Bitcoin spiked to a new all-time high early Monday but pulled back following the inauguration of President Donald Trump. The flagship cryptocurrency was last lower by more than 2% at $103,558.38, according to Coin Metrics, in what appeared to be a “buy the rumor sell the news” event. Overnight, it rose as high as $109,350.72. […]
London’s blue-chip FTSE 100 hit a record high on Monday for the second session in a row as investors awaited Donald Trump’s return to the White House for fresh insights on his stance on tariffs and international relations. The FTSE 100 index of top British firms (.FTSE), opens new tab ended up 0.2% at a […]
S stocks surged higher Wednesday after an encouraging inflation report and blockbuster profits for some of America’s biggest banks. The Dow surged 703 points, or 1.65%, to close at 43,222. The S&P 500 rose 1.83% and the tech-heavy Nasdaq Composite ended the day higher by 2.45%. The closing bell concluded a rally on Wall Street […]
Two months ago, Nigeria’s beleaguered energy sector witnessed a very significant event: the Dangote Oil Refinery began producing gasoline and selling it domestically to Nigeria’s state oil firm, Nigerian National Petroleum Company (NNPC), marking the first time in decades Africa’s largest oil producer is refining its own crude. The state-of-the-art $20.5 billion refinery was launched […]
European markets closed in positive territory on Friday with London’s FTSE 100 ending the session at a record high. The pan-European Stoxx 600 index ended Friday 0.68% higher, with nearly all sectors and all major bourses in the green. Mining stocks led the gains, with the sector up 2% after Bloomberg reported Glencore had been in talks with Rio Tinto to explore the industry’s […]
The Bitcoin price appears to have finally started recovering strongly in the past few days, breaking through the $100,000 ceiling on Thursday, January 16. The premier cryptocurrency didn’t stay more than a day above this level the last time it surpassed a six-figure valuation. However, the price of Bitcoin has returned to as high as […]
Though Nvidia (NASDAQ: NVDA) has been a top performer in the stock market in the past couple of years, shares of the semiconductor giant have lost momentum since the release of its fiscal 2025 third-quarter results in November last year. Investors were not impressed by Nvidia’s quarterly performance and outlook even though it handily beat […]
Bitcoin should rip higher under President-elect Donald Trump, according to BlackRock’s ETF chief. Samara Cohen, the firm’s ETF and index instruments chief investment officer, thinks cryptocurrency deregulation will “absolutely” propel bitcoin to another historic year. “There will be progress made on… FIT21 [“Financial Innovation and Technology for the 21st Century Act.] There will be progress made on stable coins. […]
Today’s CPI report turns out to mean a great deal to crypto investors. Bitcoin (BTC 2.50%) has made another notable 24-hour move today, increasing 2.6% since 4 p.m. ET yesterday (as of 1:30 p.m. ET), with Ethereum (ETH 4.28%) and Dogecoin (DOGE 4.13%) also catching a bid, surging 3.8% and 4.4, respectively, over the same […]
Asia-Pacific markets climbed Thursday, after U.S. markets soared on the back of an unexpected decline in core inflation numbers in December and strong bank earnings. Korea’s central bank surprised market watchers by keeping benchmark rates unchanged at 3%. Economists polled by Reuters had expected the Bank of Korea to cut its policy rate by 25 […]
Chinese stocks fell on the first trading day of the New Year as weak economic data and the prospect of more US tariffs hurt sentiment. Benchmarks on the mainland and in Hong Kong retreated after figures showed China’s manufacturing activity slowed its pace of expansion in December. The MSCI Asia Pacific Index dropped the most […]
After two consecutive years of more than 20% gains for the S&P 500 (^GSPC) — an achievement not seen since the late 1990s — Wall Street strategists foresee a slower pace of gains for the benchmark index in 2025. With strong earnings expected from a widespread array of companies in 2025 and US economic growth […]
