Thursday’s major stock stories: What to expect in the next trading session

Thursday’s major stock stories: What to expect in the next trading session

Market Overview: Stocks Hit New Highs Today’s market saw significant gains, with the S&P 500 breaking records. It has increased by 3.3% in the last month and 10% over the past three months. The Nasdaq 100 also reached a new high, climbing 4.7% in one month and 12.5% in three months. Meanwhile, the Nasdaq Composite […]

Scott Bessent to Advocate for a Ban on ‘Single-Stock Trading’ in Congress

Scott Bessent to Advocate for a Ban on 'Single-Stock Trading' in Congress

Treasury Secretary Scott Bescent has announced plans to advocate for a ban on “single-share trading” among US Congress members, emphasizing that “Americans deserve better.” In a recent post on X, Bescent indicated that he would share a video from an interview with Bloomberg TV, discussing how politicians amass wealth in Washington, DC. He stated that […]

Crypto exchange Bullish sees a significant surge in its trading debut.

Crypto exchange Bullish sees a significant surge in its trading debut.

Crypto Exchange Bullish Surges on Stock Market Debut Investors are feeling optimistic about Bullish, the recently debuted cryptocurrency exchange. Backed by Peter Thiel, its stock soared on the New York Stock Exchange, officially starting strong and exceeding the expected IPO price range. The initial share price was set at $37, which was higher than the […]

Bessent criticizes Pelosi, urges Congress to prohibit single-stock trading

Bessent criticizes Pelosi, urges Congress to prohibit single-stock trading

Treasury Secretary Pushes for Stock Trading Ban for Congress Members Treasury Secretary Scott Bescent called for a prohibition on trading individual stocks, specifically mentioning former House Speaker Nancy Pelosi and Senator Ron Wyden during his remarks. “I’m going to start advocating for a ban on single shares because it affects the trust in the House […]

CoreWeave Increases Revenue to $1.2B in Q2, Shares Drop in After-Hours Trading

CoreWeave Increases Revenue to $1.2B in Q2, Shares Drop in After-Hours Trading

Simply put CoreWeave’s revenue increased threefold, but its order backlog also grew, and it continued to face losses that have now shrunk from 20% last year to just 2%. After-hours trading saw a 10% drop in stocks, as thinner margins and rising losses raised concerns among investors. Analysts suggest that current hardware depreciation is making […]

Understanding the Gap in Crude Oil Prices: Its Implications and Trading Strategies

Understanding the Gap in Crude Oil Prices: Its Implications and Trading Strategies

Energy Market Insights: Natural Gas vs. Crude Oil Recently, the energy market has been acting in ways that many observers find quite unusual. Natural gas showed steady performance and even rallied mid-week, while crude oil futures experienced one of their largest declines in quite a while. To add to the confusion, these shifts occurred as […]

Trump’s increased tariffs affect products from key US trading partners

Trump's increased tariffs affect products from key US trading partners

Starting Thursday, the U.S. implemented tariff rates ranging from 10% to 50% for numerous trading partners. This marks a pivotal moment for President Donald Trump’s strategy aimed at reducing the U.S. trade deficit while trying to avoid major disruptions to global supply chains, higher inflation, and extreme responses from other nations. At 12:01 AM EDT, […]