CNBC’s Jim Cramer examined why the market rallied on Tuesday, saying buyers were encouraged by last week’s consumer price index, and that many anticipate former President Donald Trump will win in November. But he emphasized that investors who haven’t already bought into this market have missed their chance to take advantage of the rally. “If
The Bitcoin price was surging in early-morning trading on Monday as markets reacted to the assassination attempt on former U.S. President Donald Trump. The token, which is the largest cryptocurrency in terms of market capitalization, was up 5% over 24 hours to $62,903. Excitement about the launch of several exchange-traded funds helped bitcoin hit a record high
Pre-market trading in the U.S. will begin Sunday evening, marking Wall Street’s initial attempt to price in how the assassination attempt on Donald Trump will affect markets. Ian Bremmer, president of political risk research and consulting firm Eurasia Group, has said the shooting at a campaign rally makes a Trump win in the presidential election
Cryptocurrency investment firm Hypersphere has unveiled a new fund with $130 million in assets under management (AUM) that will employ Wall Street-style strategies to generate returns from crypto assets. The Atlas fund launched in stealth mode in January, funded from Hypersphere’s balance sheet. It is staffed by alums of high-frequency trading firm Millennium and hedge
With the recent surge in Pokemon card prices, collecting has transformed from a childhood pastime into a significant market for collectors and investors. Historically, Pokemon cards were primarily seen as toys or game pieces. However, rare cards like the 1st Edition Charizard or Pikachu Illustrator card have sold for hundreds of thousands of dollars at
Traders work on the floor of the New York Stock Exchange. Michael M. Santiago | Getty Images Stock futures edged lower Sunday night as investors await key inflation data for further clues on the longevity of this year’s market rally. Earnings from some major financial giants and consumer companies are also on the docket. S&P futures
Striking a balance is key in the world of investing. For years, investors have grappled with the question of how to best allocate their funds in the ever-changing stock market landscape. And the debate between active and passive funds remains a critical consideration for investors in this case. However, recent market events suggest how active
The market cap of AI chip maker Nvidia passed $3 trillion in the second quarter. Because microchips are made from silica, it’s tempting to say that Nvidia’s entire capitalization is built on sand. But nothing is firmer than Wall Street’s belief in artificial intelligence. The behemoth’s stock surged 37% in the past three months and
US banking giant Goldman Sachs just issued an alert to investors. In a new note to clients, the firm’s strategists say a series of fundamental factors suggest a market correction is on the horizon, reports Investing.com. Goldman points to declining real income growth, a slowdown in the nation’s GDP growth and weakening consumer sentiment as
Nvidia’s dominance in providing chips to power artificial-intelligence technology was bound to attract the notice of regulators. Now the company looks set to face the first antitrust challenge of its AI era but it should only be a small obstacle. Nvidia is about to be charged by the French antitrust regulator for allegedly anticompetitive practices,