DIRS.INFO The most relevant business & tech news

☆ Loonie, Aussie in focus while U.S. dollar idles
▼ + stars: | 2024-12-09 | by ( ) www.cnbc.com time to read: +3 min

The Canadian dollar and Australian dollar were in focus on Monday ahead of their central bank meetings this week, while the euro and other major currencies held steady as traders reviewed the U.S. dollar's prospects. On the former, a quarter point cut by the ECB is baked in. The Canadian dollar is trading near a 4-1/2-year low as markets anticipate another outsized interest rate cut. Markets give a higher probability for a larger 50 basis point cut, and are even priming for negative interest rates by next year. While the case for the rate cut seems sealed, investors have one eye on U.S. consumer price inflation (CPI) data due this week.

Persons: Donald Trump, Morgan Stanley, China's, Chris Weston Organizations: Canadian, Federal Reserve, European Central Bank, Economic Work, ECB, The Bank of Canada, BoC, Reserve Bank of Australia, Swiss National Bank, Australian, Swiss, Fed, CPI, U.S Locations: Asia, China

“My POV on the risks and benefits of bitcoin hasn’t changed much, if at all,” said Samuel Deane, president and CEO of Deane Wealth Management, a financial advisory firm. While he’s a long-term bitcoin investor himself, clients who’ve added crypto to their portfolios are “doing it on their own after we establish the proper guardrails,” he said. “First understand the basics of bitcoin as a decentralized digital currency,” he advised, which includes taking stock of its volatility. He said he advises first-time crypto investors not to allocate more than 2% of their portfolios to bitcoin. For the crypto industry, “Gensler’s departure in and of itself was a positive,” said Isaac Boltansky, a director of policy research at the financial firm BTIG.

Persons: Donald Trump, hasn’t, ”, Samuel Deane, I’ve, Trump, David Sacks, Paul Atkins, Atkins, Deane, who’ve, “, that’s, Lee Baker, you’ve, ” Baker, he’s, Baker, Jerome Powell, it’s, “ it’s, ” Crypto, Gary Gensler’s, Joe Biden, Isaac Boltansky, Gensler, Boltansky, He’ll, Hester Peirce, Mark Uyeda, George W, Bush, Kevin Mahoney, “ That’s Organizations: Deane Wealth Management, White, Securities and Exchange Commission, Claris Financial, SEC, Federal, FBI, Senate, Commodity Futures Trading Commission, Republican Locations: America

☆ Elon Musk says DOGE's work will be public — legally, it has to be
▼ + stars: | 2024-12-08 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +7 min

Legal experts say it is obvious that Elon Musk's DOGE falls under a federal transparency law. Musk and Ramaswamy wrote in a Wall Street Journal op-ed that they would not officially join the Trump administration. Musk has already said that DOGE is looking for staffers willing to work 80-plus hours a week for no money. Musk wrote on X. Musk is already getting to work on DOGE.

Persons: Elon, Donald Trump, Musk, Vivek Ramaswamy, Ramaswamy, Jason Arnold, Obama, Bowles, Simpson, Erskine Bowles, Sen, Alan Simpson of, Trump, William Joseph McGinley, It's, Axios, Arnold, McGinley, Tricia McLaughlin, Clinton, Hillary Clinton's, George W, Bush's, Dick Cheney, Ken Lay, John Boehner, Boehner, Marjorie Taylor Greene, Joni Ernst, Mike Johnson Organizations: Elon Musk's, Federal Advisory, Department of Government, Securities and Exchange Commission, FAA, Congress, Trump, Virginia Commonwealth University, Republicans, Democrats, Democrat, White House, Republican, Social Security, Capitol Hill, Congressional Research Service, USA, Enron, Federal, Marjorie Taylor Greene of Georgia, Capitol Locations: Alan Simpson of Wyoming, Marjorie Taylor Greene of, Iowa

☆ What Ultrawealthy Investors Who Want to Buy TikTok Would Do With It
▼ + stars: | 2024-12-08 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +7 min

Related Video TikTok could be banned in US after House vote"Unfortunately, the TikTok ban was conceived and pushed through based upon inaccurate, flawed, and hypothetical information, resulting in outright censorship of the American people," TikTok's statement read. With the app's uncertain future in the United States, a slate of ultrawealthy investors has expressed interest in buying the social media platform. AdvertisementHere's what those who've said publicly that they want to buy TikTok would do with the platform if they acquired the app. Advertisement"Now that the Court has spoken, The People's Bid is prepared to move forward with our bid for TikTok," McCourt's statement reads. Walmart and the software company Oracle also assembled a bid to buy TikTok in 2020, but TikTok ultimately defeated Trump's orders in court and the acquisition plans did not materialize.

