Cryptocurrency News
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Stocks extend post-election rally as the Fed cuts interest rates
Federal Reserve Chair Jerome PowellSamuel Corum/Getty Images Indexes rose Thursday to continue a post-election rally after the Fed cut interest rates. The Fed cut rates by 25 basis points, a…
The stock market is entering ‘Crazy Town’ as valuations reach generational high, Stifel says
iStock; Rebecca Zisser/BI Stock market valuations are near generational highs, Stifel’s Barry Bannister says. Bannister predicts the S&P 500 could rise to the low-6,000s before plummeting back down. He said…
Icahn plans raising stake in oil refiner CVR, WSJ reports
(Reuters) – Icahn Enterprises LP (IEP) plans to raise its stake in U.S. oil refiner CVR Energy by more than 20%, the Wall Street Journal reported on Thursday. The company,…
Stocks, Bonds Rally as Federal Reserve Cuts Rates: Markets Wrap
(Bloomberg) — Asian equities were set to climb Friday after a cross-asset rally in the US lifted stocks, bonds and commodities as the Federal Reserve cut interest rates. Most Read…
Arista Networks Stock Tumbles in Late Trading After Reporting Earnings
Arista Networks (ANET) shares tumbled in extended trading Thursday as the cybersecurity firm reported shrinking margins, despite profits that topped Wall Street’s expectations. The cloud networking giant saw revenue grow…
Block’s stock tanks after revenue miss
This is breaking news. Check back for more updates. Block’s shares were reeling Thursday, falling nearly 10% in after hours trading after reporting third quarter revenue of $5.98 billion, lower…
Block shares tumble on revenue miss
Block (NYSE:SQ) reported third-quarter earnings that met expectations, but revenue fell short of analyst estimates, sending shares down 10% in after-hours trading. The financial technology company, formerly known as Square,…
What’s Going On With Ford Motor Stock Today? (CORRECTED)
Editor’s note: This story has been updated to correct the name of the Bernstein analyst covering Ford. Ford Motor Company (NYSE:F) shares are trading lower on Thursday. Bernstein analyst Daniel…
Rivian posts Q3 revenue miss; full-year loss projection widens, but ‘modest gross profit’ still expected in Q4
Rivian (RIVN) reported third quarter revenue that missed the mark and a wider-than-expected loss as the pure-play adventure electric vehicle maker was burdened by a supplier parts issue. Though the…
S&P 500, Nasdaq hit records as Fed cuts rates, post-election rally rolls on
A tech-led rally brought new record highs for the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) Thursday as investors digested a fresh interest rate cut from the Federal Reserve and…
Fed Cuts Rates; Powell Says Wouldn’t Resign If Asked By Trump
(Bloomberg) — Federal Reserve Chair Jerome Powell said he would not resign from his role if asked to do so by a re-elected Donald Trump, following the Fed’s decision Thursday…
Fed cuts rates 25 bp, as expected
(Reuters) – The Federal Reserve cut interest rates by a quarter of a percentage point on Thursday as policymakers took note of a job market that has “generally eased” while…
Why Wolfspeed Stock Is Plummeting Today
Wolfspeed (NYSE: WOLF) stock is crashing in Thursday’s trading following the company’s recent quarterly report. The chip specialist’s share price was down 33.2% as of 1 p.m. ET. After the…
DJT stock sinks by double digits to reverse gains after Trump election win
Trump Media & Technology Group stock (DJT) sank by double digits on Thursday, falling as much as 22% to reverse the gains it enjoyed on Wednesday as Donald Trump clinched…
Stock market ‘exuberance’ looms ahead with Trump win
The stock market’s feverish rally following Donald Trump’s presidential election victory may have just been an early appetizer for a strong few months of gains. “Exuberance lies ahead,” Julian Emanuel,…
2 Healthcare Dividend Stocks That Are Screaming Buys in November
There is a lot of money flowing through the U.S. healthcare industry. According to the Centers for Medicare & Medicaid Services, America’s total health expenditures were $4.1 trillion in 2022,…
Dow, S&P 500, Nasdaq edge higher with Trump election win, Fed in focus
US stocks stepped higher on Thursday, eyeing a return to the Trump rally as investors mapped out the next president’s likely impact on markets and awaited the Federal Reserve’s policy…
DJT stock sinks double digits to reverse gains after Trump election win
Trump Media & Technology Group stock (DJT) sank double digits in premarket trading on Thursday, reversing the gains it enjoyed on Wednesday as Donald Trump clinched victory over Kamala Harris…
Stock rises amid streaming strength as studios, linear TV pressure revenue
Warner Bros. Discovery (WBD) stock rose over 1% in premarket trading on Thursday after the company reported strong streaming results in the third quarter. But revenue missed expectations as the…
Moderna reports surprise profit on higher-than-expected COVID vaccine sales
By Patrick Wingrove (Reuters) – Moderna (MRNA) reported a surprise third-quarter profit on Thursday, driven by cost cutting and higher-than-expected sales of its COVID-19 vaccine, even with low revenue from…
Billionaire Jeff Yass Sold 61% of Susquehanna’s Stake in Palantir and Is Piling Into Another Headline-Grabbing Artificial Intelligence (AI) Stock
Over the last two years, there’s not been a hotter trend on Wall Street than the rise of artificial intelligence (AI). In Sizing the Prize, the analysts at PwC predict…
Japanese automaker Nissan cuts 9,000 jobs as its vehicles fail to sell
TOKYO (AP) — Nissan reported Thursday a loss for the latest fiscal quarter as its vehicle sales sank while costs and inventory ballooned, prompting the Japanese automaker to slash 9,000…
Trump win casts fresh doubts over Wall Street’s China strategy
By Selena Li, Scott Murdoch and Kane Wu HONG KONG/SYDNEY (Reuters) – More U.S. financial firms may pull back from China, hive off local units to minimise risks or pause…
Asian Stocks Gain as Traders Mull Trump Win, Fed: Markets Wrap
(Bloomberg) — Asian shares rose, following their US peers higher, as investors positioned for a second Donald Trump presidency and an expected Federal Reserve interest-rate cut. Most Read from Bloomberg…