Day: November 22, 2024
Donald Trump chooses hedge fund executive Scott Bessent for Treasury secretary
Scott Bessent, founder and chief executive officer of Key Square Group LP, during an interview in Washington, DC, US, on Friday, June 7, 2024. Stefani Reynolds | Bloomberg | Getty Images President-elect Donald Trump signaled Friday his intention to nominate hedge fund executive Scott Bessent as his Treasury secretary, in a move that puts a […]
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Bitcoin tests $100,000 heading into the weekend: CNBC Crypto World
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Bitwise CEO […]
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Top 10 S&P 500 stock winners since Election Day
Stock traders on the floor of the New York Stock Exchange. Michael M. Santiago | Getty Images News | Getty Images Many large U.S. companies have seen their stocks swell since the presidential election. The top 10 performing stocks in the S&P 500 index saw returns of 18% or more since Election Day, according to […]
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The case for altcoins and memes as bitcoin, now approaching $100,000, faces a potential correction
With bitcoin closing in slowly on $100,000 this week, the crypto market saw a big rotation into other cryptocurrencies, or “altcoins” on Thursday following the resignation announcement of Gary Gensler , the current chair of the Securities and Exchange Commission whose regulation-by-enforcement approach to crypto has made him a villain to the industry. There are […]
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Space vacations and retiring on Mars: SpaceX COO shares 3 visions for the company’s future
While SpaceX founder Elon Musk may be dead set on one day living on another planet, the firm’s chief operating officer says she plans to keep things terrestrial, for now. “I think Elon wants to retire on Mars. I’m not interested in Mars,” Gwynne Shotwell, the SpaceX president and COO told Baron Capital founder Ron […]
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This one-time Covid darling is undergoing a bearish-to-bullish reversal, according to Carter Worth
Zoom Video Communications (ZM) , a Covid darling and post-Covid dog, is judged to be an excellent opportunity on the long side going into earnings next week. The darling part: ZM advanced from $60.97 in October of 2019 before the pandemic hit to $588.84 in October of 2020 ( +$527.87… +865% ) The dog part: ZM declined from $588.84 in October of 2020 to $55.06 in August of […]
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Stocks making the biggest moves midday: Reddit, Super Micro Computer, Intuit and more
Check out the companies making headlines in midday trading. Elastic – Shares surged about 15% after the software company topped Wall Street’s expectations for its fiscal second-quarter results. Elastic posted adjusted earnings of 59 cents per share on revenue of $365 million. Meanwhile, analysts surveyed by LSEG expected it to earn 38 cents per share […]
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Caitlin Clark joins NWSL ownership group bidding to bring soccer team to Cincinnati
Caitlin Clark #22 of the Indiana Fever brings the ball up the court against the Dallas Wings at Gainbridge Fieldhouse on September 15, 2024 in Indianapolis, Indiana. Justin Casterline | Getty Images Caitlin Clark has joined an ownership group looking to create a National Women’s Soccer League team in Cincinnati, Ohio. NWSL Commissioner Jessica Berman […]
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Four big reasons to own gold into 2025
Gold is on track for its best week in more than a year, and UBS thinks the precious metal has even further to go. On Friday, spot gold rose about 1% amid increasing tensions between Russia and Ukraine . That helped drive gold’s week-to-date gain above 5%, on pace for the largest weekly percentage increase […]
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Trump might name Kevin Warsh as Treasury chief then Fed chair later, report says
Kevin Warsh Jin Lee | Bloomberg | Getty Images President-elect Donald Trump is considering naming Kevin Warsh as Treasury secretary then ultimately sending him off to serve as Federal Reserve chair, according to a Wall Street Journal report. A former Fed governor himself, Warsh would move over to the central bank after current Chair Jerome […]
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