Persons: they've, TikTok, Kevin O'Leary, Frank McCourt, who've, O'Leary, Steven Mnuchin, Mnuchin, Bobby Kotick, Kotick, Sam Altman, McCourt, Ellis, Donald Trump, ByteDance, Trump's Organizations: Appeals, District of Columbia Circuit, Dodgers, Business, CNBC, TikTok, Bloomberg Television, Street, Activision, Allen, Co, Kotick, McCourt Global, Liberty, Guggenheim Securities, Kirkland, Microsoft, Walmart, Oracle, Business Insider Locations: United States, China, America, Beijing, American

See more mortgage rates on Zillow Real Estate on ZillowWhat Are Today's Mortgage Refinance Rates? See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. Current 30-Year Mortgage RatesAverage 30-year mortgage rates are hovering around 6.20%, according to Zillow data. Current 15-Year Mortgage RatesAverage 15-year mortgage rates are around 5.60%, according to Zillow data. But now that inflation has decelerated and the Fed has started cutting rates, mortgage rates have trended down compared to where they were a year ago.

Persons: we'll, Freddie Mac, Fannie Mae Organizations: Federal Reserve, of Labor Statistics, Mortgage Research, Zillow, Fed, Mortgage, Association, ARM, . Government Locations: U.S, Chevron, Government

☆ I have not seen a stock market like this in 42 years. Here's why and how to approach it
▼ + stars: | 2024-12-08 | by ( Jim Cramer | ) www.cnbc.com time to read: +10 min

Or, maybe the whole market has a new expectation of stocks — and, stocks are delivering on those expectations and then some. Maybe that's why it is up more than 900% for the year. Maybe that's why it is now a roughly $140 billion company. With so many other opportunities to raise money — such as private equity and venture capital firms trying to get in — the stock market almost doesn't matter. But only new supply can bring this market down because valuation has ceased to mean much for most of the market.

Persons: Victoria Valenzuela, Valenzuela, Mary Georgiadis, Georgiadis, Dawson Alyssa Harvey, Andrew Karam, That's, Friday's, It's, it's, Gary Gensler's, Donald, Joe Biden's, toolmaker Stanley Black, Decker, Stanley Black, Jim Cramer's, Jim Cramer, Jim, Jim Cramer Rob Kim Organizations: APP, Securities and Exchange Commission, SEC, Constellation Brands, Club, CNBC Locations: China, Mexico

☆ Fighting in Ukraine is giving rise to a new kind of drone warfare: hit-to-kill intercepts
▼ + stars: | 2024-12-07 | by ( Jake Epstein | Sinéad Baker | ) www.businessinsider.com time to read: +8 min

The grinding Ukraine war has seen a rise in hit-to-kill drone interceptions of other drones. Combat footage from the war in Ukraine has repeatedly captured these hit-to-kill intercepts in which a cheap drone slams into another unmanned aircraft. A Ukrainian FPV drone destroyed a russian Lancet drone that tried to escape its fate. Related storiesAn outfit that makes combat FPV drones posted in August that its modified drones had taken out 100 Russian UAVs. Interceptor drones are limited in range and altitude and often carry less explosive power than more traditional air defenses like missiles.

Persons: 📹:, roop, ake, ars., sy, nes to Organizations: unt, BI Locations: Moscow, Ukraine, Ukrainian

☆ We answer 9 mailbag questions, including ones about options, dividends, and share counts
▼ + stars: | 2024-12-07 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

Here's our Club Mailbag email investingclubmailbag@cnbc.com — so you send your questions directly to Jim Cramer and his team of analysts. There are two high-level factors that determine an options price, intrinsic value and time value. How does an investor know if when buying stock, they are buying company shares or trading shares with other investors . In a prior mailbag answer (see an excerpt above), we talked about how to go about doing this analysis. In other words, the valuation — be it based on price-to-earnings or a discounted cash flow model — is far more important than the stock price.

