President Trump has redefined the presidential powers in his second term, with little pushback from Congress or the judiciary. But as the economic mood sours, markets may present themselves as a tempering influence.
Looking for the best money market account interest rates available today? Here’s where to find the highest rates. Is a good time to open a money market account?
(Bloomberg) -- No matter what metric you’re looking at, US inflation is moving in the wrong direction again.Most Read from BloombergThe Trump Administration Takes Aim at Transportation ResearchShelters Await Billions in Federal Money for Homelessness ProvidersNYC’s Congestion Pricing Pulls In $48.6 Million in First MonthNew York’s Congestion Pricing Plan Faces Another Legal ShowdownNYC to Shut Migrant Center in Former Hotel as Crisis EasesWhether it’s a house or a carton of eggs, price growth is
It's been a tough go of it for Bitcoin (CRYPTO: BTC) recently, which is down 16% for the year. According to the latest quarterly Securities and Exchange Commission (SEC) 13F filings, billionaire hedge fund manager Paul Tudor Jones nearly doubled his stake in the iShares Bitcoin Trust (NASDAQ: IBIT) from 4.4 million shares to 8.1 million shares. As of mid-February, he had 4.5% of his $9 billion portfolio invested in this spot Bitcoin exchange-traded fund (ETF).
The Canadian central bank's move to lower interest rates, along with strong economic data, has helped equity markets soar and boosted investors' appetite to strike more deals. CIBC's Capital Markets unit reported a net income of C$619 million for the first quarter, up C$97 million or 19% from the first quarter a year ago. The bank's adjusted net income rose to C$2.18 billion ($1.52 billion), or C$2.20 per share, in the three months ended January 31, from C$1.77 billion, or C$1.81 per share, a year earlier.
Bitcoin (CRYPTO: BTC), 16 years after its introduction and with a market cap of more than $1.7 trillion today, is the world's oldest and most valuable cryptocurrency. In other words, fewer and fewer people are questioning Bitcoin's staying power. This leading digital asset has been sliding for about three months, but maybe a rebound is in the works.
(Reuters) -Wall Street took a dim view of Nvidia's quarterly forecast on Thursday with investors pushing the stock down more than 8%, piling pressure on the "Magnificent Seven" stocks that have garnered market skepticism in the last three months. The stock closed lower at $120.15, while other members of the group such as Microsoft and Amazon also ended the session weaker, after Nvidia's earnings failed to inspire the kind of gains that became a hallmark of the AI rally through 2023 and 2024. To be sure, Nvidia's first-quarter revenue forecast was better than market estimates, with CEO Jensen Huang also noting the company was seeing "amazing" demand for its new Blackwell chips.
(Bloomberg) -- US stocks will struggle early March amid weaker economic data before they rally once again later in spring, according to JPMorgan Chase & Co.’s Ilan Benhamou.Most Read from BloombergThe Trump Administration Takes Aim at Transportation ResearchShelters Await Billions in Federal Money for Homelessness ProvidersNYC’s Congestion Pricing Pulls In $48.6 Million in First MonthNew York’s Congestion Pricing Plan Faces Another Legal ShowdownNYC to Shut Migrant Center in Former Hotel as Cris
BlackRock's IBIT saw a record outflow on Wednesday of over $418 million.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Revolve (NYSE:RVLV) and the best and worst performers in the online retail industry.
