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A laid-off Foot Locker employee shorted the stock and made over $100,000, authorities say
Financial watchdogs charged a 56-year-old New Yorker with insider trading on Tuesday, alleging the executive knew in advance that Foot Locker’s disappointing earnings would trigger a stock selloff. In total,…
Blackrock’s Head of Crypto Sees Bitcoin as ‘Risk Off’ Asset Despite Stock Correlation
Blackrock’s digital asset chief sees bitcoin as a “risk-off” asset even though it has shown a pattern aligned with U.S. stocks. He drew parallels between bitcoin and gold, pointing to…
Analyst Says Just a Matter of Time Before Altcoin Season, Sees One Coin Mirroring Massive 2021 Solana Surge
A closely followed analyst and trader thinks that altcoins are gearing up to have their time under the sun and outperform Bitcoin (BTC). Crypto strategist Ali Martinez tells his 72,200…
Lawmakers Question SEC Over Disruptive Crypto Custody Rules
Congressional leaders are pressing regulators over concerns that the U.S. Securities and Exchange Commission (SEC)’s new guidelines on digital asset custody could disrupt financial innovation and regulatory collaboration. Lawmakers question…
Which is the Better Stock Going Forward?
Today I’m having a look at Costco and Target; two fellow big box retailers. Shares of retail powerhouse Costco (COST) have risen about 63%% over the past year, while Target…
Survey Shows 34.6% of Young Investors in Brazil Hold Cryptocurrency in Their Portfolios
A survey conducted by Rico, an investment platform in Brazil, revealed young investors’ preference for cryptocurrency as an investment tool. According to the results, 34.6% of all investors aged 24…
DOJ goes after payment giant Visa with new antitrust suit
The US Justice Department went after Visa (V) on Tuesday in a federal antitrust lawsuit alleging that the company illegally used the scale of its vast card processing network to…
Argentina Rejects UN Pact for the Future as Milei Breaks With International Agenda
The government of Argentina has refused to endorse the United Nations Pact for the Future, a framework that proposes solutions for “the biggest challenges of our time.” Foreign Minister Diana…
Nvidia stock’s 20% drop is actually a good sign for the market, strategist says. Here’s why
Tony Roth, chief investment officer for Wilmington Trust Investment Advisors (MTB), spoke with Quartz for the latest installment of our “Smart Investing” video series. Watch the interview above and check…
Ex-Alameda CEO Caroline Ellison Receives 24-Month Sentence
On Tuesday, Sept. 24, 2024, Caroline Ellison, the former CEO of Alameda Research, was sentenced to 24 months in prison after admitting to her involvement in several crimes. The courtroom…
Cathie Wood’s Ark Invest Buys $4.5M Of PayPal And $3.5M Of Pinterest Shares, Continues Offloading Palantir
Cathie Wood’s Ark Invest Buys $4.5M Of PayPal And $3.5M Of Pinterest Shares, Continues Offloading Palantir Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through…
Early Ethereum Investor Prints 837,964% Gains, Deposits ETH to Crypto Exchange Kraken: Lookonchain
An original Ethereum investor has suddenly moved millions of dollars of ETH after remaining inactive for years, according to blockchain tracking firm Lookonchain. Lookonchain notes that the whale participated in…
Why Nvidia Stock Rallied on Tuesday
Shares of Nvidia (NASDAQ: NVDA) surged higher on Tuesday, jumping as much as 4.8%. As of 3:20 p.m. ET, the stock was still up 4%. The catalyst that sent the…
Economist Jim Rickards: Fed’s Narrative Is Wrong, Recession Coming
Jim Rickards, a renowned economist and author of several best-selling books, has explained that the recent Federal Reserve 0.5% interest rate cut shows that the institution has fallen behind the…
BNY Mellon targets crypto ETF custody post-SAB 121 review
Following an exemption from an SEC staff accounting bulletin, BNY Mellon edged closer to Bitcoin and Ethereum custody. Bloomberg reported that BNY Mellon was poised to provide crypto custodial services…
Animoca Brands, The Sandbox, and Smobler Launch Virtual Peace Sanctuary in Metaverse
Animoca Brands, a company specializing in digital property rights and gaming, alongside The Sandbox, a decentralized virtual world, and Smobler, a metaverse architecture firm, have launched the virtual Universal Peace…
Nvidia, Freeport-McMoRan, Visa, and More
Feature China / Contributor / Getty Images Key Takeaways Major U.S. stock indexes were slightly higher at midday Tuesday, as U.S.-traded shares of Chinese companies rose after Beijing unveiled a…
Zimbabwe’s Central Bank to Shield Gold-Backed Currency From Market Volatility
Zimbabwe’s central bank governor, John Mushayavanhu, has stated that the bank might use its foreign currency reserves to protect the Zimbabwe Gold (zig) from severe market disruptions. He also pledged…
Donald Trump Says He’ll Cut Your Automobile Insurance In Half. People Push Back And Ask Him If He’ll Use Government Price Controls To Do It
Donald Trump Says He’ll Cut Your Automobile Insurance In Half. People Push Back And Ask Him If He’ll Use Government Price Controls To Do It Former President Donald Trump recently…
It’s Much, Much More Than Your Son Or Nephew Has
Can You Guess How Much Money Warren Buffett Saved Up By The Time He Was 15? Hint: It’s Much, Much More Than Your Son Or Nephew Has When you think…
US Miners Gain Ground as Chinese Pools Lead Bitcoin Hashrate: Cryptoquant
According to metrics shared by Ki Young Ju, the founder and CEO of cryptoquant.com, mining pools in China currently dominate 55% of Bitcoin’s network hashrate, while U.S.-based mining pools control…
Intel launches new AI chips as takeover rumors swirl
Intel (INTC) revealed a pair of artificial intelligence chips on Tuesday as it seeks to improve its data center business and steal market share from rivals AMD (AMD) and Nvidia…
Lady of Crypto will be ‘all out of crypto’ by September 2025: X Hall of Flame
Hodling isn’t the game plan for crypto influencer Lady of Crypto — she plans to cash out her entire crypto portfolio next year. “I intend to be all out of…
Memebet Presale Gains Momentum as Analysts Call It the Next Big Meme Coin
Memebet (MEMEBET) is the new meme coin everyone’s talking about. This GambleFi project has already raised over $270,000 in presale, and it’s not slowing down. Some analysts are even calling…