Persons: Jim Cramer, — Richard L, it's, Vega, — Dan M, Michele T, Will, Felix M, That's, we're, — Rich, —, Jim Cramer's, Jim, Jeffrey Coolidge Organizations: Theta, New York Stock Exchange, Nasdaq, Dow, Investing, Charitable, Jim Cramer's Charitable, CNBC, Iconica, Getty

As inflation cools and the Fed lowers its benchmark rate, mortgage rates are expected to trend down in 2025. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile. But now that inflation has decelerated and the Fed has started cutting rates, mortgage rates are expected to ease. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: homebuyers, you'll, Freddie Mac, it's, Fannie Mae Organizations: Fed, Federal Reserve, of Labor Statistics, Mortgage Research Center, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs, Mortgage, Association Locations: U.S, Chevron

☆ How much holiday cheer is too much? Investor enthusiasm on stocks running high into year-end
▼ + stars: | 2024-12-07 | by ( Michael Santoli | ) www.cnbc.com time to read: +10 min

The trick, though, comes in trying to distinguish between a bull market feeding off rational fundamental positives and one that has grown so frisky as to be acutely risky. What's clear for sure is that we've entered the "belief" phase of this bull market, which is more than two years old yet is showing few of the telltale signs of ending very soon. Wall Street turns bullish Brokerage-house strategists as a group were far too cautious entering 2023, the S & P 500 staying ahead of the consensus target virtually all year. Yet we think there will be fewer checks when stocks are running up, creating the potential for risk appetite to turn frothy." Just normal bull market?

Persons: we've, Todd Sohn, Donald Trump, Donald Trump's, anecdotally, David Rosenberg, Rosenberg, YTD, Stephen Suttmeier, Goldman Sachs, DocuSign, industrials Organizations: telltale, Strategas Research, Wall, Rosenberg Research, Blackrock Investment Institute, Blackrock, Bank of America, Robinhood, Cloud Computing, Trump, Big Tech, Leuthold, Fed

☆ The Fed is on course to cut interest rates in December, but what happens next is anyone's guess
▼ + stars: | 2024-12-07 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Friday's jobs report virtually cements that the Federal Reserve will approve an interest rate cut when it meets later this month. LaVorgna, who served as a senior economist during Donald Trump's first presidential term and could serve in the White House again, wasn't alone in his skepticism about a Fed cut. Appearing along with LaVorgna on CNBC, Jason Furman, himself a former White House economist under Barack Obama, also expressed caution, particularly on inflation. Furman noted that the recent pace of average hourly earnings increases is more consistent with an inflation rate of 3.5%, not the 2% the Fed prefers. "I've no doubt the Fed will cut again, but when they cut again after December is anyone's guess, and I think it will take more of an increase in unemployment," he added.

Persons: Jerome Powell, Joseph LaVorgna, LaVorgna, Donald Trump's, Chris Rupkey, bank's, Jason Furman, Barack Obama, Furman Organizations: US Federal Reserve, New York Times, Jazz, Lincoln Center, Federal Reserve, Fed, Nikko Securities, FWDBONDS, LaVorgna, CNBC, White Locations: New York, Nikko

☆ Gout Gout: 16-year-old rising sprint star breaks Australia’s nearly six-decade-old 200m record
▼ + stars: | 2024-12-07 | by ( Matias Grez | ) edition.cnn.com time to read: +3 min

CNN —Just a day after running the fourth fastest under-18 100m time in history, 16-year-old sprint sensation Gout Gout has broken Australia’s longstanding men’s 200m record. Gout is now the fastest 16-year-old in history over 200m, holds the second fastest under-18 200m time ever, and now holds the new Oceania 200m record, per World Athletics. It’s going to be a great future for sure,” Gout said, per Athletics Australia. “I didn’t expect it to be that fast, but I guess I ran Australia’s fastest ever time in the 200. But you know what they say, pressure makes diamonds and I guess I’m better than a diamond right now,” Gout added.

