The big news of the week came on Wednesday (March 19) when the US Federal Reserve’s Federal Open Market Committee (FOMC) convened for its March decision on whether to adjust its benchmark Federal Funds rate. Given the economic uncertainty surrounding US President Donald Trump’s economic and trade policies, it has been widely expected that the FOMC would maintain the rate ...
Bitcoin price closed trading at $84,220 on Friday, March 21, with positive momentum from multiple news events. Here’s how Coinbase latest $5 bilion acquisition deal could impact Bitcoin prices in the long-term . Bitcoin holds $84K as Coinbase moves to Acquire Deribit Bitcoin (BTC) closed trading around the $84,200 mark on Friday, March 22, as markets retreated from upwards volatility ...
Russia and Ukraine traded blame on Friday over an attack on a gas metering station that lies in Russia’s Kursk region, just a few hundred meters from their shared border. The attack on the facility in Sudzha comes just days after the US proposed both sides pause attacks on energy infrastructure. The Russian Defense Ministry claimed Kyiv had “deliberately attacked” ...
If one word could characterize this week’s stock market price action, it would be “sideways.” At least it’s better than trending lower. The stock market seemed comfortable with the Federal Reserve’s message on Wednesday, but lost that upside momentum and wasn’t able to follow through on the upside move until the last 30 minutes of Friday’s trading. The Dow ($INDU), ...
President Donald Trump said he’s not interested in showing ‘anybody’ plans for how the U.S. would navigate a conflict with China after a New York Times report that SpaceX and Tesla CEO Elon Musk’s meeting at the Pentagon Friday included details about contingency plans for any war with Beijing. Trump told reporters Friday that Musk met with Pentagon officials to ...
Nvidia CEO Jensen Huang on Thursday walked back comments he made in January, when he cast doubt on whether useful quantum computers would hit the market in the next 15 years. At Nvidia’s “Quantum Day” event, part of the company’s annual GTC Conference, Huang admitted that his comments came out wrong. “This is the first event in history where a company ...
Hydrogen stocks are benefiting from cleantech sector momentum as the world moves closer to a green energy future. The most abundant element on Earth, hydrogen is a colorless gas. It can be produced in liquid form and burned to generate electricity, or combined with oxygen atoms in fuel cells. In this way, hydrogen — which produces no carbon emissions — ...
US Securities and Exchange Commission (SEC) Chairman nominee Paul Atkins will appear before the Senate Banking Committee for his long-awaited confirmation hearing in the coming week. The committee will decide whether Atkins is a suitable replacement for Gary Gensler and will also consider other pro-crypto nominations. Paul Atkins US SEC Chair Hearing According to the released schedule, the US Senate ...
The government of Israel’s Prime Minister Benjamin Netanyahu has voted to dismiss Ronen Bar, the chief of Israel’s Shin Bet internal security service. The vote in the early hours of Friday local time could still be subject to appeals by Israel’s Supreme Court. “The government has now unanimously approved Prime Minister Benjamin Netanyahu’s proposal to terminate the term of Shin ...
You already know about diversification. You’ve set your investment goals, picked a benchmark, and decided on the weighting of your allocations. Now, it’s come down to selecting the assets—stocks or ETFs—to build your portfolio. As a long-term investor with moderate risk tolerance, how might you build a portfolio to withstand market drawdowns and weather the business cycle? There are many ...
Hegseth says Defense Dept eliminates hundreds of millions in ‘wasteful’ spending after DOGE findings
U.S. Defense Secretary Pete Hegseth said wasteful spending is over as he signed a memo to cancel over $580 million in Department of Defense (DoD) contracts. ‘We’re back with another quick update on our efforts to cut wasteful spending and cut it quickly at the Department of Defense,’ Hegseth announced in a post on X. ‘Today, I’m signing a memo ...
Klarna, the buy now, pay later lender that’s headed for an initial public offering, said on Thursday that it’s signed on DoorDash as a partner, another sign of momentum for public market investors. It’s DoorDash’s first BNPL alliance and gives users of the restaurant delivery service a new way to pay for meals. Klarna said in a press release that DoorDash customers will ...