Following the creation of the first cryptocurrency Bitcoin (BTC) in 2009, other cryptocurrencies such as Ethereum (ETH) and Ripple (XRP), followed suit to bring further attention to blockchain technology.
But there’s a lot of potential for the blockchain. According to recent research led by Vida J. Morkunas of Lulea University of Technology, Sweden and published by the Kelly School of Business, Indiana University:
“Emerging technologies regularly serve as enabling forces for economic, social, and business transformation.. [B]lockchain placed among the top five technology trends in 2018… Therefore, blockchain is predicted to challenge existing business models and offer opportunities for new value creation.”
As you probably know, the blockchain is a public digital ledger and a record-keeping technology. All transactions that have written in blocks are immutable, and information can never be erased. Furthermore, they are transparent to all parties in question.
And while blockchain-based decentralized cryptocurrencies, such as Bitcoin, draw
(Bloomberg) — Stocks fell on speculation that their recent rally has outpaced prospects for a quick end to the stalemate over fresh economic stimulus. Treasuries and the dollar climbed.
Banks led losses in the S&P 500, with JPMorgan Chase & Co. and Citigroup Inc. sinking even after better-than-expected earnings, as investors worried that the quarter signaled just a pause in pain from soured loans. Tech shares outperformed as Apple Inc. unveiled its iPhone 12 line with 5G speeds and Amazon.com Inc.’s Prime Day sale kicked off. Delta Air
A big week for Apple and Amazon is buoying tech stocks, pushing the Nasdaq Composite back to the lofty levels it reached in late August. That may raise eyebrows, but good luck finding true skeptics.
What’s happening: Apple is due to unveil its latest iPhones on Tuesday at a highly-anticipated event, while Amazon has launched its flagship Prime Day sale, marking an early start to the holiday shopping season.
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Expectations for the Apple event drove the company’s shares up more than 6% on Monday, and they’re up another 2% in premarket trading. Amazon’s stock jumped almost 5%
(Reuters) – Australian shares settled higher on Tuesday for the seventh straight session, as financials jumped on some economic optimism and dividend hopes, and technology stocks tracked Wall Street higher.
FILE PHOTO: Pedestrians are reflected in a window displaying stock prices at the Australian Securities Exchange (ASX) in Sydney, Australia, February 13, 2018. REUTERS/David Gray
The S&P/ASX 200 index .AXJO rose 1% to 6,195.70, adding about 7% during the seven sessions of gains through Tuesday.
Financials .AXFJ closed 1.7% higher, after having hit their highest level since Aug. 12 earlier in the session, with the “Big Four” banks adding between 1.7% and 3.3%.
“There are some signs that there is a bit of optimism for the economy moving forward, and that’s helping banks have a pretty good run,” said James Tao, a market analyst at CommSec.
Last week, the Australian government pledged billions in tax cuts and measures to boost
U.S. stocks jumped sharply Monday, propelled by technology stocks that led major indexes to their highest closing values in nearly six weeks.
All three major U.S. indexes climbed for the fourth consecutive session. The S&P 500 rose 57.09 points, or 1.6%, to 3534.22—its second-highest close in history. The Dow Jones Industrial Average rallied 250.62 points, or 0.9%, to 28837.52.
The Nasdaq Composite surged 296.32 points, or 2.6%, to 11876.26, its third-highest close. All three indexes are closing in on their early September highs after a recent stretch of volatility.
Megacap companies including
Apple
and
Amazon.com
were among the strongest performers, jumping 6.4% and 4.8%, respectively. Apple is set on Tuesday to unveil a 5G-enabled iPhone, which some investors hope could fuel the kind of sizable growth that stemmed from previous technological advancements for the iPhone.
Amazon
is kicking off its Prime Day of shopping deals Tuesday.
NEW YORK, Oct 12 (Reuters) – Asian stocks were set to rise on Tuesday as a renewed tech rally and fresh optimism that Washington would deliver a coronavirus relief package helped lift global equity markets.
Shares in Apple Inc AAPL.O surged 6.4% on Wall Street on Monday ahead of an expected debut of its latest iPhone on Tuesday, helping boost technology stocks, while Amazon AMZN.O rallied 4.8% ahead of its Prime Day shopping event this week.
