US Stocks Rise After Fed Rate Cut Hope and Earnings Data

U.S. stock indexes advanced on Friday as solid results from Microsoft lifted technology stocks and added to an upbeat mood following signs from New York Fed President John Williams that the central bank would lower interest rates this month. Microsoft Corp (MSFT.O), America’s most valuable company, gained 2.2% as strength in its cloud business helped […]

Bitcoin Drops on US Government Scrutiny of Facebook’s Libra

Bitcoin fell 8% on Tuesday, breaching $10,000 for the first time in two weeks after U.S. lawmakers grilled Facebook on its cryptocurrency plans, as political and regulatory scrutiny of digital coins intensifies. The biggest cryptocurrency fell to $9828.89 by around 1630 GMT after David Marcus, the company’s top executive overseeing the planned Libra project, answered […]

The Dow Breaks 27,000 for the First Time Ever

The Dow Jones Industrial Average rallied to a record high on Thursday, led by UnitedHealth shares, after testimony by Federal Reserve Chair Jerome Powell that signaled easier monetary policy could be implemented later this month. The 30-stock average broke above 27,000 for the first time in its history, before trading just below that level. The […]