Donald Trump is headed back to the White House. Investors believe that’s much better news for some sectors of the U.S. economy than others—and the same goes for different parts of individual Americans’ stock portfolios. Some plays seem obvious. Trump has traditionally been viewed as positive for banks and fossil fuel companies but a scourge…
Bitcoin rocketed higher as Donald Trump clinched victory in the U.S. presidential election, setting up a “perfect storm” for the bitcoin price in weeks ahead. Unlock over $3,000 in perks including unparalleled access to a community of top Web3 entrepreneurs, creators, and investors, providing you with premium networking, priority access to global events, Free access…
Donald Trump quickly put his stamp on financial markets Tuesday night. As the votes piled up in key swing states in his favor, leaving him on the cusp of returning to the White House, all the tried-and-true Trump Trade plays erupted. US stocks surged, with S&P futures climbing 1.4%; the dollar posted its biggest gain…
(CNN) – The price of Bitcoin hit an all-time high as early election results rolled in Tuesday night. The price surged to $75,000 after former President Donald Trump took an early lead in the Electoral College. It was a jump of 7.3%, according to the Associated Press. Share prices and bond yields also surged. If…
Photo: Michael M. Santiago (Getty Images) The Dow Jones Industrial Average fell more than 250 points Thursday mid-morning, alongside sharp Nasdaq and S&P 500 declines, following earnings reports from Microsoft (MSFT) and Meta (META), as both tech giants grapple with challenges in meeting the surging demand for AI. Meta stock fell about 3% in Thursday…
The largest corporate holder of Bitcoin (BTC) just announced a new $42 billion plan to accumulate more of the flagship digital asset. In a new press release, MicroStrategy President and chief executive Phong Le says the company’s “21/21 Plan” aims to raise $21 billion in equity and $21 billion in fixed income securities over the…
“If stock price is the true test for any business model, then in our view MSTR is hard to beat,” analysts led by Joseph Vafi wrote, noting that since the firm adopted its bitcoin acquisition strategy in 2020 it has significantly outperformed both equities and the world’s largest cryptocurrency. Source link
Google reported strong earnings after the close Tuesday. (Photo by Alexander Koerner/Getty Images) Getty Images Key Takeaways Tech Earnings And Economic Data Bring Mixed Signals For Market Direction Alphabet’s Strong Cloud Growth Boosts Sector; AMD Dips On Guidance Optimism Grows Despite Mixed Earnings And Slight Economic Slowdown Signs It’s been a quiet start to the…
Most Asian shares were set to follow Wall Street higher as traders prepare for the US election and key economic data that will set the stage for the next Federal Reserve decision. Japan stocks may tread water as traders assess the political outlook. Source link
A November victory for Donald Trump would be more beneficial for investors holding stocks and Bitcoin relative to his Democratic opponent, while a Kamala Harris presidency would bring slightly more relief to housing costs, according to the latest Bloomberg survey. The stock market, up about 22% so far in 2024, is more likely to pick…