What past cycles say about Bitcoin potentially surpassing $1.5 million
Bullish trends spark debate over Bitcoin’s potential for unprecedented price milestones this cycle.
Citigroup joins Wall Street peers in forecasting 25 bps rate cut by Fed in December
Citigroup's revision came after data on Friday showed nonfarm payrolls rose by 227,000 jobs last month, following an upward revision to 36,000 jobs in October. U.S. job growth surged in November after being severely hindered by hurricanes and strikes, but a rise in the unemployment rate to 4.2% pointed to an easing labor market that indicated the Fed could likely cut interest rates this month. Major brokerages including Morgan Stanley and Goldman Sachs have reiterated their expectation of a 25-basis-point interest rate cut by the Fed in December after the jobs data.
Why 2025 could be Bitcoin's breakout year for corporate investors
Institutional interest in Bitcoin surges as accounting changes allow fair-value balance sheet reporting.
Reports of a Takeover Send Hershey Stock Soaring
Food giant Mondelez is once again exploring an acquisition of chocolate maker Hershey, according to Bloomberg.
Ahead of Earnings, Analysts Say ‘Robust’ Costco May See Stock Split
Costco Wholesale is scheduled to report earnings for the first quarter of fiscal 2025 after the market closes, with analysts expecting the retailer to report rising revenue and profits.
Oppenheimer Sees S&P 500 Reaching 7,100 by 2025-End Amid Economic, Consumer Resilience
The S&P 500 is expected to end 2025 at a 7,100 level, suggesting a roughly 17% upside from Friday's
Why Cryptocurrencies XRP, Dogecoin, and Shiba Inu Are Struggling Today
Cryptocurrencies took a breather today as the price of Bitcoin retreated from $100,000 and traded around $97,500 as of 1 p.m. ET. Treasury yields rose in anticipation of new inflation data later this week, but otherwise, it was not immediately clear what drove the sell-off. Other cryptocurrencies followed Bitcoin's lead and struggled today as well.
El Salvador Is the Only Country Directly Buying Bitcoin Among 13 BTC-Holding Nations
About 47 nations have improved access to Bitcoin since 2020.
Palantir Technologies Stock Pulls Back After Setting All-Time High
Palantir Technologies shares retreated Monday after hitting their latest all-time high earlier in the session.
Vertex Has $5 Billion-Plus Opportunity In Pain And Kidney Disease Programs, Analyst Upgrades Stock
Jefferies has upgraded Vertex Pharmaceuticals Inc. (NASDAQ:VRTX), citing the company’s robust cystic fibrosis base business and the additional upside from the new LNP/ mRNA therapy (around $1 billion opportunity) and “triple pill” regimens. The company’s pipeline can potentially exceed expectations if the data is positive. The analyst views the risk/reward balance as mostly neutral for 2024. The pain program stands out as a potential blockbuster, especially with the upcoming launch for acute pai