a bank trying to get cash to buy groceries. Banks have been mostly closed […]
Elizabeth Holmes criminal fraud case starts today with jury selection
Jury selection begins today in the criminal case against Theranos founder Elizabeth Holmes, who’s accused of defrauding investors and patients through her once-hyped blood-testing startup. Prosecutors and lawyers for Holmes will have to narrow a pool of nearly 200 prospective jurors to 12 who will decide her fate in a […]
‘Egregiously mishandled’: Afghanistan chaos dents Biden’s popularity
Joe Biden has put the bravest face possible on the bloody and chaotic US withdrawal from Afghanistan, defending his move to end a 20-year conflict that dogged three of his predecessors as an act of political courage. “I believe this is the right decision, a wise decision, and the best […]
Stocks end mixed as technology shares outperform; Nasdaq gains 0.3% to set record high
Stocks were mixed on Wednesday, with the major equity indexes beginning September trading near all-time highs. Technology stocks outperformed, and the Nasdaq jumped to a fresh record level. The S&P 500 and Dow each ended little changed. U.S. crude oil prices dipped to hover around $68 per barrel following an […]
Afghanistan ‘is not an opportunity for China, it’s a problem’: Ian Bremmer
In the immediate aftermath of Afghanistan’s collapse at the hands of the Taliban, China wasted no time in capitalizing on what it viewed as a public relations win. China’s Foreign Ministry called the chaotic end to U.S. presence, “a lesson in reckless military adventures,” and issued a statement, calling for […]
Snowflake (NYSE:SNOW) Needs to Prove the Doubters Wrong on Growth when Second Quarter Results are Released
This article originally appeared on Simply Wall St News Snowflake Inc. (NYSE:SNOW) is due to report second quarter financial results tomorrow. The stock price dropped sharply last week after research firm Cleveland Research issued a bearish report on the stock . Although the share price has recovered last week’s losses, […]