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The bitcoin rally is generating a false sense of security among investors, according to the strategist behind the so-called granddaddy of gold exchange-traded funds. State Street Global Advisors’ George Milling-Stanley warns cryptocurrency plays don’t offer the stability of gold. “Bitcoin, pure and simple, it’s a return play, and I think that people have been jumping […]
CNBC’s Jim Cramer on Friday previewed next week’s important Wall Street action, suggesting it’s wise to pay attention to a slew of retail earnings as well as reports from Dell and CrowdStrike. He also said that the coming week is typically a good one for the market and advised investors to ring the register on […]
A look at the day ahead in European and global markets from Ankur Banerjee A series of manufacturing data will likely dominate markets’ attention on Friday, with the euro rooted near its lowest in more than 13 months, while bitcoin edged towards $100,000 on expectations of friendlier regulations in the United States. India-listed shares of […]
Trump Media is in “advanced talks” to buy the cryptocurrency trading firm Bakkt, the Financial Times reported Monday, citing two people with knowledge of the talks. The news sent shares of both companies soaring. Trump Media, which is majority owned by President-elect Donald Trump, shot up by double digits minutes after the Financial Times report […]
U.S. House Speaker Mike Johnson (R-LA) speaks to reporters as House Republican leaders hold a press conference at the U.S. Capitol House in Washington, U.S., November 12, 2024. Nathan Howard | Reuters House Speaker Mike Johnson said Sunday that House Ethics Committee’s probe into Matt Gaetz, President-elect Donald Trump‘s pick for U.S. attorney general, is a “Pandora’s box” […]
Money manager John Davi is positioning for challenges tied to President-elect Donald Trump’s tariff agenda. Davi said he worries the new administration’s policies could be “very inflationary,” so he thinks it is important to choose investments carefully. “Small-cap industrials make more sense than large-cap industrials,” the Astoria Portfolio Advisors CEO told CNBC’s “ETF Edge” this […]
CNBC’s Jim Cramer on Friday highlighted the biggest events next week on Wall Street, pinpointing earnings reports from Nvidia, TJX and Walmart. And as postelection worries create an uncertain market landscape, he advised that investors proceed with caution. “Look, I’ve told you that there are many pitfalls with individual stocks when it comes to Trump […]
December interest rate cut unlikely despite summer slowdown High interest rates also weighed on the UK economy over the summer. The Bank of England kept interest rates at a 16-year high of 5.25% until August, when it cut them to 5% (followed by a cut to 4.75% last week). Suren Thiru, ICAEW economics director, suspects […]
Trump trade drives pound down to four-month low against the dollar Donald Trump’s election victory last week is continuing to shift the markets. The pound has dropped to its lowest level against the US dollar since early July this morning, down half a cent to $1.2653. On election day, sterling was worth $1.30, but it […]
Pictured here is an AI-generated clip from Vidu’s website. The tool can create videos from text or image prompts. Evelyn Cheng | CNBC BEIJING — Beijing-based Shengshu Technology on Wednesday said that its artificial intelligence-powered text-to-video tool Vidu will now be able to generate videos by combining images. Vidu already allows users worldwide to create […]