Author: Anthony M. Orbison

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The European Central Bank cut interest rates by a quarter-point to 3 per cent, as it watered down its hawkish language and warned that growth would be weaker than it had previously forecast.The ECB’s cut — its fourth reduction in borrowing costs since June — takes the central bank’s benchmark deposit rate to its lowest level since March 2023.Christine Lagarde, ECB president, said some rate-setters had proposed a larger, 50 basis-point cut. But she added that support for the quarter-point move was…

Cathie Wood, who leads Ark Investment Management, usually targets tech stocks that she believes have disruptive potential, even if their valuations are high.Sometimes, she’ll cash in on stocks that have climbed for a while to secure gains, and that’s what she did last week.💰💸 Don’t miss the move: SIGN UP for TheStreet’s FREE Daily newsletter 💰💸Investors and analysts have mixed opinions on Cathie Wood. Supporters see her as a visionary in tech investing, while critics say she’s a mediocre fund manager.Wood’s followers nicknamed her “Mama Cathie.” She gained widespread attention with an impressive 153% return in 2020.However, her longer-term performance…

Este artículo también está disponible en español. A Falling Wedge pattern has emerged on the XRP price chart, fueling speculation of a bullish reversal to new highs. According to a crypto analyst, XRP could reach three potential new price targets if it can break out of the Falling Wedge, with $2.8 being the highest target.    Falling Wedge To Trigger XRP Price Surge To $2.8 The XRP price has been on a powerful uptrend in the past month, jumping from $0.5 to over $2 in just one month. Acknowledging this impressive performance, a crypto analyst on TradingView, known as ‘MBM_Crypto,’ has…

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China has confirmed its commitment to stimulating economic growth following a top-level economic planning meeting that concluded on Thursday. The meeting, which was reported by state-run CCTV after the mainland China market had closed, emphasized the government’s intention to adopt a proactive fiscal policy. This includes plans to increase the deficit and issue more ultra-long bonds in the coming year. The iShares China (TSX:) Large-Cap ETF (NYSEARCA:FXI) experienced a 0.8% rise in premarket trading, although it later reduced those gains. The annual economic conference, presided over by President Xi Jinping, also indicated a willingness to moderately ease monetary policy by…

Bitcoin ETFs are setting unprecedented records as BlackRock‘s offerings lead both U.S. and European markets. Recent data shows $6 billion in new investments across major cryptocurrency investment funds. This growth proves more big institutions are joining the market. BlackRock’s success brings new competition to European Bitcoin funds.Source: Yahoo FinanceAlso Read: What’s the Worth of Donald Trump’s Cryptocurrency Portfolio?Bitcoin ETFs Surging with Record Inflows & BlackRock Leading the European MarketSource: Watcher GuruBlackRock’s Market DominancePAST 48 HOURS: BLACKROCK AND FIDELITY BOUGHT OVER HALF A BILLION USD OF ETH pic.twitter.com/44N5mRAT5O— Arkham (@arkham) December 11, 2024BlackRock now controls large shares of both Bitcoin and…

Eli Lilly (NYSE: LLY) may seem like an expensive stock to invest in right now. It’s trading at close to 90 times its trailing earnings. Its $720 billion market capitalization also means it’s the most valuable healthcare stock in the world. Although it may seem like it has hit a peak given the stock’s slowdown in recent weeks, there could be a huge catalyst upcoming for the business next year. It’s one that investors should keep a close eye on because it could send the stock to record highs in 2025. Eli Lilly is a big name in diabetes care…

Adobe shares slumped lower in early Thursday trading following a host of price target changes on Wall Street following the cloud software group’s end-of-year earnings and fiscal 2025 outlook.Adobe  (ADBE)  has been of the tech market’s biggest underperformers so far this year, falling around 13.2% over the past twelve months as it struggles to monetize its ambitions to infuse AI technologies across its broad software suite. That said, the group’s overall backlog, including unbilled revenue — known by analysts and investors as remaining performance obligations, or RPO — rose to just under $20 billion at the close of its 2024 fiscal…

contributor Posted: December 12, 2024 Aave has surged over the past 24 hours to hit a three-year high of $359. The coin’s mean dollar invested age has dropped as old coins entered circulation. Over the past 24 hours, Aave [AAVE] has experienced a strong upward momentum, rising from $269 to a 3-year high of $359. In fact, at the time of writing, Aave was trading at $353. This marked a 32.82% increase on daily charts. The recent rally has left analysts talking about factors driving it. Inasmuch, Santiment has posited that the massive drop in “mean dollar invested age” is…

Matt Cardy/Getty Images News Domino’s Pizza (NYSE:DPZ) will voluntarily transfer its stock exchange listing to the Nasdaq Global Select Market from the New York Stock Exchange, effective Dec. 31, 2024, after market close. The company’s common stock is expected to begin trading as a Nasdaq-listed security on Jan. 2, 2025. It will retain its current ticker symbol “DPZ.” Domino’s Pizza (DPZ) debuted on the NYSE on July 13, 2004. DPZ shares are up 10.7% YTD. Source link