Bitcoin's (CRYPTO: BTC) run to above $70,000 has traders bullish about price predictions of $80,000 and more finally becoming a reality. What Happened: Popular crypto analyst Jelle shared his Bitcoin insights in a series of tweets, stating that Bitcoin is…
Nvidia, Inc.‘s (NASDAQ:NVDA) lead in artificial intelligence has translated to strong fundamentals, giving a major boost to its stock price. While still trailing Apple, Inc. (NASDAQ:AAPL) in market cap, Nvidia emerged on Tuesday as the second-largest holding in the SPDR…
Wall Street is eyeing a strong start to the week, with mega-cap tech stocks and the resumption of the meme rally likely providing the thrust the market needs to break out of the lackluster phase seen in late May. The…
McDonald’s Corp. (NYSE:MCD) shares are down year-to-date despite the fast-food chain being counted among defensive stocks, which typically generate decent returns even when the economy is going through a downturn. An analyst at KeyBanc Capital Markets on Friday weighed in…
Nvidia CEO Jensen Huang generated excitement over the weekend by throwing the ceremonial first pitch at a Major League Baseball game in San Francisco. The event also coincided with Taiwan Heritage Day, a day likely close to Huang’s heart given…
The House of Representatives’ recent passage of the Financial Innovation and Technology for the 21st Century Act (FIT21), colloquially dubbed the “crypto bill,” has experts cautiously optimistic about the bill’s potential to bring much-needed regulatory clarity. Still, questions remain about…
Shiba Inu (CRYPTO: SHIB) is benefiting from market optimism and a rising burn rate, prompting traders to foresee an upcoming price rally. What Happened: Shibburn data reported a burn rate of 434.6% in the past 24 hours, with more than…
A cryptocurrency heavily endorsed by social media giant Telegram turned out to be a dud in its opening week, leaving investors who bought into the hype with heavy losses. What Happened: Notcoin (CRYPTO: NOT) debuted on the Toncoin (CRYPTO: TON)…
Snowflake Inc (NYSE:SNOW) is negotiating to buy Reka AI for over $1 billion to enhance its generative AI capabilities. Reka AI, launched in 2022 by former Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google and Meta Platforms Inc (NASDAQ:META) researchers, specializes in large language models, which have applications…
U.S. stock futures were flat Wednesday morning as investors awaited a crucial report on consumer prices. The Consumer Price Index (CPI) for April is expected to significantly impact market direction due to its influence on Federal Reserve interest rates. Currently, the futures…
