The S&P 500 dropped 0.67% on Monday, in the largest decline since last September. Part of the decline was the 2.1% drop in the stock of Apple, Inc. (AAPL), which was a drag on all of the major averages, as well as the technology sector. The largest holding in the Technology Select Sector (XLK) is Apple, with a portfolio weight of 13.74%. The stock market declined even more sharply on Tuesday with the Dow Industrials and S&P 500 dropping ...
Microsoft is set to announce its Q2 2018 earnings on Wednesday, January 31. The company continues to develop an ecosystem of cross-device applications and value-added services around its hardware and software. more...
The U.S. Securities and Exchange Commission has halted an Initial Coin Offering (ICO) launched by AriseBank, a 'decentralized' bank, which had purported to offer trading in over 700 crypto- currencies - including Bitcoin and Ethereum - and had raised around $600m towards a $1bn funding goal. more...
Where December saw major gains for the global cryptocurrency market, January has seen a series of corrections that have brought it back closer to pre-December numbers—tempering some of the community's wild excitement and runaway speculation. But the past few days have shown Ethereum making a comeback. According to CoinMarketCap, the price of ETH was $998.03 at 2:04am PST Friday, Jan. 26. By 12:15pm on Sunday, Jan. 28, that price is now ...
Legendary investor George Soros joined a chorus of well-known investors calling bitcoin a bubble this week, making his remarks in a speech at the World Economic Forum in Davos, Switzerland Thursday. "Cryptocurrency is a misnomer and is a typical bubble, which is always based on some kind of misunderstanding," the financier and founder of the $26 billion Soros Fund Management said. "Bitcoin is not a currency because a currency ...
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