Author: Daniel snow
[ad_1] Bitcoin climbed to new all-time high on Thursday, building on its previous record reached just a day earlier, as investors jumped into risk assets and liquidated short positions.The price of the flagship cryptocurrency was last higher by about 2% at $113,267.39. Earlier, it rose as high as $113,863.18. Over the past 24 hours, $318 million in short liquidations have occurred across centralized exchanges, according to CoinGlass. When traders use leverage to short bitcoin and the cryptocurrency’s price rises, they buy bitcoin back from the market to close their positions, which pushes the price up and causes more positions to…
[ad_1] Demand for fixed-income exchange-traded funds has surged in the past week, as U.S. government debt reversed outflows. [ad_2] Source link
[ad_1] It’s all aboard for Microsoft investors as the company rides the next train towards another major win. The news Microsoft will be the next megacap to hit a $4 trillion stock market value, according to Wedbush, which predicts it will happen “this summer.” Larger-scale artificial intelligence deals are accelerating, lead analyst Dan Ives wrote in a note to clients Thursday. “Many Microsoft customers [are] now focused on deploying enterprise use cases across a number of verticals with financials, government, and retail clear standouts,” he added. Even with Microsoft shares closing Wednesday at a record high of just over $503…
[ad_1] Helen of Troy’s stock was tumbling toward a 14-year low Thursday, after the company said tariff-related impacts hurt consumer spending and led to a sales miss and a downbeat outlook. [ad_2] Source link
[ad_1] Oftentimes insurance doesn’t cover what the policyholder thinks it does—or thinks it should. Flood insurance is no exception. [ad_2] Source link
[ad_1] U.S. stocks are overbought — but overbought does not mean sell. [ad_2] Source link
[ad_1] A new study shows around 9 percent of employees use drugs or alcohol just before or while at work. [ad_2] Source link
[ad_1] The embattled EPA’s budget could be cut in half next year, and its remaining employees are in their third week of dealing with workplace temperatures that routinely top 80 degrees. [ad_2] Source link
[ad_1] Why not just say what we mean? [ad_2] Source link
[ad_1] Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market update: The S & P 500 is nicely higher on Thursday, overcoming the market’s soft open. Stocks are shrugging off concerns about tariffs on copper imports and President Donald Trump’s plan to impose a 50% tariff on Brazil beginning Aug. 1. The Nasdaq is underperforming in the session, dragged down by weakness in technology — especially software and cybersecurity stocks — as well as communication services, with Netflix and…