By Scott DiSavino Jan 14 (Reuters) – U.S. natural gas output fell to a preliminary 11-month low on Sunday as frigid weather froze wells across the country, while gas demand for heating and power generation was on track to hit record highs. In Texas the state’s power grid operator, the Electric Reliability Council of Texas […]
The cryptocurrency industry has been in turmoil for more than two years. It started with a rotation away from risk assets as recession fears rippled through the economy in late 2021. Then the collapse of the Terra blockchain ecosystem set in motion a series of bankruptcies and forced liquidations that dragged the market down even […]
Over the past decade, Ark Investment Management has carved out a niche for itself by identifying investment candidates among disruptive and emerging technologies. In the company’s Big Ideas 2023 report, Ark laid out its thinking for a number of innovative fields, including robotics, 3D printing, digital wallets, and public blockchains, among others. Ark’s founder, Cathie […]
One of the smartest minds in the crypto industry is billionaire Mike Novogratz, the CEO of cryptocurrency investment firm Galaxy Digital Holdings (TSX: GLXY). As a former hedge fund manager and partner at Goldman Sachs Group (NYSE: GS), Novogratz is particularly talented at bringing insights from Wall Street and traditional finance to the Wild West […]
BUENOS AIRES, Argentina (AP) — Argentina’s annual inflation soared to 211.4% in 2023, the highest rate in 32 years, according to figures released Thursday by the government’s INDEC statistics agency. The data reflects the strong impact of a series of shock measures, including a 50% devaluation of the nation’s currency, implemented by right-wing President Javier […]
Major stock market indexes generated a little momentum Wednesday with the Dow Jones Industrial Average, S&P 500 and Nasdaq all padding gains slightly in afternoon trading. Meanwhile, three Magnificent Seven stocks, Amazon.com (AMZN), Meta Platforms (META) and Nvidia (NVDA) all moved higher. X The Dow advanced 0.2% while the S&P 500 added 0.3%. The Nasdaq […]
Semafor Signals Insights from El PaÃs, The Cuenca Dispatch, and The Economist The News Ecuador has been rocked this week by explosions, gang leaders escaping from jail, prison riots breaking out, the kidnapping and killing of police, and the storming of a TV studio during a live broadcast. In response to the wave of gang-related […]
The stock market is pushing toward a new all-time high, but some stocks have been left behind in the recent market rally. But fortunes could be turning for PayPal (NASDAQ: PYPL) investors. It has new management at the helm to take over for the dominant digital wallet. The new team sees plenty of opportunity to […]
The cryptocurrency market climbed about 110% in 2023, driving the price of Bitcoin (CRYPTO: BTC) up more than 150% during the year. But certain financial professionals see substantial upside for Bitcoin holders in the future, helped along by the likely approval of spot Bitcoin exchange-traded funds (ETFs) in 2024. Read on to learn more. Bitcoin […]
There is no doubt that Nvidia (NASDAQ: NVDA) has been one of the hottest stocks on the market over the past year thanks to huge demand for artificial intelligence (AI) chips the company sells. But this is precisely the reason why investors may be looking for other ways to tap the AI boom. After all, […]
The larger an object, the more force is needed to move it. And with a market cap of $800 billion, moving Tesla (NASDAQ: TSLA) requires a lot of force. Over the coming years, the company will need to generate significant value to maintain its stock’s upward momentum. And in the mind of Morgan Stanley analyst […]
The Nasdaq-100 Technology Sector index delivered an outstanding performance in 2023 with an impressive gain of 68%. Tech stocks found their mojo once again thanks to favorable economic developments, as well as the artificial intelligence (AI) gravy train. The good news is that the Nasdaq-100 seems set to soar higher in 2024, thanks to potential […]