Shares of Alphabet Inc. Cl A GOOGL, -0.21% slipped 0.21% to $ 2,174.75 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, + 1.06% rising 1.06% to 3,825.33 and the Dow Jones Industrial Average DJIA, + 1.05% rising 1.05% to 31,097.26. This was … Read more
With more than 19,000 virtual currencies in existence, the cryptocurrency industry has likened the current state of the market to the early years of the internet. Industry players said however that most of these coins will collapse. Nurphoto | Getty Images Digital asset brokerage Voyager Digital has paused all customer trading, deposits, withdrawals and loyalty … Read more
Here are the most important news items that investors need to start their trading day: 1. Second half begins Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, June 30, 2022. Brendan Mcdermid | Reuters Markets are looking to rebound following the worst first half for stocks … Read more
Ever get all the way to the mall, pushing through traffic and crowds, only to find out the one thing you wanted to purchase isn’t in stock? In this writer’s life, it seems to be an all-too-common occurrence. To alleviate this issue, Simon Property Group, the company that owns the King of Prussia Mall, has … Read more
Macroeconomic pressure During the quarter, the US Federal Reserve carried out two aggressive interest rate hikes to battle rampant inflation. That has sparked fears of a recession in the US and other countries. It has also hit stocks, in particular high-growth technology names. The tech-heavy Nasdaq Composite is down 22.4% for the second quarter, its … Read more
Town WSJ Graphics Staff July 1, 2022 5:30 am ET Listen to article (1 minute) Markets got off to a bad start in early 2022, and the situation has grown worse since then, with broad selloffs in stocks, bonds and cryptocurrencies. As investors look ahead to the second half of the year, they are asking … Read more
The semiconductor boom of the past two years appears to be ending. Memory chip maker Micron Technology Inc. MU, -1.32% gave a downbeat forecast for its next fiscal quarter Thursday, predicting a massive revenue shortfall ranging from $ 1.5 billion to $ 2.3 billion, as COVID-19 restrictions in China and slower demand for consumer products … Read more
Apple Inc. is no longer importing gold and tungsten from Russia, the company has confirmed to MarketWatch. The tech giant uses a range of materials, including gold, tungsten and the metal tantalum in its products. However, the role of Russian locations in its supply chain had come under scrutiny. In a report this week, the … Read more
Sanjay Mehrota, Micron Technology President & CEO at the WEF in Davos, Switzerland on May 24th, 2022. Adam Galica | CNBC Micron Technology, a major vendor of memory chips for PCs and smartphones, said on Thursday that it expects smartphone sales to be significantly lower than previously expected for the rest of 2022, citing a … Read more
Bitcoin is a volatile asset, and has been known to swing more than 10% higher or lower in a single day. Jakub Porzycki | Nurphoto | Getty Images EU officials on Thursday secured an agreement on what is likely to be the first major regulatory framework for the cryptocurrency industry. The European Commission, EU lawmakers … Read more