Persons: Peter Norman’s, “, Usain Bolt, Bolt, I’m, Tommie Smith, John Carlos, Norman, ” Organizations: CNN, Oceania, Juniors, Human Rights Locations: Brisbane, Australia, Mexico City

☆ Australian PM condemns arson attack on Melbourne synagogue as antisemitic
▼ + stars: | 2024-12-06 | by ( Brian Cheng | Brian Cheng Is An Intern On Nbc News'S Asia Desk. | ) www.nbcnews.com time to read: +2 min

Arsonists caused extensive damage to a synagogue in the city of Melbourne on Friday in what Australia’s Prime Minister Prime Minister Anthony Albanese has condemned as an antisemitic attack. “There is no place in Australia for an outrage such as this,” Albanese told reporters in the city of Perth after the Adass Israel Synagogue was engulfed in flames. Asanka Ratnayake / Getty ImagesAmir Maimon, Israel's ambassador to Australia, also condemned the attack on X, describing the attack as "heinous." Additionally, they have extended their support to the wider Jewish community as it begins towards healing from this tragic incident. the CEO of the Jewish Community Council of Victoria, Naomi Levin said in a statement.

Persons: Arsonists, Anthony Albanese, ” Albanese, Chris Murray, Asanka Ratnayake, Amir Maimon, Jacinta Allan, ”, Naomi Levin, Robert Gregory Organizations: Australia’s, Victoria Police, Jewish Community Council of Victoria, Australian Jewish Association, Albanese Government Locations: Melbourne, Australia, Perth, Israel, Victoria

☆ I'm a dad in Australia. I'm worried about the way the social media ban will affect my 14-year-old.
▼ + stars: | 2024-12-06 | by ( Paul Chai | ) www.businessinsider.com time to read: +5 min

He's not convinced that a social media ban on young teenagers is what Australian parents want. His older brother, who just turned 18, has been receiving his work shifts via social media chats for a few years. Paul ChaiAustralia's government has said the social media ban will apply to Facebook, Snapchat, Reddit, Instagram, and X. Related stories"We know social media is doing social harm," Prime Minister Anthony Albanese said in the November media release. In June, just a few months before the social media ban was passed, Australia's eSafety commissioner, Julie Inman Grant, suggested that a ban on social media for kids may not be a cure-all.

Persons: Paul Chai, —, Chai, doesn't, Snapchat, He's, Anthony Albanese, Albanese, Australia's, Julie Inman Grant, wean, I've Organizations: Facebook, Messenger, Google, YouTube, Guardian, IRL Locations: Australian, Melbourne, Parkrun, America

☆ Currency markets look to steady amid political turmoil, eye U.S. jobs report
▼ + stars: | 2024-12-06 | by ( ) www.cnbc.com time to read: +4 min

In cryptocurrencies, bitcoin took a breather after catapulting above $100,000 for the first time a day earlier, and even sceptics now expect a crypto-friendly Trump administration to feed an extended rally. "So long as the unemployment rate doesn't fall back to 4.0%, markets should be comfortable about leaning towards a rate cut this month." For now, the European Central Bank isn't expected to react to heightened political turmoil in Europe when it meets next week. The euro bloc currency was on track to post a loss this week, the fourth in the last five weeks. But comments from typically dovish policymaker Toyoaki Nakamura that he's not opposed to rate hikes helped push the currency higher on Thursday.

Persons: bitcoin, Trump, Sean Callow, Emmanuel Macron, Michel Barnier, Donald Trump's, Toyoaki Nakamura, he's, Yoon Suk Yeol Organizations: steadied, U.S ., InTouch, Federal Reserve, European Central Bank, Reuters, ECB, Traders, Bank of Japan's, South Korean, Australian Locations: South Korea, payrolls, France, Europe, Asia

☆ Super Micro gets Nasdaq listing extension, says it can file financials by February
▼ + stars: | 2024-12-06 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Super Micro said it expects to be able to file the reports by the deadline. Sales have surged because Super Micro is one of the top vendors for Nvidia -based computer clusters for artificial intelligence. In October, Ernst & Young resigned as the company's auditor, and Super Micro named BDO to the position last month. On Monday, Super Micro said it had completed an internal probe overseen by a board member that had found no evidence of misconduct. Super Micro was previously delisted from the exchange in 2018.

