Rising Treasury yields are contributing to a selloff by the stock market’s pandemic highfliers, but probably won’t be enough to spoil the appeal of stocks over bonds, one analyst says.
Square Inc. doubled down on bitcoin with a $170 million investment in the cryptocurrency, as surging interest in trading among Cash App customers helped revenue more than double in the fourth quarter.
President Joe Biden is set to unveil a new “roadmap” with Canada during his meeting Tuesday with Prime Minister Justin Trudeau, as the two allies plan to cooperate on combatting the coronavirus pandemic and climate change.
A cyberespionage campaign waged by Russian foreign intelligence on U.S. companies and government institutions was of a scale and sophistication never before seen, technology executives told the Senate Select Committee on Intelligence on Tuesday.
McAfee Corp. shares rose in the extended session Tuesday after the security software company’s quarterly results and outlook exceeded Wall Street expectations.
The Dow and S&P 500 eked out gains Tuesday, while the tech-heavy Nasdaq Composite finished lower, as congressional testimony from Federal Reserve Chairman Jerome Powell helped reverse a market selloff tied largely to a sharp rise in bond yields.
U.S. Treasury yields come off their highs on Tuesday after congressional testimony from Federal Reserve Chairman Jerome Powell, where he suggested the central bank remains far from deciding when to taper its asset purchases.
Bitcoin is on the brink of entering a bear market in recent trade as the volatile crypto asset is experiencing a double-digit plunge over the past 24-hour period.
‘In reality, the amount [billionaires] donate is a fraction of what they would pay if their tax rates were in line with the working class,’ Gravity Payments CEO Dan Price told MarketWatch.
Our call of the day comes from Saxo Bank’s head of equity strategy, who is worried that Tesla is wrapped up in a tangled market web, and investors could pay the price.
Facebook said that it would restore Australian news on its platform, after striking a deal with the Canberra government on a new law that will force big technology companies to pay for news.
Oil futures continue to push higher Tuesday, lifted by expectations U.S. output curtailed by last week’s winter storms will be restored more slowly than initially anticipated as well as a broader rally across commodities.