US stocks rose on Thursday as interest rate sensitive areas of the market rallied in the wake of the Federal Reserve’s pivot to more rate cuts in 2024. The Dow Jones Industrial Average (^DJI) rose 0.4% or more than 150 points, while the S&P 500 (^GSPC) popped over 0.2%. The tech-heavy Nasdaq Composite (^IXIC) added […]
What is asset tokenization? Since the introduction of blockchain and smart contracts, traditional finance (TradFi) and decentralized finance (DeFi) ecosystems have worked hard to innovate and come up with the next big thing. Asset tokenization directly results from the efforts to bridge the DeFi world with the TradFi market. In simple terms, tokenization is the process of […]
Bitcoin (BTC), the leading cryptocurrency by market value, has surged over 150% this year, beating traditional assets like the S&P 500, gold, and the U.S. dollar by a huge margin. That may have some investors, particularly those who haven’t seen the previous crypto bull runs and are “anchored” to the brutal bear market of 2022, intuitively […]
For almost two years now, the story of the economy and markets has been all about runaway inflation and central banks’ historic attempts to reverse it. But we may be turning over a new page in the storybook — and it could have a happy ending for your 401(k). At the moment, interest rates are […]
Inflation cooled in November on an annual basis, bolstering investor hopes that the Federal Reserve will hold interest rates steady at its policy meeting this week. But price increases did tick up on a monthly basis, adding to the debate over when the central bank will start to lower rates as inflation eases back toward […]
China stocks led declines among Asia-Pacific markets Wednesday as investors digested Beijing’s plan to boost domestic demand, ahead of the interest rate decision from the U.S. Federal Reserve. The mainland Chinese CSI 300 index shed 1.67% on Wednesday, closing at 3,369.6 and hitting fresh four-year lows. It comes a day after China’s leaders vowed to […]
Bitcoin price continues to trade below its 2023 high, a sign that investors may have underestimated the strength of the $44,000 resistance. Even as BTC price trades below $42,000, it doesn’t necessarily mean that reaching $50,000 and beyond is no longer possible. In fact, quite the opposite seems more likely to occur. Looking at Bitcoin […]
Howard Lutnick, the CEO of Wall Street firm Cantor Fitzgerald, has praised USDT stablecoin issuer Tether, describing himself as a “big fan” of the firm. “I’m a big fan of this stablecoin called Tether…I hold their treasuries. So I keep their treasuries, and they have a lot of treasuries,” Lutnick said in a Dec. 11 […]
Investors may need to display agility in 2024 to dodge potential economic blows. As Mike Tyson famously said, “Everybody has plans until they get hit for the first time.” As the Federal Reserve combats inflation in an abnormal environment following the pandemic, equity markets have become ultra-sensitive to Fedspeak and economic data. And evolving recession […]
Let’s unpack how recent revenue results and global market trends help solidify Roku as a strong investment opportunity. Roku (ROKU 2.66%) is a significant player in the streaming and digital advertising space. The company generates revenue through the sale of its streaming devices, but, more significantly, it profits from its platform business, which includes advertising and subscription revenue. […]
Bitcoin’s crypto winter appears to be thawing, bouncing to the $43,000-$46,000 range, up 159% from last December as tracked by Dow Jones Market Data Group. The upward move could be the start of a new cycle. “There seems to be a lot of retail investor sentiment that’s been sidelined. There hasn’t been the hype and […]
The price of Bitcoin briefly fell below $41,000 on Dec. 11 at 2:15 am UTC, following a sudden 6.5% drawdown from $43,357 to as low as $40,659 in a span of 20 minutes. At the time of publication, Bitcoin was trading slightly up from the local low at $41,960 per TradingView data. Ether, the second-largest cryptocurrency by […]
