Cryptocurrency News
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Markets try to shake it off after US presidential debate
A look at the day ahead in European and global markets from Ankur Banerjee Investors broadly took the U.S. presidential debate between Donald Trump and Kamala Harris in stride where…
Stocks Dip as Traders Digest US Debate, Yen Gains: Markets Wrap
(Bloomberg) — Asian stocks slipped Wednesday on growth concerns ahead of a US inflation report and as traders weighed the impact of the presidential debate. The yen rose after a…
Stocks falter, dollar defensive after US presidential debate
By Ankur Banerjee SINGAPORE (Reuters) -Asian markets wobbled and U.S. stock futures slipped on Wednesday after Democratic Vice President Kamala Harris and Republican Donald Trump clashed in a keenly-awaited U.S.…
Stocks won’t hit new highs anytime soon and 3 things mean the market is fairly valued, Wells Fargo says
Ian Ross Pettigrew/Getty, Tyler Le/BI The S&P 500 probably isn’t hitting fresh highs anytime soon, according to Wells Fargo. A handful of headwinds will keep a lid on further gains,…
China’s Unworkable Housing Rescue Math Is Prolonging the Crisis
(Bloomberg) — In May, China’s central government urged more than 200 cities to buy unsold homes to ease oversupply. More than three months later, only 29 have heeded the call.…
Nvidia stock is on track to double in coming years as AI follows the path of past tech bubbles, portfolio manager says
Slaven Vlasic/Getty Images for The New York Times; Chelsea Jia Feng/BI Nvidia stock has a lot more room to run, according to Dan Niles. The Niles Investment founder compared Nvidia…
Maduro Blows Through Venezuela’s Dollar Stockpile in New Threat to Regime
(Bloomberg) — Since declaring himself the winner of July’s presidential vote, Venezuela’s Nicolás Maduro has been condemned by governments across the world, targeted by massive street protests and spurned by…
What Does This Purchase Say About Billionaire Spending?
Jeff Bezos’ $80M Gulfstream G700: What Does This Purchase Say About Billionaire Spending? Amazon founder Jeff Bezos recently purchased a new $80 million ride: a Gulfstream G700. This advanced private…
GameStop reports fall in revenue, files for 20 million share offering
(Reuters) -GameStop said on Tuesday it had filed for an offering of up to 20 million shares, sending its stock down more than 10% in extended trading after the videogame…
Tech leads S&P 500, Nasdaq higher as JPMorgan drags Dow lower
A contract dispute between Disney (DIS) and DirecTV still has not reached a conclusion after the media giant pulled its owned and operated channels, including ESPN and ABC, off DirecTV…
Schwab Missed Red Flags in Gold Bar Scam That Cost Elderly Woman $278K, Lawsuit Claims
Scammers posing as federal agents tricked an elderly woman into handing over $278,000, much of it in the form of gold bars. Now, Ruth Rootenberg is suing her brokerage firm,…
Nasdaq rises, Dow falls in whipsaw trading action as inflation report looms
A contract dispute between Disney (DIS) and DirecTV still has not reached a conclusion after the media giant pulled its owned and operated channels, including ESPN and ABC, off DirecTV…
Why ExxonMobil Stock Is Slipping Today
Shares of ExxonMobil (NYSE: XOM) were falling this morning and were down 3.1% as of 11:50 a.m. ET Tuesday, wiping out all of their gains and some from the previous…
Stocks fall in whipsaw trading action as inflation report looms
Markets are on edge ahead of a few key catalysts this week. But while an update on consumer prices is top of mind for investors, a more immediate event is…
Why Sirius XM Stock Dropped an Unlucky 7% Today
Sirius XM Holdings (NASDAQ: SIRI) stock had tumbled by 7.2% as of 10:15 a.m. ET Tuesday after the company updated investors on its financial projections. On Tuesday morning, management announced…
The Fed backpedals and unveils a scaled-back proposal for bank capital requirements
The Federal Reserve unveiled plans that would massively scale back a proposal to raise capital requirements for banks after politicians and the banking industry pushed back on the initial plan,…
1 Healthcare Stock to Sell Now and Never Look Back
If you’re holding shares of Walgreens Boots Alliance (NASDAQ: WBA) in hopes of it turning around promptly, I think that now is the time to cut your losses on the…
Nvidia’s Blackwell Chip Delay Is Center Stage Amid Stock Slump
(Bloomberg) — Nervous Nvidia Corp. investors are eager for an update on its Blackwell chip rollout — hoping for a catalyst to halt the stock’s recent decline. Most Read from…
S&P 500, Dow futures waver as inflation report looms
US stock futures slipped into the red on Tuesday, as investors geared up for a looming consumer inflation report seen as crucial to determining the size of the first US…
1 Top Artificial Intelligence (AI) Stock Ready for a Bull Run
The AI craze has taken the market by storm, dominated by chipmaker Nvidia. Over the last three years, Nvidia stock has skyrocketed in value by nearly 400%. But there are…
Billionaires Are Buying These 2 Top Artificial Intelligence (AI) Stocks Hand Over Fist
Investing in fundamentally strong growth companies with sustainable competitive advantages can be a smart long-term strategy for astute investors. With artificial intelligence (AI) emerging as a major investment trend, it…
Nvidia Stock Investors Just Got a Grim Warning From Apple and Amazon
Semiconductor company Nvidia (NASDAQ: NVDA) dominates the market for artificial intelligence (AI) chips. In fact, analysts estimate its graphics processing units account for up to 95% of AI chip sales.…
TSMC’s August Revenue Climbs 33% as AI Chip Demand Holds Up
(Bloomberg) — Taiwan Semiconductor Manufacturing Co.’s revenue rose 33% last month, in a positive signal to investors betting on a smartphone market recovery and sustained demand for Nvidia Corp.’s AI…
European Futures Steady as Traders Await US CPI: Markets Wrap
(Bloomberg) — European futures were steady with the dollar holding onto its gains, as traders awaited US inflation data due this week for clues on the size of the Federal…