GBP/JPY halts its two days of gains, trading around 195.40 during the Asian hours on Tuesday. However, the downside of the GBP/JPY cross would be limited as the Japanese Yen (JPY) may depreciate amid the rising likelihood that the Bank of Japan (BoJ) may avoid an interest rate hike on Thursday. The markets are currently […]
Investors don’t need to just invest in flashy companies that make the headlines to beat the market. Names like Nvidia and Tesla may be exciting to follow, but a quiet, industrial stock like United Rentals (URI -1.79%) can provide market-beating returns, too. Shares of the world’s largest equipment rental company have trounced the S&P 500 index in 2024 and should have more room to run […]
Shares of MicroStrategy were higher Monday after Nasdaq announced the bitcoin proxy will join the tech-heavy Nasdaq-100 index. The stock was last lower by less than 1%, after jumping as much as 7% earlier. Nasdaq rebalances its Nasdaq-100 index every year. The companies flagged for inclusion are mostly based on the market cap rankings as of the final trading day […]
The cryptocurrency market experienced a bullish rally on December 17, with Bitcoin (BTC) crossing an all-time high of $107,700. The global crypto market cap increased by 1% to reach $3.72 trillion, while trading volume soared 34% to $211 billion, signaling heightened investor activity. Bitcoin hits new ATH Bitcoin led the rally, gaining 2% over the […]
Bitcoin has once again proven its resiliency throughout 2024, but can the cryptocurrency’s price continue rising? It’s been a milestone year for cryptocurrency, and in particular, the industry’s poster child — Bitcoin (BTC 3.17%). With just a few weeks left in 2024, Bitcoin’s price has soared by 140% and has topped a price of $100,000 […]
Bitcoin has broken to fresh highs above $104,900 as this year’s rally continues to benefit from several tailwinds, including President-elect Donald Trump’s impact on markets. The asset is up 3.5% on the day following a new record price of $105,004. It’s now up more than 140% in a year and 15% higher over a 30-day […]
If history rhymes once more, it would ruin the party on Wall Street. We’re in the homestretch of what looks to be another phenomenal year for Wall Street and investors. Through the close of trading on Dec. 12, the iconic Dow Jones Industrial Average (^DJI -0.20%), widely followed S&P 500 (^GSPC -0.00%), and innovation-inspired Nasdaq […]
Asia-Pacific markets were mostly down on Monday, reversing earlier gains with investors looking to several major central back decisions due this week including the Bank of Japan and the People’s Bank of China. The Federal Reserve’s decision on Dec. 18 stateside will also be top of mind for investors, with the CME Fedwatch tool forecasting […]
Alphabet and Tesla climbed to fresh records on Wednesday, closing at all-time highs alongside Amazon and Meta as the tech megacaps lifted the Nasdaq past 20,000 for the first time. Tech’s seven trillion-dollar companies added roughly $416 billion in market cap for the day. For Alphabet, the two-day 11% rally was driven by the company’s launch of its latest quantum computing chip, […]
Big Tech stocks led the market higher on Wednesday, as investors digested another month of sticky inflation data that met economists’ expectations and likely pointed to a Federal Reserve interest rate cut next week. The tech-heavy Nasdaq Composite (^IXIC) jumped about 1.7% amid a feverish rally in the “Magnificent Seven” tech stocks. Google parent Alphabet’s […]
Microsoft (MSFT) shareholders voted against adding Bitcoin to the company’s balance sheet on Tuesday. The decision follows the board’s recommendation to vote against the proposal, citing Microsoft’s existing strategy of evaluating a diverse range of investable assets, including Bitcoin, as part of its broader investment framework. The proposal, titled “Assessment of Investing in Bitcoin,” was […]
After a rocky start to the week, Bitcoin BTC$97,604 made a strong push above $100,000, and a handful of analysts expect BTC to make a run at the $110,000 level. The move back to $100,000 comes as the November Consumer Price Index (CPI) report showed a slight uptick in inflation in the United States. Historically, crypto traders have had […]
