Bitcoin’s fall below $100,000, its lowest level since June, has sparked fears that the worst is yet to come, another so-called crypto winter (a prolonged bear market in cryptocurrencies) that the market wrestles with every time digital currencies sell off hard in a short period of time.But Bitwise chief investment officer Matt Hougan says that while the retail investor is in “max desperation” mode, he sees that as a reason to bet that a bottoming in crypto prices may materialize sooner rather than later. With Wall Street institutional investor and financial advisor support for bitcoin, and growth in crypto ETFs,…
Author: usaeverydaylife
CNBC’s Steve Kovach joins ‘Fast Money’ with breaking news on another Trump nominee. Source link
A woman uses her mobile phone as she walks past the logo of Japan’s telecommunications giant SoftBank in Tokyo on December 25, 2013. Toru Yamanaka | Afp | Getty ImagesShares of Asian AI-linked companies fell Wednesday, tracking declines in U.S. peers, as investors turned wary of stretched valuations in the market’s most crowded trades.Shares of SoftBank fell 10%, while Advantest declined over 8%. Samsung Electronics slid 4.9%, while SK Hynix lost nearly 6%. Renesas Electronics was down 5.48%. That comes after Palantir dropped about 8% overnight, even after topping expectations for the third quarter, as sky-high valuations for the U.S.…
Voters cast their ballots at a polling station at the Ida Lee Recreation Center in Leesburg, Virginia, US, on Tuesday, Nov. 4, 2025. Graeme Sloan | Bloomberg | Getty ImagesIn Virginia’s closely watched gubernatorial race, Democrats appear to have benefited from a small but decisive bloc of voters who harbor unfavorable views of both major political parties, according to NBC News exit polls.That Democratic advantage there among disaffected voters mirrors trends seen in other contests Tuesday, including the New Jersey governor’s race and the New York City mayoral election, NBC reported.In Virginia, 41% of voters said that they had a…
CNBC’s Jim Cramer suggested Wall Street is too fixated the on large valuations of certain tech and speculative stocks, chalking up Tuesday’s market-wide decline in part to Palantir’s nearly 8% loss despite strong earnings results.”The larger issue is that we’re at the moment where money managers, when asked if the market’s too expensive, immediately think of the high-flying speculative stocks or those in the high-growth artificial intelligence column, and so they warn you away from the entire asset class,” he said. “These guys don’t think of the other 334 stocks in the S&P 500 that sell for less than 23…
The final trades of the day with CNBC’s Melissa Lee and the ‘Fast Money’ traders. Source link
Fire and smoke mark where a UPS cargo plane crashed near Louisville Muhammad Ali International Airport on Nov. 4, 2025 in Louisville, Kentucky. Stephen Cohen | Getty ImagesA UPS plane crashed shortly after takeoff on Tuesday around 5:15 p.m. local time after departing from Louisville Muhammad Ali International Airport in Kentucky, the Federal Aviation Administration said.UPS said in a statement that there were three crewmembers on the plane. “At this time, we have not confirmed any injuries/casualties,” the company said.The Louisville Metro Police Department said on X that it was implementing a shelter-in-place order near the crash site and that…
Jared Isaacman, U.S. President Donald Trump’s nominee to be administrator of the National Aeronautics and Space Administration (NASA) testifies during a Senate Commerce, Science, and Transportation confirmation hearing on Capitol Hill in Washington, D.C., U.S., April 9, 2025. Ken Cedeno | ReutersPresident Donald Trump has renominated Jared Isaacman to run NASA after pulling his prior nomination months ago due to what the president called a “thorough review of prior associations.””Jared’s passion for Space, astronaut experience, and dedication to pushing the boundaries of exploration, unlocking the mysteries of the universe, and advancing the new Space economy, make him ideally suited to lead…
Pedestrians carry Cava bags along Wall Street near the New York Stock Exchange (NYSE) in New York, US, on Monday, Aug. 18, 2025. Michael Nagle | Bloomberg | Getty ImagesCava on Tuesday cut its full-year forecast for the second straight quarter as younger consumers visit its restaurants less frequently.”When you look at different age demographics of fast casual, the 25- to 34-year-old consumer seems to be impacted a bit more than others, and fast casual tends to have a higher concentration of those consumers within their guest portfolio,” CFO Tricia Tolivar said in an interview, adding that the company saw…
The ‘Fast Money’ traders talk stocks retreating on valuation fears. Source link
