Why investors should ignore crypto and stick with gold

CNBC’s Jim Cramer on Monday warned investors to stay away from crypto despite bitcoins‘s recent gains and instead look to golden. “The charts, as interpreted by Carley Garner, suggest you need to ignore the crypto cheerleaders now that bitcoin’s bouncing. And if you seriously want a real hedge against inflation or economic chaos, she says … Read more

What the FTX collapse means for crypto exchanges

The fall of FTX marks one of the most serious problems for crypto to date, with questions now rising about the health of other giants of the industry. The crypto industry has been rocked by the collapse of FTX. Big-name investors from Sequoia Capital to SoftBank dumped hundreds of millions of dollars into the company, … Read more

Stock futures rise slightly as investors weigh cross currents of latest earnings

Scott Eells | Bloomberg | Getty Images Stock futures ticked higher Wednesday night as investors responded to a weak outlook from retail chain Target early in the day, and results from Nvidia and Cisco that landed after the market closed. Investors are also anticipating more than half a dozen speakers from the Federal Reserve talking … Read more

FTX users may be cashing of bankrupt crypto exchange through a Bahamas loophole

Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Some FTX users appear to have found a way to move money off of the exchange through a back door in the Bahamas. Analysis by data firm Argus … Read more

Dow closes more than 600 points lower after indecisive midterms, crypto selloff

Stocks were lower on Wednesday — following recent market gains — as results of the midterm elections provided no clear answers about who would control Congress yet. A crypto selloff also weighed on markets. The Dow Jones Industrial Average fell 646.89 points, or about 1.95%, to 32,513.94. The decline was led by Disney, which fell … Read more

Stock futures rise slightly following relief rally to begin October

Stock futures went up slightly following a broad rally on the first trading day of October – a sharp turn from September, which brought the worst month since March 2020 for the the Dow Jones Industrial Average and the S&P 500. Futures tied to the S&P 500 increased 0.12%. Nasdaq 100 futures were up 0.21%. … Read more

Turning point for Bitcoin? Where crypto goes from here

It’s been a strenuous year for the crypto business. After hitting a high of more than $68,000 in November 2021, bitcoin has plunged to hover around $20,000. But for long-term ETF investors, some experts advise to take crypto’s comedown in stride. “If you’re going to do this right, then what’s been happening in the past … Read more

Nasdaq falls for third straight day as chip stocks weigh on market

Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York, August 8, 2022. Andrew Kelly | Reuters Stocks fell on Tuesday as investors navigated a batch of disappointing company reports ahead of a key inflation reading. The S&P 500 fell 0.6%, while the Nasdaq Composite dropped 1.5%. The Dow … Read more

How ETF investors can bet on the crypto crash

Digital currency investors have been under pressure this year due to a range of factors, from inflation and recession fears to a liquidity crisis among high-profile crypto companies. Bitcoin’s steady freefall has brought the flagship coin down almost 70% off its historic high last November. For investors mulling a bet against bitcoin, ProShares launched BITI, … Read more

Binance backing for Elon Musk’s Twitter bid boosts ‘Web3’ vision

Binance is the world’s largest crypto exchange, handling billions of dollars in trading volumes on a daily basis. STR | NurPhoto via Getty Images Bitcoin exchange Binance’s move to participate in Elon Musk’s $44 billion takeover of Twitter could boost digital currency evangelists’ hopes for the development of a more “decentralized,” crypto-friendly social media platform. … Read more