Warren Buffett’s company Berkshire Hathaway (BRK.A 0.02%) (BRK.B 0.09%) has been stockpiling cash all year. At the end of the third quarter of 2024, Berkshire had over $320 billion of cash and short-term Treasury bills. Many see this as a deafening warning to investors that the market, which has set 57 all-time highs and topped 6,000 for several periods this year, is due […]
As Donald Trump prepares to fulfill a lengthy list of campaign promises, the president-elect’s vow to ensure that all remaining Bitcoin is “made in the USA” may prove to be one of the most challenging to keep. Trump made the pledge in a post on his Truth Social account in June after meeting at Mar-a-Lago […]
With much of the globe celebrating Christmas, bitcoin (BTC) quietly appeared set to retake the $100,000 level after having fallen to below $93,000 just ahead of the holiday. The rally, however, stalled at just above $99,800 as Asia opened for business on Thursday morning and declined rapidly to roughly $95,000 only a few hours later. […]
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Shares of MicroStrategy Inc. (NASDAQ:MSTR) fell more than 8.5% Monday, marking a rough debut to its nascent tenure among the Nasdaq 100. The software company and top corporate Bitcoin (CRYPTO: BTC) holder has struggled lately, logging its fifth […]
Bitcoin’s (BTC) historical price trends suggest a recurring pattern of strong upward momentum following Christmas, particularly during halving cycles. They highlight how Bitcoin typically enters a profit zone after each halving event, with price increases accelerating in the months following the December holiday season. Bitcoin Price Performances Post Christmas in Halving Years After the 2012 halving, […]
Russia has been actively experimenting with digital financial assets (DFAs) in foreign trade in line with the country’s legislation, according to a senior government official. Russian Finance Minister Anton Siluanov discussed US dollar alternatives for international trade in an interview on the state-owned news channel Russia-24 on Dec. 25. Siluanov said the Russian government has passed legislation […]
Stocks jumped Tuesday on Christmas Eve as the market pulled off back-to-back gains in the holiday week. The S&P 500 added 1.1% to 6,040.04, and the Dow Jones Industrial Average gained 390.08 points, or 0.91%, to 43,297.03. The Nasdaq Composite climbed 1.35% to 20,031.13, helped by a 7.4% jump in Tesla shares. Amazon and Meta Platforms gained more than 1% each. The New York Stock Exchange closed […]
US equity futures rose, tracking the rebound in Asian stocks from last week’s selloff, as subdued inflation data rekindled expectations of Federal Reserve rate cuts. The dollar steadied after a retreat. A gauge of Asian equities snapped a six-day decline, with benchmarks in South Korea and Taiwan rising more than 1%. US equity contract added […]
On Dec. 18, the U.S. Federal Reserve concluded its final policy meeting for 2024. There was a broad consensus among experts that the central bank would cut the federal funds rate (overnight interest rates) by 25 basis points, and that’s exactly what happened. The Fed has now cut interest rates three times since September due […]
Google’s recent announcement of the arrival of Willow, a quantum chip that has reduced the error tendencies of some of its predecessors, is a milestone in the effort to bring quantum computing into the real world, and in the years ahead, it could change the way we think about the risk in cryptocurrencies. Willow’s speed is almost incomprehensible […]
The United States election was one of the most defining events in the crypto space in 2024. Specifically, the reelection of Donald Trump revived Bitcoin and the entire crypto market after an uninspiring second and third quarter. One of the promises made by President-elect Trump in the run-up to the polls was the institution of […]
The Dow plunged Wednesday on a disappointing outlook from the Federal Reserve. In the process, the blue-chip index extended its losing streak to 10 days — the longest such stretch since Gerald Ford was president. The Dow Jones Industrial Average ended the day down about 1,123 points, or 2.6%, after the Fed indicated in a […]
