The stock Market continues to struggle following the chaotic rollout of tariffs by the Trump administration, as the Federal Reserve expressed concerns about the uncertain economic impact of these policies. In a recent speech, Fed Chairman Jerome Powell highlighted that anticipated tariff increases could lead to higher inflation and slower growth. This news resulted in ...
Nvidia recently announced a $5.5 billion quarterly charge related to export restrictions on its H20 graphics processing units (GPUs) to China and other countries. This news led to a 6% drop in stock price during after-hours trading. The U.S. government now requires Nvidia to obtain a license for these exports, highlighting concerns that its growth ...
The recent weeks have been quite challenging for investors, with Market uncertainties driven by tariffs and geopolitical issues. However, signs suggest that the worst may be over, presenting new opportunities. Notably, areas like artificial intelligence, Bitcoin, and gaming are gaining traction. Stocks such as Palantir Technologies, MicroStrategy, and Take-Two Interactive stand out as promising investments. ...
Intel Corp, a leading chip manufacturer, recently exited the Bitcoin mining hardware Market just a year after launching its Blockscale chip line. Launched in April 2022, the chips were designed for cryptocurrency mining, with partnerships planned with companies like Argo Blockchain and Block, Inc. However, by April 2023, Intel discontinued the Blockscale line amid a ...
U.S. markets faced renewed concern on Thursday as tensions between the U.S. and China escalated, causing significant Market declines after a brief recovery. Bitcoin dropped about 4%, falling below $80,000, following its previous 8% rise. This decline coincided with a sharp drop in the Nasdaq and considerable losses in crypto stocks like MicroStrategy and Coinbase. ...
Bitcoin saw a significant price jump on Wednesday, climbing over 7% to $82,350.37 after former President Donald Trump announced a 90-day pause on tariffs. Earlier in the day, the cryptocurrency had dipped to $74,567.02, influenced by fluctuations in the U.S. Treasury yield, which briefly exceeded 4.51%. This surge in Bitcoin also affected related stocks; MicroStrategy, ...
Cryptocurrency prices surged on Wednesday after Donald Trump announced a significant change in tariff policies. He delayed tariffs on most countries for 90 days, reducing the rate to 10%, but raised tariffs on China to 125 effective immediately. Following this news, Bitcoin’s price jumped from around $77,000 to over $81,000, marking a 5.5% increase in ...
Traders in both crypto and stock markets were hopeful for a resolution to avoid 104% tariffs on Chinese goods, but the White House announced they would take effect on April 9. This news led to a 1.6% drop in the S&P 500, reigniting concerns about Bitcoin’s potential recovery in a challenging economic climate. As the ...
On Monday, the stock Market experienced significant swings due to false reports on the social media platform X about President Trump considering a temporary pause on tariffs. The misinformation originated from a minor account and quickly spread as verified accounts reshared it, leading major news outlets like Reuters and CNBC to report on it. This ...
Shares of MicroStrategy (MSTR) fell by 7.3% to $272.07 after the company announced it expects a loss in the first quarter due to a drop in the value of its cryptocurrency holdings. The firm reported a staggering $5.9 billion unrealized loss for the quarter ending in March. Despite this, a projected income tax benefit of ...
