Bank of America (BAC) says its wealth management clients should start thinking about getting some crypto exposure in their portfolios. The firm is endorsing a 1%-4% allocation to digital assets for clients of its Merrill, Bank of America Private Bank, and Merrill Edge platforms. Its investment strategists will begin covering four bitcoin ETFs in January. […]
Bitcoin (BTC-USD) tumbled as much as 8% on Monday alongside crypto-related stocks, casting doubt on a year-end rally despite growing prospects of a Federal Reserve interest rate cut. The world’s largest cryptocurrency fell from around $91,000 on Friday to as low as $84,000 on Monday over concerns that Japan could raise interest rates, sparking fears […]
US stock futures slid Sunday night, as Wall Street’s strong late-November rebound looked set to hit a speed bump in the first trading day of December. Contracts on the Dow Jones Industrial Average (YM=F) fell 0.4%. S&P 500 futures (ES=F) fell 0.5%, and Nasdaq 100 futures (NQ=F) slid by 0.7%. The declines follow a holiday-shortened […]
The boldest stock market calls for 2026 are starting to hit Wall Street — and some of them include a run to 8,000 for the S&P 500 (^GSPC) as the AI boom continues reshaping the economy and financial markets. Deutsche Bank set a year-end 2026 price target of 8,000 for the benchmark index in a […]
A late November rally propelled stocks near record highs, with investor optimism over a potential Federal Reserve interest-rate cut in December helping reverse the effects of an earlier midmonth market slump. The S&P 500 rose 0.5% on Friday, pushing it near a record set in late October and helping the index eke out a 0.1% […]
Thinking about whether Ollie’s Bargain Outlet Holdings is actually a good deal right now? You’re not alone. Plenty of investors are looking for the real story behind the stock’s value. The share price has climbed by 24.4% over the past year and is up 13.7% year-to-date. However, it dipped slightly by 1.0% in the last […]
Commodities strategists at Wall Street’s top investment banks expect 2026 and 2027 to be tough years for the oil industry. And that’s after a nearly 20% decline in oil prices this year. Under a base case set by JPMorgan’s commodities team led by Natasha Kaneva, Brent crude oil (BZ=F) — the international benchmark price — […]
The boom in metal-intensive technologies like data centers and electric vehicles has made it a prime time to be in the US aluminum business. Prices are booming. Part of that is because inside every data center are cooling units, server racks, radiators, and a litany of other pieces and parts made out of aluminum. No […]
(Bloomberg) — Concerns over massive debt issuance from tech giants such as Meta Platforms Inc. and Alphabet Inc. creating oversupply in the credit market are premature, said panelists at the Bloomberg Intelligence European credit market outlook conference in London on Thursday. Tech firms have recently hit the bond market on both sides of the Atlantic, […]
US stock futures climbed overnight Thursday, though the Nasdaq Composite is poised to break a seven-month winning streak. Dow Jones Industrial Average futures (YM=F) inched up 0.1%. Contracts tied to the S&P 500 (ES=F) and Nasdaq-100 (NQ=F) made 0.1% gains. When trading picks back up on Friday, equities will be staring down a losing month. […]
When markets get choppy, candlesticks can feel overwhelming. There’s too much noise, too many wicks, and it’s hard to tell what the trend actually is. That’s why traders turn to Renko charts — a bar type that filters out all of that noise, and focuses on one thing: Price movement. If you’ve ever struggled to […]
Marvell Technology (MRVL) is doubling down on the booming data center wave, supplying advanced chips that help power the artificial intelligence (AI) revolution. But even with all the excitement around AI, shares of this chipmaker have struggled to woo investors this year. Wins in the data center space keep getting overshadowed by concerns about intense […]
