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 […]
Oil rose ahead of key US inflation data and a monthly report from OPEC that will provide a snapshot on the market. Brent traded near $73 a barrel after closing marginally higher on Tuesday, and West Texas Intermediate was near $69. The consumer price index figures for November are due later Wednesday and will provide […]
The S&P 500 (^GSPC -0.30%) is on its way to its second straight year of outsized returns. After generating a total return of 26.3% last year, including dividends, it’s up about 29% this year, as of this writing. That has led some some pundits to question whether the market is becoming too frothy. Meanwhile, famed […]
Microsoft shareholders on Tuesday voted down a proposal that would’ve seen the tech giant explore investing in bitcoin as a means of diversifying its assets. The proposal, which was put forward by a conservative think tank known as the National Center for Public Policy Research, would have directed Microsoft’s board to conduct an assessment about […]
Google has made a significant leap in quantum computing with the introduction of its new chip, Willow, which boasts 105 qubits of computational power. The chip can solve problems in under five minutes, which would take today’s most advanced supercomputers billions of years to compute. While the breakthrough is a monumental step forward for quantum computing, it […]
Bitcoin’s increasing prominence in global finance is reshaping investment strategies for both individuals and institutions. Roundtable anchor Rob Nelson, Kelly Kellam, Director of BitLab Academy, and Brian Dixon, CEO of Off The Chain Capital, delve into the dynamics of bitcoin investment, portfolio diversification, and upcoming regulatory changes that could significantly impact the cryptocurrency market. Rob […]
Chinese stocks rallied on Monday after the country signaled a more aggressive approach to stimulus next year. Beijing’s top leaders revealed they will embrace a “moderately loose” monetary policy and a “more proactive” fiscal policy, according to China state media Xinhua News Agency. “Relative to the low market expectations prior to the meeting, we view […]
Amazon shareholders at a conservative think tank have sent a proposal to the retail and tech giant, urging it to create a Bitcoin treasury reserve following a record-breaking run for the largest cryptocurrency. In a shareholder proposal dated December 6, The National Center for Public Policy Research asked Amazon to consider holding at least 5% […]
MicroStrategy Inc. bought another $2.1 billion in Bitcoin while its combination of equity and fixed-income securities sales to finance the rapidly increasing acquisitions draws increased scrutiny. It was the fifth consecutive Monday that the Tysons Corner, Virginia-based firm announced purchases of the digital asset. Co-founder and Chairman Michael Saylor has accumulated Bitcoin now worth more […]
