Amidst a modest flow of earnings reports and economic data today, odds are good that we are in for a quiet session ahead of tomorrow’s start of the 2021 Jackson Hole Economic Policy Symposium.
Bitcoin (BTC) is now trading above the $50,000 price tag, hitting the mark for the first time in over three months. Its year-to-date returns are now at around 71.4%.
Amid the continued rash of retail earnings, lawmakers in Washington will convene today to try and strike a deal to move forward with President Joe Biden’s economic agenda, including the Senate-passed $1 trillion infrastructure bill and the party’s $3.5 trillion spending plan.
The Gross Domestic Product, or GDP, is the total monetary or market value of all goods and services produced in a country within a specific time period. It is essentially a way to put a number on the strength and size of a country’s economy.
Exclusivity means limitations. Rarely a desirable quality, exclusivity in the financial world is a step away from the aim of an inclusive financial system.
Cardano’s (ADA) price hit a record $2.91 level on Monday, raising anticipation that the broader market rally along with the network upgrade could help it break the $3 level for the first time in its history.
We live in the digital age. Most of us make money working on computers, whether in an office or, nowadays, at home. So it’s easy to forget that the world runs not only on ones and zeroes or words in the ether. It runs on stuff. Actual, physical stuff.
With the valuation of bitcoin picking up once again, adoption of the Lightning Network, a second layer protocol built on the Bitcoin blockchain and a radical solution to Bitcoin’s scaling limitations, is surging as well.
Software stocks have powered the markets higher over the past couple of weeks. Among the biggest gainers have been cybersecurity specialists such as Palo Alto Networks (PANW), which has become popular amid the recent surge in cyberattacks.
While investors wait for the 2021 Jackson Hole Economic Policy Symposium later this week, there will be no shortage of retail earnings to parse through, not to mention today’s Flash PMI readings for the U.S.
When assessing the recent movements and tumultuous swings in the stock market, it seems there continues to be a persistent back-and-forth between price and value.
After reporting $1.6 billion in net profit in the June quarter, the major U.S. cryptocurrency exchange Coinbase Global looks more confident in its future growth strategies, including global expansion.