Gold price explodes to $4,130 after US election shock
Gold is surging sharply above $4,130 an ounce after US election day sent the dollar and US Treasury yields lower. Investors are seeking safe haven amid political uncertainty.
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Wall Street predicts AI crash: $20 trillion could vanish from the S&P 500
Several leading research houses have now modeled what happens if the AI boom turns: the S&P 500 could fall at least 30 percent, tech stocks up to 40 percent, and nearly $20 trillion in market value could disappear.
Uptober turned into Downtober: Bitcoin fell 7.3% in October — what does it mean for November?
Bitcoin closed October down 7.32% to $77,860, the weakest 'Uptober' performance since 2018. ETF outflows, the Binance hack, and macro shocks sent the Fear & Greed Index down to 34/100. Here's what traders are watching heading into November.
Quant Giant Leaves Tudor: Xantium in Record-Breaking $9 Billion Spinout
The systematic trading unit within Paul Tudor Jones' Tudor Investment Corp is set to spin off as an independent company with $9 billion in assets under management — the largest spinout in hedge fund history.
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French Inflation Jumps to 3.4% in October — ECB Caught Between Energy Shock and Budget Crisis
French CPI rose to 3.4% in October, the highest since December 2023, driven by a 24.1% increase in energy prices. The figures put the ECB in an impossible dilemma between stagflation and fiscal turmoil in France, with ripple effects for the euro, the bond market, and global risk sentiment.
Bitcoin tests $80,000 again: $773 million in ETF outflows and basis trade unwinding
Bitcoin is trading around $80,085 and testing the support level for the fourth time in a week. Spot ETFs have drained $773.5 million in two days, CME open interest has fallen 28% in October, and weak rebounds suggest short covering rather than genuine demand.
AI investments spook Wall Street: Nasdaq down 1.3%
Alphabet and Microsoft's quarterly results show record-high investments in AI infrastructure, but weakened cash flow is sending U.S. tech stocks lower ahead of the opening bell.
Strategy's bitcoin purchases hinge on one number: STRC must reach $100
Michael Saylor's company Strategy spent nearly $205 million buying back its own preferred shares last week – and zero dollars on bitcoin. Now the market is waiting to see whether STRC reaches par value of $100, which according to the plan should open the door to powerful new bitcoin buying.
Microsoft and Alphabet report earnings – the AI bill comes under scrutiny
Microsoft and Alphabet report quarterly earnings after market close, and investors want to know whether the massive AI investments are actually paying off. Technically, both stocks stand at key crossroads.
Fed rate meeting in October: This will decide the market's direction this week
The Federal Reserve announces its interest rate decision on Wednesday at 2 PM ET, and the market has already priced in the outcome through the CME FedWatch tool. Here's what investors should watch for — and why it also matters for the crypto market.