Warren Buffett is considered one of the greatest investors in American history. Under his leadership, Berkshire Hathaway (BRK.A 2.50%) (BRK.B 2.48%) shares have returned approximately 5,500,000% since the mid-1960s, compounding at 20% annually. Comparatively, the benchmark S&P 500 (^GSPC -1.46%) has returned about 10.4% annually during the same period. Much of that success can be […]
Bitcoin (BTC) may drop to $75,000 should it trigger a so-called ‘double top’ bearish reversal pattern. A double top comprises two consecutive peaks at approximately the same price, with a trendline drawn through the low point between these peaks. The failure to break above the previous peak, followed by a subsequent decline, suggests that the […]
News MicroStrategy co-founder Michael Saylor posted the Bitcoin tracker for the 12th consecutive week, signaling an impending Bitcoin purchase on Jan. 27. The company’s most recent purchase of 11,000 BTC occurred on Jan. 21, at an average purchase price of $101,191 per coin. According to SaylorTracker, MicroStrategy currently holds 461,000 BTC, valued at approximately $48.4 […]
After hitting a few bumps over the past month, the bull market resumed and stocks hit record highs last week. This happened despite some notable headwinds intensifying in recent months. Long-term interest rates, while off their highs, remain above levels we’ve experienced in recent years. This is a headwind for anyone needing to borrow money […]
Nasdaq has filed a proposed rule change to allow in-kind creation and redemption for the BlackRock iShares Bitcoin Trust (IBIT), according to a Friday filing to the U.S. Securities and Exchange Commission (SEC). The process allows large institutional investors, called authorized participants (APs), to buy and redeem shares of the fund directly to bitcoin (BTC). […]
The S&P 500 closed lower after hitting new records on Friday, as investors took some profit to end a solid week centered on President Donald Trump’s return to the White House. The benchmark index shed 0.3% to 6,101.24, reversing course after hitting a fresh intraday record earlier in the session. The Nasdaq Composite slipped 0.5% to 19,954.30. The Dow Jones Industrial […]
The cryptocurrency market is experiencing volatility as major coins see substantial price movements. Bitcoin, having recently dipped more than 3% to $102,661.93, has secured attention at the World Economic Forum in Davos, Switzerland. BlackRock CEO Larry Fink offered a bold prediction of Bitcoin reaching a remarkable $700,000. Fink points to small allocations by asset managers, […]
The dollar was modestly lower on Thursday in a choppy session, after comments from U.S. President Donald Trump called for lower interest rates while providing no clarity on tariffs, and investors awaited a round of policy announcements from global central banks. The dollar is down more than 1% on the week, largely due to a […]
Nvidia (NVDA 4.43%) stock posted significant gains in Wednesday’s trading following bullish artificial intelligence (AI) news. The company’s share price closed out the day up 4.4% amid the backdrop of a 0.6% gain for the S&P 500 index and a 1.2% increase for the Nasdaq Composite index. Nvidia gained ground today following the announcement of […]
The price of Bitcoin (CRYPTO: BTC) soared 119% in 2024, and the bulls have been out in full force lately, making predictions about where the cryptocurrency is headed this year. Most recently, the head of research at Fundstrat, Tom Lee, said the price of one Bitcoin could reach as high as $250,000 by the end […]
Shares of Netflix soared more than 13% Tuesday after the company posted fourth-quarter results that beat on the top and bottom lines. The company surpassed 300 million paid memberships during the quarter, adding a record 19 million subscribers. Netflix said the growth was driven by its content slate, improved product and typical fourth-quarter seasonality. The company also […]
Bitcoin, the world’s largest cryptocurrency, edged higher in choppy trading on Tuesday after backing off its fresh Monday record amid investor disappointment over U.S. President Donald Trump’s failure to unveil crypto-friendly policies on his first day in office. Bitcoin hit a record high $109,071 on Monday when Trump – who has pledged to be a […]
