Analysts believe that Bitcoin could reach $100,000 by the end of the year due to President-elect Donald Trump’s election victory. Trump’s promises to support cryptocurrencies and create a regulatory framework favorable to Bitcoin are seen as positive factors. Other catalysts for a potential price increase include changes in leadership at the SEC, crypto-friendly regulations, and…
China is expected to announce more economic stimulus after its parliament meeting ends. President Xi Jinping called for increased fiscal and monetary support to stop the real estate market slump. The approval for major increases in government debt and spending needs to come from the National People’s Congress. Analysts are cautious about direct support to…
Traders on the New York Stock Exchange saw U.S. stock futures holding steady after the S&P 500 and Nasdaq hit record highs following the Federal Reserve’s interest rate cut. The markets reacted positively to President-elect Donald Trump’s victory, with expectations of a Republican-controlled government leading to optimism about deregulation, tax cuts, and economic growth. However,…
As Wall Street anticipates President-elect Donald Trump’s return to the White House, one area of stocks that could benefit the most is those that stand to gain from his plan to cut corporate tax rates, according to Goldman Sachs. Trump’s victory has reduced some political uncertainty and served as a catalyst for a surge in…
Most Americans in retirement typically have a lower tax burden compared to their working years, due to factors such as no longer paying payroll taxes and lower household income. However, higher earners and big savers may still face significant tax impacts in retirement, especially with required minimum distributions from pre-tax retirement accounts. Some retirees choose…
James Ragan from D.A. Davidson believes that the focus of Jerome Powell’s press conference will be on the current view of Fed officials on the labor market, especially after the weak job numbers for October. Traders will be looking for clues on future rate policy during Powell’s press conference. Consumer rates have changed significantly since…
Warner Bros. Discovery’s streaming platform Max saw significant growth in the third quarter, adding 7.2 million global subscribers and reaching a total of 110.5 million subscribers by the end of September. This growth has been a bright spot for the company as its traditional TV networks face challenges from cord cutting and a soft advertising…
Small caps, specifically the Russell 2000, are seeing gains in morning trading, following a surge on Wednesday. RBC’s Calvasina notes that positioning and sentiment are stretched, but there may be room for further growth. Bank of America downgrades SolarEdge Technologies due to potential risks to the clean energy industry under a Trump presidency. Moderna shares…
The Sweden’s Riksbank has cut interest rates by 50 basis points, signaling more cuts to come in the future. The UK’s bond yields slipped ahead of the Bank of England’s rate decision, while the pound ticked up despite expectations of an interest rate cut. The US Federal Reserve is also expected to cut rates by…
A cargo ship is headed to Qingdao Port in China, as the country’s exports in October saw a significant increase, surpassing analyst expectations. Exports rose by 12.7% year on year, the highest since March 2023, while imports fell by 2.3%. The growth in exports is attributed to delayed shipments, price discounts, and the upcoming holiday…