NEW YORK, Sept 13 (Reuters) – Nvidia’s (NVDA.O), opens new tab huge stock rally is still exerting an outsized influence over the S&P 500 index (.SPX), opens new tab, reinforcing concerns that broader markets could be hurt if the chipmaking giant’s fortunes turn. This year’s 140% surge in shares of Nvidia, whose chips are seen […]
Oracle shares rose about 6% in extended trading on Thursday after the database software maker raised its fiscal 2026 revenue guidance and issued a heady forecast for the 2029 fiscal year. At an analyst meeting coinciding with the Oracle CloudWorld conference in Las Vegas, the company said it now sees at least $66 billion in fiscal […]
MicroStrategy, a publicly traded business intelligence and software company, has announced that it acquired approximately 18,300 Bitcoin between Aug. 6 and Sept. 12. The company’s Form 8-K to the United States Securities and Exchange Commission states that the purchase, worth $1.11 billion, was made at an average price of $60,408 per Bitcoin, including expenses and fees. […]
Bitcoin neared $60,000 after the Sept. 13 Wall Street open as gold set a new US dollar all-time high. BTC price launches toward key $60,000 mark Data from Cointelegraph Markets Pro and TradingView showed BTC price action matching 10-day highs on Bitstamp. Bitcoin extended a recovery that began prior to the weekly open as United States macroeconomic data left […]
Stocks rose Wednesday in a bout of volatile trading, as investors weighed what the latest U.S. inflation data means for Federal Reserve policy. Tech shares led a rebound from steep session lows. The S&P 500 gained 1.07% to close at 5,554.13. Wednesday marked the first time since October 2022 that the broad market index dropped 1% on […]
After a hotter-than-expected inflation reading on Wednesday, markets have quickly moved to price in a higher likelihood that the Federal Reserve will opt for a smaller, more conservative interest rate cut at its September meeting. A bigger reduction could send stocks reeling. As of Wednesday, investors were placing the probability of the Fed lowering rates […]
Bitcoin slid as investors reacted to the US presidential debate between Democratic nominee Kamala Harris and Republican rival Donald Trump, who has embraced the crypto sector. The digital asset fell as much as 3.4% before paring some of the drop to trade at around $55,850 as of 10:04 a.m. Wednesday in New York. In wider […]
Despite the increasingly partisan sentiment in the cryptocurrency industry, bitcoin will thrive over the long term regardless of who wins the U.S. presidential election in November. That’s a view many crypto investors are coming to accept, as the wave of optimism spurred by former President Donald Trump’s pro-crypto overtures this summer starts to recede. “Do I think […]
Asian stocks inched slightly higher on Tuesday but struggled to sustain an upbeat rally on Wall Street as concerns about a faltering Chinese economy dampened the market mood. Data on Tuesday showed China’s exports grew at their fastest since March 2023 in August, suggesting manufacturers are rushing out orders ahead of tariffs expected from a number of […]
The U.S. Federal Reserve can afford to make a jumbo 50 basis point rate cut next week without spooking markets, an analyst has suggested, as opinion on the central bank’s forthcoming meeting remains hotly divided. Michael Yoshikami, CEO of Destination Wealth Management, said Monday that a bigger cut would demonstrate that the central bank is […]
Bitcoin price edged above $57,500 on Sept. 9 as markets sprang back from an “exaggerated” reaction to August’s payroll report. Data from Cointelegraph Markets Pro and TradingView showed Bitcoin price action recording gains roughly 8.3% above the week’s $52,546 lows. The day’s reversal in Bitcoin’s price direction has many traders wondering if the bottom might be in for BTC. […]
Bitcoin jumped Monday evening and topped $57,000 after Wall Street’s rebound from its worst week of the year. The price of the flagship cryptocurrency was last higher by 5.6% at $57,4449.00, according to Coin Metrics. Last week, bitcoin tumbled 9% for its worst weekly performance since August 2023. In regular trading, Coinbase and MicroStrategy climbed 5.2% and 9.2%, respectively, […]
