AI, Biotech, Energy Sectors Expect M&A Revival For 2024
The AI market, along with energy and biotech, are ripe for M&A following the worst performance in almost a decade for deal-making in 2023.
Cathie Wood Reinforces Faith In Tesla Despite Stock’s Slump Following Q4 Double Miss, Ark Buys Whopping $66M Worth Of EV Maker’s Shares
Tesla is a major portfolio holding of Cathie Wood's Ark Invest, and the firm stood by the stock despite the week's slump.
Bitcoin ETFs More Likely ‘Off-Ramp For Whales’ Than ‘On-Ramp For Traditional Investors’: Analyst
Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs) are emerging not as a gateway for mainstream investors but as an offramp for seasoned whales, according to Schwab Network's Oliver Renick.
Stocks Ease Despite Benign Inflation Data, Bitcoin Stages Comeback: What’s Driving Markets Friday?
Stocks mixed in New York, with investors assessing mild inflation report and strong personal spending figures. Short-term Treasury yields rise, tech stocks lag, and Bitcoin surges 4.9%. Intel stock falls 12% despite positive earnings, while semiconductors sell off.
President Biden Announces LNG Export Decisions Pause
In a significant move, the Biden administration has announced a temporary pause on pending decisions of liquefied natural gas (LNG) exports on Friday. The statement from President Joe Biden emphasized the need to scrutinize the impacts of LNG exports on energy costs, America's energy security and the environment.
‘Cuts Are Coming’: 7 Economists On December Inflation Data, What It Means For The Fed, Markets
PCE inflation held at 2.6% in Dec, below forecast. Core inflation at 2.9%, suggests potential rate cuts.
Fed’s Favorite Inflation Measure Holds At Nearly 3-Year Lows, Bolstering Market Rate Cut Bets
Inflation data released Friday matches economist estimates and could cement the chances of Fed interest rate cuts in 2024.
Tesla’s Bloodbath No Deterrent For Cathie Wood, Ark Mops Up $32.5 Worth Of Shares, What Lies Ahead For The Stock?
Ark Invest swooped up Tesla shares Thursday at a bargain price as the stock fell to an 8-month low amid negative reaction to earnings.
EXCLUSIVE: Inverse Cramer ETF Shuts Down — How The Magnificent 7 Stocks Factor In And ‘A Broken Clock Is Right Twice A Day’
An ETF created to bet against TV personality Jim Cramer is closing. A look at why the fund is closing and what's next.
ECB’s Lagarde Rejects Recession Label For Europe, Recalls Yellen’s ‘Forget It’ Remark
ECB President Christine Lagarde challenges the traditional recession definition, focusing on robust labor markets despite potential negative growth in the Euro Area.