MicroStrategy shares up 20% in the week following Trump’s victory, rate cuts
MSTR has surged over 486% in the past 12 months, with the company planning to expand its Bitcoin holdings through a $42 billion purchase by 2027. Go to Source
Stock Market
Auto Added by WPeMatico
Crypto stocks see price rally as Bitcoin tops $66K
Crypto exchange Coinbase and Bitcoin miners CleanSpark and IREN closed Oct. 14 with double-digit percentage gains and continued to climb after the bell. Go to Source
Turkey Scraps Planned Crypto Tax, Targets Economic Reforms
Turkey has decided not to move forward with a new tax targeting stock market and cryptocurrency gains, according to Vice President Cevdet Yilmaz. While previously discussed, the plan has been dropped, with the government focusing instead on reducing tax exemptions. This shift follows concerns about the stock market and broader efforts to stabilize the economy … Read more
Peter Schiff Warns Fed’s Rate Cut Spells Economic Disaster — ‘It’s Game Over for the Fed’
Economist and gold advocate Peter Schiff has sounded the alarm on the Federal Reserve’s latest actions, linking a significant rate cut to rising gold prices and a weakening U.S. dollar. His warning about a deepening recession and rising inflation adds weight to concerns about future economic stability. “It’s game over for the Fed,” Schiff stressed. … Read more
Calm Markets: Stocks, Crypto, and Gold Show Little Movement Post CPI
The latest consumer price index (CPI) from the U.S. Bureau of Labor Statistics shows that inflation cooled to 2.5% in August, marking the slowest rate since 2021. Meanwhile, core CPI, which strips out the fluctuating food and energy sectors, posted a 0.3% increase for the month. Stocks, Bitcoin, and Gold Unmoved by CPI Data On … Read more
Mark Cuban Warns Kamala Harris’ Unrealized Gains Tax Will Kill Stock Market
Billionaire Mark Cuban warned that taxing unrealized gains would “kill” the stock market but believes Vice President Kamala Harris would not prioritize this policy. While Harris supports parts of President Biden’s tax plan, Cuban emphasized it is not her final stance. He also raised concerns about the policy’s impact on early-stage companies struggling with cash … Read more
Bitcoin Sinks 3% as Markets Brace for Friday’s Jobs Report, Gold Climbs
On Thursday, the crypto market mirrored the stock market’s downturn ahead of Friday’s anticipated U.S. jobs report. All major U.S. stock indices slipped into the red, with bitcoin (BTC) tumbling 3.6% in the past 24 hours. Meanwhile, gold enjoyed a nearly 1% gain, climbing back above the $2,500 per ounce mark. Recession Fears Loom as … Read more
Big tech is prepping an explosive pivot to robotics
The ten most valuable tech firms in the world are all involved in developing technology for the robotics industry. Go to Source
Analysts come unglued ahead of Nvidia earnings call — $10 trillion within 5 years
The September 28 earnings report is being called the most important event of the year for the stock market. Go to Source
Fedwatch Tool and Polymarket Indicate Strong Odds for September Rate Cut
Right now, the market is leaning towards the U.S. Federal Reserve lowering the benchmark interest rate at the Sept. 18, 2024, Federal Open Market Committee (FOMC) meeting. The CME Fedwatch tool currently indicates a 75% likelihood of a 25-basis-point (bps) rate cut. Over on Polymarket, bettors are even more confident, showing an 82% chance of … Read more
