Bitcoin Soars as Crypto Traders Turn Bullish. 2 Signs the Rally Has Momentum.

Bitcoin Soars as Crypto Traders Turn Bullish.  2 Signs the Rally Has Momentum.

Text size Cryptos are recovering after weeks of losses. Dreamstime Bitcoin led a rally in digital assets on Friday as cryptocurrency traders seemed to turn firmly bullish after weeks of prices under pressure. The price of Bitcoin rose 5% over the past 24 hours to $21,500. The largest digital asset moved as high as $22,400 … Read more

Bitcoin Prices Rally. A Key ‘Correlation’ Is Now in Crypto’s Favor.

Bitcoin Prices Rally.  A Key 'Correlation' Is Now in Crypto's Favor.

Text size Bitcoin prices have advanced this week. Dreamstime Bitcoin prices have consolidated above a key level as most cryptocurrencies rose on Thursday, helped along by slow but steady gains in the stock market. The price of Bitcoin rose 2% over the past 24 hours to above $20,500, having reclaimed the $20,000 mark on Wednesday … Read more

The Fed’s Minutes Are Hawkish. They Also May Be Out of Date.

The Fed's Minutes Are Hawkish.  They Also May Be Out of Date.

Text size Federal Reserve Chairman Jerome Powell in June 2022. Kevin Dietsch/Getty Images Minutes from the Federal Reserve’s June 14-15 meeting reveal central bankers’ growing anxiety over inflation and plans to adopt a restrictive policy stance in order to cool rapidly rising prices. The minutes read hawkish. Major stock indexes, however, rose after the release … Read more

Exercise Can Cut All Sorts of Health Risks for Seniors. Here’s How to Get Going.

Exercise Can Cut All Sorts of Health Risks for Seniors.  Here's How to Get Going.

Imagine a medicine that reduced the death rate of breast cancer and risk of recurrent breast cancer by 50%, lowered the risks of colon cancer and type 2 diabetes by two-thirds, and those of heart disease, hypertension and Alzheimer’s disease by 40%. On top of that it can be as effective as antidepressants or cognitive … Read more

NIO, XPeng and Li Auto Deliveries Set a Record. That Can Help Tesla Stock, Too.

NIO, XPeng and Li Auto Deliveries Set a Record.  That Can Help Tesla Stock, Too.

text size Production and demand for electric vehicles in China rebounded in June. Qilai Shen/Bloomberg Investors in electric-vehicle stocks should breathe a sigh of relief on Friday. Production and demand for electric vehicles in China rebounded in June after a Covid-19-induced lull. Deliveries in June at NIO (ticker: NIO ), Li-Auto (LI), and XPeng (XPEV) … Read more

Tesla Deliveries Are Coming. What the Results Could Mean for the Stock.

Tesla Deliveries Are Coming.  What the Results Could Mean for the Stock.

Text size Tesla stock is down about 16% for the current quarter. Nicholas Asfouri/AFP via Getty Images You’re here ‘s second-quarter delivery results are expected to arrive in early July. It has been hard to predict the numbers for a couple reasons: The first is production volatility from Covid-19 lockdowns in China, and the other … Read more

Berkshire Hathaway Stock Hits Hard in June. Warren Buffett Is Probably Unfazed.

Berkshire Hathaway Stock Hits Hard in June.  Warren Buffett Is Probably Unfazed.

Text size Berkshire has scaled back its stock repurchase program this year, and that may be sending a message that CEO Warren Buffett doesn’t view the stock as being so cheap. Bill Pugliano/Getty Images Despite what CEO Warren Buffett has called its Fort Knox balance sheet with over $100 billion in cash, Berkshire Hathaway hasn’t … Read more

Carnival Stock Surges as Second-Quarter Revenue Rises Sharply

Carnival Stock Surges as Second-Quarter Revenue Rises Sharply

text size A large Carnival cruise ship docked at port in turquoise blue water. Dreamstine Shares of carnival were rising Friday after the cruise line posted second-quarter revenue that rose sharply from the first quarter of 2022. carnival (ticker: CLC ) reported a GAAP loss of $1.61 a share, wider than analysts’ estimates for a … Read more

Here’s How Much the Average Working Boomer Has Saved for Retirement

Here's How Much the Average Working Boomer Has Saved for Retirement

Text size Dreamstime This article originally appeared on MarketWatch. Three news items that say a lot about the retirement crisis facing Americans and what we can do about it—if we want to. The first is a survey of 1,000 working Americans conducted recently showing much, or little, they have saved for retirement. And the picture … Read more

More Companies Start to Rescind Job Offers

More Companies Start to Rescind Job Offers

Businesses in several different industries are rescinding job offers they made just a few months ago, in a sign the tightest labor market in decades may be showing cracks. Companies including Twitter Inc. real-estate brokerage Redfin Corp. and cryptocurrency exchange Coinbase Global Inc. have rescinded offers in recent weeks. Employers in other pockets of the … Read more