Big Tech Soars, But Can Other Sectors Keep Up to Fuel Market Rally?
Since the start of the most recent stock market rise in October 2022, investors have taken it for granted that Big Tech will continue to expand.
Jun 10, 2024 03:36 AM EDT
"Roaring Kitty" Disappoints, GME Slips 40% After Long-Awaited Livestream
Keith Gill, also known as "Deep-------Value" on Reddit and as "Roaring Kitty" on X and YouTube, conducted his first livestream after the three-year-old meme stock craze.
Buy Gold Bars at Costco? Why Guns, Gold, and Hard Assets Go Viral
The numbers show that when the going gets tough, Americans get to buying guns and gold. Signs of this gold rush might even be found amongst something as commonplace and red, white, and blue as Costco's floor-to-ceiling pallets of bulk household products and its $1.50 hotdog line. But the gold's origins are not so red, white, and blue.
Tech Titans Urge Senate: The Case for a TikTok Ban
Recently, Vinod Khosla, a luminary in venture capitalism, alongside Jacob Helberg, a senior advisor at Palantir, escalated the discourse by penning a compelling open letter to the U.S. Senate. Their message? It's time for a TikTok Ban.
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US Markets Rocket Forward, Dow Inches Closer to Uncharted Territory
US stock futures increased on Friday, as optimism over potential deeper and earlier interest rate reduction continued to drive the Dow toward a new high for the third consecutive day.
Dec 15, 2023 11:10 AM EST
Wall Street Cheers as Fed Takes Pause, But Eyes Bumpy Economic Landing Next Year
U.S. equities are poised to reach new highs as a result of the Federal Reserve's dovish stance, but some investors are concerned that the market may be moving too quickly given the uncertain outlook for the economy and corporate earnings.
Dec 14, 2023 07:23 AM EST
Fed Must Avoid Policy Errors of the 1970s, Warns Wall Street Veteran Milken
If past performance is any indication, renowned investor Michael Milken anticipates a cautious monetary policy stance from the Federal Reserve.
Dec 12, 2023 10:16 AM EST
China Stocks Reverse Course After Slump Fueled by Deflation Concerns
After being driven down early in the day by data indicating ongoing deflationary pressures stemming from poor domestic demand, China's equities reversed direction and rose on Monday.
Dec 11, 2023 05:48 AM EST
China's State Banks Eye Strategic Dollar-Yuan Swaps
China's biggest state-owned banks were observed on Tuesday exchanging dollars for yuan in the onshore swap market and then selling those dollars in the spot market to strengthen the yuan.
Dec 05, 2023 08:07 AM EST
US Inflation Expected to Ease Further, Recession Fears Diminish
According to a study issued on Monday, the majority of business economists believe that even if the employment market eventually weakens due to rising interest rates, the U.S. economy might escape a recession in 2024.
Dec 04, 2023 09:31 AM EST
Gold Surges Past $2,100, Signaling a New Era of High Prices
For the second day in a row, gold prices broke beyond $2,100 on Monday, as the world's appetite for metal looks certain to persist.
Dec 04, 2023 07:08 AM EST
Oil Markets Brace for Impact as OPEC+ Announces Production Cuts
The OPEC oil cartel, led by Saudi Arabia and allied producers like Russia, took another huge go at supporting lagging crude prices on Thursday, extending some supply restrictions into next year and pulling in up-and-coming oil provider Brazil.
Nov 30, 2023 10:59 PM EST
JPMorgan Acquires Significant Stake in Spanish Defense Contractor Indra
JPMorgan purchased a 10.6% stake in Spanish defense systems producer Indra (IDR.MC), according to the stock exchange regulator on Thursday.
Nov 30, 2023 06:36 AM EST
Gas Prices Plummet for Thanksgiving, Bringing Cheer to Drivers Across the Nation
According to data from car club AAA, the national average price of petrol touched $3.27 per gallon on Thursday.
Nov 24, 2023 09:42 AM EST
Retailers with Flexible Policies Gain Customer Loyalty
Stores that provide generous return policies can win over loyal customers and allay Christmas buyers' fears about squandering money on unneeded items.
Nov 22, 2023 09:53 AM EST
Binance CEO's Guilty Plea and $4 Billion Fine Signal Crackdown on Crypto Money Laundering
Zhao resigned as the CEO of the business, and Binance acknowledged breaking the Bank Secrecy Act as well as possibly breaking sanctions laws by failing to set up procedures for reporting suspicious transactions.
Nov 22, 2023 08:00 AM EST
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