Breaking News: Markets Archives

2024-12-19

Investors so confident in stocks, they have record low cash allocation

The Wall Street bull statue is pictured in Manhattan, New York. Carlo Allegri | Reuters A closely watched survey of global fund managers registered its lowest cash allocation on record this month, underscoring a bullishness on stocks as the equity market nears the end of a strong year. The average cash allocation level of participants in Bank of America’s…

2024-12-18

Fears over inflation, tariffs cloud the economic outlook, CNBC survey found

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U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., November 7, 2024. Annabelle Gordon | Reuters Respondents to the CNBC Fed Survey for December are sure the Federal Reserve will cut rates on Wednesday, but they are less sure whether…

2024-12-17

Ripple’s new stablecoin for payments will be available to trade Tuesday

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Investors will be able to trade Ripple’s new stablecoin beginning Tuesday, the company has said, after the New York State Department of Financial Services gave its approval earlier this month. The U.S. dollar-backed stablecoin, called ripple USD, or RLUSD, will be issued on the ethereum blockchain and XRP ledger and first available on some global exchanges, with plans to…

2024-12-17

SoftBank CEO and Trump announce $100 billion U.S. investment

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SoftBank CEO Masayoshi Son announced a $100 billion investment in the U.S. over the next four years during a Monday visit to President-elect Donald Trump’s residence Mar-a-Lago in Palm Beach, Florida. The billionaire investor and founder of the Japanese tech-investing firm promised in the joint announcement with Trump to create 100,000 jobs at a minimum focused on artificial intelligence…

2024-12-16

Why it’s getting harder to get a free first-class flight upgrade

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Passengers deplane through the business class seating area on an American Airlines flight, London Heathrow Airport, Aug. 14, 2018. Jeff Greenberg | Universal Images Group | Getty Images Cheap seats aren’t enough for airline passengers anymore. Since the pandemic, travelers have shown airlines that they’re willing to pay up to sit at the relatively spacious front of the cabin….

2024-12-12

Fed Chair Jerome Powell can serve remainder of term, Scott Bessent says

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Federal Reserve Chair Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting in Washington on Nov. 7, 2024. Kent Nishimura | Getty Images Federal Reserve Chair Jerome Powell can finish his first term leading the U.S. central bank, said Scott Bessent, a hedge fund magnate and President-elect Donald Trump’s pick for Treasury Secretary, despite…

2024-12-06

MicroStrategy gives up big gain, turns negative despite bitcoin $100,000 milestone

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CFOTO | Future Publishing | Getty Images Cryptocurrency-related stocks gave up big gains Thursday even after the price of bitcoin soared above $100,000 for the first time overnight. MicroStrategy dipped into negative territory to slip 4.8% after surging more than 7% earlier in the day. Riot Platforms and Mara Holdings fell around 5% and more than 4%, respectively. Meanwhile,…

2024-12-06

Bitcoin falls below $100,000 after reaching the milestone level for the first time

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The price of bitcoin soared past the long-awaited $100,000 benchmark for the first time ever late Wednesday evening. By Thursday afternoon, the flagship cryptocurrency pulled back from the milestone. It was recently higher by 0.28% at $99,140.00, according to Coin Metrics, trading at the lows of Thursday’s trading following some profit taking by investors. On Wednesday night, it rose…

2024-12-04

Donald Trump Jr. joins PSQ Holdings’ board, sending shares skyrocketing 270%

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Donald Trump Jr. speaks with the media at the end of the debate between Republican vice presidential nominee U.S. Senator JD Vance (R-OH) and Democratic vice presidential nominee Minnesota Governor Tim Walz hosted by CBS in New York, U.S., October 1, 2024. Brendan Mcdermid | Reuters News of Donald Trump Jr. joining the board of PSQ Holdings sent shares of…

2024-12-03

Art Cashin, New York Stock Exchange fixture for decades, dies at age 83

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Art Cashin, UBS’ director of floor operations at the New York Stock Exchange and a man The Washington Post called “Wall Street’s version of Walter Cronkite,” has died. He was 83 and had been a regular on CNBC for more than 25 years. In the intensely competitive and often vicious world of stock market commentary, Cashin was that rarest…

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Tag: Breaking News: Markets

Investors so confident in stocks, they have record low cash allocation

Ripple’s new stablecoin for payments will be available to trade Tuesday

SoftBank CEO and Trump announce $100 billion U.S. investment

Why it’s getting harder to get a free first-class flight upgrade

Fed Chair Jerome Powell can serve remainder of term, Scott Bessent says

MicroStrategy gives up big gain, turns negative despite bitcoin $100,000 milestone

Bitcoin falls below $100,000 after reaching the milestone level for the first time

Donald Trump Jr. joins PSQ Holdings’ board, sending shares skyrocketing 270%

Art Cashin, New York Stock Exchange fixture for decades, dies at age 83

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