Tag: cryptocurrency

Stocks slated to rise for a second day as Dow futures add 100 points

Written by Cape Coral Mortgage Syndicated User on May 21, 2021. Posted in Business, Cape Coral Mortgage, Mortgage Cape Coral.

NEW YORK / CNBC — Stock futures moved further into the green early Friday morning after major averages rebounded from a three-day losing streak in the last session, which was led by technology shares. Futures on the Dow Jones Industrial Average indicated an opening gain of about 101 points. S&P 500 futures increased by 0.3 percent and Nasdaq rising by 0.2 percent. Bitcoin, which shook markets with a 30 percent collapse earlier in the week, was stable for a second day around the $40,000 range. Major tech shares were set to continue their rebound. Tesla was higher by 2% in premarket...

Scammers posing as Elon Musk are stealing from young investors, FTC says

Written by Cape Coral Mortgage Syndicated User on May 17, 2021. Posted in Business, Cape Coral Mortgage, Mortgage Cape Coral.

CNBC — Scammers pretending to be Elon Musk have stolen at least $2 million from cryptocurrency investors over the past six months, the Federal Trade Commission said. Con artists are stealing from people in so-called “giveaway scams” where people pose as celebrities or known figures in the crypto-world. They promise to “multiply” the cryptocurrency that investors send — but pocket the crypto instead, CNBC reported. These crypto-scams have surged since October, hitting their highest level on record in the first quarter of 2021, according to FTC data. The timing line up with a...