Cryptocurrency News
2,421 articles
Futures slip as markets await inflation data for clues on Fed’s rate path
(Reuters) – U.S. stock index futures edged lower on Wednesday as an uptick in Treasury yields weighed on rate-sensitive equities ahead of crucial inflation data that will offer more signals…
1 AI Stock May Be Worth More Than Apple, Microsoft, Amazon, and Tesla Combined by 2030, According to a Wall Street Analyst
Beth Kindig, technology analyst at the I/O Fund, thinks Nvidia (NASDAQ: NVDA) will ride the artificial intelligence (AI) boom to a $10 trillion valuation by 2030. Should that forecast prove…
BNP lays off a dozen China dealmakers amid fee plunge
HONG KONG (Reuters) – France’s BNP Paribas has cut a dozen jobs in mainland China and Hong Kong, a source with knowledge of the matter told Reuters, the latest among…
Bitcoin Rally Cools After Jump of About 30% Since Trump Victory
(Bloomberg) — A surge in Bitcoin has paused as traders assess the remaining market impact of President-elect Donald Trump’s rhetorical support for crypto. Most Read from Bloomberg The digital asset…
Rest of World’s Markets Broken By Trump’s America-First Plan
(Bloomberg) — Donald Trump’s election victory has catapulted US stocks to fresh records and pushed the dollar to a two-year high. It’s anything but good news for the rest of…
China Begins to Market Its First Dollar Bonds in Three Years
(Bloomberg) — China is marketing dollar bonds in Saudi Arabia, marking the country’s first debt sale in the US currency since 2021. Most Read from Bloomberg It’s offering the three-year…
Stocks slide on unease over jump in bond yields as US inflation eyed
By Kevin Buckland TOKYO (Reuters) – Asian stocks slumped on Wednesday as a sharp rise in U.S. bond yields unnerved investors ahead of key inflation data that could inform the…
China says TSMC chip curbs undermine interests of Taiwan companies
HONG KONG (Reuters) – China’s Taiwan Affairs Office said on Wednesday that a U.S. order to Taiwan Semiconductor Manufacturing Co to halt shipments of advanced chips to some Chinese customers…
Spirit Nearing Bankruptcy Deal That Would Wipe Out Shareholders
(Bloomberg) — Spirit Airlines Inc. is closing in on a deal with creditors that would restructure its crushing debt load in bankruptcy court after discussions for a tie-up with rival…
Dollar Gains Before US CPI as Rate Bets Are Pared: Markets Wrap
(Bloomberg) — The dollar climbed for a fourth day and Asian stocks fell ahead of key inflation data that may further sap confidence in the pace of Federal Reserve interest-rate…
Trump rally slows with stocks at record highs ahead of new economic data
A stock trader at work at the New York Stock Exchange on February 24, 2020.Johannes Eiselle/Getty Images Indexes edged up on Tuesday as markets eyed incoming inflation data this week.…
Spirit Airlines prepares to file for bankruptcy, WSJ reports
(Reuters) -Spirit Airlines is preparing to file for bankruptcy protection after merger talks with Frontier Airlines broke down, the Wall Street Journal reported on Tuesday, citing people familiar with the…
3 risks that could derail the Trump trade in stocks, Morgan Stanley says
President-elect Donald Trump was a frequent visitor to Michigan during the 2024 campaign.AP Photo/Alex Brandon Trump’s election win has sent the US stock market to fresh highs. Morgan Stanley says…
Volkswagen Boosts Bet on Rivian’s EV Tech by $800 Million
(Bloomberg) — Volkswagen AG and Rivian Automotive Inc. named leaders for their multibillion-dollar joint venture and showcased a prototype electric vehicle, signaling their commitment even as global EV demand softens…
Are You On Track To Retire Rich? Here’s The Nest Egg You Need To Be Considered a Wealthy Retiree
Retirement planning feels like solving a puzzle with half the pieces hidden. You know you’re supposed to save, but how much is enough to secure a comfortable – or even…
Buffett’s Berkshire Is Being Packaged Into a Leveraged ETF
(Bloomberg) — Warren Buffett created Berkshire Hathaway Inc.’s (BRK-B) Class B shares almost 30 years ago to stymie money managers who sought to split the high-priced conglomerate’s stock. Most Read…
Analyst Report: Merck & Co Inc
Analyst Report: Merck & Co Inc Source Link
Inflation ‘unlikely to show much progress’ in October as Fed debates year-end rate cuts
October’s Consumer Price Index (CPI) will serve as the latest test of whether an inflation resurgence is a risk to the US economy as the Federal Reserve debates its next…
Wall Street makes wagers on the likely winners and losers in a second Trump term
NEW YORK (AP) — Wall Street is already making big bets on what take two for a White House led by Donald Trump will mean for the economy. Since Election…
Warren Buffett Told Young Investors To Buy Homes Instead Of Stocks, Calling 30-Year Mortgages ‘A Terrific Deal’
When Warren Buffett gives advice, people tend to listen. In 2012, he weighed in on the classic young investor’s question – should I buy stocks or my first home? Speaking…
Exclusive-Pfizer explores sale of hospital drugs unit, sources say
By Anirban Sen NEW YORK (Reuters) – Pfizer (PFE) is exploring the sale of its hospital drugs unit, as the drugmaker, which has been under pressure from activist investor Starboard…
EVgo Q3 Sales Surge 92% As Charging Revenues And Customer Growth Drive Performance; Stock Jumps
EVgo Inc (NASDAQ:EVGO) shares are trading higher after the company reported third-quarter sales growth of 92% year-on-year to $67.535 million, beating the consensus estimate of $65.952 million. Revenue growth was primarily driven by year-over-year increases in charging network and eXtend revenues. EVgo’s network…
Elon Musk-loving day traders are sweeping speculative markets
(Bloomberg) — Elon Musk’s day-trading fan club is on a buying spree in some of the most speculative parts of the market, from the joke cryptocurrency Dogecoin to a controversial…
Should You Buy This Millionaire-Maker Stock Instead of Palantir Technologies?
There may not be a hotter stock on Wall Street right now than Palantir Technologies. The company’s artificial intelligence (AI) software is revving its growth engine, and there is a…