NEWS
Bitcoin, Crypto Companies Claw Back From Mt. Gox Fallout
2024-07-05
Bitcoin tumbled Friday to above $55,000, at four-month lows, as bankrupt cryptocurrency exchange Mt. Gox's repayments to creditors pressured holders of digital currencies.
These Stocks Moved the Most Today: Tesla, XPeng, Coinbase, Macy’s, Amazon, Spirit Airlines, and More
2024-07-05
Tesla shares edge up after closing higher for seven-straight sessions, and Chinese electric-vehicle makers decline after the EU imposes additional tariffs on EVs made in China.
Crypto market under pressure amid bitcoin tumble, Mt. Gox
2024-07-05
The crypto market is under pressure as bitcoin (BTC-USD) prices experience a downturn following Mt. Gox's initiation of customer repayments. This development has ignited concerns about a potential bitcoin correction or widespread sell-off. Major cryptocurrency exchanges, including industry leader Coinbase Global (COIN), are seeing their stock prices decline in response to the news. Market Domination co-hosts Jared Blikre and Josh Lipton dive into the details. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
Bitcoin Falls as Mt. Gox Repayment Roils Crypto Market
2024-07-05
The trustee for the Mt. Gox bankruptcy estate began repaying creditors, roiling the cryptocurrency market.
Mt. Gox Fallout Sends Bitcoin, Crypto Companies Down
2024-07-05
Bitcoin tumbled Friday to above $55,000, at four-month lows, as bankrupt cryptocurrency exchange Mt. Gox's repayments to creditors pressured holders of digital currencies.
Stocks to Watch Friday: Macy's, Coinbase, Glencore
2024-07-05
**↗️** **Macy's (M)**: An investor group seeking to buy the department-store chain raised its offer for a second time, The Wall Street Journal reported. Shares edged higher in off-hours trading. **↘️** **Coinbase (COIN)**: The crypto exchange's stock fell more than 6% in premarket trading as the price of bitcoin slid below $55,000.
Midday movers: Tesla and Macy's rise; Coinbase and Nio fall
2024-07-05
(Updated - July 5, 2024 12:15 PM EDT)
Coinbase, MicroStrategy, Robinhood, and Other Crypto Stocks Drop. Blame the Bitcoin Selloff.
2024-07-05
Bitcoin was adding to losses from the previous day, amid signs that collapsed crypto exchange Mt. Gox is about to begin refunds of the digital asset to its users.
These Stocks Are Moving the Most Today: Tesla, Coinbase, MicroStrategy, Macy’s, Amazon, and More
2024-07-05
Tesla shares have nearly erased their losses for the year, while crypto-related stocks Coinbase and MicroStrategy tumble as Bitcoin falls to around $55,000.
June jobs report, Labour party sweeps UK election: Yahoo Finance
2024-07-05
Wall Street is reacting to the June jobs this morning. Economists expected nonfarm payrolls to grow by 190,000, with the unemployment rate holding at 4%. In the UK, the Labour Party won a sweeping victory in the general election. This victory unseats the Conservative party for the first time in 14 years. Labour Party leader Keir Starmer will officially replace Rishi Sunak as Prime Minister today. Yahoo Finance trending tickers include Tesla (TSLA), Nvidia (NVDA), and Coinbase (COIN). Key guests include:8:30 a.m. ET - Joe Brusuelas, RSM Chief Economist9:40 a.m. ET - Scott Bauer, Prosper Trading Academy CEO9:50 a.m. ET - Julie Su, Acting U.S. Labor Secretary11 a.m. ET - Julia Pollak, ZipRecruiter Chief Economist11:40 a.m. ET - Glenn Williams, Primerica CEO