Circle Gains 34% After Stablecoin Bill Passes—What It Means for Crypto?
Circle stock surges as Senate passes stablecoin legislation, setting stage for broader USDC adoption and regulation clarity.
Wall Street
Check the latest news from the world's leading financial center, find the key stories about the wealthiest residents of Manhattan’s legendary Wall Street
S&P 500, Dow Jones, Nasdaq Record Increases as Investor Sentiment Improves on Expected Fed Rate Cuts
The three major indexes, the S&P 500, the Dow, and the Nasdaq are enjoying a continued rally as the market hopes for rate cuts.
Intel Unveils New AI Chips to Rival Nvidia’s Dominance in AI Industry, INTC Stock Up 1%
Dubbed Gaudi3, Intel intends to attract generative AI companies like OpenAI away from Nvidia and bolster its stock market performance.
Dow Records 158 Point Rise on Thursday as Economic Data Shows General Improvement
By Tolu Ajiboye
• 3 mins read
There was a general rise in the Dow, S&P 500 and Nasdaq Composite indexes following hints that the Fed policy would favor the general market.
Dow Jones Jumps 500 Points to All-Time High as Fed Keeps Rates Unchanged
By Bhushan Akolkar
• 3 mins read
With yesterday’s historic high, the Dow Jones extends its Q4 rally to more than 10%. On the other hand, the technology sector also makes a fresh all-time high.
Alphabet and Amazon Are Top Picks for 2024, Says JPMorgan as It Bets on Mega-Cap Tech Rally
By Chimamanda U. Martha
• 3 mins read
JPMorgan chosen Amazon and Alphabet stocks as the most probable front-runners for 2024.
GameStop CEO Buying New Stocks from Company’s Cash Balance, GME Stock Up 10%
By Bhushan Akolkar
• 3 mins read
GameStop gives CEO complete control to buy stocks from the company’s cash books, however, analysts have given a major red flag on this.
Bitcoin Overtakes Tesla, Berkshire Hathaway Stock to Become Top 10 Asset
By Tokoni Uti
• 3 mins read
Bitcoin has become one of the top 10 assets in the world by market cap. This places it higher than Tesla, Visa, and Berkshire Hathaway stock.
Dow Futures Slightly Up after closing at New 2023 High, Treasury Yields Remain Flat
By Tolu Ajiboye
• 3 mins read
Stock futures are mixed after the Dow Jones Industrial Average closed its best month in more than a year.
Chinese Fashion Giant Shein Files for US IPO to Expand Its Global Presence
By Chimamanda U. Martha
• 4 mins read
Shein has hired three US-based financial companies – Goldman Sachs, JPMorgan Chase, and Morgan Stanley – as underwriters for the upcoming IPO.
Coinbase (COIN) Stock Soars to 18-Month High as Investors’ Crypto Interest Grows despite Binance Legal Issues
By Temitope Olatunji
• 3 mins read
COIN is presently trading at $119 after closing at $115 on November 27, which is the highest close since May 2022. The price now has minimal resistance ahead as it is moving toward $130, the May 2022 high.
Nvidia Revenue for Q3 2024 Triples amid AI Boom but NVDA Stock Price Falls, Here’s Why
By Bhushan Akolkar
• 3 mins read
Amid exports restrictions on AI chips introduced by the US government, Nvidia expects a slowdown in the revenue growth in the ongoing Q4 quarter leading to a selling pressure on its stock.
Nvidia (NVDA) Stock Rallies to New ATH amid High Impact News Including Today’s Q3 Earnings Release
By Steve Muchoki
• 3 mins read
Nvidia is expected to report revenue growth in the Q3 2023 earnings result today, thus boosting shareholders’ confidence amid high demand from AI companies.
MicroStrategy (MSTR) Shares Soar 246%, Michael Saylor Credits Bitcoin’s Rise
By Godfrey Benjamin
• 3 mins read
Saylor sees Bitcoin’s potential to soar even higher, especially once regulators approve financial firms’ Bitcoin spot ETF products.
Microsoft (MSFT) Shares Soar to Record High amid OpenAI-Related Optimism
By Chimamanda U. Martha
• 3 mins read
Market analysts believe the new updates released by OpenAI significantly contributed to the rise of Microsoft (MSFT) shares.
Check the latest news about the world’s leading financial center, learn more about what’s going on in the U.S. financial markets and find the key stories about the wealthiest residents of the legendary eight-block-long street in Manhattan, New York.
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