Cryptocurrency News
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Fed draws veil over post-election easing
A look at the day ahead in U.S. and global markets from Mike Dolan Faced with another monthly round of stubborn inflation and uncertainty about fiscal, tariff and immigration policy…
Wall Street ponders a potential debt reckoning from Trump spending plans: Morning Brief
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: Now that Donald Trump has been elected to…
Investors circle the Trump trade’s global market victims
By Naomi Rovnick LONDON (Reuters) – Big global investors are exiting popular trades that bet on US President-elect Donald Trump’s tax and tariff policies boosting Wall Street and wreaking damage…
Michael Saylor Is Planning A Bitcoin $100K Party At His House, Expects End Of War On Crypto Under Trump
Michael Saylor Is Planning A Bitcoin $100K Party At His House, Expects End Of War On Crypto Under Trump Michael Saylor, CEO of MicroStrategy Inc. (NASDAQ:MSTR), deemed the Donald Trump-led…
Bitcoin Speculative Fervor Cools, Traders Await Next Trump Steps
(Bloomberg) — The speculative frenzy around Bitcoin since Donald Trump’s US election victory is moderating both in the spot and derivatives markets. Most Read from Bloomberg The largest digital asset…
Analysis-Traders chase post-election stock gains in US options market
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Options players are piling in to riskier bets across the U.S. stock market, supporting a rally that has come on the back…
Indexes fall as Powell says the Fed is in no hurry to cut interest rates
Federal Reserve Bank Chair Jerome PowellChip Somodevilla/Getty Images Indexes slipped Thursday as traders focused on remarks from Fed Chair Jerome Powell. Powell said the Fed is in no hurry to…
Asian Stocks Gain on China Recovery, Weaker Dollar: Markets Wrap
(Bloomberg) — Asian equities climbed, aided by some encouraging signs in China’s economy and a retreat in the dollar. Most Read from Bloomberg The MSCI Asia Pacific Index rose 0.4%,…
Trump’s AG Pick Matt Gaetz Once Proposed Collecting Federal Income Taxes In Bitcoin, Along With Co-sponsoring Bill To Abolish The Fed
Trump’s AG Pick Matt Gaetz Once Proposed Collecting Federal Income Taxes In Bitcoin, Along With Co-sponsoring Bill To Abolish The Fed President-elect Donald Trump has picked Rep. Matt Gaetz (R-Fla.)…
Why billionaire investor David Einhorn is loading up on a struggling agriculture stock ‘no one cares about’
David Einhorn, President, Greenlight Capital, Inc.Reuters Famed value investor David Einhorn says he’s betting on CNH Industrial. The stock is trading cheap, but has upside as an agricultural boom mounts,…
3 drivers of the stock market’s bull rally are hitting extremes and point to lower returns ahead, economist says
Adobe Firefly, Tyler Le/BI Stock market gains will slow as key drivers like valuations and rates hit extremes, David Rosenberg said. He said operating earnings would need to surge to…
Billionaire Investor Trims Alibaba After Saying Buy ‘Everything’ China
(Bloomberg) — Turns out that Billionaire investor David Tepper, who said recently he would buy “everything” China-related amid Beijing’s stimulus blitz, trimmed exposure in e-commerce giant Alibaba Group Holding Ltd.…
Indexes mixed as traders digest wholesale inflation and await Powell’s remarks
Fed Chair Jerome PowellBonnie Cash/Getty Images Indexes wavered Thursday as traders received wholesale inflation data. The producer price index showed prices rising 0.2% last month as expected. Markets will be…
Buffett’s Berkshire Buys Stakes in Domino’s and Pool Corp.
(Bloomberg) — Berkshire Hathaway Inc. bought stock in Domino’s Pizza Inc. and Pool Corp. during the third quarter as Chairman Warren Buffett cut back on some long-held investments. Shares of…
Applied Materials forecasts quarterly revenue below estimates on weak demand
(Reuters) – Applied Materials (AMAT) forecast first-quarter revenue below Wall Street estimates on Thursday, a sign of sluggish demand for the chipmaking equipment outside of AI-powered chips, sending its shares…
Dow, S&P 500, Nasdaq slide as Powell says Fed in no ‘hurry’ on rate cuts
US stocks slid on Thursday as the post-election rally stalled further and investors assessed remarks from Federal Reserve Chair Jerome Powell, who said in a speech that the central bank…
Disney stock jumps as earnings, streaming profit, and guidance top estimates
Disney stock (DIS) popped on Thursday after the company reported fiscal fourth quarter earnings per share and revenue that topped Wall Street estimates and its direct-to-consumer business built on recent…
Why Nu Holdings Stock Is Plummeting Today
Nu Holdings‘ (NYSE: NU) stock is sinking in Thursday’s trading following the company’s third-quarter release. The Brazil-based fintech‘s share price was down 7.9% as of 12:15 p.m. ET. Nu published…
Dow, S&P 500, Nasdaq slip with Powell speech, Trump-led sweep in focus
US stocks were little changed on Thursday as investors waited for a Jerome Powell speech to set the tone for interest rate cuts and assessed the impact of a Republican…
Why Rivian Stock Dropped Thursday
Rivian Automotive (NASDAQ: RIVN) stock is hitting the brakes today after it spiked nearly 14% yesterday. That jump came after the company announced final terms for a joint venture (JV)…
Cava stock on a tear as fast-casual players continue to outperform the industry
Fast-casual chains continue to outpace the wider food industry in growth as value conscious diners demand affordable prices and experiences. Mediterranean chain Cava (CAVA) beat Wall Street estimates Tuesday afternoon,…
Disney posts earnings beat as streaming profit, guidance top estimates
Disney (DIS) on Thursday reported fiscal fourth quarter earnings per share and revenue that topped Wall Street estimates, as its direct-to-consumer business built on recent momentum and swung to a…
Dow futures tick higher with Powell speech, Trump-led sweep in focus
US stock futures nudged slightly higher on Thursday as investors waited for a Jerome Powell speech to set the tone for interest-rate cuts and assessed the impact of a Republican…
ASML Maintains Bullish 2030 Outlook on AI-Driven Demand
(Bloomberg) — ASML Holding NV, the Dutch maker of advanced chip-making machines that are critical to global supply chains, reaffirmed its long-term revenue outlook as it bets on an artificial…