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Market timer Tom McClellan, publisher of the McClellan Market Report, warned of a “sharp drop” in the stock market “beginning imminently” and continuing for a couple of weeks into January. Among reasons for his view, chart signals suggest the recent rally in the Dow Jones Industrial Average DJIA, -0.25% and S&P 500 SPX, -0.30% to […]
There’s little to smile about when it comes to institutional participation in Bitcoin at the end of the year, data shows. 6251 Total views 57 Total shares Bitcoin (BTC) institutional demand is conspicuously wanting at the end of the year as data flags the “underperformance” of the United States’ first Bitcoin futures exchange-traded fund (ETF). […]
U.S. stock indexes ended lower Thursday, with the Dow Jones Industrial Average snapping its winning streak before the final day of trading in 2021. The Dow DJIA, -0.25% fell around 0.3%, ending a stretch of six straight days of gains, while the S&P 500 SPX, -0.30% slipped 0.3% and the Nasdaq Composite COMP, -0.16% dipped […]
Corey Frayer has worked as a staff member of the Senate Banking Committee as well as a senior policy adviser for some members of the House Financial Services Committee. 2515 Total views 41 Total shares United States Securities and Exchange Commission (SEC) chair Gary Gensler has added a new staff member who will offer advice […]
With just one day to go in the year, Advanced Micro Devices Inc. AMD, -2.10% admitted Thursday that its acquisition of fellow semiconductor company Xilinx Inc. XLNX, -1.71% would not close by the end of 2021, but did say it expects the deal to be sealed early in the new year. In a joint, uncredited […]
Called “Sber — Blockchain Economy,” the ETF will trade under the ticker SBBE and track major crypto companies. 3330 Total views 46 Total shares Sber, the Russian government-backed company and the largest bank in the country, is launching a blockchain exchange-traded fund (ETF) to track the performance of major crypto companies, such as Coinbase and […]
U.S. oil futures end higher Thursday, with crude turning positive intraday as fading omicron concerns and signs of strong uptake of energy-related assets helped to support year-end buying. West Texas Intermediate crude for February delivery CLG22, +0.18% CL00, +0.18% traded 43 cents, or 0.6%, higher to end at $76.99 a barrel on the New York […]
Panama is doing its best to keep up with El Salvador’s Bitcoinization with the installation of 50 Bitcoin (BTC) ATMs in 2022. Thanks to Santo Blockchain, 50 of the planned 300 ATMs will begin shipping to Latin America in early 2022. A vertically integrated blockchain and cryptocurrency company with offices in Saigon, Vietnam and Panama […]
The U.S. Energy Information Administration reported on Thursday that domestic supplies of natural gas fell by 136 billion cubic feet for the week ended Dec. 24. That is more than the 127 Bcf average decline forecast by analysts polled by S&P Global Platts. The weekly drawdown also is greater than the five-year average draw of […]
The company’s holdings are valued at roughly $5.9 billion, representing more than $2.1 billion in gains since its initial purchase in August 2020. 1592 Total views 22 Total shares Business intelligence firm MicroStrategy has added $94 million worth of Bitcoin (BTC) to its holdings after purchasing the crypto asset at an average price of $49,229. According […]