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    Analysis-China’s monetary volleys miss key threat to economic growth

    by skolnes September 25, 2024
    September 25, 2024

    By Liangping Gao, Ellen Zhang and Marius Zaharia BEIJING/HONG KONG (Reuters) – China’s central bank has shifted to a more aggressive easing stance, but its policy weapons don’t have the …

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    New record highs as Nvidia surge offsets weak consumer sentiment

    by skolnes September 25, 2024
    September 25, 2024

    Nvidia CEO Jensen Huang.I-Hwa Cheng/AFP/Getty Images US stocks reached new records on Tuesday, led by gains in Nvidia. A weak consumer confidence reading caused indexes to briefly drop early morning. …

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    Nvidia stock jumps on report CEO Jensen Huang is done selling shares after $713 million windfall

    by skolnes September 25, 2024
    September 25, 2024

    Slaven Vlasic/Getty Images for The New York Times; Chelsea Jia Feng/BI Nvidia stock closed 4% higher on a report that CEO Jensen Huang is done selling shares. Huang raked in …

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    China stocks soar in stimulus afterglow; dollar sags on rate bets

    by skolnes September 25, 2024
    September 25, 2024

    By Kevin Buckland TOKYO (Reuters) – Chinese stocks surged on Wednesday, lifting regional markets and helping extend a stimulus-fueled global rally that also underpinned risk-sensitive currencies, while Brent crude hovered …

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  • Cryptocurrency News

    Asian Stocks, Currencies Rise on China Optimism: Markets Wrap

    by skolnes September 25, 2024
    September 25, 2024

    (Bloomberg) — Asian shares rose as a rally fueled by China’s wide-ranging stimulus package lifted equities for a second day and strengthened the yuan. Most Read from Bloomberg Chinese stocks …

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    How stocks can roar by 10% into year-end, Citi US equity-trading head says

    by skolnes September 25, 2024
    September 25, 2024

    Business Insider The stock market could jump as much as 10% by the year-end, Citi’s stock-trading strategy head said. Stuart Kaiser told Bloomberg TV that the uber-bull case is now …

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  • Cryptocurrency News

    A laid-off Foot Locker employee shorted the stock and made over $100,000, authorities say

    by skolnes September 25, 2024
    September 25, 2024

    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, …

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  • Cryptocurrency News

    Which is the Better Stock Going Forward?

    by skolnes September 24, 2024
    September 24, 2024

    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 …

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    DOJ goes after payment giant Visa with new antitrust suit

    by skolnes September 24, 2024
    September 24, 2024

    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 …

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  • Cryptocurrency News

    Nvidia stock’s 20% drop is actually a good sign for the market, strategist says. Here’s why

    by skolnes September 24, 2024
    September 24, 2024

    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 …

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