Wall Street Pit

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12/07/2023

Reuters has reported substantial advancements in the dialogues involving the US Securities and Exchange Commission (SEC) and asset managers. These discussions revolve around the potential authorization of Bitcoin exchange-traded funds (ETFs). According to the publication, discussions between the SEC...

11/21/2023

The well known X account "Bitcoin Archive", which focuses on all aspects of BTC including its value, has given a Bitcoin price prediction that aligns with the views of Bitcoin advocate Max Keiser. The account has stated its belief that there is a significant probability of the flagship cryptocurrenc...

11/17/2023

Charlie Munger, the Vice Chairman of Berkshire Hathaway (NYSE: BRK.A, BRK.B), has refuted claims that his colleague, Warren Buffett, was involved in personal stock trading prior to the company making similar investments. In an interview with CNBC's Becky Quick, 99-year-old Munger rejected the notion...

11/13/2023

BlackRock (NYSE:BLK), the globe's premier asset manager with an impressive $8 trillion portfolio, is taking the lead in dialogues with the U.S. Securities and Exchange Commission (SEC). The aim is to achieve a uniform regulatory approach for Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ET...

10/24/2023

During the early hours of Tuesday's trading session, the value of Bitcoin (BTC) took a leap, breaching the $34,000 barrier and marking a peak not seen since May 2022. The most prominent cryptocurrency in terms of market cap (last at $670 billion) was last trading above the mid-$34K level, its…

10/23/2023

One of Wall Street's most notorious bond skeptics has chosen to pocket his profits and step back, anticipating a potential reversal in Treasury yields after their steep climb that sent shockwaves through global markets. Bill Ackman, the brain behind Pershing Square, announced on Monday that he has w...

10/23/2023

The European Space Agency has released a mesmerizing video showcasing the enormity of Mars' Valles Marineris, an immense canyon system stretching across 2,500 miles, akin to Earth's Grand Canyon. The aerial tour presents breathtaking visuals of Noctis Labyrinthus, a 'nighttime maze' within the canyo...

10/06/2023

The Bureau of Labor Statistics reported on Friday that nonfarm payrolls increased 336,000 last month, following significant upward amendments to the data from the preceding two months. The unemployment rate remained steady at 3.8%, while wage growth maintained a moderate rate. The Federal Reserve wi...

10/03/2023

The 30-year Treasury yield experienced a significant leap, crossing the 4.85% threshold and is poised to touch its highest point in 16 years. This surge took place on Tuesday as market participants relentlessly nudged long-term rates closer to the 5% mark, riding on the wave of the prevailing 'highe...

09/29/2023

Meta Platforms Inc. unveiled its latest innovation on Wednesday, the Meta Quest 3 VR headset, marking its bold entry into the mixed-reality mainstream market. Priced at $499, the Meta Quest 3, set for release on October 10, offers immersive experiences for gaming, shopping, socializing, and news con...

09/28/2023

Tesla Inc. (NASDAQ:TSLA) faces a challenging landscape, with indications that it may fall short of its third-quarter delivery and production goals. Yet, the more concerning issue lies in a potential decrease in its 2024 projections, as pointed out by Deutsche Bank analyst Emmanuel Rosner. This is pr...

09/26/2023

The U.S. Federal Trade Commission (FTC) has launched a significant antitrust lawsuit against the e-commerce behemoth, Amazon.com Inc (NASDAQ:AMZN). The anticipated legal action accuses Amazon of using its online marketplace to establish and maintain a monopoly, resulting in diminished quality for co...

09/25/2023

OpenAI's ChatGPT has taken a giant leap forward, now boasting the ability to "see, hear and speak." In simpler terms, it can process images, comprehend spoken words, and even respond using a synthetic voice. This announcement came on Monday, marking a significant milestone in the evolution of artifi...

09/23/2023

Intel (NASDAQ:INTC), a renowned name in the tech industry, is gradually establishing a strong foothold in the artificial intelligence (AI) domain, as suggested by an analyst from Melius Research. The analyst emphasized that investors should closely monitor Intel's forthcoming actions in this rapidly...

09/18/2023

Shares of Nas newbie Arm Holdings Plc (NASDAQ:ARM) experienced a dip on Monday, following a less than enthusiastic assessment from Bernstein. The renowned analyst firm initiated its coverage of the freshly public semiconductor company with an underperform rating, hinting at a potential overestimatio...

09/18/2023

Tesla Inc. (NASDAQ:TSLA) experienced a modest decline of 0.8% in its shares during pre-opening hours on Monday, following reports from The Wall Street Journal that the renowned electric vehicle company is currently in preliminary discussions to establish an assembly plant in the Kingdom of Saudi Ara...

09/16/2023

The cryptocurrency market, infamous for its unpredictable fluctuations, has always been a roller-coaster ride for investors. Bitcoin (BTC), as the pioneering and most influential digital currency, holds a significant position in this terrain. There's a growing body of evidence that suggests Bitcoin....

09/15/2023

Deutsche Bank, the Germany-based banking giant, has inked a global agreement with Ta**us, a Swiss technology firm specializing in digital assets. This partnership aims to introduce cryptocurrency custody services for Deutsche Bank's clients. In line with this collaboration, Deutsche Bank plans to in...

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