Crypto expert Jeremie Davinci forecasts Bitcoin reaching $350,000, based on current mining costs of $70,000 and historical 5x price multipliers during bull markets. This prediction is supported by increasing institutional adoption, including BlackRock’s ETF launch and the recent Bitcoin halving event reducing supply. Current price: $94,791. Key factors: mining economics, institutional investments, and supply scarcity. […]
Broadcom Inc. (AVGO) closed the latest trading day at $225.29, indicating a +0.44% change from the previous session’s end. The stock outperformed the S&P 500, which registered a daily gain of 0.16%. Elsewhere, the Dow saw an upswing of 0.86%, while the tech-heavy Nasdaq depreciated by 0.38%. The chipmaker’s stock has dropped by 0.22% in […]
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(Bloomberg) — It’s the round-trip ticket no one on Wall Street wanted. Most Read from Bloomberg The S&P 500 Index on Monday briefly dropped below where it ended on Nov. 5, just before Donald Trump was elected president, and closed only slightly above that level on Monday. Investors are dumping stocks and interest rates are […]
Medpace (MEDP) closed at $352.01 in the latest trading session, marking a +0.32% move from the prior day. The stock’s performance was ahead of the S&P 500’s daily gain of 0.16%. Meanwhile, the Dow gained 0.86%, and the Nasdaq, a tech-heavy index, lost 0.38%. Coming into today, shares of the provider of outsourced clinical development […]
In early trade, Zomato, IndusInd Bank, NTPC, Adani Ports, SBI, and Tata Motors from the Sensex pack opened with gains, rising between 2-3%. On the other hand, HCL Tech, HUL, Tech Mahindra, ITC, and Infosys opened in the red. Highlights of trade: HCL Tech stock slips over 8% after Q3 results. HCL Technologies shares dropped […]
Comcast (CMCSA) closed at $36.45 in the latest trading session, marking a +0.25% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 0.16% for the day. Meanwhile, the Dow gained 0.86%, and the Nasdaq, a tech-heavy index, lost 0.38%. Shares of the cable provider have depreciated by 8.92% […]
By Samuel Shen and Summer Zhen SHANGHAI/HONG KONG (Reuters) – Day-trader Lu Delong’s optimism for a China stocks rally quickly evaporated in the first week of the year when, just three months after positioning for a surge fuelled by Beijing’s stimulus pledges, he was forced to dump shares and tally his losses. Many retail investors […]
TOKYO (AP) — Asian shares traded mixed Tuesday, echoing Wall Street trading, where gains for oil-and-gas producers helped offset drops for Nvidia and other Big Tech companies. Japan’s benchmark Nikkei 225 slipped 1.8% in morning trading to 38,469.58, reopening after a holiday on Monday. Australia’s S&P/ASX 200 added 0.4% to 8,220.50. South Korea’s Kospi was […]
Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla. Those of you that have flipped on CNBC either on purpose or by accident sometime in the past two years may know those companies as the so-called Magnificent Seven, or “Mag 7” in Wall Street-speak. They’re all huge American tech companies — they’re all investing heavily in […]