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Elon Musk has renewed his rivalry with Jeff Bezos. The Tesla CEO wants Amazon to be broken up, stating that “monopolies are wrong”. Musk is starting to sound like Bernie Sanders, but don’t let him fool you. Weeks after openly siding with conservatives about reopening the U.S. economy,
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The Dow Jones recorded another banner day, rallying close to 500 points on Wednesday. China, Europe, and the United States are all showing evidence of a V-shaped recovery. Dow giant Boeing was a significant boost to the U.S. stock market with an incredible 12% rally. Wednesday brought a third straight day of gains
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After gaining as much as 1.5%, the S&P 500 Index turned negative Wednesday morning. The technology-heavy Nasdaq Composite Index plunged 2%. FAANG stocks are down across the board. U.S. stocks turned negative Wednesday morning, weighed down by plunging technology shares and negative virus headlines. S&P 500, Nasdaq Decline; Dow
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The U.S. housing market is unexpectedly vibrant, given the economic fallout of the coronavirus. Redfin data shows bidding wars are surprisingly commonplace. Here are the real reasons why real estate looks so hot. Real estate brokerage Redfin published some astonishing housing market data this week. Not only has the
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Bitcoin (BTC) price dropped nearly $200 in minutes on April 10 to slide below $7,000 for the first time in four days.Data from Coin360 and Cointelegraph Markets showed BTC/USD now dropping below the tight $400 corridor between $7,100 and $7,410 where it had stayed for most of the week.The
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The Dow Jones Industrial Average (DJIA) surged after the Federal Reserve executed an emergency interest rate cut. But after suddenly pivoting higher, the stock market quickly erased its session gains. Here’s what’s driving the stock market’s volatile day. Despite securing a historic rally yesterday, the Dow Jones Industrial Average
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Gold’s price posted its biggest single-day slide since 2013. The yellow metal bottomed at $1,564.00/oz., wiping out more than two weeks’ worth of gains. The selloff was triggered by fears that coronavirus will impact demand for raw materials as economic growth grinds to a halt. Steep declines in stocks
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The Dow Jones Industrial Average (DJIA) looked set to rebound from yesterday’s devastating crash. But after rallying nearly 200 points, the index lurched back into decline. Here’s why the stock market suddenly plunged back into crash mode. After yesterday’s 1,000 point Dow Jones Industrial Average (DJIA) rout, stock market
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The crypto space can be highly volatile for traders, and over the years, Bitcoin (BTC) has proven to be among the more volatile cryptocurrencies. Over the past few days, the world’s biggest cryptocurrency by market cap had managed to make a comeback of sorts, but the volatility returned once again
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The Dow Jones Industrial Average suddenly crashed 400 points off its session high. Analysts and traders are baffled by the sharp move lower. Tech stocks suffered the brunt of the damage. A quiet day for the Dow Jones Industrial Average (DJIA) turned into a near-bloodbath on Thursday as the U.S. stock market pivoted
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