CommSec Senior Economist Ryan Felsman said a COVID-19 resurgence in Europe and the United States is partly fueling the tech rally.
“Once again, there is a desire to hold the stay-at-home types of technology stocks…which will still generate profits and will be greatly oriented to a more challenging economic environment,” Felsman said.
On Wall Street, the Nasdaq Composite .IXIC on Monday staged its biggest one-day rally in a month, jumping
NEW YORK (Reuters) – Asian stocks were set to rise on Tuesday as a renewed tech rally and fresh optimism that Washington would deliver a coronavirus relief package helped lift global equity markets.
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Shares in Apple Inc surged 6.4% on Wall Street on Monday ahead of an expected debut of its latest iPhone on Tuesday, helping boost technology stocks, while Amazon rallied 4.8% ahead of its Prime Day shopping event this week.
CommSec Senior Economist Ryan Felsman said a COVID-19 resurgence in Europe and the United States is partly fueling the tech rally.
“Once again, there is a desire to hold the stay-at-home types of technology stocks…which will still generate profits and will be greatly oriented to a
NEW YORK — Solid gains for technology stocks pushed Wall Street higher Monday, tacking more gains onto last week’s rally. The S&P 500 rose 1.6%. Big Tech companies including Apple and Amazon, whose businesses have been thriving despite the pandemic, led the way higher. Companies that depend more on broad growth in the economy didn’t rise as much. Investors are still waiting to see whether Washington can get past its partisan divide to deliver more support for the economy. This week also marks the start of earnings reporting season, when CEOs will detail how their companies fared from July through September.
THIS IS A BREAKING NEWS UPDATE: AP’s earlier story appears below.
Stocks are pushing higher on Wall Street in afternoon trading Monday and tacking more gains onto last week’s market rally, its best in three months.
The S&P 500 was 2% higher, following up on strengthening in stock markets
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(Reuters) – Wall Street’s main indexes rose for a fourth straight session on Monday, helped by a tech boost and on optimism that Washington would reach a deal over more fiscal support, with investors also gearing up for the third-quarter corporate earnings season.
Apple Inc was a major support for the three main stock indexes with a 3.6% gain ahead of a special event on Tuesday, which most analysts believe will be used to unveil the new iPhone with 5G capabilities.
Amazon.com Inc climbed 3.5% ahead of its annual Prime Day shopping event on Oct. 13 and 14.
The Trump administration on Sunday called on Congress to pass a stripped-down coronavirus relief bill as negotiations on a broader package ran into resistance.
“The widening lead for the Democrats lessens the likelihood of
Press release content from Newswire. The AP news staff was not involved in its creation.
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NEW YORK – October 12, 2020 – ( Newswire.com )
Investors will be closely monitoring the tech sector as election season ramps up in the United States, and C-suite tech executives will be looking to make every effort to boost brand perception in that time leading up to Nov. 3. With Newswire’s Financial Distribution Platform, tech leaders can effectively distribute their company news, updates and performance reports to the nation’s most-read financial outlets and publications to effectively increase brand awareness during this crucial time in the country’s history.
Tech shares soared as a result of the coronavirus pandemic, as millions of Americans were limited to their homes during the lockdown periods that went into effect in early March of this year. Since then, American households became shared workspaces, schools, entertainment
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![a person holding a sign: People wearing protective face masks, following an outbreak of the coronavirus, are reflected on a screen showing Nikkei index, outside a brokerage in Tokyo](https://www.msn.com/{"default":{"load":"default","w":"80","h":"53","src":"//img-s-msn-com.akamaized.net/tenant/amp/entityid/BB19XnxL.img?h=533&w=799&m=6&q=60&o=f&l=f"},"size3column":{"load":"default","w":"62","h":"42","src":"//img-s-msn-com.akamaized.net/tenant/amp/entityid/BB19XnxL.img?h=417&w=624&m=6&q=60&o=f&l=f"},"size2column":{"load":"default","w":"62","h":"42","src":"//img-s-msn-com.akamaized.net/tenant/amp/entityid/BB19XnxL.img?h=417&w=624&m=6&q=60&o=f&l=f"}})
