Tag: Markets
Goldman Sachs says we’re on the verge of a stablecoin gold rush worth trillions
Goldman Sachs and U.S. Treasury Secretary Scott Bessent expect a stablecoin gold rush, driven by new regulations and massive potential for payment market expansion....
Home Depot leads Dow higher as Wall Street holds steady in summer lull
Wall Street is holding steady on Tuesday, stuck in a summer lull.
The S&P 500 slipped 0.2%, a day after barely budging, and remains near its...
Sam Altman might be right: He’s not the only one who thinks the stock market is in ‘bubble’ territory
OpenAI CEO Sam Altman said the word “bubble” three times in 15 seconds in a room full of reporters and then urged them not...
Warren Buffett’s $1.6 billion bet on UnitedHealth sends the struggling insurer’s stock soaring
U.S. stocks are hanging around their record levels on Friday as Wall Street heads toward the finish of another winning week.
The S&P 500 edged down by...
The bond market is signalling that a September cut from the Fed is no longer locked in
Surging U.S. producer prices and a spike in Treasury yields have cast some doubt on a widely expected Fed rate cut in September. The...
A 23-year-old CEO convinced his parents to open a custodial account in second grade. He fears meme stocks inflate Gen Z’s dreams of getting rich quick
When Steven Wang was in second grade, he convinced his parents to open a custodial stock account. Now 23 years old, he’s running “dub,”...
AI experts return from China stunned: The U.S. grid is so weak, the race may already be over
“Everywhere we went, people treated energy availability as a given,” Rui Ma wrote on X after returning from a recent tour of China’s AI...
AI spending added 0.5% to GDP growth and the Magnificent 7 stocks are driving the market
The S&P 500 is up 10% year-to-date and set another all-time high yesterday. Much of that growth has come from the Magnificent 7 tech...
Markets cashed in on the war in Ukraine but may like peace with Russia even more, top analysts say
While European markets benefited from the Ukraine war, analysts believe peace could boost the euro and stocks even more. Lingering distrust of Russia means...
The ‘Fed put’ is back: If Tuesday’s inflation report is bad expect chaos in the markets
S&P 500 futures were flat this morning as global markets rested at or near their all-time highs. Investors are optimistic the U.S. Federal Reserve...