Scott Melker discusses the Federal Reserve's latest decision to hold interest rates steady, Meta (META) and Microsoft's (MSFT) increasing AI expenses, but only one stock is getting punished. Meanwhile, bitcoin (BTC-USD) continues to hover around $64,000, Melker explains why the cryptocurrency's resilience is a bullish sign despite the broader market uncertainty. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.
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Plus markets are rebounding after a slightly hawkish FOMC, BTC ETFs flip to inflows and MoonPay launches a new AI product + airdrop
Today Federal Reserve meeting: Fed Chairman Kevin Warsh will hold a press conference at 2:30 p.m. ET, following the FOMC interest-rate decision at 2 p.m. Earnings (a.m): Procter & Gamble, Humana, L3Harris, Biogen, General Dynamics, Teva Pharmaceuticals, Airbus Earnings (p.
Today Earnings (a.m.): Coca-Cola, UPS, Boeing, Sherwin-Williams, Hilton, Centene, PayPal, S&P Global Earnings (p.m.): Visa, Ford Motor, Mondelez International, Waste Management, PPG Industries, Bloom Energy, Avis Budget, Seagate Technology Economic data: Consumer confidence index, Johnson Redbook retail sales index, U.
Investing.com -- Bitcoin prices were closing in on $64,000 on Sunday lifted by pre-Fed positioning and a notable surge in options market activity as traders bet on a significant move targeting toward $72,000 by the end of July, following this week’s Federal Reserve meeting.
Rick Santelli called the June jobs number over CNBC’s floor mic this morning, and if you were half-listening on the Robinhood (NASDAQ:HOOD) app, you probably heard the pause before the number. “Our June release of the job jobs report headline number comes in light change in nonfarm payrolls 57,000. That’s about half of what we ... The June Jobs Report Came In at Half of What Wall Street Expected. Here’s What Broke
Stocks fell as Meta buzz hit SpaceX, Micron and many AI stocks. Tesla is near a buy point with deliveries due. The June jobs report also is on tap.
Stocks suffered broad, sharp losses on rate hike bets after the first Warsh Fed meeting. SpaceX fell for the first time while Robinhood jumped.
FEATURE Artificial-intelligence stocks were mounting a comeback on Wednesday, having slumped the previous session, as hopes of a peace deal between the U.S. and Iran led investors to pile back into some of the market’s best-loved names.
Catch up on the stories we’re following today
Trulieve, Curaleaf, and Green Thumb Industries showed up on the app this week as the federal government inches toward reclassifying recreational marijuana.
Kalshi sued Minnesota in federal court this week, joining Donald Trump‘s Commodity Futures Trading Commission in challenging a law signed by Tim Walz that would make the state the first to criminalize prediction markets starting Aug. 1. Walz signed the bill May 18, and the CFTC filed its challenge the following day. Kalshi joined this week with its own complaint targeting state Attorney General Keith Ellison, Walz and gambling enforcement chief John Anglin. State lawmakers framed the measure as
The federal government is giving newborn Americans $1,000 to invest in the stock market while handing Robinhood millions of future customers in the process.
Earnings season revs up the next few days as investors will hear from big companies including Advanced Micro Devices, CoreWeave, Pfizer and McDonald's. Data on the U.S. jobs market will also be watched closely, culminating in April nonfarm payroll numbers Friday.
Stock futures were falling Monday, putting a record-breaking rally for the and in jeopardy as Iran state media reported that the country struck a U.S. warship in the Strait of Hormuz. The U.S. military’s Central Command denied the report. Shares of eBay jumped 8.1% to $112.40.
(Bloomberg) -- A Securities and Exchange Commission plan to let public companies cut quarterly disclosures to twice a year moved closer to reality after passing a White House review.Most Read from BloombergTrump Vows 25% Tariff on European Autos in Escalating Trade RiftTrump Rues State of Iran Talks, Says Prefers Not to StrikeWorld’s Largest Container Carrier Plans Route Avoiding HormuzTrump Family-Backed Drone Firm Signs Weapons Deal With USSpirit Bailout Talks Said to Have Ended With Closure L