Supermicro Stock Jumps 12% Friday to Cap Off a Wild Week – Yahoo Finance
Annabelle Chee/Bloomberg/Getty Images Nvidia CEO Jensen Huang and Super Micro Computer CEO Charles Liang during the Computex conference in Taipei, Taiwan, June 5, 2024. The supermicrocomputer's stock rose 12% on Friday, capping a week in which the stock rose nearly 80%. The rally came after partner Nvidia shouted during the chipmaker's earnings call Wednesday and […]
Booming, Risky MicroStrategy ETFs Testing Wall Street’s Limits – Yahoo Finance
(Bloomberg) — As MicroStrategy Inc.’s stock soared last month, Matt Tuttle received bad news from his prime broker about the rapid growth of leveraged ETFs tracking the crypto-focused company’s stock. Most Read Articles on Bloomberg Prime brokers, the division within banks that work with customers on activities such as securities lending, have reached a limit […]
Futures slip on caution ahead of business activity data, geopolitical tensions – Yahoo Finance
(Reuters) – U.S. stock index futures fell on Friday, while Wall Street's main indexes slumped as investors remained cautious ahead of corporate activity investigations and rising geopolitical tensions between Ukraine and Russia. It was poised to rise every week. The benchmark S&P 500 and blue-chip Dow closed at a one-week high on Thursday, and AI […]
Bankman-Fried's ex-deputy Wang avoids prison time over crypto fraud – Yahoo Finance
Written by Luc Cohen NEW YORK (Reuters) – Former crypto executive Gary Wang unwittingly wrote computer code that helped FTX founder Sam Bankman Fried steal about $8 billion from the bankrupt exchange's customers. was spared a prison sentence by a judge on Wednesday. U.S. District Judge Lewis Kaplan announced during a hearing in federal court […]
Bitcoin Gets Another Fillip From US’s Growing Embrace of Crypto – Yahoo Finance
(Bloomberg) — Bitcoin rises to another all-time high, helped by a series of developments highlighting deepening support for the digital asset industry in the U.S. under crypto cheerleader Donald Trump. did. Most Read Articles on Bloomberg The tape opens with the revelation that the president-elect's Trump Media & Technology Group is in talks to buy […]
Bridgewater Partners With State Street For ‘All Weather’ ETF – Yahoo Finance
(Bloomberg) – Bridgewater Associates founder Ray Dalio’s all-weather strategy is coming to the exchange traded fund market. Most Read Articles on Bloomberg State Street Global Advisors plans to create the SPDR Bridgewater All-Weather ETF, according to a regulatory filing Tuesday. The fund is sub-advised by Bridgewater, which provides a daily model portfolio specific to this […]
Crypto rally will become a crypto rout if Trump doesn't deliver – Yahoo Finance
Bitcoin (BTC-USD) has expanded its post-election rally, boosted by President-elect Donald Trump's pro-cryptocurrency sentiment during his campaign. Ric Edelman, founder of the Digital Assets Council of Financial Professionals and bestselling author of The Truth About Crypto, joins Morning Brief host brad smith and madison mills The purpose of the meeting was to discuss the future […]
Canadian dollar weakness to persist into 2025, expert says – Yahoo Canada Finance
Some experts say the Canadian dollar will continue to decline until at least the end of this year, but could bounce back in 2025. After falling to a four-year low last week, it rose slightly on Monday to 71.18 cents. But it remains lower than it has been since the early days of the coronavirus […]
MicroStrategy Taps Stock Market to Fund Record Bitcoin Buy – Yahoo Finance
(Bloomberg) — MicroStrategy Inc. has purchased a record $4.6 billion in Bitcoin, fulfilling a plan announced last month to use capital markets to accelerate purchases of cryptocurrencies. Most Read Articles on Bloomberg The enterprise software maker has included the purchase of digital assets in its corporate strategy, acquiring approximately 51,780 Bitcoin between Nov. 11 and […]
Stock market today: Wall Street holds steadier after losing most of its Trump bump – Yahoo Finance
NEW YORK (AP) — U.S. stocks were volatile Monday as Wall Street held firm after a lot. the meeting Continue President Donald Trump Victory is scattered. The S&P 500 was little changed in early trading. As of 9:35 a.m. ET, the Dow Jones Industrial Average was down 84 points, or 0.2%, while the Nasdaq Composite […]