Every Norwegian now indirectly owns $27 worth of Bitcoin as sovereign wealth fund ups crypto stake
Norway's $1.7 trillion sovereign wealth fund upped its holdings in crypto exhanges, increases its indirect Bitcoin coverage by 62%.
Relieved foreigners scoop up Japanese stocks as markets rebound
Foreign investors heavily bought into Japanese stocks in the week to Aug. 10, encouraged by policymakers' signals to stabilize the market following recent turmoil which had sent shares into their biggest one-day plunge since 1987. Cross-border investors bought a net 521.9 billion yen ($3.51 billion) of Japanese shares in the week, reversing three consecutive weeks of net selling, according to finance ministry data. Last week, Japanese policymakers signalled action to prevent further declines in the stock market, while the Bank of Japan indicated it would keep rates steady amid market instability, following a historic 12.4% drop in the Nikkei share average on Aug. 5 on fears of a recession in...
Stock market today: Dow soars 555 points as strong economic data calms recession worries
Indexes rose Thursday as investors reacted to a surprisingly strong increase in retail sales and lower jobless claims.
Walmart stock surges to all-time highs as sales jump even as other companies see consumers turn cautious
Walmart's stock soared as much as 8.4% Thursday after reporting strong sales last quarter, even as other companies report slowing consumer demand.
What's Next in SEC v. Ripple?
While the SEC case against Ripple was decided solidly in Ripple’s favor, the takeaways for the rest of the industry are limited.
Watch These Walmart Price Levels After Stock Surges to Record High
Walmart shares surged to a record high Thursday after the discount retailer reported strong earnings and lifted its full-year outlook. Monitor these important post-earnings price levels.
Japanese stocks head for best week in 4 years as receding growth fears lift markets
Asia shares were headed for a weekly gain on Friday and Japan's benchmark Nikkei was poised for its best week in over four years as upbeat risk sentiment spilled over from Wall Street, while the dollar and U.S. Treasury yields held broadly steady. Last week's market turmoil was replaced by calmer conditions this week after a raft of U.S. economic data allayed recession fears in the world's largest economy and pushed back against expectations for aggressive U.S. rate cuts. MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.34% in early trade and was set to rise 1.3% for the week, while U.S. futures extended gains following a strong overnight cash session on Wall Street.
Stocks will embark on a run of gains unseen in 30 years after the Fed cuts rates, Wells Fargo strategy chief says
Stocks could see a 1995-like rally after the Fed cuts rates, said Wells Fargo's head of global investment strategy.
Oil prices set for weekly gains on renewed enthusiasm around US economy
Oil prices edged lower in early Asian trading on Friday, but the market's benchmarks were set for a second consecutive weekly gain after upbeat U.S. economic data eased investor worries about a potential recession in the top oil consuming nation. Brent crude futures fell 16 cents, or 0.2%, to $80.88 per barrel by 0024 GMT. "US economic data released this week has helped to temper fears of a sharp slowdown in the US economy," analysts at energy consultancy FGE said.
Oil Steadies at End of Choppy Week as Iran Remains in Spotlight
(Bloomberg) -- Oil was steady at the end of a turbulent week as the market weighed strong US economic data and a possible attack by Iran or its proxies on Israel against a lackluster Chinese demand outlook.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million to Fuel Housing ConstructionThe Cross-Continental Race Using Only Public Tra