A technical signal that hinted at previous turning points for the US stock market has arrived for the first time in nearly three years, according to data provided by its creator. But some on Wall Street suspect it may not be as reliable as it once was. The technical indicator, which is simply known as …
After a tumultuous 2022, crypto investors are trying to figure out when bitcoin’s next bull run might take place. Last week, at a crypto conference in St. Moritz, Switzerland, CNBC spoke with industry insiders who painted a picture of 2023 as a year of caution. Bitcoin should trade in a range, be sensitive to macroeconomic …
Tim Draper, founder and managing partner of Draper Associates and Draper University, balked at comparing the stunning implosion of crypto trading platform FTX to famed biotech startup Theranos, in a conversation with MarketWatch. . “It’s not like Theranos,” he said. In a phone interview on Friday, Draper said he was unaware of any comparison between …
