Investors worldwide have been feeling the impact on stocks. A recent move has caused a stir and uncertainty on markets. Several key trading partners faced new tariffs over the weekend, including a 25% hit on goods from Mexico and Canada, with China also in the mix. Stock indexes reacted strongly to
For a long time, Wall Street banks stayed away from owning cryptocurrencies like Bitcoin. This was mainly due to a rule from the U. S. Securities and Exchange Commission (SEC). This rule, called "Staff Accounting Bulletin 121" or SAB 121, forced banks to treat digital assets as a liability on their
Just days into Donald Trump's second term, Wall Street's attitude towards crypto has done a 180. Morgan Stanley's CEO, Ted Pick, revealed at the World Economic Forum in Davos that the bank is keen to explore crypto transactions if regulations allow. Trump, once a crypto skeptic, has now embraced dig
The annual World Economic Forum in Davos, Switzerland, brings together top business leaders to discuss global issues. This year's speakers included Chinese Vice Premier Ding Xuexiang and European Central Bank President Christine Lagarde. U. S. President Donald Trump is set to speak remotely on Thurs
Monday was a rough day for tech stocks, with big names like Nvidia, Palantir, and Rigetti Computing seeing significant drops. Nvidia fell by nearly 4%, Palantir by 3. 5%, and Rigetti Computing plummeted by 10%. Even last year's Nasdaq winner, AppLovin, wasn't spared, with a 3% loss. This sell-off ha
Marvell Technology's stock is on the rise after a strong earnings report. Investors are feeling more optimistic about the integrated circuit maker's future. The company did better than expected in the third quarter and gave a positive outlook for revenue. This good news has led many Wall Street firm
Asian stock markets shot up on Tuesday, following a record-breaking finish on Wall Street led by tech stocks. The S&P 500 hit an all-time high for the 54th time this year, while the Dow Jones dipped slightly. Some experts think Japan's stocks might benefit from President Trump's latest tariff threat
Elon Musk and Vivek Ramaswamy's Department of Government Efficiency, nicknamed DOGE, is causing a stir on Wall Street. While some bankers are excited about potential deregulation and cuts, others are skeptical. Jamie Dimon of JPMorgan sees bankers celebrating, hoping for less regulation. But, hedge
SEC Chair Gary Gensler is leaving his post on January 20, 2023, when Donald Trump's administration takes over. Gensler, appointed by President Biden in 2021, was known for his tough stance on Wall Street and the crypto industry. He pushed for more transparency, reduced risks, and fought conflicts of
Nvidia is set to reveal its fiscal 2025 third-quarter results after the market closes on Wednesday. Wall Street is eagerly anticipating a significant profit jump to 75 cents per share, with revenue projected to hit $33. 16 billion—both figures marking over 80% growth compared to last year. Given Nvi
