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Bitcoin's Price Action Mirrors 1930 Stock Market Crash: A Sign Of Things To Come?
Wednesday, August 23, 2023 - 9:28am | 346Bloomberg analyst Mike McGlone drew parallels between Bitcoin's (CRYPTO: BTC) current trajectory and the stock market crash of 1930. In a series of tweets, McGlone highlighted the similarities between the two, suggesting that Bitcoin's performance might be echoing the patterns of one of the...
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Stocks Close Lower On Economic Concerns In Europe
Thursday, July 10, 2014 - 4:38pm | 2145U.S. markets followed European equities and sold off after Portugal's second largest bank Banco Espirito Santo missed a debt payment, renewing concerns over the health of the Portuguese and European economy. Despite a comeback from hefty losses, major indices still finished the day in...
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Markets Little Changed As The Quarter Comes To An End
Monday, June 30, 2014 - 4:34pm | 2316U.S. stocks were little changed as the second quarter comes to an end. Investors and traders are likely spending the last day of the quarter the same way they did to ring in the quarter: questioning the direction of the U.S. economy and wondering what is in store in the coming quarter. One...
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Market Wrap For April 23: S&P 500 Ends Winning Streak, Apple Announces 7-for-1 Stock Split
Wednesday, April 23, 2014 - 4:46pm | 3441U.S. stocks fell after the S&P 500 and Nasdaq has risen for six consecutive trading sessions after new home sales data came in worse than expected. Investors could reasonably expect the markets to cool off after six straight days of gains especially as earnings continue to come in mixed....
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Barron's Recap: Beware Falling Profit Estimates
Saturday, August 17, 2013 - 2:03pm | 959This weekend in Barron's online: how to dodge the earnings downdraft, who replaces China as the world's low-cost producer, the prospects for International Speedway, Live Nation Entertainment and Grupo Televisa. Cover Story "Beware Falling Profit Estimates" by Jack Hough. U.S. companies...