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Japanese investment firm Metaplanet has made another major investment to boost its Bitcoin portfolio. According to the firm’s latest disclosure, it purchased an additional 2,205 Bitcoin (BTC) for roughly $237.9 million (34.49 billion yen). The tokens were obtained at an average cost of 15.64 million yen per bitcoin, approximately $107,800, now bringing its total holdings … Read more
U.S. stocks climbed higher as softer inflation data improved the prospects of a Fed rate cut. U.S. stock indices erased early morning losses on hopes that a lower consumer price index reading might contribute to monetary easing. On Tuesday, June 12, the Dow Jones was up 0.17%, or 70 points, while the S&P 500 and … Read more
Bitcoin surged roughly 3.8% over the past 24 hours, briefly breaking above the $110,000 mark before settling around $109,600 by Tuesday morning Asian hours. This move marks Bitcoin’s (BTC) strongest performance in June so far, reversing last week’s drop that saw the asset dip near $100,000. The price now sits just 3% below its all-time … Read more
U.S. stocks ended higher on Monday, showing resilience despite rising trade tensions between Washington, Beijing, and Brussels. The Nasdaq Composite climbed 0.7%, while the S&P 500 added 0.4%. The Dow Jones Industrial Average posted a marginal gain of less than 0.1%. The uptick came after China pushed back against President Trump’s accusation that it had … Read more
U.S. stocks ended Friday on a mixed note after recovering from early losses, closing out a volatile but strong May. The S&P 500 finished nearly flat but posted a 6% monthly gain — its best May since 1990. The Dow rose 0.13% on the day, and the Nasdaq slipped 0.3%, despite briefly falling over 1.6% … Read more
Key Takeaways Bitcoin reached a new record high amid Japan’s debt concerns and an increase in gold prices. Corporate buying by Strategy and Metaplanet has been linked to Bitcoin’s recent price gains. Share this article Bitcoin touched $109,845 on Binance Wednesday morning, surpassing its January high of $109,588 and being on track to hit $110,000 … Read more
U.S. stocks were slightly mixed on Wednesday, as chipmakers saw major gains on new deals with Saudi Arabia. Stocks were mixed on Wednesday, with the Dow Jones trading lower by around 0.25% while the S&P 500 remained flat. The tech-heavy Nasdaq rose 0.75%, or 142.58 points, to 19,150. This performance followed a strong showing earlier … Read more
The Dow Jones Industrial Average, S&P 500, and Nasdaq rose on Friday as investors responded positively to signs of a potential de-escalation in the ongoing tariff war between the United States and China. U.S. stocks picked up where they left off Thursday after President Trump announced a major trade deal with the United Kingdom. The … Read more
U.S. stocks ended the week mixed, with investor sentiment cautious ahead of scheduled trade talks between U.S. and Chinese officials in Switzerland this weekend. The Dow Jones Industrial Average fell 0.3%, while the Nasdaq Composite edged up 0.0043% while the S&P 500 hovered near the flatline down 0.07% The trading action follows a preliminary U.S.-U.K. … Read more
Rivian’s cost–cutting measures have gotten it a lot closer to profitability, but the company is warning that 2025 could still be a challenging year – especially because of the whorl of uncertainty caused by the new Trump Administration. The company announced Thursday its fourth quarter and full-year 2024 financial results, and along with it, shared … Read more
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