Latest Market News

May 08
Bitcoin clings to $36K as data suggests BTC price sell-off came from short-term holders

Bitcoin (BTC) found a new home at $36,000 into May 7 as volatility finally cooled into the weekend.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Terra down at least $250 million in crunch Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling the $36,000 mark overnight after losing 12% in just 72 hours. Still near […]

May 08
For the crypto industry, supporting sanctions is an opportunity to rebrand

One of the first punitive measures leveled against Russia in response to the military invasion of Ukraine was the implementation of economic sanctions aimed at isolating the country from the international financial system. On March 12, Russian banks lost access to the international payments and messaging network SWIFT, and private sector payment companies, such as […]

May 08
All 30 Dow stocks fall, with Home Depot and UnitedHealth stocks the biggest point drags

The 1,000-point plunge in the Dow Jones Industrial Average DJIA, -0.30% is unanimous, with all 30 components losing ground. The biggest drags on the Dow were shares of Home Depot Inc. HD, -1.60%, which tumbled $14.97 (4.8%), and UnitedHealth Group Inc. INC, -0.56%, which dropped $14.18 (2.8%), to shave about a combined 192 points off […]

May 08
Boeing to move headquarters to Washington, D.C., area from Chicago: report

Boeing Co. BA, -1.04% executives are planning to move the aerospace company’s headquarters to Arlington, Va., from Chicago, the Wall Street Journal reported Thursday, citing people described as familiar with the matter. The move could be announced as soon as next week, the Journal said. Boeing did not immediately return a request for comment. The […]

May 08
Bitcoin drops to lowest level in over two months, as Dow plunges more than 1,000 points

Bitcoin BTCUSD, -3.60% plunged more than 5% Thursday to the lowest level since Feb. 22, amid broad sell-offs in stock markets. The cryptocurrency dropped to as low as $36,639 Thursday, according to CoinDesk data. It was trading midday New York time at around $36,933, down 5.5% over the past 24 hours. The Dow Jones Industrial […]

May 08
Novartis suspends delivery of cancer treatment as it address potential production issues

The U.S.-listed shares of Novartis AG NVS, -0.45% NOVN, -0.66% fell 2.6% in afternoon trading Thursday, after the Switzerland-based drug maker said it was “temporarily” suspending delivery of its cancer treatments Lutathera and Pluvicto in the U.S., as part of a quality review of its production sites in Millburn, New Jersey and Ivrea, Italy. The […]