Following a beat-and-raise earnings report for its fiscal second quarter last week, artificial intelligence behemoth Nvidia (NVDA) continues to tease a fresh breakout. And as it holds support above its 10-week moving average, Nvidia stock has also secured a spot on the Investor’s Business Daily Leaderboard and the Stock Spotlight screen. More than a dozen…
Nvidia (NVDA) stock broke out after a beat-and-raise report for its second quarter but reversed lower sharply on Friday. Shares edged higher towards a pivot on Monday. With a market cap of $5.2 trillion, Nvidia has reclaimed its crown as the most valuable company on the stock market. Apple (AAPL) was knocked off that perch…
The 10-year Treasury yield hit a 19-month high Monday morning in a challenge to Treasury Secretary Scott Bessent’s effort to assert control over long-term government bond yields. Higher long-term bond yields are generally a negative for stock prices and mortgage rates, and place upward pressure on the surging cost of servicing the federal debt. Treasury…
Michael Saylor‘s Strategy (Nasdaq: MSTR), née MicroStrategy, finally bought Bitcoin (BTC) for the first time after a gap of two months. The company announced on Aug. 31 that it purchased 4,603 BTC for $369.7 million during Aug. 24-30. Related: Elon Musk has 9-word response to quantum computing race The last time Strategy bought Bitcoin was…
By Jonathan Stempel Aug 31 (Reuters) – A U.S. judge said the former parent of Silicon Valley Bank cannot pursue a $1.71 billion claim against the FDIC stemming from the bank’s March 2023 collapse, one of the largest U.S. bank failures. In a 206-page decision on Friday, U.S. District Judge Beth Labson Freeman in San…
The dollar index (DXY00) is down by -0.16% today. The dollar is modestly lower today, consolidating below last Friday’s 2-week high. Today’s rally in the Chinese yuan to a 3.5-year high is undercutting the dollar. However, losses in the dollar are limited today as WTI crude oil climbs more than +2% to a 1-week high,…
Strategy (NASDAQ: $MSTR) bought $370 million U.S. of Bitcoin (CRYPTO: $BTC) over the past week. It was the company’s first Bitcoin purchase in two months. Strategy acquired 4,603 Bitcoins at a cost of $369.7 million U.S. The company paid an average price of $80,318 U.S. per BTC. Strategy said that it funded the latest Bitcoin…
When a small business needs to pay its electricity bill or collect payment from a stubborn client, it often encounters the same problem: a tangled mess of manual spreadsheets and paper checks. Bill.com Holdings(NYSE:BILL) replaces that friction with a cloud-based platform that automates accounts payable and receivable for small and mid-sized businesses. The stock, which…
IREN (NASDAQ: IREN) CEO Dan Roberts said a projected $25-$30 billion in AI capital expenditure spending “isn’t an equity number,” according to a post Monday. “The $25-30bn of forecasted FY27 capex isn’t an equity number,” co-founder and co-CEO Daniel Roberts said. “Customer prepayments can cover about half the GPU capex. Lenders can fund most of…
The S&P 500 Index ($SPX) (SPY) is down by -0.42% today, the Dow Jones Industrial Average ($DOWI) (DIA) is down by -0.55%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down by -0.23%. E-mini S&P futures (ESU26) are down -0.40%, and September E-mini Nasdaq futures (NQU26) are down -0.18%. Stock indices are under pressure today, with the Dow Jones…
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