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Miners spend an average of $15,000 to produce each coin, JPMorgan estimates. Dreamstime Text size The plummeting price of Bitcoin could force crypto miners to sell the tokens to fund operations, further pressuring the digital currency. In good times, crypto mining firms and Bitcoin’s price are locked in a virtuous cycle. The miners own giant … Read More “Bitcoin Prices Could Fall Further as Crypto Miners Struggle” »
Text size Miners spend an average of $15,000 to produce each coin, JPMorgan estimates. Dreamstime The plummeting price of Bitcoin could force crypto miners to sell the tokens to fund operations, further pressuring the digital currency. In good times, crypto mining firms and Bitcoin’s price are locked in a virtuous cycle. The miners own giant … Read More “Bitcoin’s Next Headwind: Struggling Crypto Miners” »
A little more judging by stock futures reaction this morning. Thank China for some of that as the country announced the biggest easing in COVID travel requirements since about March 2020. China’s news may add to the sense that inflation has peaked, given the supply constraints that the lockdown there has produced. That brings us … Read More “Oaktree’s Howard Marks is finding bargains. ‘I am starting to behave aggressively,’ he says” »
eBay stock was falling after an analyst downgrade. Sean Gallup/Getty Images Text size The stock market was trying to put Monday’s small loss behind it, with S&P 500 futures up 0.6% Tuesday morning. Here are some of the stocks making moves in premarket trading. Bank stocks gained as some of Wall Street’s biggest players announced … Read More “Stocks on the Move: Snowflake, eBay, Qualcomm, Riot Blockchain” »
Text size Shares in Coinbase have collapsed in 2022 amid a crypto trading slowdown. Tiffany Hagler-Geard/Bloomberg Shares in cryptocurrency exchange Coinbase Global tumbled on Monday after Goldman Sachs downgraded the stock to Sell from Neutral, citing the likelihood that revenue declines will accelerate in the second half of the year. Goldman slashed its price target … Read More “Coinbase Tumbles as the Bear Case Builds. Goldman Sachs Says Sell the Stock.” »
Robinhood stock was falling Monday morning after getting downgraded at Goldman Sachs. Justin Sullivan/Getty Images Text size The stock market continues to bounce back following the S&P 500’s best week since 2020. Here are stocks making moves Monday morning: Bed Bath & Beyond (BBBY) has dipped 0.3% after getting cut to Neutral from Buy at … Read More “Stocks on the Move This Morning: Tesla, Coinbase, Robinhood, Spirit” »
The nosedive in cryptocurrencies and nonfungible tokens peppered conversations, panels and events at NFT.NYC, a four-day event last week focused on the virtual baubles. Marketers seemed unwavering in their zeal for NFTs. The price of crypto is down—by an estimated $2 trillion since November—and high prices for NFTs have faded. Most NFTs are purchased using … Read More “Marketers at NFT.NYC Upbeat on Brand-Building in the Metaverse” »
Text size Bitcoin is trading at less than one-third its all-time high from November 2021. Dreamstime Bitcoin and other cryptocurrencies were steadying on Monday, holding firmly above the depths reached amid a deep selloff over the past two weeks but still under pressure. The price of Bitcoin was trading just above flat over the past … Read More “Bitcoin ‘Remains in the Danger Zone’ as Cryptos Steady. Where It Could Go Next.” »
Text size Meta’s new logo. Justin Sullivan/Getty Images FTSE Russell will rebalance its widely followed U.S. indexes after Friday’s close, and major changes are afoot following a volatile few months in the stock market. There is some $11 trillion benchmarked to Russell’s U.S. indexes, so their composition certainly matters. Perhaps most notable will be the … Read More “Russell Rebalancing: Meta, Zoom, and Netflix Will Soon Count as Value Stocks” »
Text size The Bitcoin Strategy ETF topped $1 billion in assets within two days. Dreamstime Investors will soon have a new tool for betting against Bitcoin, but they better make sure they are prepared for the risks. ProShares said it will launch on Tuesday a short-Bitcoin futures exchange-traded fund, called Short Bitcoin Strategy. The ETF, … Read More “There’s a New Way to Bet Bitcoin Will Fall. Be Careful.” »
