Wealthy investor Mike Novogratz speculates that bitcoin could be worth $100,000 by the end of 2021 and sees that value increasing by five-fold by 2024, as the nascent crypto market continues to evolve and grow.
Oil futures pull back on Friday, after posting four consecutive session gains, but score a more than 6% weekly climb. Support from a strong economic report from China helped to offset pressure from concerns that rising cases of COVID in parts of the world threaten a fitful recovery from the demand-sapping pandemic.
Dogecoin, dogecoin, dogecoin! That must be what bitcoin holders are saying lately. Owners of the world’s No. 1 crypto, like Jan from the 1970s-era sitcom, The Brady Bunch, must feel as if they have been living in the shadow of a more intriguing sister crypto.
The World Health Organization warned Friday that the global tally of confirmed cases of the coronavirus-borne illness COVID-19 has almost doubled in the last two months, and is now approaching the highest rate seen since the start of the pandemic.
The No. 1 streaming leader is attempting to monetize a bonanza of new subscribers from a year ago while fending off a herd of competitors like Walt Disney Co.’s Disney+, Apple Inc.’s AppleTV+, AT&T Inc.’s HBO Max, Amazon.com Inc., Comcast Corp.’s Peacock, and ViacomCBS Inc.’s Paramount+ that are trying to pry them away.
There’s little doubt that demand for lumber, steel, and other commodities will get a boost from President Joe Biden’s $2.3 trillion proposed infrastructure package. Prices for some building materials, however, have already booked phenomenal gains in the first three months of the year, potentially setting limits on an extended rally.
The Dow and S&P 500 rise Friday morning, extending their recent rallies into new record territory, amid a fresh flurry of corporate quarterly results to end the first week of earnings season.
The Chinese economy grew by a record 18.3% in the first quarter of the year compared with the same period of 2020, when it had shrunk for the first time in decades due to the COVID-19 pandemic.
The U.S. Treasury Department on Friday removed the foreign-exchange manipulator label from Vietnam and Switzerland that the Trump administration had placed on the two countries in December.