Persons: Ernst & Young, Hindenburg, David Weigand Organizations: Nasdaq, U.S . Securities, Exchange, Nvidia, Micro, BDO, Hindenburg Research, Super Micro

☆ Gout Gout: 16-year-old sensation runs fourth-fastest under-18 100m of all time
▼ + stars: | 2024-12-06 | by ( Jamie Barton | ) edition.cnn.com time to read: +2 min

CNN —Australian teenage sprinting sensation Gout Gout recorded the fourth-fastest under-18 100m time in history on Friday, clocking in at 10.04 seconds at the All-Schools Athletics Championships in Queensland. The run, which came in the heats but was wind-assisted and therefore does not count in official records, was also the fourth-fastest ever by an Australian sprinter of any age. The fastest ever under-18 time was set by US sprinter Erriyon Knighton in 2021, a wind-assisted 9.99 seconds. Later on Friday, once the tailwind had dropped, Gout ran a legal 10.17 in the final – the sixth-fastest legal under-18 time – to beat his personal best of 10.29 and the previous Australian under-18 record of 10.27 held by Sebastian Sultana. Gout Gout has drawn comparisons to a young Usain Bolt.

Persons: Erriyon Knighton, Jelani Watkins, Puripol Boonson, Sebastian Sultana, “ I’ve, ”, Usain Bolt, Cameron Spencer, Bolt, “, I’m, Noah Lyles, Lance Brauman, I’ll Organizations: CNN, Schools, Adidas, Tokyo Locations: Australian, Queensland, Australia

☆ Bearish on Korean won due to fundamentals, not politics: BofA Securities
▼ + stars: | 2024-12-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBearish on Korean won due to fundamentals, not politics: BofA SecuritiesAdarsh Sinha, Co-head of Asia Rates & FX Strategy at BofA Securities, explains why he is bearish on the Korean won and expects USD/KRW to hit 1450 by the first quarter of 2025.

Persons: Securities Adarsh Organizations: Korean, Securities, Securities Adarsh Sinha, BofA Securities Locations: Asia

☆ CNBC Daily Open: U.S. exceptionalism seems difficult to dismiss for now
▼ + stars: | 2024-12-06 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. U.S. markets take a breatherThe S&P 500 slipped 0.19%, the Dow Jones Industrial Average lost 0.55% and the Nasdaq Composite retreated 0.18% as traders await today's jobs report. What to expect from U.S. jobs reportThe U.S. nonfarm payrolls report for November is coming out later today. Gold has long held a place in investors' portfolios as an asset that hedged against market swings and geopolitical instability.

Persons: nonfarm, –, Dow Jones, Bitcoin, bitcoin, Donald Trump's, Paul Atkins, Jerome Powell's Organizations: CNBC, Dow Jones Industrial, Nasdaq, CAC, U.S, OPEC, Securities and Exchange Commission Locations: U.S, OPEC

☆ Five memorable moments from an Formula One season unlike any other
▼ + stars: | 2024-12-06 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +10 min

CNN —Heading into the 2024 Formula One season, many fans feared it would be more of the same. With the final race of the season taking place this Sunday in Abu Dhabi, here’s a look back at five moments to remember from a breathtaking F1 season. Joe Klamar/AFP/Getty ImagesThe Austrian Grand Prix turned out to be a flashpoint in the championship battle. The Australian took his first career Grand Prix victory in Hungary earlier this year, though it was not without controversy. The grid says goodbye to Danny RicDaniel Ricciardo climbs into the cockpit of his VCARB 01 for the final time at the Singapore Grand Prix.

Persons: Max Verstappen, Red Bull, Verstappen, …, Miguel Schincariol, Lando Norris, Lewis Hamilton, Sergio Pérez, hasn’t, Norris, “ It’s, ”, couldn’t, Kelly Piquet –, Nelson Piquet –, Austria Verstappen, Joe Klamar, Mercedes ’ George Russell, Norris ’, Oscar Piastri, Ferrari’s Carlos Sainz, ” Norris, ” Verstappen, It’s, ” Hamilton, Silverstone, Mark Thompson, Hamilton, Mercedes, McLaren, “ There’s, Ferenc Isza, Piastri, Will Joseph, Danny Ric Daniel Ricciardo, Rudy Carezzevoli, Daniel Ricciardo, Liam Lawson, Ricciardo, Lawson, “, don’t, you’re Organizations: CNN, Verstappen, Constructors, Prix, São Paulo, Getty, McLaren, Brit, Sky Sports, Hamilton, Silverstone, Ferrari, Silver Arrows, Team, Australian, Singapore, Red Bull, RB, CNN Sport, Formula Locations: Abu Dhabi, Brazil, AFP, Spain, Las Vegas, Sin City, Austria, Austrian, Hamilton, British, Hungary, Hungarian, Singapore, fermé

☆ USD/JPY to hit 160 by mid/late 2025: BofA Securities
▼ + stars: | 2024-12-06 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUSD/JPY to hit 160 by mid/late 2025: BofA SecuritiesAdarsh Sinha, Co-head of Asia Rates & FX Strategy of BofA Securities, shares his bearish take on the Japanese Yen.

