itcoin (BTC-USD) has had a rocky first half of October so far. The worlds largest cryptocurrency surged to start the month as investors sought a hedge against US government shutdown uncertainty. Last Friday, it plunged from $121,000 as low as $104,000 f
A telling indicator of where the current government shutdown stands can be found in a word that is increasingly being uttered across various forums in Washington: November.
As equity and bond markets looked increasingly skittish in the face of domestic and geopolitical economic tensions this year, precious metals revived their status as a flight-to-safety trade.
Federal Reserve Chair Jerome Powell is not known for giving decisive hints. Still, on Tuesday he did something rare: He openly acknowledged the rising “downside risks to unemployment” in a clearly dovish signal that the central bank is preparing to ease m
Wall Street is growing louder with warnings that the artificial intelligence trade may be overheating. After months of record gains in AI-linked stocks and corporate spending, concerns are mounting that the boom is starting to look like a bubble.
US President Donald Trump and Chinese leader Xi Jinping’s latest tit-for-tat showdown has both countries claiming the ball is now in the other’s court, with the clock ticking toward another escalation in import tariffs.
he countrys biggest Wall Street banks are riding high into the third quarter reporting season. Analysts expect profits among six major banks to climb 6% from the third quarter of last year, according to Bloomberg data. "Its been a good environment," B
Gold (GC=F) climbed to new records on Wednesday as silver (SI=F) and bitcoin (BTC-USD) continued a run higher. Investors are looking for hedges against mounting government debt and a broader shift away from fiat currencies toward what some analysts have d
The "Takaichi trade" that propelled Japanese stocks to record highs this week passed by the banking sector, which heavily underperformed the market as investors, bracing for Sanae Takaichi as the nations new leader, repriced their exposure.
There was some division at the Federal Reserves last meeting about whether to cut interest rates and by how much, though most agreed the central bank could cut rates further in 2025.
Spot gold smashed through $4,000 an ounce for the first time, as concerns over the US economy and a government shutdown added fresh momentum to a scorching rally.
Fed officials are still split about how much to cut interest rates as the government shutdown deprives policymakers of key data, with some worried more about inflation and others more concerned about the job market.
Tesla on Tuesday afternoon announced lower-priced versions of its Model 3 and Y vehicles, with both sporting starting price tags below $40,000. The shares finished the day lower, perhaps indicating a hope the cars wouldve been cheaper.
Super Micro Computer (NASDAQ:SMCI) shares climbed Monday as investor enthusiasm for artificial intelligence continued to drive market momentum.
President Donald Trump said he would negotiate with Democrats over health care subsidies, a move that could open the door to resolving the government shutdown that has stretched into a second week.
