This week in crypto: Bitcoin hit a huge milestone, closing above $100K for the first time, though volatility and $1.8 billion in total crypto liquidations shook the market. BlackRock’s IBIT made headlines with a massive $398.6 million BTC purchase, while Ripple’s new stablecoin, RLUSD, was finally approved by the NYDFS. El Salvador discovered $3 trillion in unmined gold, and may change its Bitcoin law as part of an IMF deal. Plus, Google’s quantum breakthrough raised new concerns about Bitcoin’s
Investors might want to dial back the exuberance if they want the stock market rally to continue in 2025
Bullishness is soaring as the market wraps up 2024. "It is reasonable to wonder who might be left to push the market higher."
There's a sign flashing in the labor market that the US may be slipping into a recession, SocGen says
"Either this time is different, or the US might just be slip-sliding into a profits crushing recession," SocGen's Albert Edwards said.
Activist Investor Starboard Has Built Stake in Bitcoin Miner Riot: WSJ
Starboard is reportedly pushing the miner to convert some of its mining sites into data centers.
Ranger Finance Targets Crypto Perps Traders of 'Size' on Solana
Solana's first crypto perpetuals aggregators service wants to compete with market leader Hyperliquid.
With Fed rate cut looming, bitcoin holds above six-figure mark
Market analysts believe bitcoin might soon rally to $120,000.
US Producer Prices Jump on Eggs But Fed Categories Come in Soft
(Bloomberg) -- US wholesale inflation unexpectedly accelerated in November on a surge in egg prices, while other categories suggested a muted increase in the Federal Reserve’s preferred price gauge.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsCloud Computing Tax Threatens Chicago’s Silicon Valley DreamThe producer price index for final demand ros
Stock market today: Indexes slip after wholesale inflation comes in hotter than expected
Indexes dipped slightly on Thursday, with the Nasdaq pulling back from records. A slightly hot PPI report didn't derail the outlook for a rate cut next week.
Cheap Valuations Won't Cut It Anymore as Investors Like New Metric for Japan Stocks
(Bloomberg) -- When the Tokyo Stock Exchange unveiled a campaign to whip poorly managed companies into shape two years ago, investors responded by piling into companies with the lowest valuations.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsCloud Computing Tax Threatens Chicago’s Silicon Valley DreamThe investment thesis was that management could
How to Play Oracle Stock (ORCL) with Options Strategies
Software giant Oracle (ORCL) naturally stole the spotlight after releasing its earnings results for its fiscal second quarter. It was a disappointing outing, with earnings per share of $1.47 missing the consensus target by a penny. Also, revenue of $14.06 billion fell short of the $14.10 billion that experts anticipated. Given the lackluster performance, there may be a natural tendency to consider shorting ORCL stock with the purchase of put options. With the broader tech sector having enjoyed r