Articles for category: Most Popular

The whipping post

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Will the Bitcoin ETF Finally Get the Green Light in 2024? Will the Bitcoin ETF Finally Get the Green Light in 2024?

This is the third version of this headline I’ve published in this newsletter. And the answer may finally be yes: A spot bitcoin exchange-traded fund (ETF) may begin trading in the U.S. in the coming weeks. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to ...

The whipping post

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Nasdaq 100 Faces Record Consecutive Negative Sessions Amid Tech Stock Tumble Nasdaq 100 Faces Record Consecutive Negative Sessions Amid Tech Stock Tumble

The Nasdaq Suffers Historic Tech Stock Tumble The Nasdaq 100 index has just concluded its fifth consecutive session in the red, signifying the most substantial negative streak for U.S. tech stocks in almost 14 months. This downturn commenced after reaching all-time highs on Dec. 28, 2023, at 16,696, but eventually closed down 0.05%. Since then, ...

The whipping post

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Costco’s December Success: Net Sales Up 9.9% Costco Cash In With Extra Shopping Day in December, Nets 9.9% Sales Bump

Photo by ablokhin/iStock Editorial via Getty Images Costco, the membership-only retailer listed on NASDAQ as COST, revealed a robust 9.9% surge in net sales, amounting to $26.15 billion for the retail month of December compared to the previous year. Following this news, shares of COST experienced a nearly 1% uptick in extended trading. December not ...

The whipping post

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Wednesday Option Activity: FDX, TGT, AMZN Wednesday’s Surge in FDX, TGT, and AMZN Options Trading

The options trading market today has been abuzz with significant activity in the stocks of FedEx Corp (Symbol: FDX), Target Corp (Symbol: TGT), and Amazon.com Inc (Symbol: AMZN). Notably, these three giants have all seen a surge in options trading volume, capturing the attention of market participants and investors alike. Feast of Options: FDX FedEx ...

The whipping post

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AI Chip Stock Showdown: AMD vs. Nvidia

Chip stocks have been nothing short of a rocket ship over the past year, driven by the insatiable demand for artificial intelligence (AI) technology. Leading the charge are industry giants Nvidia (NVDA) and Advanced Micro Devices (AMD), both of which are at the forefront of manufacturing specialized chips that power data centers for multiple AI ...

The whipping post

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Key Developments in the Mining and Metal Industry Key Developments in the Mining and Metal Industry

Top Stories for Jan. 3, 2024: Ivanhoe Electric’s Executive Chairman, Robert Friedland, is slated to deliver a keynote presentation at the Future Minerals Forum at the King Abdulaziz International Conference Center in Riyadh, Saudi Arabia. Additionally, President and Chief Executive Officer Taylor Melvin will participate in a panel discussion focusing on the development of a ...

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Goldman Sachs Foresees 50% Upside for Li Auto Goldman Sachs Foresees 50% Upside for Li Auto: A Bullish Outlook on Leading Chinese EV Manufacturer

Goldman Sachs has placed a bullish bet on Li Auto Inc, forecasting a staggering 50% surge in its stock value. Analyst Tina Hou initiated coverage of Li Auto with a Buy rating and a price target of $52.90, indicating an anticipated 52.9% upside over the next year for this prominent Chinese electric vehicle (EV) manufacturer. ...

The whipping post

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The Takeaway: 3 Stocks With 500% Gains to Unload

The recent performance of the U.S. economy has defied expectations, displaying encouraging trends across labor force participation, inflation, and wages. Despite initial concerns about lasting damage, the country has exhibited remarkable resilience, challenging prevailing pessimism. While lingering challenges call for caution, the overall economic and societal landscape appears more favorable than anticipated. In light of ...