Don’t miss these top money and investing features: Sign up here to get MarketWatch’s best mutual funds and ETF stories emailed to you weekly! INVESTING NEWS & TRENDS Bitcoin owners are bellyaching about its plunge, but the digital currency’s volatility is no more extreme than that of stocks Bitcoin is currently trading at a 33% discount
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Source: Rokas Tenys / Shutterstock.com Tesla (NASDAQ:TSLA) stock got rocked this week after CEO Elon Musk revealed he had sold $3.95 billion of his Tesla stake. Many analysts immediately drew lines from the rapid-fire disposal to Twitter’s recent stumbles. It only took the world’s richest man three months to renege on his promise to avoid
Cryptocurrency is a mess right now. And rightly so. I wrote about buying bitcoin for MarketWatch in 2013 when it was trading for $100, but I’ve spent the past year or so warning that most newer cryptocurrencies will be worthless. Here’s what I wrote earlier this year: “[M]ore than 95% of the 15,000 cryptocurrencies are silly or
The European Commission lowered 2023 growth expectations for the eurozone economy and raised inflation forecasts on Friday, with Russia’s invasion of Ukraine denting global demand and reinforcing inflationary pressures. Gross domestic product in the 19-member eurozone is forecast to grow by just 0.3% in 2023, the Commission said in its quarterly report, downgrading its July
If you’re on the prowl for bargains among major tech stocks, you may be mulling making Alphabet (NASDAQ:GOOG,NASDAQ:GOOGL) a buy. Over the past year, GOOG stock has tumbled to the tune of around 41.7%, in line with price declines among other major Nasdaq components. With this large drop, shares in the tech giant, which is
Sam Bankman-Fried’s fall from grace has dealt an unprecedented blow to the crypto industry’s reputation — and some of this infamy may rub off on politicians who took his money, as well as on former regulators and Capitol Hill staffers who took well-paying jobs representing digital-asset companies before Congress. Bankman-Fried, founder and CEO of the
How far could a $100 wager on Baidu (NASDAQ:BIDU) stock take you? In the short term, don’t expect huge gains, as traders are still nervous about Chinese President Xi Jinping’s consolidation of power. They’re anxious about the nation’s strict Covid-19 policies as well. Yet, Baidu shares have lost so much value that there seems to
The cryptocurrency market has been hammered this week as major cryptocurrency exchange FTX falters, but one noted technical analyst says bitcoin could reach a bottom as early as Friday. Tom DeMark, the founder and CEO of DeMark Analytics, focuses on the number of days — which don’t have to be consecutive — that there was
Tumbling yet again after a poorly-received earnings report, value investors are again arguing that Meta Platforms (NASDAQ:META) is severely undervalued, and a screaming buy at current prices. Sure, on the surface, META stock appears dirt cheap. After falling nearly 72.5% over the past year, shares in the tech giant, parent company of popular social media
Shares of Marqeta Inc. were up about 6% in after-hours trading Wednesday after the company, which makes card-issuing technology, topped revenue expectations for its latest quarter and issued an upbeat forecast. The company reported a net loss of $53.2 million, or 10 cents a share, compared with a loss of $45.7 million, or 8 cents
Everybody on Wall Street despises microprocessor manufacturing giant Intel (NASDAQ:INTC), right? That’s actually an unfounded assumption, as some big-money investors are holding large quantities of INTC stock. Maybe they know a good value when they see it, or perhaps they’re bullish on Intel as the chipmaker lays the groundwork for significant cost reductions. If you’ve been
Guy Thompson, a retired shipfitter and engineer at naval ship builder Bath Iron Works in Maine, takes his two standard poodles, Jessy and Esther, everywhere. When he lost two wives to cancer, the dogs kept him company. “They took the curse off losing a second wife in a row to cancer,” said Thompson, 72. “I’ve
Semiconductor makers enjoyed strong demand trends earlier in the pandemic due to the spike in sales of laptops and other gadgets amid work-from-home mandates, higher sales of gaming consoles and the rapid digitization of enterprises. However, demand in certain key markets, like personal computers (PCs), has slowed in recent months. Macro challenges and the growing
Sweetgreen Inc. shares fell in the extended session Tuesday after the locally sourced restaurant chain missed Wall Street expectations for the quarter, and warned that revenue will be at or slightly below the low end of its forecast Sweetgreen SG, +0.87% shares dropped as much as 10% after hours, according to FactSet data, following a
A collaboration with Amazon (NASDAQ:AMZN) should rescue any company from its financial problems, right? Not necessarily, as Blue Apron (NYSE:APRN) sealed a deal with the e-commerce behemoth but hasn’t returned much value to its shareholders. Furthermore, despite its short-squeeze potential, some big-money traders seemingly expect APRN stock to continue on its downward trajectory. Headquartered in
The price of bitcoin fell below $20,000 for the first time in nearly four weeks on Tuesday, with Ether also under pressure as a token linked to crypto exchange FTX tumbled below a crucial level. Bitcoin BTCUSD, -4.82% was off nearly 5% over the last 24 hours to $19,739, headed for the lowest closing price
As I discussed in my last article on Cassava Sciences (NASDAQ:SAVA), controversy continues to weigh on the performance of SAVA stock. Over the past week, shares in the clinical-stage biotech firm have traded wildly. First pushed lower by a perceived potential bombshell, shares then zoomed higher, as the company took an aggressive step in fighting
Some investors are concerned that tensions between major crypto exchanges Binance and FTX could weigh on the digital asset market, which has already suffered from price mayhem this year. Binance is the world’s largest crypto exchange by 24-hour trading volume, while FTX ranks the 3rd, according to Coinranking. On Sunday, Binance’s founder Changpeng Zhao, often
If you’re looking for a stock to double within a year, then Microsoft (NASDAQ:MSFT) stock isn’t the right choice. However, the shares are likely to be twice their current price five years from now. Believe it or not, Microsoft’s cloud business could be the company’s main growth driver, even though that’s the segment that disappointed investors
U.S. stock futures rose even as short-term Treasury yields hovered near their highest since 2007 after last week’s Fed rate hike, a relatively robust jobs report and ahead of important inflation data. How are stock index futures trading S&P 500 futures ES00, +0.49% rose 10 points, or 0.3%, to 3,789 Dow futures YM00, +0.49% added