Author: Journalist

US stocks have led the equity market in recent years and strategists at BlackRock’s Investment Institute don’t see that narrative changing in 2025. “Currently, across all the scenarios in the outlook, the platform is gravitating towards the US corporate strength scenario, which is another way of calling for US exceptionalism,” BlackRock Investment Institute chief investment strategist Wei Li said during a media roundtable on Wednesday. Li cited stronger earnings growth seen in the US this year and the expectation that earnings growth will continue to broaden outside of the “Magnificent Seven” names that have powered the stock market higher over…

Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. The list of those on Wall Street calling for a big 24 months in crypto is growing. “We assume in our analysis [that] the price of bitcoin will reach $225,000 by the end of 2026,” Benchmark Company analyst Mark Palmer told Yahoo Finance executive editor Brian Sozzi during the Opening Bid podcast (see video above or listen below). Palmer is particularly bullish on Michael Saylor-led MicroStrategy (MSTR) and Mike Novogratz-led Galaxy Digital (GLXY.TO) as players in his bitcoin prediction. Palmer has been covering…

Crypto stocks enjoyed a short-lived rally before reversing direction Thursday on the heels of a push from bitcoin (BTC-USD) to a record high above $100,000. That record was fueled by news from President-elect Donald Trump that he would nominate crypto-friendly Paul Atkins to lead the US Securities and Exchange Commission (SEC). Bitcoin traded as high as $103,500 early Thursday, but fell back below the $100,000 level later in the day. Coinbase (COIN) stock jumped as much as 5% Thursday morning, but ended the trading day down over 3%. Despite the loss, shares are up over 80% for the year. MicroStrategy…

Bitcoin (BTC-USD) eclipsed $100,000 per coin for the first time ever on Wednesday night, sparking a rally across the cryptocurrency. The latest move higher in bitcoin came after President-elect Donald Trump picked Paul Atkins to chair the Securities and Exchange Commission. Atkins has been seen as a crypto-friendly pick for the position. Bitcoin, the world’s largest cryptocurrency, is now up more than 40% since the election. But an even more aggressive rally has been taking place in other crypto tokens. Ethereum (ETH-USD) is up almost 60% while smaller tokens like Ripple (XRP-USD), Cardano (ADA-USD), and Dogecoin (DOGE-USD) have rallied triple…

A tech rally boosted US stocks on Wednesday, with all three major indexes hitting new record closes, as investors digested Federal Reserve Chair Jerome Powell’s comments that US economy is in “remarkably good shape.” The Dow Jones Industrial Average (^DJI) climbed about 0.7%, or over 300 points, to close above 45,000 for the first time ever. Meanwhile the S&P 500 (^GSPC) added roughly 0.6% for a fresh closing high of 6,086.49. The tech-heavy Nasdaq Composite (^IXIC) added 1.3%, clinching a record of its own at 19,735.12. Cloud and e-commerce giant Amazon (AMZN) hit intraday all-time highs on Wednesday, as did…

Whether you’re starting at the bottom or have already worked your way to the top, there’s always room to grow in your career and respective field. Yahoo Finance interviewed a wide array of chief executives, federal regulators, and Wall Street experts and economists at its 2024 Invest conference. Here’s the career advice several of them have to offer, with comments from: – Lux Capital general partner Deena Shakir- Federal Reserve Bank of Minneapolis President Neel Kashkari- Bridgewater Associates Co-CIO Karen Karniol-Tambour- Bank of America (BAC) CEO Brian Moynihan- Former CNN Worldwide chairman and CEO Christopher Licht- Macy’s Inc (M) chairman…

00:00 Josh Lipton Federal Reserve chair Jerome Powell, speaking in Portugal on Tuesday, told a gathering held by the European Central Bank that the US Central Bank may have changed their plans for the fight against inflation if not for the president’s trade deals. Yahoo! Finance’s Jennifer Schonberger has more. 00:18 Jennifer Schonberger Hey there, Josh. Fed chair J. Powell didn’t take a rate cut off the table for the Fed’s next policy meeting later this month. And as you said, said that if it weren’t for tariffs, the Fed would already be cutting rates. 00:31 Jerome Powell and on…

The US economy added more jobs than forecast in November while the unemployment rate ticked higher as the labor market rebounded from a month negatively impacted by severe weather and labor strikes. Data from the Bureau of Labor Statistics released Friday showed 227,000 new jobs were created in November, just above the 220,000 expected by economists. The unemployment rate increased to 4.2%. Hurricanes and a strike by Boeing (BA) workers weighed heavily on the October report, which was revised to show there were 36,000 jobs created last month. The unemployment rate stood at 4.1% in October. Job growth for September…

The US economy is on solid footing right now. Economists at Bank of America expect it to stay that way through next year. In a research note released to reporters on Monday, BofA’s economics team led by Claudio Irigoyen projected the US economy will grow at an annualized rate of 2.4% in 2025, higher than current forecasts for 2% growth, according to the latest Bloomberg consensus estimates. This comes despite uncertainties surrounding the economic policies of President-elect Donald Trump, including campaign promises of tariffs on imported goods, tax cuts for corporations, and curbs on immigration, which economists have viewed as…

US stocks mostly rose on Friday as investors digested the last monthly jobs report of the year, a crucial test of the prospects for interest rate cuts in December and beyond. The Dow Jones Industrial Average (^DJI) lost about 0.3%, while the S&P 500 (^GSPC) rose roughly 0.3%. Meanwhile, the tech-heavy Nasdaq Composite (^IXIC) increased 0.8% as Amazon (AMZN), Apple (AAPL), and Meta (META) gained, tapping all-time intraday highs. The daily results of the major gauges also reflected their weekly performances. The Dow shed 0.6% for the week, while the S&P 500 gained close to 1%. The Nasdaq climbed more…