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Sprawling, power-thirsty data centers have become as much a staple of suburbia in some places as shopping malls and soccer fields. However, when Microsoft pulled the plug on planned data centers in Ohio last month, it added to questions about whether the nascent data center boom had already gone bust. A Wells Fargo report last Monday saying … Read more
Conditions have somewhat calmed since the president put his sweeping tariff regime on ice and floated talks of trade deals. But we may not be totally out of the woods. “We’re probably past peak uncertainty,” Fundstrat cofounder Tom Lee said on CNBC Monday. “But I don’t know if we’re past maximum pain.” It’ll be hard … Read more
Thailand, along with the rest of Southeast Asia, got some temporary relief when the U.S. President Donald Trump chose to delay his “Liberation Day” tariffs by 90 days. Now, the country’s U.S.-bound exports only have a 10% tariff, as opposed to the 36% threatened by Trump. Asian markets have gone on a wild ride since … Read more
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Bitcoin and stocks fell after reality set in on Wall Street, with recession fears starting to drive the market narrative. Both stocks and crypto markets declined during the trading day, giving back much of the previous day’s rally. On Thursday, April 10, the S&P 500 traded at 5,233.61, losing 223.36 points, or 4.31%. At the … Read more
Key Takeaways Ripple and the SEC have filed a joint motion to pause their ongoing appeals as they work towards a settlement agreement. The motion aims to conserve resources by temporarily halting the legal proceedings while awaiting Commission approval. Share this article The US SEC and Ripple Labs on Thursday submitted a joint motion to … Read more
U.S. Treasury yields moved lower on Thursday as investors breathed a sigh of relief after U.S. President Donald Trump enacted a 90-day tariff reprieve on most countries, reversing a sharp sell-off in bonds. At 4:50 a.m. ET, the 10-year Treasury yield was lower by over 10 basis points to 4.288%, and the 2-year Treasury yield also dropped just … Read more
The container ship Gunde Maersk sits docked at the Port of Oakland on June 24, 2024 in Oakland, California. Justin Sullivan | Getty Images Shares of Danish shipping giant Maersk, a bellwether for global trade, posted substantial gains on Thursday morning, rallying after U.S. President Donald Trump’s 90-day pause on higher tariffs for some countries. … Read more
Memecoins like FARTCOIN, POPCAT, and MOG saw strong gains as investors embraced a risk-on sentiment following President Donald Trump’s decision to ease up on some of his tough tariff policies, which sparked a broader market rally. According to CoinGecko, Fartcoin (FARTCOIN) shot up by 43.5%, hitting a 10-week high market cap of $731 million. Popcat … Read more
Bitcoin reclaimed the $80,000 level while major U.S. stock indices soared higher after President Donald Trump announced a temporary pause on the administration’s tariff regime for some countries. Bitcoin (BTC) traded above $81,000 Wednesday afternoon while the Nasdaq index was nearing a 10% gain as the latest announcment from the White House calmed markets that … Read more
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