U.S. futures point to a solid open on Friday as investors look to snap a three-day S&P 500 slump. Read More
Tag: Bitcoin
AMA: Reddit, Robinhood and ‘Roaring Kitty’ to face a grilling today for the GameStop ‘stonk’ frenzy
U.S. futures are stuck in the red ahead of today’s big hearing in Washington. Read More
The stocks rally takes a breather as Bitcoin and crude futures climb
U.S. futures point to a weak open. Read More
Bitcoin’s price rises to $50,000 as mainstream institutions hop on
Enlarge (credit: Karen Bleier/AFP/Getty Images) The price of one bitcoin briefly rose above $50,000 on Tuesday morning to set a new record. By noon Eastern Time, the price had fallen to around $48,500. Bitcoin’s price is now far above the previous peak of $19,500 reached in December 2017. Bitcoin’s value has risen by almost 70 […]
There’s something weird going on in today’s oil rally
WTI futures have topped $60 a barrel, a 12-month high.
After hitting all-time highs, stocks and Bitcoin head in opposite directions
U.S. futures point to a weak open on Friday as the stocks rally takes a breather.
Mastercard will support cryptocurrencies—but not the ones you think
Enlarge (credit: Omar Marques/SOPA Images/LightRocket via Getty Images) Mastercard said on Wednesday that it’s planning to support cryptocurrencies natively on its network. If this actually happens, it will be a big deal, helping to further legitimize virtual currencies and dramatically expand the market for their use. However, Mastercard says that it’s only going to support […]
Move over Bitcoin—SPAC mania has overtaken the markets
Good morning. U.S. futures are nudging higher ahead of today’s jobless-claims data dump. Why should investors care about something as mundane as jobs? Answer: because the U.S. labor market is a “long way” from healthy, says Fed Chairman Jerome Powell, and that weakness will hamstring the central bank’s monetary policy going forward. But never mind […]
The TINA trade is pushing stocks into record territory. What’s the TINA trade?
This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the markets. Sign up to receive it in your inbox here. Buongiorno. Global stocks are heading back to record territory this morning, and U.S. futures too are rebounding on another solid run of earnings from the likes of Twitter and Lyft yesterday. […]
Bitcoin $50K? With Tesla now on board, crypto bulls say the sky’s the limit
This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the markets. Sign up to receive it in your inbox here. Good morning, Bull Sheeters. European stocks and U.S. futures are flat on Tuesday, putting the S&P 500’s six-day rally in jeopardy as we head into a big day of impeachment hearings […]