Jeff Bezos, founder of tech giant Amazon, has amassed enormous wealth over the last few decades, with figures relating to his personal fortune astounding people from time to time. What happened: In one such instance from July 2020, Bezos’ wealth swelled to $171 billion, according to a Bloomberg report, which at the time was more…
Donald Trump‘s return to the White House could usher in a new era of cryptocurrency-friendly policies, according to recent reports and insights from sources close to the transition team. What Happened: Axios reported on Tuesday that Trump, who promised a “golden age of America,” will focus on boosting market metrics, including cryptocurrencies. The former president…
Microsoft Corp. co-founder Bill Gates has maintained a grim view on cryptocurrencies, including Bitcoin BTC/USD, and some of his remarks over the years have been unsparing, to say the least. What happened: The former Microsoft boss delivered a scathing criticism of cryptocurrencies and non-fungible tokens, or NFTs, back in June 2022. At a climate conference,…
The U.S. stock market posted another week of strong performance, with major large-cap indices such as the S&P 500, the Dow Jones and the Nasdaq 100 extending their record highs. Technology and consumer discretionary sectors led the gains, driven by several mega-cap tech giants – Apple Inc. AAPL, Amazon.com Inc. AMZN and Meta Platforms Inc….
As U.S. markets paused for Thanksgiving, European equities staged a rebound on Thursday, snapping a three-day losing streak. Lower-than-expected consumer inflation data from Germany rekindled optimism for more aggressive rate cuts by the European Central Bank (ECB). Germany’s annual inflation rate edged higher, rising from 2.0% in October to 2.2% in November , but came…
A mix of easing global geopolitical tensions, post-election bullish momentum and favorable seasonal trends propelled major U.S. stock indices to new record heights during Monday morning trading, marking what could be another historic session on Wall Street. The S&P 500 and Dow Jones Industrial Average surged to all-time records, hitting intraday highs of 6,020 and…
Despite widespread anticipation that NVIDIA Corp. NVDA‘s quarterly results would dictate Wall Street’s year-end trajectory, the stock market delivered a robust weekly rebound — even in the absence of its AI darling. While the semiconductor titan beat analyst expectations on both earnings and revenue for the third quarter, Nvidia’s stock remained flat for the week….
Risk appetite remained robust in the final trading session of the week, with all major U.S. indices poised to close the week in positive territory. Small-cap stocks outperformed their large-cap counterparts, continuing their recent streak of dominance. Fresh business surveys highlighted a notable health in the U.S. economy, with private sector activity recording its strongest…
MicroStrategy Inc. MSTR co-founder Michael Saylor said that Warren Buffett’s Berkshire Hathaway Inc. BRK was destroying billions of dollars in capital by not utilizing the huge hordes of cash at their disposal to invest in Bitcoin BTC/USD. What Happened: During a podcast with Patrick Bet-David, Saylor drew attention to the company’s massive $325 billion cash…
Signs of a waning Trump-led rally emerged Thursday as investors assessed the economic outlook and awaited potential signals on the interest-rate path from the upcoming Fed Chair Jerome Powell‘s speech in Dallas at 3 p.m. ET. Inflation data from the past two days provided mixed signals: consumer prices met expectations, while producer prices slightly exceeded…