Bob Iger took over the role of Walt Disney Company (NYSE:DIS) CEO nearly one year ago. Since then, he watched the company have several setbacks, including its shares hitting nine-year lows.
Speaking at a recent event, Iger answered questions on a ...
The United Auto Workers union has initiated a campaign to unionize workers at 13 non-union automakers across the United States.
This initiative, announced on Wednesday, aims to bring nearly 150,000 autoworkers from major companies including BMW (OTC: ...
In a pivotal move, embattled crypto exchange FTX got the necessary court permission to proceed with selling assets from Grayscale Investments and Bitwise, estimated at $744 million. This development is a part of FTX's bankruptcy restructuring ...
Solana (CRYPTO: SOL) has emerged as one of the top gainers among Layer-1 (or base) blockchains, up over 80% in the past month. Other top-performing Layer-1 cryptos in the past month include Avalanche (CRYPTO: AVAX) up 82%, Cardano (CRYPTO: ADA) up ...
The Bureau of Economic Analysis is set to release the Personal Consumption Expenditure (PCE) index for October, a crucial inflation indicator closely monitored by the Federal Reserve, at 8:30 a.m. ET Thursday.
The PCE index stands out as the Federal ...
The Federal Reserve’s latest Beige Book, a collection of economic information collected by each Federal Reserve District up to Nov. 17, paints a picture of a slowing U.S. economy, with consumers displaying increasing price sensitivity.
The report also ...
Electric vehicle company Tesla Inc (NASDAQ:TSLA) will begin deliveries of the highly anticipated Cybertruck pickup truck Thursday, and a well-known Tesla analyst is sharing their estimates for the new model ahead of the event.
A leading analyst ...
Stocks are experiencing their 16th green session out of the 20 so far in November, with the S&P 500 index reaching its highest level since early August, and the Nasdaq 100 just 4.4% below its all-time highs set in November 2021.
The second estimate of ...
The ARK Innovation ETF (NYSE:ARKK), managed by renowned investor Cathie Wood, has posted remarkable gains in November, making it the fund’s best-performing month since its launch in 2014.
The ARK Innovation ETF surged by nearly 35% in November, ...
Given the fair winds of lower interest rates and a soft landing for the economy next year, the S&P 500 index could return 11% in 2024, analysts predict.
That’s not a bad shout, given that the historical average annual return for the index is around ...
With the crypto market showing increasing signs of good health, buoyed by optimism around the potential regulatory approval of a spot Bitcoin ETF, Breakout couldn’t have timed its launch any better.
Founded by a quartet of tech startup founders, ...
Legendary musician Beyonce had one of the highest-grossing tours of 2023 with her "Renaissance Tour." A concert film from AMC Entertainment Holdings (NYSE:AMC) highlights the success of the tour and demand for the singer.
What Happened: Movie theater ...
As financial institutions continue to raise their certificate of deposit (CD) rates, American savers find themselves presented with increasingly attractive opportunities to grow their money.
These developments have been spurred by multiple Federal ...
To gain an edge, this is what you need to know today.
Inflection Point
Please click here for a chart of SPDR Gold Trust (ARCA:GLD).
Note the following:
The chart shows that gold has staged a strong rally.
The chart shows Arora signals including the ...
Former BitMEX CEO Arthur Hayes says China seems to be prepping up to infuse the economy with overflowing credit thereby pushing Bitcoin (CRYPTO: BTC) and thus broader cryptocurrency industry higher.
What Happened: Hayes says that the U.S. and China ...
U.S. government bonds are on track for their best month in nearly 40 years following a summer and early autumn sell off that saw foreign buyers all but desert the Treasury markets.
The dramatic turnaround in November came as Treasury yields dropped ...
Israel and Hamas were discussing through mediators the possibility of extending the Gaza truce on Wednesday as the six-day pause neared its end. The two sides had only a few hours left to reach an agreement before the fighting was scheduled to resume. ...
The latest report from the Bureau of Economic Analysis reveals that the U.S. economy displayed robust growth in the third quarter of 2023, surpassing initial estimates and posting the strongest expansion since the fourth quarter of 2021.
The second ...