When the tyranny of the “Magnificent Seven” ended, I always figured the money would go to the rest of tech. I also didn’t think that there would be anything left of the Mag 7 to invest in. They would all be obliterated as part of a source-of-funds move. Club name Nvidia would be grounded by…
Investors should stick to defensive stocks and consider making a play on higher bitcoin prices amid ongoing market uncertainty, according to Ari Wald, head of technical analysis at Oppenheimer. Wald joined CNBC’s ” Power Lunch ” on Monday to give his takes on a trio of stocks. Here are the names he spotlighted during the segment….
Traders work at the post where GameStop is traded on the floor at the New York Stock Exchange on June 12, 2024. Brendan McDermid | Reuters GameStop shares tumbled Thursday, on track for its biggest loss since June, after the video game retailer announced plans to raise debt to buy bitcoin. The meme stock plunged…
A trader works on the floor at the New York Stock Exchange on March 24, 2025. Jeenah Moon | Reuters U.S. stock futures were little changed Tuesday night after the S&P 500 posted a marginal gain, marking its third positive session in a row. Futures tied to the Dow Jones Industrial Average were unchanged. S&P…
My top 10 things to watch Tuesday, Feb. 25 1. Bitcoin broke below $90,000. Michael Saylor’s MicroStrategy bought more than 20,000 bitcoin from Feb. 18 to Feb. 23. MicroStrategy shares fell 5% this morning. Is that why bitcoin is now plummeting? 2. Bank of America lowered its Coinbase price target to $311 per share from…
Traders walk the floor during morning trading at the New York Stock Exchange (NYSE) on May 14, 2024 in New York City. Spencer Platt | Getty Images Retail investors haven’t traded stocks this much since another mania took over Wall Street three years ago. Data compiled by JPMorgan shows that the share of small investors…
U.S. President-elect Donald Trump and Bitcoin. Cheney Orr | Dado Ruvic | Reuters Cryptocurrencies tumbled on Sunday in a risk-off move after President Donald Trump hit Canada, Mexico and China with long-threatened import tariffs. The price of bitcoin was last lower by 7% at $93,768.66, according to Coin Metrics. The CoinDesk 20 index, which measures…
Snoop Dogg was the lead act at the first-ever Crypto Inaugural Ball held in Washington on Friday evening MacKenzie Sigalos As the crypto industry celebrates the arrival of a new administration in Washington, D.C., nobody is taking quicker advantage of the coming changes than the person leading the charge: President Donald J. Trump. On Friday…
Check out the companies making headlines in midday trading. Crypto stocks – Stocks tied to crypto prices jumped amid reports that President-elect Donald Trump could release an executive order making crypto a national priority as soon as the first day of his new term. Shares of crypto exchange operators Coinbase and Robinhood advanced 4.5% and…
A turbulent week on Wall Street ends with a “Thank Goolsbee, it’s Friday” rally, after the Chicago Fed President used a CNBC appearance to refocus investors’ attention on the still-encouraging trend in inflation and the likelihood that interest rates still have room to be trimmed in the context of a healthy economy. Friday’s 1.1% relief…