Subway Rival Enjoys Spike In Popularity, Plus: Potbelly’s Tasty Stock Performance
Placer.ai, the business location analytics company, examined the rising success of sub franchises like Jersey Mike's and its 'affluent suburb' patrons.
Bitcoin Hits $1-Trillion Value, Nvidia Outweighs Google And Amazon, Hot Inflation Pauses Stock Gains: This Week In The Markets
Bitcoin (CRYPTO: BTC) surged past $50,000 this week, catapulting to a $1-trillion market valuation just a month after the Securities and Exchange Commission granted approval for the first spot Bitcoin exchange-traded fund.
S&P 500, Nasdaq 100 Snap 5-Week Streak As Hot Inflation Prints Dent Tech Stocks
S&P 500 and Nasdaq 100 ended 5-week winning streak due to higher than expected inflation reports, raising concerns about Fed rate cuts. Treasury yields rose, impacting markets negatively. Tech, consumer discretionary, and real estate sectors were affected. Major indices and ETFs saw mixed performance this week, with energy and materials sectors performing the best while technology sector saw a decline.
Bitcoin, Ethereum Form Bull Flags As Dogecoin Slides In An Uptrend: A Look At The Cryptos Into The Weekend
Bitcoin (CRYPTO: BTC) was consolidating during Friday’s trading session after reaching a high of $52,890 on Thursday –a level the apex crypto hasn’t traded at since Nov. 10, 2021.
Tech Stocks Ease On Hot PPI, Yields Rise, Microsoft, Amazon Snap 5-Week Positive Streak: What’s Driving Markets Friday?
Wall Street takes pause after stronger-than-expected producer inflation report, potentially delaying Fed rate cuts and impacting major indices and stocks.
Tesla Drops After Missed Earnings, Why Is Cathie Wood Gobbling Up Shares?
Tesla Slides It’s been a rough year for Tesla (NASDAQ:TSLA). As other members of the so-called magnificent 7…
Magnificent 7 Stocks Trigger Concerns Of Market Overheat: Bubble Trouble?
Bank of America's Michael Hartnett's insights reveal common catalysts for market bubbles, including tech innovation and central bank easing. Historic parallels to current Magnificent Seven stocks show potential for future burst, with rising Treasury yields as a harbinger.
Consumer Sentiment Hits 31-Month High In February, Inflation Expectations Edge Higher
U.S. consumer confidence rises in Feb. to highest since July 2021. Inflation expectations for the year ahead increase, but sentiment remains positive.
Producer Inflation Outruns Expectations In January, Chills Investor Bets On Fed Rate Cuts
U.S. producer prices rose more than expected in January, leading traders to adjust expectations for Fed rate cuts. PPI up 0.3%, core PPI up 0.5%.
Cathie Wood’s Ark Sells Coinbase Shares Amid Bitcoin Rally Despite Surprise Quarterly Profit — Nvidia, Alphabet Stocks Also Shed
In a notable move on Thursday, Cathie Wood-led Ark Invest adjusted its portfolio by selling shares of Coinbase Global Inc (NASDAQ:COIN) following the company’s announcement of its