NEW YORK/LONDON, Nov 25 (Reuters) – MSCI’s global equities gauge rose and U.S. government bonds rallied while the dollar fell on Monday as investors welcomed the incoming U.S. president’s selection of fund manager Scott Bessent as the next U.S. Treasury secretary. Wall Street indexes closed higher with the S&P 500 and the Dow touching intraday records […]
US stocks dipped Wednesday as investors digested fresh data that showed inflation made little progress toward the Fed’s 2% target in October. After clinching record highs on Tuesday, the S&P 500 (^GSPC) fell about 0.4%, while the Dow Jones Industrial Average (^DJI) was off about 0.3%. The tech-heavy Nasdaq Composite (^IXIC) was down roughly 0.6%. […]
Cardano ADA/USD founder Charles Hoskinson, a co-founder of Ethereum ETH/USD, predicted Bitcoin BTC/USD could surge to between $250,000 and $500,000 within the next 12 to 24 months, citing growing institutional investment and emerging decentralized finance opportunities. What Happened: In a recent livestream from Colorado, Hoskinson emphasized Bitcoin’s transformative potential, describing it as more than just […]
Bitcoin (BTC-USD) is back. And just in time for the holidays. President-elect Donald Trump’s win has kicked off a new era of crypto enthusiasm, as he has pledged to “ensure that the United States will be the crypto capital of the planet.” To the delight of crypto execs and investors, the next president has also […]
Rumble, a video platform aimed at conservatives, said Monday evening that it will begin allocating a portion of its excess cash reserves to bitcoin and making purchases of up to $20 million in the cryptocurrency. Shares rose more than 2% in extended trading. “We believe that the world is still in the early stages of the adoption […]
BEIJING — President-elect Donald Trump plans to raise tariffs by an additional 10% on all Chinese goods coming into the U.S., according to a post Monday on his social media platform Truth Social. The post immediately followed one in which Trump said his first of “many” executive orders on Jan. 20 would impose tariffs of […]
US stocks rose on Monday as small caps rallied near new highs and the Dow Jones Industrial Average (^DJI) rose more than 400 points amid a broad sense of optimism over President-elect Donald Trump’s choice of Scott Bessent for Treasury secretary. The Dow increased 0.9% to close at a new record. The S&P 500 (^GSPC) […]
Bitcoin BTC$94,278 fell over 3% on Nov. 25 as traders called for calm over new BTC price weakness. Flash Bitcoin volatility punishes late longs Data from Cointelegraph Markets Pro and TradingView showed BTC/USD falling to lows of $94,600 on Bitstamp in volatile conditions after the Wall Street open. Bulls failed to hold a relief bounce from an initial trip below $96,000 before the […]
Bitcoin TC -0.25%) enthusiasts are rejoicing as the cryptocurrency continues to set new all-time highs. Earlier this month it surpassed its long-held high of just under $74,000 and in a few short weeks it’s up more than 25%. Priced at $100,000, a target once many investors could only dream about, is squarely within striking distance […]
Oil prices rose on Friday, posting a weekly gain of more than 5%, as the Ukraine war intensified and Chinese imports were set to increase in November. Brent crude futures climbed 94 cents, or 1.27%, to close at $75.17 a barrel. West Texas Intermediatecrude futures rose $1.14, or 1.63%, to settle at $71.24 per barrel. […]
Greenlight Capital’s David Einhorn was interviewed by our Leslie Picker at CNBC’s Delivering Alpha event Wednesday. Einhorn spoke about the election results, inflation and some of his current stock picks (including CNH Industrial and Peloton Interactive), but soon returned to a familiar theme: the long, slow descent of value investing. “It’s continuing to get worse,” the hedge fund manager told Picker. “We are […]
Global investment manager Van Eck has reissued its $180,000 price target for Bitcoin at the peak of the current cycle. In its latest Bitcoin report on Nov. 21, Van Eck digital asset analysts Nathan Frankovitz and Matthe Sigel said the next phase of the crypto bull market is only “just beginning.” They predicted that an increasingly friendly […]
