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  • Aug 02, 2024

Bitcoin, Ethereum, Dogecoin Dump: 'We Should Be Back In Line By October,' Says Expert

Cryptocurrency markets are trading lower in sync with other financial markets as of 8/2/24 Friday afternoon 5pm. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $62,672 -1.1% Ethereum (CRYPTO: ETH) $3,013 -3.8% Solana (CRYPTO: SOL) $151.3 -6.8% Dogecoin (CRYPTO: DOGE) $0.1127 -2.3% Shiba Inu (CRYPTO: SHIB) $0.00001485 -2.2% Don’t Miss: If you invested $100 in DOGE when Elon Musk first tweeted about it in 2019, here’s how much you’d have today. If you invested $100K in Nivida during COVID, y

  • Aug 02, 2024

Barkin Says Economy Healthy With Key Questions Around Job Market

(Bloomberg) -- Federal Reserve Bank of Richmond President Thomas Barkin said the US economy is in good shape, though it’s unclear whether the labor market is getting back to normal rates of hiring or more seriously deteriorating.Most Read from BloombergSinger Akon’s Multibillion-Dollar Futuristic City in Africa Gets Final NoticeValencia Follows Barcelona in Crackdown on Short-Term RentalsWhat a Beautiful Bus Stop Can DoA Vast Wetland Park Seeks to Slake a Thirsty MegacityUber and Lyft Strike NYC

  • Aug 02, 2024

S&P 500 Has Its Worst Jobs Day Since October 2022: Markets Wrap

(Bloomberg) -- The selloff in stocks intensified and bond yields tumbled as a weak jobs report fueled worries that the Federal Reserve’s decision to hold rates at a two-decade high is risking a deeper economic slowdown.Most Read from BloombergSinger Akon’s Multibillion-Dollar Futuristic City in Africa Gets Final NoticeValencia Follows Barcelona in Crackdown on Short-Term RentalsWhat a Beautiful Bus Stop Can DoA Vast Wetland Park Seeks to Slake a Thirsty MegacityUber and Lyft Strike NYC Deal to S

  • Aug 02, 2024

Hedge funds grow bearish amid economic slowdown jitters, Goldman says

Global hedge funds continued to add bearish equity bets to portfolios in the week to Aug. 1 when fresh data sparked fears the U.S. economy is slowing faster than anticipated, Goldman Sachs said in a note to clients. It marks the third consecutive week that hedge funds' bets that stocks will fall outpaced the addition of long positions, Goldman said, noting one long position was added for every 3.3 short bets. The Nasdaq Composite fell into correction territory on Friday after economic data for two consecutive days pointed to a faster-than-anticipated slowdown.

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