Business

Is the dragon slain? Or just wounded? Inflation has been the scourge of the economy for the last three years. It spiked from a benign 1.4% when President Biden took office in 2021 to a searing 9% some 18 months later. The Federal Reserve took aim with speedy interest rate …

Micron Technology (NASDAQ: MU) stock surged nearly 80% in early 2024 and reached an all-time high of $153.14 on solid adoption of its high-performance memory products in the data economy. Despite this success, the stock is currently down by almost 32% from those highs. Investors were disappointed with the company’s …

The recent volatility in key GLP-1 stocks has put the spotlight on the anxiety Wall Street has about the weight loss market. The market is huge — a potential $150 billion a year by the end of the decade — and any financial miss, or negative data of any kind, …

Shopify (SHOP) and Block (SQ) are two very different companies, yet both operate in the e-commerce and payments sectors, serving businesses in related ways. Over the past five years, their trajectories have been quite similar – both were major beneficiaries of pandemic tailwinds, only to face significant drawdowns as those effects faded. Using …

Artificial intelligence (AI) is the biggest trend driving gains in the stock market since the start of the current bull market in October 2022. Companies have collectively added trillions of dollars to their market caps thanks to massive growth in AI spending and the opportunities generative artificial intelligence unlocks. But …

With 2025 on the horizon, investors are sharpening their focus on the year ahead, selecting portfolio additions that aim to bring solid returns. “There is reason to be bullish,” says Jordan Jackson, a JPMorgan strategist covering the markets. He highlights positive trends in inflation and interest rates, noting that consumer …

(Reuters) – Trump Media (DJT) & Technology Group’s key shareholder, ARC Global Investments, has unloaded nearly all its stake in the media company, it said in a regulatory filing on Thursday. ARC and its manager Patrick Orlando now hold about 0.01% stake, down from more than 5% or over 11 …

By Jonathan Stempel NEW YORK (Reuters) -Bill Hwang, the founder of Archegos Capital Management, should spend 21 years in prison for running a market manipulation scheme that wiped out his $36 billion firm and cost its lenders more than $10 billion, federal prosecutors said on Friday. In a late night …

Bitwise Seeks to Convert $1.3B Crypto Index to ETP Bitwise Asset Management has announced that NYSE Arca has filed a Form 19b-4 to uplist the $1.3 billion Bitwise 10 Crypto Index Fund (BITW) as an ETP, joining a growing trend of crypto asset managers seeking to convert investment vehicles into …

(Bloomberg) — China’s President Xi Jinping wants a “powerful currency” that is stable enough to play a rising role in global trade. Donald Trump’s return looks set to challenge that ambition. Most Read from Bloomberg The yuan risks years of downward pressure during the second Trump presidency, and the threat …