Cryptocurrency News
2,421 articles
Costco still selling gold bars like hot cakes as prices surge
Costco (COST) is slinging a lot of gold bars as prices for the yellow metal continue to surge. Sales of gold were up “double-digits” in the most recent quarter, Costco…
US futures tread water in wait for the Fed-favored PCE inflation print
The rally in US stocks hit pause before the bell on Friday as investors marked time ahead of an inflation report seen as crucial to the Federal Reserve’s next decision…
Dip-Buying Remains the Go-To Strategy If Next Resistance Proves Stubborn
In the past month, the S&P 500 and Nasdaq have enjoyed solid gains, with global markets largely on course to end September in the green. The long-term uptrend, which has…
Cathie Wood Says Software Is the Next Big AI Opportunity — 1 Spectacular Stock You’ll Regret Not Buying if She’s Right
Cathie Wood is the head of Ark Investment Management, which operates a family of exchange-traded funds (ETFs) focused on innovative technology stocks. Last year, Wood said software companies could be…
European Futures Gain; Yen Rebounds on Elections: Markets Wrap
(Bloomberg) — European stock futures gained in line with Asian shares as risk appetite across financial markets got a further boost from China’s latest stimulus measures and upbeat US momentum.…
‘Big Short’ investor Michael Burry bet half of his portfolio on Chinese stocks. It’s finally starting to pay off.
Famed “Big Short” investor Michael Burry is benefiting from the recent surge in Chinese stocks. Burry’s Scion Asset Management has nearly half of its portfolio invested in Chinese tech giants…
Peter Thiel Has Now Sold $1 Billion of Palantir Stock This Year
(Bloomberg) — Peter Thiel sold almost $600 million of Palantir Technologies Inc. stock this week, bringing his total disposals this year to more than $1 billion. Most Read from Bloomberg…
Oil steadies, but heads for weekly drop on firmer supply outlook
By Gabrielle Ng and Shariq Khan SINGAPORE (Reuters) – Oil prices recouped losses on Friday to edge higher, but stayed on track for a weekly fall as investors weighed expectations…
Hedge fund billionaire David Tepper says he’s loading up on Chinese stocks after the nation’s stimulus bazooka
David Orrell/CNBC/NBCU Photo Bank/NBCUniversal via Getty Images David Tepper is growing even more bullish on Chinese stocks amid the nation’s new fiscal stimulus measures. The new measures include interest-rate cuts,…
Super Micro Computer Plummeted Today — Should You Buy the AI Stock Before Its Stock Split on Oct. 1?
Super Micro Computer (NASDAQ: SMCI) stock got crushed today following a report that the company is being investigated by the Department of Justice (DoJ). The server specialist’s share price closed…
Trump Media Co-Founders Moved Quickly to Cash In Their Stake
(Bloomberg) — The former contestants on Donald Trump’s TV show The Apprentice who co-founded his media startup wasted no time offloading millions of shares in the company after restrictions that…
A Trump Media investor just dumped more than 7 million shares
United Atlantic Ventures LLC (UAV) has divested over 7.5 million shares of Trump Media’s stock, according to a 13G regulatory filing made with the Securities and Exchange Commission (SEC) on…
Major insider slashes nearly all of its stake in Trump’s media firm
(Reuters) – One of the biggest shareholders in former U.S. President Donald Trump’s media company has all but eliminated its stake following the recent end of selling restrictions. United Atlantic…
Costco Wholesale misses quarterly revenue estimates on still-muted spending
(Reuters) -Costco Wholesale missed market expectations for fourth-quarter revenue on Thursday on cautious spending by budget-conscious customers at its membership-only stores, as well as an impact from lower gasoline prices.…
What’s Driving Warren Buffett’s Massive Investment In Sirius XM’s $8B Market Cap
What’s Driving Warren Buffett’s Massive Investment In Sirius XM’s $8B Market Cap Warren Buffett is all in on Sirius XM and people are curious why. Let’s break it down with…
Schwab Splitting Shares for Two-Thirds of ETF Lineup
Charles Schwab Schwab Asset Management is splitting shares on two-thirds of its 33 exchange-traded funds, aiming to stimulate sales with lower share prices. The company announced this week an effort…
Super Micro Computer stock plunges on report of DOJ probe
AI server maker Super Micro Computer (SMCI) stock tumbled 15% Thursday after The Wall Street Journal reported that the company is being probed by the US Department of Justice. The…
Trump Seeks to Wipe Out Biggest Debt Costing $112,000 a Day
(Bloomberg) — Donald Trump’s lawyers are on a mission to wipe out his biggest financial liability — a nearly half-billion dollar civil fraud verdict in New York that’s soaring by…
A surfer without a degree is worth $16 billion after his biotech company’s stock soared 1,100% in a year
Bob Duggan is the CEO of Summit Therapeutics.Summit Therapeutics A surfer who never graduated from college has made billions in the biotech industry. Summit Therapeutics CEO Bob Duggan is worth…
Super Micro Probed by US Following Hindenburg Report, WSJ Says
(Bloomberg) — Super Micro Computer Inc. is under investigation by the US Justice Department following a short-seller report that raised questions about the company’s accounting practices, the Wall Street Journal…
Why ExxonMobil, ConocoPhillips, and Shell Stocks Dropped Today
Thursday is looking like a rough day for oil stocks. Oil prices are falling, and oil stocks are following them down. As OilPrice.com reports, Brent crude oil prices fell 2.8%…
Where Will Palantir Be in 3 Years?
Palantir‘s (NYSE: PLTR) share price has soared 162% over the past year as the company has benefited from demand for its artificial intelligence (AI) technology. But those gains have left…
This Telecom Stock Just Declared a Massive Dividend Raise. Should You Buy?
Typically, a dividend raise from a large-cap stock isn’t very massive. Such companies typically have a great many shares outstanding, so even a modest hike in the shareholder payout could…
What’s Going On With Nvidia, Broadcom, Intel, And Other Chip Stocks On Thursday?
What’s Going On With Nvidia, Broadcom, Intel, And Other Chip Stocks On Thursday? Semiconductor stocks especially linked to artificial intelligence led by Nvidia Corp (NASDAQ:NVDA), Advanced Micro Devices, Inc (NASDAQ:AMD),…