Ahead of a new trading week, investors may want to see Friday’s market rally gather momentum. With earnings season approaching its last leg, retail earnings are expected to flow in thick and fast. The market may also take cues from a slew of Fed speeches scheduled for the week and the economic reports on industrial production and retail sales.
Here’s a recap of a few major headlines that hit the wire over the weekend.
1. Buffett Can’t Stay Away From Bitcoin: Billionaire investor Warren Buffett, who has made no bones about his anti-crypto belief, has a tangential brush with Bitcoin (CRYPTO: BTC).
Nu Holdings Ltd. (NYSE: NU), a Brazilian bank in which Buffett has a position, is launching the trading of both Bitcoin and Ethereum (CRYPTO: ETH) for customers. The bank’s parent company has also opted to invest 1% of its cash in Bitcoin.
In a separate development, technical traders pointed out that Bitcoin has strung together seven weekly red candles in a row for the first …
Full story available on Benzinga.com