Stocks just had their best week of 2024. All three major indexes pressed to record highs after Donald Trump won the 2024 presidential election. For the week, the S&P 500 (^GSPC) and the Dow Jones Industrial Average (^DJI) rose more than 4.5%, while the Nasdaq Composite (^IXIC) rose nearly 6%. In the week ahead, a […]
Bitcoin’s BTC$81,417 price crossed the $80,000 mark for the first in history and over $1.5 trillion in market capitalization just days after Donald Trump’s reelection in the United States presidential elections. On Nov. 10, the top cryptocurrency rose by almost 4.50% to reach a new inflation-adjusted record high of $80,116 (data from Bitstamp). Smaller tokens, including Ether ETH$3,215.22, Dogecoin DOGE$0.3018, and […]
The Federal Reserve cut its key overnight lending rate again on Thursday, following on the heels of a half-point cut in mid-September. Fed watchers also expect the central bank may cut the rate once more this year, by another quarter point, at its December meeting. If so, that would mean the fed funds rate, which directly or indirectly […]
If thinking about Chegg gives you PTSD to the days when you were in school, I might have some good news for you: The company known for textbook rentals and homework help is running on fumes. Chegg’s stock is down a whopping 99% since its highs in 2021, erasing $14.5 billion in value, and the […]
Bitcoin (BTC) jumped above the $79,000 mark for the first time in history in an unusual weekend pump that liquidated $280 million in bearish crypto trades. BTC rose 4%, extending 7-day gains to over 16% on the back of a week that saw Republican Donald Trump elected the U.S. president and Federal Reserve cutting rates […]
Is it time to pay closer attention to the world’s second-most valuable cryptocurrency? Bitcoin’s (BTC 3.10%) price more than doubled to a record high during the past 12 months. Four catalysts drove that rally: the approvals of Bitcoin’s first spot price exchange-traded funds (ETFs) in January, its latest four-year halving in April, the Federal Reserve’s […]
The youngest of baby boomers — and some older Gen Xers — could end up even more confused about how much money they can sock away in their 401(k) plans in 2025. Could someone in those age groups really save up to $34,750 — or the price of some compact SUVs — for retirement next […]
Meanwhile, new meme coin project Pepe Unchained (PEPU) has just hit $25.5 million in its ICO – with investors rushing to secure discounted tokens. Bitcoin Posts New All-Time High as Trading Volumes Explode to $59B Bitcoin’s rally shows no signs of slowing down, with the OG crypto breaking its previous record price to hit $76,943 […]
Shares of Tesla climbed 8% on Friday, pushing the electric vehicle maker’s market cap past $1 trillion. The company’s stock has rallied about 29% this week after Donald Trump won the U.S. presidential election and investors have grown optimistic that the former leader’s return to the White House could benefit Tesla. Elon Musk, Tesla’s CEO, […]
BlackRock’s Bitcoin BTC$76,427 exchange-traded fund (ETF) now holds more assets than the asset manager’s gold ETF despite only launching in January, data from BlackRock shows. IShares Bitcoin Trust (IBIT) exceeds $33 billion in net assets as of Nov. 8, surpassing iShares Gold Trust (IAU), which holds just shy of that amount, according to iShares. It’s an “absolutely […]
Bitcoin isn’t flashing any signs of being “overheated” despite reaching new all-time highs this week, with several analysts pointing to fundamentals suggesting Bitcoin could pump further. “The market does not look overheated from a fundamental perspective,” Galaxy head of research Alex Thorn said in a Nov. 7 market report viewed by Cointelegraph. Crypto analysis firm […]
The S&P 500 (SNPINDEX: ^GSPC) has advanced 80% since 2019, and most of that upside came from a relatively small number of stocks. Apple and Nvidia alone contributed a quarter of the gains, and the Magnificent Seven accounted for half. Consequently, the S&P 500 has become increasingly concentrated. In fact, the 10 largest companies now […]
