Jamie Dimon says Bitcoin has 'no intrinsic value'
JPMorgan Chase (JPM) chief Jamie Dimon doesn’t think people should smoke — or buy Bitcoin.
Etsy upgraded, Pinterest downgraded: Wall Street's top analyst calls
Etsy upgraded, Pinterest downgraded: Wall Street's top analyst calls
The bull market is still intact. This pullback is just the cost of doing business, says strategist
The S 500 is probably halfway through its setback already, says Truist strategist.
Thaksin Outlines Steps to Revive Flagging Thai Stock Market
(Bloomberg) -- Thaksin Shinawatra, the de facto chief of Thailand’s ruling party, called for tighter regulatory oversight, better corporate governance and tax incentives for long-term equity investors to revive confidence in the country’s stock market.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNew York, San Francisco Ranked Worst for US Traffic in City CentersThe two-time former prime mi
Discount Stores Chain Five Below Holiday Period Sales Surge 8.7%; Stock Rises
Specialty discount store chain Five Below Inc. (NASDAQ:FIVE) shares are trading higher in premarket Monday after an upbeat 2024 holiday sales. The company posted a net sales increase of 8.7% to $1.19 billion for the holiday period, which covered nine weeks from November 3, 2024, through January 4, 2025. This compares to the sales of $1.10 billion during the same period last year. However, comparable sales for the period dipped by 3.2%. Tom Vellios, Executive Chairman and co-founder, said, “The i
China’s Securities Regulator Vows Efforts to Stabilize Market
(Bloomberg) -- China’s top securities regulator said it will work on building a mechanism to stabilize the market, vowing to anchor market expectations in 2025 after a disappointing start to the new year.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNew York, San Francisco Ranked Worst for US Traffic in City CentersThe China Securities Regulatory Commission said stability is top of its agen
Bitcoin falls below $92,000 as crypto's Trump boost goes backwards
Bitcoin erased much of its recent post-election rally, falling into the red a week before Donald Trump is set to take office once again.
MicroStrategy Buys $243 Million of Bitcoin After Share Sales
(Bloomberg) -- MicroStrategy Inc. bought $243 million of Bitcoin, the 10th consecutive weekly purchase by the enterprise software company turned leveraged Bitcoin proxy.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionThe Tysons Corner, Virgina-based firm now owns over 2% of all the Bitcoin that will ever exist as co-founder and Chairma
Why Is Department Store Chain Macy's Stock Sliding Today?
Macy’s, Inc. (NYSE:M) shares are trading lower in premarket on Monday after the Department store chain provided an update on its fiscal fourth-quarter guidance. The company expects fourth-quarter net sales to reach, or slightly fall below, the lower end of the previously projected outlook of $7.8 billion – $8.0 billion and compared to the estimate of $7.885 billion. The company now anticipates its adjusted earnings per share for the fourth quarter to remain within its earlier forecast of $1.40 –
Elite Prep Schools Flood Muni Market After Regional-Bank Tumult
(Bloomberg) -- Just down the road from Stanford University, a roughly $200 million campus upgrade is underway at one of the Palo Alto area’s elite private schools, with plans encompassing state-of-the-art classrooms, an aquatics center and a recording studio.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNew York, San Francisco Ranked Worst for US Traffic in City CentersIt’s a massive financ