Trump’s “America First” ethos may come at a big cost to the stock market. The last two-plus years have been paradise for optimists on Wall Street. Since the start of 2023, the iconic Dow Jones Industrial Average (^DJI -0.99%), widely followed S&P 500 (^GSPC -0.95%), and growth stock-inspired Nasdaq Composite (^IXIC -1.36%) have respectively increased […]
Elon Musk’s Department of Government Efficiency (DOGE) has saved US taxpayers $36.7 billion, prompting calls from crypto industry leaders for greater transparency in government spending through blockchain technology. According to Doge-tracker data, the savings represent just 1.8% of Musk’s goal to reduce US government spending by up to $2 trillion. Musk outlined this vision during […]
The cryptocurrency world is abuzz with Neptune Digital Assets Corp.’s recent acquisition of a substantial chunk of Dogecoin. The publicly-traded Canadian corporation has acquired a cool 1,000,000 DOGE units, apparently unconcerned by the erratic character of the meme-coin market. This is a bold move, indicating a strong conviction for the long-term viability of a cryptocurrency […]
Several beauty stocks posted major losses this week, as companies such as E.l.f. Beauty and Estee Lauder reported disappointing earnings and cut guidance. E.l.f. closed out its worst week since August 2018, with shares cratering nearly 29% over the five-day period. The cosmetics brand on Thursday posted a revenue beat for its fiscal third quarter, but missed on adjusted earnings […]
The S&P 500 climbed for a third straight session on Thursday as investors weighed the latest batch of corporate earnings. The broad market index added 0.36% to 6,083.57, while the Nasdaq Composite rose 0.51% to 19,791.99. The Dow Jones Industrial Average, however, lost 125.65 points, or 0.28%, and closed at 44,747.63. Semiconductor names slid, with Qualcomm and Arm each declining more than 3%. Skyworks Solutions lost […]
Although the addressable market for AI is enormous, not everyone is sold on the success of a pair of market-leading businesses. For the better part of the last two years, no trend has captivated the attention of professional and everyday investors more than the rise of artificial intelligence (AI). With AI, software and systems are […]
Strategy, the largest corporate holder of bitcoin, said it’s almost halfway to its ambitious capital raising goal as it went on a buying spree throughout the postelection rally. The company formerly known as MicroStrategy said since the end of the third quarter it has acquired 218,887 bitcoins for $20.5 billion. Strategy currently holds 471,107 bitcoins on […]
Traders across the globe project that tariffs and inflation will have the biggest impact on global markets in 2025 as they brace for volatility, an annual survey, opens new tab of institutional trading clients by JPMorgan Chase (JPM.N), opens new tab showed on Wednesday. The bank said 51% of its 4,233 respondents named inflation and […]
Hopes of a US Strategic Bitcoin Reserve took another knock this weekend after Donald Trump’s surprise executive order about a non-bitcoin US Sovereign Wealth Fund. At the press conference covering the order’s signing, pro-Tether Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent told the president that they would explore warrants, equity, and other non-bitcoin […]
European markets are expected to open in negative territory on Wednesday, with investors looking ahead to more earnings from a number of key companies. The U.K.’s FTSE 100 index is expected to open 18 points lower at 8,555, Germany’s DAX down 67 points at 21,439, France’s CAC down 23 points at 7,888 and Italy’s FTSE MIB 91 points lower at 36,707, according to […]
Four years after becoming the first country to adopt bitcoin as legal tender, El Salvador is taking a step back. The Legislative Assembly has approved changes to the country’s Bitcoin Law, effectively removing bitcoin’s status as legal currency. On January 29, the assembly—controlled by President Nayib Bukele’s New Ideas Party—passed the legislation with a 55–2 […]
The Dow Jones Industrial Average on Monday staged a major comeback, recovering steep losses from earlier in the session after President Donald Trump said tariffs against Mexico would be paused for one month. The 30-stock average ended the day down 122.75 points, or 0.28%, to close at 44,421.91. At its lows of the day, the Dow was down 665.6 […]
