Gold prices inched up on Tuesday, as a weaker dollar and hopes of a massive U.S. stimulus package to support the virus-stricken economy boosted the precious metal's appeal.
The dollar languished near its lowest in a week on Tuesday as investors began entertaining doubts about the scale of a recent rally driven by expectations of a faster pandemic recovery in the United States than elsewhere.
Tesla Inc expects to allow customers to pay for its electric vehicles with bitcoin soon, the automaker said on Monday [nL4N2KE3BF], a move that could expand how the most popular cryptocurrency is used for real-world transactions.
Chinese electric-vehicle (EV) start-up Byton is in talks to go public via a merger with a special purpose acquisition company (SPAC), Reuters reported on Monday.Byton is in talks with several SPACs and potential investors about the plan, which could see the company going public l
Apple Inc has a "clear opportunity" to offer a buying and selling mechanism for cryptocurrencies, a move that would allow the company to immediately gain market share, according to a research report on Monday from RBC Capital Markets.
NEW YORK (Reuters Breakingviews) - Elon Musk is never shy of creating a bit more disruption. The entrepreneur’s $808 billion electric-car company, Tesla, said on Monday that it has put $1.5 billion into bitcoin and may soon acce
All three major indexes kicked off the new week with record closes, as Wall Street stayed hot to start 2021. Treasury Secretary Janet Yellen's calls for additional Covid-19 stimulus -- while also adding that emergency relief could help the U.S. go back to full employm
Tesla (NASDAQ: TSLA) made a game-changing disclosure on Monday.The electric-vehicle (EV) leader purchased $1.5 billion worth of bitcoin (CRYPTO: BTC) in a move that could bring legitimacy to the digital currency markets and pave the way for more companies to adopt the cryptoasset
Wall Street reached all-time closing highs on Monday as investor optimism was stoked by prospects of a speedier economic recovery from the global health crisis, driven by increased stimulus and an accelerated vaccine rollout.
What happenedThe price of bitcoin (CRYPTO: BTC) surged to all-time highs early Monday morning, causing stocks like fintech company Square (NYSE: SQ) to rise as well. Square stock rose 8% for the session.
Wall Street set record closing highs on Monday as stimulus prospects and ongoing vaccine deployment boosted investor optimism over the pace of economic recovery from the pandemic recession.
The dollar was flat to slightly lower on Monday in choppy trading, as investors also focused on rallying cryptocurrencies led by bitcoin after Tesla announced a $1.5 billion investment in the digital asset.
Which Of These Automaker Stocks Deserve More Of Your Attention Right Now?Electric vehicle (EV) stocks have been the poster child of growth stocks on Wall Street since 2020. That’s because these EV stocks have made unprecedented gains in 2020. If you have Tesla (NASDAQ: TSLA
What happenedAlternative-energy company Tesla (NASDAQ: TSLA) released its annual report on Monday, and it contained potentially game-changing news for popular cryptocurrency bitcoin (CRYPTO: BTC). The company has started buying bitcoin tokens, and this revelation sent the price o
Wall Street advanced on Monday, setting a course for record closing highs as stimulus prospects and ongoing vaccine deployment boosted investor optimism over the pace of economic recovery from the pandemic recession.
What happenedMany cryptocurrency stocks posted strong gains in January, according to data from S&P Global Market Intelligence. These stocks amplified the performance of bitcoin (CRYPTO: BTC) -- the leading cryptocurrency's price rose by 14% last month.
The stock market continued to move sharply higher on Monday morning, sending the Nasdaq Composite (NASDAQINDEX: ^IXIC) to new record levels. As of 11 a.m. EST, the Nasdaq was up about 0.7%, closing to within striking distance of the 14,000 mark. Big-name companies like Tesla (NAS
Wall Street's main indexes scaled all-time highs on Monday, as investors bet on hopes that a fiscal relief package and vaccine roll-outs would lead to a speedy economic recovery.
The dollar was flat to slightly higher on Monday in choppy trading after falling sharply on disappointing U.S. jobs data last week, as investors continued to see a faster U.S. recovery than in most countries and were also focused on rallying crypto currencies after Tesla announced a $1.5 billion investment in bitcoin.