Tag: Financial Technology

Powell says ‘it will be a while’ before Fed taps the brakes on economy

Fed Chairman Jerome Powell returned to “60 Minutes” on Sunday to tell Americans that the economy is going to start growing strongly, but they shouldn’t...

‘You can’t ignore’ bitcoin anymore, warns Morgan Creek’s Mark Yusko

A time may be coming when ignoring bitcoin will be seen as irresponsible. “We really believe that we’ll look back five years from now, and...

Americans ready to pour $40 billion into bitcoin and the stock market as stimulus checks arrive: survey

Another round of stimulus checks could provide a shot in the arm for stocks and, especially, bitcoin, according to a survey released Monday by Mizuho...

‘Obviously, we had no idea it was going to get here,’ say the guys who made the first NFT

NFTs, or non-fungible tokens, are taking the digital world by storm — and raising fresh concerns about asset bubbles — more than three years after...

5 signs of a predatory credit card

Choosing the right credit card can be difficult, especially if you have poor credit (FICO FICO, -2.41% scores of 629 or lower) or are new to credit...

Bitcoin may replace bonds, Cathie Wood says

Bitcoin should be considered a new asset class, one that may even serve as a reserve currency in the future, ARK Invest’s Cathie Wood said...

Need to report bitcoin trades on your taxes? Here are 5 things to know first

Treasury Department Secretary Janet Yellen is not big on bitcoin, a point she reiterated recently when she called the digital currency speculative and “inefficient.” That...

Bitcoin’s 2021 rally is minting thousands of crypto ‘diamond hands’ millionaires

The recent rise of bitcoin toward all-time highs is creating millionaires, on paper, at a fairly rapid clip, according to data from BitInfoCharts. At last...

Square’s ‘Year of the Cash App’ finishes with debate over profits

Square Inc. capped off what one analyst called “The Year of the Cash App” with surging revenues and improved user growth for its mobile wallet,...

Stock market set for skid lower ahead of testimony by Fed’s Powell on economy

Stock-index futures were mostly lower Tuesday, with tech shares continuing to lead the way down, as investors monitored a sharp rise in bond yields and...

Is bitcoin headed to $100,000 in 2021 or is its price ‘unsustainable’?

Bitcoin prices were carving out fresh records Wednesday but where the cryptocurrency heads from here is an open question. A single bitcoin BTCUSD, +2.31% hit...

Tesla bitcoin gambit already made $1 billion, more than 2020 profit from car sales, estimates analyst

Much has been made about the hefty sum that Tesla Inc. has invested in bitcoin, a speculative asset that has only been around since 2009....

Affirm earnings top expectations, but stock slips

Affirm Holdings Inc. topped revenue expectations for its latest quarter and issued an upbeat forecast, but shares slipped in after-hours trading Thursday. The company, which...

7 credit card perks you should insist on this year

As you lay the groundwork for 2021 financial resolutions, take inventory of your credit cards to see if they’re still in line with your goals...

Mastercard joins net-zero climate club with ambitious pledge to bring most of its customers on board

Mastercard Inc. pledges to hit the equivalent of net-zero greenhouse gas emissions by 2050, an increasingly familiar refrain across major companies and government bodies as...

Bitcoin ETF? A crypto Holy Grail. But don’t expect to see one soon, say experts

Bitcoin prices are on the rise, notwithstanding a recent bout of weakness, but experts interviewed by MarketWatch caution that although it may feel inevitable, an...

Bitcoin sees bear-market skid — living up to its reputation for seismic price swings

Bitcoin prices entered bear-market territory over the weekend, typically defined as a decline from a recent peak of at least 20%. Stop us if you’ve...

This fund is betting millions on Kentucky whiskey and turning it into crypto assets. Here’s why

A California-based digital asset specialist purchased 2,500 barrels of new Kentucky whiskey by the end of 2020, betting that the barrels will increase in value...

Bitcoin price plunges over 10% to stage Thanksgiving correction

Bitcoin prices tumbled Thanksgiving Thursday, with the No.1 cryptocurrency, pulling back sharply just at it was on the verge of notching its first all-time high...

Visa tops earnings expectations but feels the sting from travel slowdown

Visa headquarters in Foster City, Calif., in 2019. Getty Images Visa Inc. saw its overall payment volume grow for its fiscal fourth quarter, but the...

Venmo’s new credit card has personalized rewards — it could affect perks across the industry

Venmo’s new credit card, by design, is meant to appeal to a younger demographic than a flashier card like the Chase Sapphire or American Express...

Square stands to benefit from growing usage of debit cards, analyst says

Square could see its interchange costs decline now that more U.S. spending is happening on debit cards, an analyst says. Square The COVID-19 crisis is...

Ant Group IPO: Five things to know about the Alibaba affiliate aiming for the largest offering in history

Ant Group could be headed for the largest initial public offering in history, as the Chinese financial-technology juggernaut chases a valuation that would rival the...

The second wave of a rolling bear market is about to begin, says top forecaster

A recent spate of stock drops, exacerbated by signs of a second wave of the coronavirus pandemic, is unsettling to say the least. The market...

Corporate bond issuance off to a bang in September

Corporate borrowing is off to the races. Getty Images Companies wasted no time going back to the borrowing trough after the long Labor Day weekend....