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Bitcoin Sinks Deeper Toward $100,000 as Bear Market Grips Crypto
Bitcoin sank deeper to the $100,000 mark, dragged down by a fresh wave of risk aversion and a selloff in tech stocks that reignited Wall Street jitters.The digital currency fell to 100,447 now and once dropped as much as 3.9% to $97,956, intensifying a slump that’s wiped out more than $450 billion i
Tiger News
Fri, Nov 14
Fed's December rate cut looks increasingly like a toss-up
SAN FRANCISCO/DUBLIN, Nov 13 (Reuters) - Citing worries about inflation and signs of relative stability in the labor market after two U.S. interest rate cuts this year, a growing number of Federal Reserve policymakers are signaling reticence on further easing, helping push financial market-based oddReuters
Fri, Nov 14
Wall Street tumbles as Nvidia slides, investors fret that Fed may slow rate cuts
Nov 13 (Reuters) - Wall Street ended sharply lower on Thursday, with steep losses in Nvidia and other AI heavyweights, as investors scaled back expectations of interest rate cuts due to inflation worries and divisions among central bankers about the U.S. economy's health.
Reuters
Fri, Nov 14
Mike Burry says Oracle will overstate earnings by 27% and Meta by 21% due to depreciation gimmic
Michael Burry has accused two of America’s biggest tech players, Oracle and Meta, of using what he calls “depreciation gimmicks” to exaggerate their profits from the AI boom, according to CNBC.Cryptopolitan
Thu, Nov 13
South Korea shares gain for a fourth day; end of US government shutdown in focus
South Korean shares extended gains for a fourth straight session on Thursday, as the U.S. House passed a bill to end the longest-ever government shutdown in South Korea's second-biggest trading partner.Reuters
Thu, Nov 13
Gold extends rise as Trump signs deal to lift shutdown
Gold rose for a fifth straight session on Thursday to hit its highest in more than three weeks, buoyed by expectation that the U.S. government reopening will restart the flow of economic data and boost bets for further interest rate cuts.Reuters
Thu, Nov 13
Trump signs deal to end longest US government shutdown in history
House votes to advance funding package to end 43-day shutdownDemocrats oppose package due to lack of healthcare subsidiesTrump supports package, likely to pass with conservative backingBy David Morgan, Nolan D. McCaskill, Bo Erickson and Gram Slattery WASHINGTON, Nov 12 (Reuters) - President Dona...Reuters
Thu, Nov 13
US bonds firmer as Treasury's Bessent remarks, labor market woes drive demand
NEW YORK, Nov 12 (Reuters) - U.S. Treasuries rose on Wednesday, pushing yields lower, as market participants interpreted Treasury Secretary Scott Bessent's comments as supportive of the long end of the curve even as persistent labor market concerns underpinned the rally.Reuters
Thu, Nov 13
Fed's Collins says 'likely appropriate' to keep policy rate on hold
Nov 12 (Reuters) - Boston Federal Reserve President Susan Collins, who voted for the Fed's policy-rate reduction last month, said on Wednesday she sees a "relatively high bar" for additional easing in the near term, citing worries about elevated inflation.Reuters
Thu, Nov 13
Trump to host JPMorgan's Dimon, other Wall Street CEOs at White House dinner
Nov 12 (Reuters) - U.S. President Donald Trump is expected to host a private dinner at the White House on Wednesday with several top business executives, including JPMorgan Chase JPM.N Chief Executive Jamie Dimon, an administration official told Reuters.The gathering, which wil...Reuters
Thu, Nov 13
US Labor Department urged to prioritize November employment, CPI data post-shutdown
WASHINGTON, Nov 12 (Reuters) - The U.S. Labor Department's statistical agency should prioritize the production of November employment and inflation reports when the government reopens to ensure Federal Reserve officials have up-to-date information at their December policy meeting, economists said.Reuters
Thu, Nov 13
Dow notches record-high close while Amazon weighs on Nasdaq
Nov 12 (Reuters) - Wall Street's main indexes were mixed on Wednesday, with the Dow notching a record-high close and the Nasdaq losing ground as investors rotated out of pricey technology stocks while focusing on a likely end to a historic U.S. government shutdown.Reuters
Thu, Nov 13
