Bitcoin ended the week on a high note, reaching over $105, 000 right before Donald Trump's second-term inauguration. At the start, it was slumping, dipping below $90, 000 due to Fed interest rate concerns. Inflation data on Wednesday showed a rise, which raised hopes for another Fed rate cut. Bitcoi
On Wednesday, all eyes are on the Bureau of Labor Statistics' inflation report. JPMorgan has weighed in on how the stock market might respond. The report, due at 8:30 a. m. ET, is expected to show monthly gains of 0. 3% for both headline and core consumer price index (CPI), with annual inflation rat
Last Friday's stock dip might not be over yet. Big shares like the Dow Jones lost almost 700 points, or about 1. 6%, after news about jobs made investors nervous that the Federal Reserve won't cut rates as much as they thought. The S&P 500 and Nasdaq also fell more than 1. 5%. This means all three m
Monday was a rough day for tech stocks, with big names like Nvidia, Palantir, and Rigetti Computing seeing significant drops. Nvidia fell by nearly 4%, Palantir by 3. 5%, and Rigetti Computing plummeted by 10%. Even last year's Nasdaq winner, AppLovin, wasn't spared, with a 3% loss. This sell-off ha
Bitcoin, the leading cryptocurrency, took a nosedive below $92, 000. This slide happens just days before Donald Trump's upcoming presidency. The coin had surged to a record high of over $106, 000 last month, buoyed by hopes of the Fed's final 2024 interest rate cut and Trump's influence on markets.
US stocks took a nosedive on Friday after a surprisingly strong jobs report for December. The Dow plummeted by 697 points, closing at 41, 938, while the S&P 500 and Nasdaq indices fell by 1. 5% and 1. 6%, respectively. All three indices ended the week in the red. The economy added 256, 000 jobs las
This week, global bond markets have been in a tailspin. The cause? A wave of new government debt hitting the market. Investors are fretting about just how much money governments are borrowing. For instance, the U. S. alone raised $119 billion by selling bonds that mature in three, ten, and thirty ye
As 2024 draws to a close, mortgage rates are on the rise again. The average 30-year fixed-rate mortgage is now just below 7%, the highest it's been in six months. This increase comes despite the Federal Reserve's recent rate cut. The central bank, however, is less optimistic about further cuts this
2024 has been a whirlwind year for investors. The U. S. stock market has been on a roll, breaking records and defying expectations. The S&P 500 index surged 24. 3% by December 20, marking the first time since 1998 that it jumped by at least 20% for two consecutive years. Tech giants like Apple and N
The Federal Reserve decided to trim interest rates by a quarter percentage point on December 19. But they also tweaked their forecast, hinting that rate cuts won't speed up. Are high yields still the hot commodity for investors? Let's dig in! Investors often chase after stocks that promise high ret
