Cryptocurrency News
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Trump transfers his stake in Trump Media to revocable trust
(Reuters) -U.S. President-elect Donald Trump has moved the stake he owns in Trump Media & Technology to a revocable trust. Trump transferred 114.75 million shares, or 53% of Trump Media…
US PCE inflation cools in November
(Reuters) -The personal consumption expenditures (PCE) price index rose a less-than-expected 0.1% in November, marking a cooler inflation picture than October’s unrevised 0.2% gain, and, combined with solid but disappointing…
Fed’s preferred inflation gauge shows price increases fell in November
The latest reading of the Federal Reserve’s preferred inflation gauge showed price increases fell month over month in November but still remained sticky as the central bank fights to bring…
America’s only leading-edge chip manufacturer faces an uncertain future and lawsuits
Intel’s (INTC) fall from grace seemed to happen all at once. Shares of the once iconic chipmaker plummeted 60% in 2024. The company posted the biggest loss in its 56-year…
Citi stays Buy on Micron despite worse than expected guidance
https://www.tipranks.com/news/the-fly/citi-stays-buy-on-micron-despite-worse-than-expected-guidance Citi says Micron (MU) reported strong results but guided below the firm’s recently-lowered estimates as the weakness in NAND and excess DRAM inventory in the PC and handset end…
Analyst Report: Accenture PLC
Analyst Report: Accenture PLC Source Link
Pinnacle West Capital Corporati (PNW) Stock Forecasts
Summary Pinnacle West Capital, based in Phoenix, generates and delivers electricity, and sells energy-related products and services to retail and wholesale customers in the western U.S. The company owns and…
Government shutdown and tariff fears jar year-end markets
A look at the day ahead in U.S. and global markets from Mike Dolan U.S. government shutdown fears and fresh trade war threats cast another cloud over Wall Street as…
Money market account rates today, December 20, 2024 (up to 5.00% APY return)
Between March 2022 and July 2023, the Federal Reserve raised its benchmark rate 11 times. As a result, money market account (MMA) interest rates rose sharply. However, the Fed slashed…
Bitcoin Is Great, but Here Are 3 Altcoins Worth Considering in 2025
The launch of the spot Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs) in January was a landmark event. For good reason, the ETFs are widely seen as one of the primary…
Nvidia’s Deal to Buy Israel’s Run:ai Wins Unconditional EU Nod
(Bloomberg) — Nvidia Corp. won unconditional European Union approval to buy Israeli startup Run:ai, which develops software for handling artificial intelligence computing resources. Most Read from Bloomberg The European Commission…
Oil Headed for Weekly Loss Amid Demand Fears
Oil prices were on track for weekly losses of roughly 3%, pressured by a stronger U.S. dollar and worries about global demand growth. Brent crude and WTI were both down…
History Says the Nasdaq Will Soar in 2025. 1 Stock-Split Stock to Buy Before It Does
The Nasdaq Composite has been on an epic run over the past couple of years, driven higher by the recovering economy, the rapid adoption of artificial intelligence (AI), an undisputed…
Oil falls on demand growth concerns, robust dollar
By Jeslyn Lerh SINGAPORE (Reuters) -Oil prices fell on Friday on worries about demand growth in 2025, especially in top crude importer China, putting global oil benchmarks on track to…
The market plunge will trigger dormant sell signals if stocks don’t recover ‘dramatically,’ technical analyst warns
Adobe Firefly, Tyler Le/BI Stocks need to recover decisively by Friday to avoid tripping a sell signal, analyst Katie Stockton said. If certain technical indicators flash, it would hint at…
FedEx to spin off its freight trucking business
By Lisa Baertlein and Abhinav Parmar (Reuters) -FedEx announced the much-anticipated spinoff of its freight trucking division on Thursday, as it restructures its operations to focus on its core delivery…
Stocks tanked after the Fed signaled fewer rate cuts next year. Here’s what Wall Street analysts see ahead.
Federal Reserve Chair Jerome Powell surprised markets on Wednesday evening.Jacquelyn Martin/AP The Federal Reserve cut its benchmark interest rate Wednesday to between 4.25% and 4.5%. The central bank also projected…
Big Lots Sale to Nexus Falls Apart, Plans to Close Business
(Bloomberg) — Bankrupt retailer Big Lots Inc. no longer anticipates it can complete its asset sale to private equity firm Nexus Capital Management LP and will commence the sale of…
Office Rebound Expected in 2025 While Other Real Estate Stocks to See Trouble
(Bloomberg) — It’s been a challenging couple of years for real estate stocks since the Federal Reserve started raising interest rates in 2022, as borrowing costs soared and the property…
The Fed is sounding more hawkish. Those voices may get louder in 2025.
The Federal Reserve is sounding more hawkish in the face of stubborn inflation, and those voices could get even louder in 2025. Some new members of the Fed’s rate-setting committee…
The Fed’s ‘pivot’ brought market uncertainty to the forefront
Markets sold off on Wednesday as Federal Reserve Chair Jerome Powell explained why the central bank is expecting to cut interest rates at a slower pace than it had previously…
Darden Restaurants, CarMax, Micron Technology, and More
Scott Olson / Staff / Getty Images Major U.S. indexes rallied at midday Thursday, rebounding from Wednesday’s selloff as a report showed the U.S. economy expanded more than anticipated in…
Micron stock plummets as weak outlook overshadows AI opportunity
Micron (MU) stock plummeted more than 17% early Thursday on weaker-than-expected guidance for the current quarter despite burgeoning demand for AI chips. The memory chipmaker, which counts Nvidia (NVDA) as…
US home sales hit fastest pace since March with more properties up for sale
Sales of previously occupied U.S. homes rose in November to their fastest pace since March with home shoppers encouraged by a wider selection of properties on the market, even as…