Market

Tech Stocks Rebound as Earnings Season Begins and Fed Decision Looms; Nasdaq 100 jumps 1%, Nvidia climbs 2.7%, Boeing announces business realignment amid portfolio overhaul

Published on: January 28, 2025, 04:01 PM UTC

The dollar extended gains after President Trump favored "much bigger" tariffs than previously suggested, sparking trade war concerns and boosting the currency's haven status.

Published on: January 28, 2025, 04:01 PM UTC

Trump's "digital dollar" ban opens the door for China and Europe to become the global standard-setters for central bank digital currencies (CBDCs). While the US remains reluctant to digitize its reserve currency, over 130 countries representing 98% of the global economy are exploring CBDCs to keep pace with technological advancements. China, the Bahamas, and Nigeria have seen increased usage of their e-currencies, and the European Central Bank will soon unveil the key features of a digital euro. Observers believe that Trump's ban may have little domestic impact, but its geopolitical implications are significant. It could accelerate the "de-dollarization" trend and create a divide between countries actively developing CBDCs and those that are not.

Published on: January 28, 2025, 04:00 PM UTC

The prime rate is the interest rate banks charge their best customers, and it influences interest rates on loans, mortgages, and more. Learn more about what the prime rate is, where it comes from, and how it affects your wallet.

Published on: January 28, 2025, 04:00 PM UTC

Japanese company Metaplanet plans to raise $745 million to purchase 21,000 BTC by 2026, making it the largest equity funding in Asia for Bitcoin acquisition.

Published on: January 28, 2025, 03:05 PM UTC

Discover rare coins that could be worth thousands! Learn the key characteristics to identify valuable coins and avoid spending them. Explore specific rare U.S. coins with their impressive sale prices and tips to find these hidden treasures.

Published on: January 28, 2025, 03:05 PM UTC

Nasdaq and S&P 500 edge higher after tech sell-off; Nvidia bounces on AI worries.

Published on: January 28, 2025, 03:05 PM UTC

Top Wall Street analysts issue upgrades for Cisco (CSCO), Autodesk (ADSK), and Emerson (EMR), while downgrading AMD (AMD) and Vertiv (VRT). Get the latest market-moving research calls and analysis here.

Published on: January 28, 2025, 03:04 PM UTC

Big Tech earnings are the driving force behind the current bull market, but a recent sell-off in the markets has investors questioning whether the high earnings expectations will continue.

Published on: January 28, 2025, 03:04 PM UTC

Wall Street banks aim to recover from losses on Twitter buyout debt, buoyed by Musk's Trump ties and AI stake.

Published on: January 28, 2025, 03:03 PM UTC