Markets

JPMorgan (JPM) stock has lost nearly 5% of its weight as news that the company’s CEO will be away after his emergency surgery makes the rounds. In the premarket, the stock is 3.48% down.American multinational investment bank and financial services company JPMorgan Chase & Co (NYSE: JPM) recently informed its staff of the CEO’s health issues. In a note to employees all over the world, the bank said that CEO Jamie Dimon underwent emergency heart surgery to prevent his health from...

Max Keiser has said that Jamie Dimon, the CEO of JPMorgan, will come to beg the Federal Reserve for cash. Coronavirus attack is hitting the markets again, every day fear rises. But Keiser believes that Bitcoin price can reach $100,000 already in 2020.Max Keiser is a well-known cryptocurrency fan, promoting the digital world via his Keiser Report RT show. He has made two bold claims regarding the price of Bitcoin during the last show. According to him, the more people are panicking, the more...

While the coronavirus fears are spreading in the U.S., many tech giants are under their influence as well. MSFT stock lost over 2% yesterday and continues falling in the premarket.Microsoft Corporation (NASDAQ: MSFT) reported that two of its employees in Washington state have been infected with the coronavirus.Meanwhile, Microsoft stock yesterday lost 2.51% and fell to the level of $166.27. The current market cap of the company is 1.26 trillion. In the premarket, MSFT continues falling while...

Tesla (TSLA) stock is the most shorted stock on the market. Over the last seven days, its short-sellers made $1.1 billion. It runs neck-and-neck with Apple.While coronavirus is devastating the market, Tesla Inc (NASDAQ: TSLA) stock is still number one among most shorted stocks. According to fintech company S3 Partners, over the last seven trading days, short-sellers made a total of $51.3 billion. $1.1 billion of the mark-to-market profit belongs to Tesla’s short-sellers. However, the gains do...

Bitcoin hash rate hit its all-time high and set a new record. Meanwhile, BTC price came back to the $9,000 price level with the bulls showing their strength over the bears.Bitcoin hash rate has set an all-time high after surpassing the previous set record of 150,000 PH/S. This is according to data from Coin Dance, which gives monthly feed on harsh rate. This coincided with the sudden recovery of BTC price to hit $9,000 after days of losing.If the price continues pushing upwards, it shows...

The COVID-19 spread continues to cast a larger shadow on the global markets as volatility seeps in. Analysts say that corrective measures by the Fed are doing little to control the market fall. Dow seriously dropped on Thursday.On Thursday, March 5, Dow Jones tanked 900 points giving a close above 26,100 levels. The markets have stayed quite unpredictable for the whole week oscillating to-and-fro.Since this Monday, Dow Jones has been moving 100 points up and down every alternate day. The...

The Federal Reserve cut interest rates this week. While the central bank was hoping to boost the falling stock market, the move seemed to spook investors. All the major US stock market benchmarks swung upward for just one day on Wednesday after the cut.But investors continued to dump equities Thursday. On Tuesday, when the Fed rate cut was announced, the stock market ended the trading session with a loss.It seems the Fed’s efforts to save the stock market were a terrifying confirmation of the...

Bitcoin cash price declined towards the $300 support level against the US Dollar.The price is currently recovering and showing positive signs above the $320 level.There was a break above a major bearish trend line with resistance near $324 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could start a major upward move once it clears the $350 and $360 resistance levels.Bitcoin cash price is forming a decent support base above $320 against the US Dollar. BCH/USD is...

South Korea is getting an addition to its crypto hub. The country is unveiling new digital ATMs that will allow people to exchange won – the country’s national fiat – for Litecoin (LTC), the sixth-largest cryptocurrency by market cap.Litecoin Is Getting a Nice BoostSouth Korea, at one point, was one of the largest crypto havens across the globe. It accounted for roughly one-quarter (25 percent) of the world’s cryptocurrency transactions. However, the nation has since taken on a very strict...

The Bitcoin price is rising steadily again and has crossed $9k. BTC halving is getting closer and closer with less than 10,000 blocks away.Bitcoin seems just about ready for its upcoming halving as it’s starting to climb back up again. Just as the month was starting, Bitcoin tried to hit the $9,000 mark. Its inability to do so at the time was touted as a big problem especially since the halving is drawing closer. Now, Bitcoin has begun rising steadily and has successfully scaled the $9,000...