Chipotle Mexican Grill on Wednesday reported quarterly earnings and revenue that topped analysts’ expectations as it saw higher traffic at its restaurants, bucking an industry slowdown. Shares of the company rose about 13% in extended trading before losing most of those gains and settling around 3% higher. As of Wednesday’s close, Chipotle’s stock had slid 17% […]
Home goods and furniture retailer Conn’s Inc. filed for Chapter 11 bankruptcy protection on Tuesday and announced plans to close several locations. The company said more than 70 of its HomePlus stores in 13 states will shutter. Conn’s filed for bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas. FOX Business […]
Since the market opened yesterday, the S&P500 has lost 1.8%, the tech-heavy Nasdaq-100 is down 3.0% and tech darling Nvidia (NVDA) has bled 5.3%. Normally, bitcoin follows stocks (especially tech stocks) on their daily moves, but this time, as of writing, bitcoin (BTC) is up 0.5%. What gives? It’s a small window of time, sure, […]
Ethereum’s big moment has arrived with the launch of five spot ETFs. Earlier this year, Ark Invest’s Cathie Wood stunned cryptocurrency investors by predicting that Bitcoin ‘s (BTC -2.85%) price would reach $1.5 million by 2027. Back in April, Wood believed that the recent approvals of the first exchange-traded funds (ETFs) based on Bitcoin’s spot […]
US tech stocks ripped higher on Monday as investors assessed the political landscape following President Joe Biden’s exit from the presidential race and braced for the start of megacap tech earnings. The S&P 500 (^GSPC) gained more than 1% while the tech-heavy Nasdaq Composite (^IXIC) rose roughly 1.6%, both coming off their worst weekly losses […]
U.S. stocks were little moved by news President Joe Biden dropped his reelection bid and endorsed his vice president, Kamala Harris, to take his spot. Although Harris as the Democratic nominee isn’t guaranteed, endorsements and campaign cash almost immediately began to pile up, making the nomination “hers to lose,” said Brian Gardner, Stifel chief Washington […]
Donald Trump’s impending appearance at the Nashville Bitcoin conference has traders preparing for fat-tails – extreme or unusual price movements in the leading cryptocurrency. Activity in the options market listed on Deribit and tracked by Amberdata shows a noticeable increase in the “butterfly index,” which measures the volatility of the out-of-the-money (OTM) 25-delta (∆25) call […]
Crypto is surging again on a new wave of political respect as former President Donald Trump prepares to speak this week at a bitcoin conference in Nashville. The price of bitcoin (BTC-USD) is up more than 13% over the past month and surged above $68,000 in the last 24 hours, putting the world’s largest cryptocurrency […]
The money flow into small caps may not be a rotation from winning growth trades. Dave Nadig, ETF journalist and financial futurist, sees investors “just buying, buying, buying.” “What we’re seeing is a diversification trade,” he told CNBC’s “ETF Edge” this week. “We’re seeing flows into everything, and that to me means people are looking […]
It’s important to take a long-term view. Nvidia (NVDA -2.61%) stock soared more than 500% over the past three years, prompting investors to wonder if it would be ripe for a slowdown 2024. But enthusiasm about this artificial intelligence (AI) chip leader continued, and the stock surged nearly 150% in the first half. This is as the company […]
A crypto analyst has maintained a strong bullish stance for Bitcoin (BTC), predicting that the pioneer cryptocurrency is heading towards a fresh all-time high of $100,000. The analyst has shared several factors that could propel Bitcoin to this lofty price target. Bitcoin To Hit $100,000 In 2024 On July 19, crypto analyst Scott Melker, also […]
Over the past few weeks, important events have impacted Bitcoin, including those related to Mt. Gox. Despite the challenges, the Bitcoin chart is now approaching a potential breakthrough at the $70,000 mark. Analyst Tim Warren, Host of Investing Broz, predicts a possible rally to $82,000 and then towards $100,000. Key resistance is around $66,500, but […]
