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The S&P 500 Index ($SPX) (SPY) on Wednesday closed up +0.58%, the Dow Jones Industrials Index ($DOWI) (DIA) closed flat, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.19%. December E-mini S&P Futures (ESZ25) rose +0.60% and December E-mini Nasdaq Futures (NQZ25) rose +1.17%. Most stock indexes rose on Wednesday, with the S&P 500…
Cryptocurrency scams are becoming a massive financial threat, with billions of dollars lost to fraud each year. While blockchain technology offers secure transactions, hackers and cybercriminals are finding new ways to exploit trading platforms and unsuspecting investors. As digital assets grow in popularity, the risks of scams, hacks, and fraudulent schemes also increase. Billions lost…
We recently published 10 AI analyst calls you should pay attention to. Alphabet Inc (NASDAQ:GOOG) is one of the stocks that analysts were talking about recently. Steven Grasso, CEO of Grasso Global Inc., said after Alphabet Inc’s (NASDAQ:GOOG) latest quarterly results that he still believes Google Search faces “existential” threats from AI. The analyst said…
After markets closed on Friday, Under Armor (UAA) announced it would pay $434 million to settle a lawsuit. The lawsuit, filed in 2017, was for investors who purchased Under Armor Class A and Class C shares between Sept. 16, 2015 and Nov. 1, 2019. It claimed that founder and CEO Kevin Plank gave a false…
The market is brutal. He doesn’t care about reputations, at least in the short term. The latest example of this was seen in Nvidia (NVDA) stock. Despite its current status as the world’s most valuable company and a hegemonic 90% market share in the GPU market, or its status as perhaps the most critical company…
Donald Trump’s cryptocurrency, $Trump, has taken a hard hit, wiping out more than $12 billion in value in just one month. The coin, launched on January 17, just days before Trump’s inauguration, quickly skyrocketed in value, but has since plummeted by more than 80% from its peak on January 19. At its peak, the meme…
Cotton futures are bouncing off overnight lows with contracts up 15 to 25 points by midday, while December is bouncing off a new contract low. The US Dollar Index is back up $0.441 to $98.725, and crude oil is up 92 cents per barrel. The Seam showed 2,777 bales sold on Oct. 7 at an…
As discussions rage over Nvidia’s (NVDA) recent decline, it’s helpful to review some key data, thanks to BTIG technical analyst Jonathan Krinsky. These numbers shed light on why Nvidia stock has slowed. Krinsky notes: “NVDA recently traded about 100% above its 200-day moving average. Since 1990, the largest gap any US company has seen above…
New Hampshire Senator Jeanne Shaheen added her voice to the chorus of Democrats, some Republicans, and numerous experts sounding the alarm about the consequences of letting the Affordable Care Act’s (ACA) enhanced premium tax credits expire at the end of this year. The senator appeared on the CNBC program. Squawk Box recently to explain how…
The price of Bitcoin fell as much as 7.2% on Friday, hitting its lowest level since early November. The cryptocurrency has now lost almost 27% of its value in just six weeks after reaching an all-time high of $109,241 in January. The sell-off is part of a broader decline in the cryptocurrency market, with major…
