Bitcoin records 7 consecutive weeks of losses. Could it turn around?

Bitcoin records 7 consecutive weeks of losses.  Could it turn around?

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch, and I’ll walk you through the latest and greatest in digital assets this week so far. Find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we … Read more

Don’t Trust Bitcoin Mining Data From China

Don’t Trust Bitcoin Mining Data From China

China has “re-emerged” as a major bitcoin mining hub in 2022, representing more than 20% of the Bitcoin network’s hash rate, according to new data from Cambridge’s Center for Alternative Finance (CCAF). The October 2021 data update from CCAF indicated that “mining operations in mainland China have effectively dropped to zero.” So, what caused this … Read more

Elon Musk proves once again that rules, norms don’t apply to him

Elon Musk proves once again that rules, norms don’t apply to him

Elon Musk has once again proven he’ll do things his own way, announcing Friday that his $ 44 billion deal to buy Twitter is on hold. He shared this news in a tweet rather than in a formal filing with the Securities and Exchange Commission. The drama over the deal has continued to play out … Read more

Block Investor Day 2022 Talks Bitcoin

Block Investor Day 2022 Talks Bitcoin

Block’s overarching purpose is to drive economic empowerment in the world and Bitcoin plays a central role in that mission, its chief executives said during the firm’s first Investor Day since 2017 on Wednesday. “We believe Bitcoin is going to have a profound impact on financial services, particularly as a tool for economic empowerment and … Read more

Hasbro slams activist investor’s proposed board directors amid proxy battle

Hasbro slams activist investor’s proposed board directors amid proxy battle

Game maker Hasbro. Justin Sullivan | Getty Images Hasbro is going on the offensive against an activist investor wants to add new members to the company’s board and spin off the lucrative unit that includes Dungeons & Dragons. On Wednesday, the toymaker issued a letter to shareholders detailing why its current slate of board nominees … Read more

Cisco (CSCO) earnings Q3 2022

Cisco (CSCO) earnings Q3 2022

Cisco shares plunged by as much as 17% in extended trading on Wednesday after the networking company said it generated lower quarterly revenue than analysts predicted and called for an unexpected sales decline in the current period. Here’s how the company did: Earnings: 87 cents per share, adjusted, vs. 86 cents per share as expected … Read more

Why this investor who paid $ 650,000 to lunch with Buffett isn’t buying or selling stocks right now

Why this investor who paid $ 650,000 to lunch with Buffett isn’t buying or selling stocks right now

It’s 13-F season, and you’re not going to find many like Guy Spier’s Aquamarine Capital in the first quarter —- zero buys, zero sells. “Pathetic, isn’t it,” Spier quips in an interview. Spier says he feels less pressure to trade for trading sake after he stopped charging management fees. He also cites the possibly apocryphal … Read more

5 things to know before the stock market opens Wednesday, May 18

5 things to know before the stock market opens Wednesday, May 18

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures fall as inflation claims another retailer Traders on the floor of the NYSE, May 17, 2022. Source: NYSE US stock futures dropped Wednesday as rising inflation slammed another retailer. Target sank 24% in the premarket, … Read more

Target (TGT) Q1 2022 earnings

Target (TGT) Q1 2022 earnings

Target on Wednesday reported quarterly earnings that fell far short of Wall Street’s expectations, as the retailer coped with pricey freight costs, higher markdowns and lower-than-expected sales of discretionary items from TVs to bicycles. Shares fell about 22% in premarket trading. Here’s what Target reported for the fiscal first quarter ended April 30, compared with … Read more

Dow climbs third straight day as stocks end sharply higher after retail sales, Fed Chair Powell’s remarks

Dow climbs third straight day as stocks end sharply higher after retail sales, Fed Chair Powell’s remarks

US stocks closed sharply higher Tuesday, after retail sales data for April suggested the economy remained healthy and as investors weighed remarks by Federal Reserve Chairman Jerome Powell. On Monday, the Dow ended less than 0.1% higher, the S&P 500 closed 0.4% lower and the Nasdaq fell 1.2%. The declines followed another losing week for … Read more