Chipmaker Nvidia (NVDA) has been a major driver of the stock market recently, with its trading volume reaching record highs. However, some analysts are cautioning that this surge in enthusiasm might be unsustainable. An analyst firm, BTIG, points out that Nvidia’s daily trading volume is currently 90% above average and could reach 80 million shares….
Friday’s jobs report surprised everyone. It was great news for the economy, showing lots of new jobs and rising wages. This would normally be a good thing for stocks too, but it caused a stir in the bond market. Here’s why: The Fed’s Next Move: The Fed meets next week, and investors are waiting to…
Investors began 2024 optimistic about rate cuts, fueling record highs for major U.S. stock indexes. However, a surprisingly strong May jobs report upended those expectations. The report showed the U.S. economy added far more jobs than expected, with wages also rising higher than anticipated. This raised concerns about inflation and challenged the Federal Reserve’s ability…
Fidelity Investments is scoring wins on revenue-sharing agreements with exchange-traded fund (ETF) managers following a controversial fee policy. Investors use Fidelity’s platform to buy ETFs, and ETF managers typically charge fees. Fidelity wanted a slice of that pie. The company struck deals with nine ETF issuers who were previously facing potential surcharges for their funds…
A shakeup is coming to the S&P 500! Three companies are being added to the influential index to better reflect the current market landscape. According to S&P Dow Jones Indices, cybersecurity firm CrowdStrike (CRWD), private equity giant KKR (KKR), and web hosting company GoDaddy (GDDY) will be joining the S&P 500 on June 24th. These…
A crypto project called Gemholic faces accusations of stealing investor funds after moving a large sum of money and vanishing from social media. Gemholic ran a decentralized exchange (DEX) named GemSwap on the ZkSync network, a layer-2 scaling solution for Ethereum. In April 2023, an expert discovered that Gemholic accidentally locked 921 ETH (around $1.7…
This coming week promises to be eventful for the stock market, with several major events and index changes on tap. Upcoming Events: Stock Market Rally: The previous week saw the Nasdaq and S&P 500 reach record highs, while the Russell 2000 fell below its 50-day moving average. Despite some weakness in overall market breadth, several…
Ripple CEO Brad Garlinghouse believes the U.S. Securities and Exchange Commission (SEC) will approve exchange-traded funds (ETFs) for XRP, along with other cryptocurrencies, by next year. In a recent interview, Garlinghouse discussed the changing landscape of crypto regulations in the U.S., attributing the shift towards approving crypto ETFs to the SEC’s string of court defeats….
Binance, the world’s leading cryptocurrency exchange by trading volume, announced a significant achievement: surpassing 200 million registered users globally on June 8th. This number dwarfs reported figures from any competitor, though it’s important to note these are self-reported by Binance. Marking the occasion, Binance took to social media, highlighting the 200 million mark as a…
Keith Gill, the online investor who rose to fame during the 2021 GameStop short squeeze, is back in the spotlight and his trades are sending shockwaves through the market once more. Gill, known by his online aliases “Roaring Kitty” and “DeepFuckingValue,” announced his return to GameStop investing on June 2nd, revealing a hefty $180 million…
Good news for crypto buyers! Mastercard users can now once again purchase cryptocurrencies on Binance, the world’s largest exchange. This comes after Mastercard had disabled the option in August 2023. The previous suspension coincided with legal troubles for Binance in the US. The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC)…
In a move to boost its global cryptocurrency presence and attract institutional investors, Robinhood, the popular trading platform (HOOD), announced an agreement to acquire Bitstamp, a well-established crypto exchange. The all-cash deal valued at $200 million is expected to finalize in the first half of 2025, subject to regulatory approvals. This strategic acquisition will allow…