The market exuberance that erupted after the Nov. 5 election is still going strong, even if some of the biggest stocks seemed to lose a step or two. Nvidia (NVDA) reported great earnings on Wednesday, but the shares actually fell on the week — a whopping 0.02%. Yet, with a market capitalization of $3.476 trillion […]
Bitcoin retreated after failing to break the $100,000 milestone on Nov. 24, causing one of the largest weekend crypto liquidation events in over half a year. Over $470 million worth of crypto positions were liquidated over the last 24 hours. Long and short liquidations comprised $352.6 million and $119.9 million, respectively, with altcoins accounting for […]
Since reaching a bear market bottom a little over two years ago, the bulls have been running the show on Wall Street. This year, the ageless Dow Jones Industrial Average (DJINDICES: ^DJI), benchmark S&P 500 (SNPINDEX: ^GSPC), and growth stock-dependent Nasdaq Composite (NASDAQINDEX: ^IXIC) have reached multiple all-time highs. The wind in Wall Street’s sails has been a “team” effort, with the artificial […]
Stocks drifted higher leading into the shortened trading week that includes the Thanksgiving holiday. The Dow Jones Industrial Average (^DJI) gained nearly 2% for the week while the S&P 500 (^GSPC) and tech-heavy Nasdaq Composite (^IXIC) added over 1.5%. In the week ahead, a fresh reading on the Fed’s preferred inflation gauge, the Personal Consumption […]
Oil prices rose on Friday, posting a weekly gain of more than 5%, as the Ukraine war intensified and Chinese imports were set to increase in November. Brent crude futures climbed 94 cents, or 1.27%, to close at $75.17 a barrel. West Texas Intermediate crude futures rose $1.14, or 1.63%, to settle at $71.24 per […]
Greenlight Capital’s David Einhorn was interviewed by our Leslie Picker at CNBC’s Delivering Alpha event Wednesday. Einhorn spoke about the election results, inflation and some of his current stock picks (including CNH Industrial and Peloton Interactive), but soon returned to a familiar theme: the long, slow descent of value investing. “It’s continuing to get worse,” the hedge fund manager told Picker. “We are […]
Global investment manager Van Eck has reissued its $180,000 price target for Bitcoin at the peak of the current cycle. In its latest Bitcoin report on Nov. 21, Van Eck digital asset analysts Nathan Frankovitz and Matthe Sigel said the next phase of the crypto bull market is only “just beginning.” They predicted that an increasingly friendly […]
Bitcoin TC -0.25%) enthusiasts are rejoicing as the cryptocurrency continues to set new all-time highs. Earlier this month it surpassed its long-held high of just under $74,000 and in a few short weeks it’s up more than 25%. Priced at $100,000, a target once many investors could only dream about, is squarely within striking distance […]
There’s a $30 million fund that, for all intents and purposes, leaves all investment decisions to be made by artificial intelligence (AI). The firm’s name: Intelligent Alpha. Its staff includes founder and CEO Doug Clinton, a few programmers and contractors, and a trio of AIs — OpenAI’s ChatGPT, Google’s Gemini and Anthropic’s Claude. The AI […]
The price of leading cryptocurrency Bitcoin BTC/USD continues to hit new all-time highs, breaking several records since the 2024 presidential election. Investors who bought earlier this year or ahead of the election have generated strong profits, but nowhere near the gains that investors got being early believers in the cryptocurrency. What Happened: In October 2008, […]
Apple still totally dominates the US smartphone market, Counterpoint Research’s latest quarterly market share report reveals. The Cupertino fruit company commanded 53% of the pie in the third quarter of this year (July to September), with Samsung a distant second at 23%. In third was Lenovo, which owns Motorola let’s not forget – we assume […]
J.P. Morgan sees the price of Brent oil averaging $73 per barrel (/bbl) in 2025 and expects it to close the year firmly below $70/bbl, with U.S. West Texas Intermediate at $64/bbl, the bank said in a note on Friday. “Our view on 2025 has remained largely unchanged over the past year: we look for […]
