Chinese President Xi Jinping and other top leaders are gearing up for the annual central economic work conference, reportedly set to take place this week, as Beijing strives to boost growth. While an official date for the two-day conclave has yet to be announced, Bloomberg has reported that the closed-door meeting will be held from Dec. 11 to 12. […]
Embattled server maker Super Micro Computer said on Friday that it received an extension from Nasdaq, giving the company until February to maintain its listing on the stock exchange. The stock rose 7% in extended trading. Super Micro has been facing the potential of being delisted from the Nasdaq because it has yet to file audited year-end […]
Several key players in President-elect Donald Trump’s new cryptocurrency venture head to Abu Dhabi on Monday for the largest bitcoin gathering in the Gulf region as the digital currency sets record highs. Speakers include the president-elect’s son Eric and billionaire Steve Witkoff, the new White House envoy for the Middle East and co-founder of World […]
All eyes are on Bitcoin (CRYPTO: BTC) after the cryptocurrency breached the $100,000 mark. Many investors think it’s too late to jump in. But according to growth investor Cathie Wood, the best is still to come. In fact, one crypto ETF tracks an investment of hers that Wood believes has more than 1,500% in potential upside over the next few years. […]
Bitcoin (CRYPTO: BTC) is having a moment. After starting 2024 off with a bang, the cryptocurrency delivered disappointing performance from March through September. Now, Bitcoin is reaching new heights after rocketing up nearly 80% in the last three months. Although the exact mechanisms of any run are never entirely clear, the recent rise in Bitcoin’s price appears […]
It was a long, grueling path for many in the crypto world, but it finally happened: The price of bitcoin crossed the $100,000 mark for the first time. Beyond making bitcoin holders quite happy, given the digital currency has risen more than 50% in the past two months, the milestone reached on Wednesday provided some […]
Oil prices fell on Thursday, a day after OPEC+ delayed its planned output increase by three months to April 2025, and extended the full unwind of production cuts by a year until the end of 2026. The organization also unveiled several other key decisions including the extension of baselines for all countries by a year to end-2026. […]
While global stock markets have been on a pretty good run over the past decade, the billionaires have apparently got them beat. That’s according to the 10th annual “Billionaire Ambitions Report” for 2024, recently published by UBS. At the top of that report was data showing that between 2015 and 2024, total billionaire wealth rose […]
The US economy added more jobs than forecast in November while the unemployment rate ticked higher as the labor market rebounded from a month negatively impacted by severe weather and labor strikes. Data from the Bureau of Labor Statistics released Friday showed 227,000 new jobs were created in November, just above the 220,000 expected by […]
Friday’s jobs report virtually cements that the Federal Reserve will approve an interest rate cut when it meets later this month. Whether it should, and what it does from there, is another matter. The not-too-hot, not-too-cold nature of the November nonfarm payrolls release gave the central bank whatever remaining leeway it may have needed to move, and […]
Former US Secretary of the Treasury Larry Summers said in an interview with Bloomberg that the idea of a national Bitcoin (BTC) reserve is “crazy. “ Summers said he understands the concept of other commodities’ reserves, such as oil and gold, but argued: “Of all the prices to support, why would the government choose to […]
Bitcoin hit a big milestone: On Wednesday night, the digital currency’s price crossed the six-figure threshold for the first time. As of Friday morning, that number hovered around $99,000 according to CoinMetrics. Throughout the day on Thursday, though, the value rose as high as $103,844. Here’s how much a $1,000 investment in bitcoin made one, five or 10 […]
