Why Bitcoin, Ethereum, and Dogecoin Are Sinking Today
These three top cryptocurrencies are seeing selling pressure build today.
These three top cryptocurrencies are seeing selling pressure build today.
Financial advisors ponder if investors should be loading up on the precious metal.
The major market averages (^DJI, ^IXIC, ^GSPC) opened Friday's trading session below their flatlines as tech stocks lead the market rally in the Nasdaq Composite and S&P 500. Seana Smith, Brad Smith, and Jared Blikre track market movements after the opening bell, as well as market volatility levels (^VIX) and the tech sector's (XLK) recent gains. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
Vitalik Buterin, the co-founder of Ethereum (CRYPTO: ETH), has donated over half a million dollars to a charity that looks after the welfare of animals. What Happened: In an X post on Thursday, Buterin revealed sending 200 Ether, worth $524,320, to Effective Altruism Fund's Animal Welfare Fund. This stash was obtained after selling all the “animal coins” that were sent to his wallets over the past year. Don't Miss: According to Cathie Wood, holding 6 Ethereum (ETH) could make you a millionaire,
Former President Donald Trump owns more than $1 million worth of cryptocurrency and up to $250,000 in gold bars along with the portfolio of golf courses and real estate properties that have made him a billionaire, according to newly released financial disclosures. The details come from documents filed by Trump as part of his Republican presidential bid that were released Thursday night. The more than 200 pages of paperwork give a limited picture of the real estate developer-turned reality TV star-turned-president's money and investments.
The Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) indexes are rebounding from downward pressures that hit tech stocks (XLK) at the beginning of August. Now, Big Tech names, particularly Nvidia (NVDA), are seeing major gains. Why are tech stocks seeing this rebound and is it time to buy back into the sector? Yahoo Finance markets reporter Josh Schafer joins Morning Brief to break down tech's reversal from last week's sell-off and how the sector is leading the market rally on Friday morning. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
US Housing starts hit a four-year low in the month of July, according to the US Census Bureau, dropping 6.8% month-over-month and 16% year-over-year. Vice President Kamala Harris unveiled her economic policy proposals for the housing market and homebuyers she would attempt to implement in her first 100 days in office if elected. Yahoo Finance housing reporter Dani Romero joins Wealth! to break down Harris's agenda which includes provisions for constructing more housing units and providing downpayment assistance for first-time homebuyers. Harris is expected to go into greater detail on her potential policy agenda at a speech in Raleigh, North Carolina, on Friday. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino
Stock futures (^DJI, ^IXIC, ^GSPC) are dipping into negative territory ahead of Friday's market open, coming off of Thursday's rally fueled by July retail sales and lower-than-expected initial jobless claims. The tech sector (XLK) is leading market rallies in the S&P 500 and Nasdaq Composite as Big Tech names rebound from recent sell-offs. Chipmaker Nvidia (NVDA) is up over 17% in the last five trading days. Vice President Kamala Harris will outline her economic policy agenda at a speech in Raleigh, North Carolina, on Friday, focusing on taming inflation and reducing grocery, housing, and prescription drug prices for American consumers. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
Historic changes are coming to the housing market this weekend. New rules from the National Association of Realtors (NAR) will transform how realtors get paid and compensated for helping people buy and sell their homes, going into effect on Saturday, August 17. KBW managing director Ryan Tomasello joins Catalysts to discuss how the new regulations could transform the housing market. "Over the long run, this is going to provide a lot more transparency for home shoppers. It's going to allow more agents to compete more heavily on price and quality. But over the near term, I think it's probably going to be a bit of a bumpy road as the market digests these changes in such short order, and also at a time when the housing market itself has a laundry list of complexities around it, from rates to supply," Tomasello explains. In the long-term, Tomasello believes these rules are likely to reduce the friction costs of buying and selling a home, which, in turn, could increase transaction activity. "There's been a lot of chatter amongst the agent community, more and more education on the part of consumers. And so the question becomes if belief creates reality around commissions actually coming down, if both agents think that commissions are coming down and consumers are aware of this new structure, we do think that that puts downward pressure on commissions at the margin over time," he adds. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
The Aussie dollar has rallied a bit during the past week or so, as we are now testing the significant resistance barrier for short-term traders. Longer-term traders are likely to continue to look at a larger range.