Stock market today: Indexes snap a 5-day losing streak as tech stocks surge
Stocks hit session highs around the same time Congressman Mike Johnson was reelected as Speaker of the House.
Warren Buffett's favorite internet stock is a 'top pick' with 16% upside in 2025, Citi says
Citi said it is encouraged by recent month-over-month growth in .com domain registrations, which could point to year-over-year growth in 2025.
Dogecoin, Shiba Inu Redefine Meme Coin Phenomenon That 'Extends Beyond Mere Speculation': Report
High-frequency trading firm DWF Labs has released a comprehensive report detailing how meme coins are reshaping the cryptocurrency landscape and redefining traditional market dynamics. What Happened: The DWF Labs report, published on Thursday, is ...
Alcohol stocks tumble after US surgeon general warns of cancer risks and pushes for warning label
Less than half of Americans recognize alcohol as a leading risk factor for cancer, unlike 89% aware of links between smoking and cancer, the surgeon general said.
Why Dogecoin Is Soaring Today
Dogecoin (CRYPTO: DOGE) has posted big gains over the last day of trading. The crypto market has seen bullish momentum over the last day of trading, but there's also a major coin-specific catalyst for Dogecoin's gains. Investors are betting that X's new payments system will be launching soon and that Dogecoin could be incorporated into the platform.
The revival of America's manufacturing sector will be a major boost to the stock market, BofA strategist says
Manufacturing activity could begin to expand as soon as April of this year, Bank of America strategists said in a recent note.
Stock market today: Indexes bounce back as investors aim to end 5-day losing streak
The Santa Claus trading window ends Friday, and a negative return during the seven-day trading window could be a bad sign for 2025, a strategist said.
Fed's Kugler says data will drive Fed policy choices amid uncertainty
Federal Reserve Governor Adriana Kugler said on Friday the U.S. central bank is uncertain about what the economy will deliver in 2025 and will let upcoming economic data drive the course of monetary policy. In light of Fed forecasts last month for fewer interest rate cuts in 2025, "there is a view that we can take our time, to slow down" and be more "gradual" while watching the data to see if sticky inflation pressures start to ease again, Kugler said in a CNBC interview. If the resilient job market starts to lose steam, however, "we would be ready to act in a different direction" with monetary policy, she said.
Trump Won't Announce Strategic Bitcoin Reserve Via Executive Order, Says Analyst: 'He Would Likely Buy BTC In The Background'
Cryptocurrency analyst James Van Straten expressed skepticism on Thursday over the immediate announcement of a Bitcoin (CRYPTO: BTC) strategic reserve on Day 1 of Donald Trump’s office. What Happened: Van Straten ruled out the possibility of Trump issuing an executive order establishing a Bitcoin reserve, contrary to previous reports. “I don’t see Donald Trump announcing a BTC reserve via an executive order on Day 1 or in the near term,” he wrote on X. Don't Miss: Coinbase’s latest promo gets yo
Michael Saylor Meets Eric Trump, Says 'Bitcoin Is On The Menu At Mar-a-Lago'
Prominent Bitcoin advocate Michael Saylor has met with Eric Trump, sharing a photo of the two from a meeting in Mar-a-Lago. What Happened: Saylor shared a photo of himself and Eric Trump with the statement, "Bitcoin is on the menu at Mar-a-Lago," in ...