Bitcoin (BTC-USD) continues to hover around $63,000 on Monday morning. Yahoo Finance Reporter Jared Blikre joins The Morning Brief to break down the movements in bitcoin and discuss what investors need to keep in mind for cryptocurrency moving forward.
For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.
This post was written by Nicholas Jacobino
The Under Armour meltdown continues.
His remaining 2.3 million shares are worth more than $80 million
MOSCOW (Reuters) -A Russian court has ordered that Deutsche Bank's and Commerzbank's assets, accounts, property and shares be seized in Russia as part of a lawsuit involving the German banks, court documents showed. The banks were among the guarantor lenders under a contract for the construction of a gas processing plant in Russia with Germany's Linde, which was terminated due to Western sanctions. The St Petersburg arbitration court has barred Deutsche Bank from exercising its 100% interest in the authorised capital of its Russian subsidiary, as well as Deutsche Bank Technology Center LLC.
Goldman Sachs has observed a significant shift among the top technology companies, often dubbed the "Magnificent 7," following their first-quarter results.
Jim Cramer on Friday analyzed the market rally following the latest CPI data which showed inflation was easing in April. Cramer said bears are clearly fighting an “uphill” battle and unless they could get any clear sign that inflation is heating up, he expects the rally to continue. Cramer Thinks The Market is “Outrageously Bullish” […]
Hedge funds ditched bearish stock bets early this week at some of the highest rates in three years as U.S. meme stocks rallied sharply, a Goldman note seen by Reuters on Friday showed. The note, published on Wednesday just before the rally faded, said hedge funds dropped positions on the most actively shorted stocks tracked by a Goldman Sachs index. Most hedge fund short covering, when investors have to buy back stock borrowed for bearish bets, came from stocks tracked in the Goldman Sachs index, the bank's note said.
Silicon Valley Bank, Signature Bank, and First Republic are among the largest bank failures in US history. But more banks could fail, according to Fed chair Jerome Powell.
Consumers still have some control where their money goes.
Global president Rod Vawdrey then returned to Australia and made millions in a "train wreck" float.
The Aussie continued to see a lot of noise during the week, as we broke out of a rectangle, and then turned around to show signs of support. Will it hold? That will be the biggest question at this point.
Stocks trod water as investors assess the chances of the Dow succeeding in another bid to cross 40,000 for the first time.
Elon Musk had another post go viral on his platform, X, with this one eliciting more laughs than controversy. Taking a screenshot from the rule page of the game of Monopoly, about how "the bank never goes bankrupt" as the "banker may also issue ‘new' money," Elon Musk reposted it with the added caption "how the Federal Reserve works." Don't Miss: Startup behind ‘the #1 free contractor app' grows 162% YoY, opens its doors for investors at a $100 minimum. Invest in time-tested solution that aims t
Lesser-known small-cap stocks took part in the meme craze this week, outperforming flagship names.
After two dismal years, the U.S. IPO market is staging a strong comeback as not only new private companies are listing their stocks, but foreign companies are also choosing U.S. exchanges to debut in the market. Market participants are expecting a strong pipeline of new entrants as the current year progresses on rising hopes of a rate cut in the second half of the year, which is expected to boost sentiment around IPOs. Haidilao, which started in a small town in Sichuan in 1994, has become one of the most popular Chinese cuisine brands in the world.
The US dollar has gone back and forth during the course of the trading week against the Japanese yen, but has recaptured the ¥155 level, which of course is a very bullish sign.
The Sunshine State has become a magnet for billionaires seeking tax relief. Among the latest to join the trend is Amazon founder Jeff Bezos, who has recently expanded his real estate holdings in Miami’s exclusive Billionaire Bunker area. Bezos’ acquisitions include three properties, bringing his total investment in the neighborhood to $237 million. Bezos’ purchases include a $90 million deal in 2024 and a $79 million mansion bought in October 2023. The mansion, which spans 19,000 square feet, si
Bridgewater Associates bought shares of Apple, Nvidia, and Microsoft in the first quarter, and halved a stake in NIO.
The companies are, however, backing away from an initial plan to make an all-cash $26 billion offer for Paramount, the newspaper said. Reuters reported this month that Paramount was in talks to open its books to a consortium of the Sony movie unit and the U.S. buyout firm. CNBC later reported that Sony was rethinking its bid, sending Paramount's shares tumbling and helping the Japanese firm's shares surge after upbeat earnings.
We review the latest earnings from Singapore’s flagship carrier and look at the latest technological updates from a software giant. The post Top Stock Market Highlights of the Week: Singapore Airlines, Google and OpenAI appeared first on The Smart Investor.
Yukon Cornelius, the self-proclaimed greatest prospector from the north in the TV movie Rudolph the Red-Nosed Reindeer, would be thrilled to learn that this year’s bull run in gold shows no signs of slowing down. Other precious metals such as silver stand to gain too, for many of the same reasons. Gold tends to do well during times of dollar weakness.
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