Persons: BofA Securities Adarsh Organizations: BofA Securities, BofA Securities Adarsh Sinha Locations: Asia

☆ This BlackRock fund manager's top bond plays can yield around 7%
▼ + stars: | 2024-12-06 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Along with David Delbos, Garfin manages the $26 billion BlackRock High Yield Fund (BHYIX) , which has earned four stars and a gold rating from Morningstar. The iShares High Yield Active ETF (BRHY) has a 30-day U.S. Securities and Exchange Commission yield of 6.54% and a 0.45% expense ratio. BRHY mountain 2024-06-17 iShares High Yield Active ETF's performance since its June 17, 2024 launch. The fund invests across the high-yield market, which is considered riskier than investment-grade corporates. Within CCC-rated bonds, Garfin sticks with the higher-quality part of the segment and stays away from those that are stressed or distressed.

Persons: Mitchell Garfin, David Delbos, Garfin, BRHYX, Bonds, Fitch Organizations: BlackRock, Yield, Morningstar, Garfin, . Securities, Exchange Commission, Poor's, CCC, Software, Hub, Alliant Holdings, Cloud Software Group Locations: BHYIX

☆ Korean corporations struggling to value-up, says strategist
▼ + stars: | 2024-12-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKorean corporations struggling to value-up, says strategistDaniel Yoo, Head of Global Asset Allocation from Yuanta Securities, explains why South Korea's value-up program may not have the impact that authorities were hoping for. Additional factors weighing on outlook are the domestic political turmoil from President Yoon's martial law declaration, and Donald Trump's looming presidency.

Persons: Daniel Yoo ,, Yoon's, Donald Trump's Organizations: Global, Yuanta Securities

☆ Gold heads for second weekly fall; focus on U.S. payrolls data
▼ + stars: | 2024-12-06 | by ( ) www.cnbc.com time to read: +2 min

Gold U.S. dollar bullion coins are seen in this photo illustration taken in Moscow, Russia, August 4, 2017. Gold prices edged higher on Friday but headed for a second straight week of decline, while market participants braced for the U.S. payrolls data that is expected to provide cues on the interest rate cut trajectory. Spot gold rose 0.3% to $2,638.66 per ounce by 0346 GMT after hitting its lowest since Nov. 26 earlier in the session. U.S. gold futures rose 0.5% to $2,661.00. Both metals are set for second straight weekly losses.

Persons: Jigar Trivedi, Jerome Powell Organizations: U.S, Reliance Securities Locations: Moscow, Russia, U.S

The price of bitcoin soared past the long-awaited $100,000 benchmark for the first time ever late Wednesday evening. The appointment could fulfill Trump’s most important campaign promise to the crypto industry: to replace Gary Gensler, who has become something of a villain in crypto for the agency’s regulation-by-enforcement approach to the industry under his leadership. In recent years, however, the industry has demonstrated the value of bitcoin to much of the institutional investing world. Bitcoin had been widely expected to reach the landmark $100,000 level since the U.S. presidential election. However, excited investors sent bitcoin closer to this mark much sooner than initially anticipated; it rose as high as $99,849.99 on Nov. 22.

Persons: cryptocurrency, Donald Trump, Paul Atkins, Gary Gensler, Trump, bitcoiners, “, ”, bitcoin, Satoshi Nakamoto, bitcoin’s, Rick Wurster, Charles Schwab, Jerome Powell, Mike Novogratz, Bitcoin, ” Novogratz, it’ll, ” Bitcoin Organizations: Metrics, Securities and Exchange Commission, BlackRock, Fidelity, Galaxy Digital, CNBC Locations: U.S

Search resuls for: "Australian Securities

25 mentions found