Tag: stocks

  • E-commerce stocks rally after Black Friday shoppers spend record online

    Shoppers turned out in full force on Thanksgiving and over the Black Friday weekend, largely shunning physical stores for the comfort of clicking buy online from their couches. Black Friday online spending reached a record $9.8 billion in the U.S., up 7.5% from a year earlier, according to Adobe Analytics. Online sales on Cyber Weekend,…

  • Bitcoin mining stocks tumble after the cryptocurrency briefly touches $49,000

    Bloomberg | Bloomberg | Getty Images Bitcoin miners fell Thursday, giving back earlier gains, as the price of the cryptocurrency retreated in volatile trading following the U.S. Securities and Exchange Commission’s approval of the first U.S. spot bitcoin exchange-traded funds. The two biggest mining stocks, Marathon Digital and Riot Platforms, each lost more than 15%. Wall Street favorites Iris…