business news

Bitcoin’s rough patch looks like the Nasdaq during the tech bubble — except it’s moving 15 times faster

Bitcoin fell as much as 70% from its mid-December high through its recent early-February low. The cryptocurrency’s price chart mirrors that of the Nasdaq Composite Index during the dotcom bubble era, but there’s a catch. Historical fluctuations in the Nasdaq should provide a template for how bitcoin will trade going …

business news

‘China is not afraid’: China strikes back at Trump with new tariffs as trade fight escalates

President Donald Trump announced new tariffs on $50 billion worth of Chinese goods on Thursday. Chinese officials strongly condemned the move. “China does not want a trade war with anyone,” said the Chinese Embassy in Washington, DC. “But China is not afraid of and will not recoil from a trade …

business news

Bill Ackman reportedly cashes out of his Nike investment after making about $100 million

Pershing Square CEO Bill Ackman has cashed out his stake in Nike after making about $100 million, according to Dow Jones.  Ackman recently exited a years-long bet in Herbalife that reportedly cost him hundreds of millions of dollars.  The apparel maker is set to report earnings after the market close …

business news

Dow plummets more than 700 points as Trump’s China tariffs ignite fears of trade war

US stocks saw deep losses Thursday amid escalating trade tensions as President Donald Trump planned to unveil roughly $50 billion in tariffs on Chinese exports. Industrial, financial, and technology stocks led major indexes lower. Follow the Dow Jones industrial average in real time. US stocks declined Thursday as President Donald Trump announced …

business news

Facebook shares are up after a rough 2 days (FB)

Facebook is up Wednesday, after a tough two days where around $50 billion was wiped off the company’s market capitalization.  Watch the stock trade in real time here. Facebook shares are up more than 2% to a high of $173 apiece Wednesday. The gain comes after a rough two days …