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More On: cryptocurrency Watch as cops destroy 1,069 bitcoin mining rigs with steamroller An inflation hedge? Bitcoin continues to slide as costs soar British cops seize nearly $250M in crypto tied to money laundering scheme Bitcoin trading volume sank 40 percent in June About $80 billion has been wiped off the cryptocurrency market in the […]
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Bitcoin, the world's biggest cryptocurrency, was at $60,415.34 as of 7:25 a.m. ET, according to Coinbase. The digital currency is up over 80% this year and 570% higher over the last 12 months. Its value surpassed $1 trillion last week for the second time. Bitcoin crossed a record high of $60,000 on Saturday morning, continuing […]
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For the first time this year, Apple Inc. (NASDAQ: AAPL) has seen its market cap dip below $2 trillion. Shortly after Monday’s opening bell, the world’s most valuable company’s market cap dropped from $2.048 trillion as of Friday’s close to around $1.987 trillion. Only 24 U.S.-listed companies have market caps of between $150 billion and […]
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We are now a full year into the coronavirus pandemic. Hopefully this is the last full year we will spend in a pandemic-driven economic and social lockdown, but that depends on variants, vaccination rates, and other factors beyond the world of finance. That said, now is a good time to look back at the year […]
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The Dow Jones Industrial Average closed out a tumultuous 2020 by hitting a record high of over 30,600 points. It has since climbed even higher, leaving shareholders and analysts wondering how long the market can continue to rise before the next major sell-off. Though the DJIA comprises only 30 stocks, it is often regarded as […]
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Another earnings disaster pushed International Business Machines Corp.’s (NYSE: IBM) market capitalization to $117 billion. To show how little faith investors have in the company, note that Apple Inc. (NASDAQ: AAPL), the world’s market cap leader, has a valuation of $2.3 trillion, about 20 times IBM’s. IBM ranked seventh among all Fortune 500 companies in […]
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More On: cryptocurrency Bitcoin hits new record above $35,000 following massive drop Jack Dorsey rails against feds’ proposed cryptocurrency rules Bitcoin as ‘alternative’ currency for investors? It could happen Bitcoin price plunges after reaching all-time high The value of the cryptocurrency market topped $1 trillion for the first time Thursday as Bitcoin surged to yet […]
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Chinese leaders who attended the Central Economic Work Conference from Dec. 16 to 18 were buoyant about China's relative successes, while remaining cautious on major changes to stimulus policies. "The foundation of our economic recovery is not yet solid," state media said, according to a CNBC translation of the Chinese text. While the rest of […]
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Don’t expect a Biden bump to become a Biden boom. While a Democratic victory in Tuesday’s presidential election could give stocks a temporary boost, market strategists say Wall Street will likely be happier with more of what Republicans have delivered. A Joe Biden win could boost share prices in the short term given that he’s […]
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Forget the anxiety of the stock market, savvy investors are looking to Mickey Mantle. Baseball cards are a safe, reliable way to grow your investment portfolio, according to a new report, the Daily Mail reported. And it’s all about blue-chip names like Yankee legend Mantle. In 1988, a mint-condition Mantle rookie card sold at auction […]
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