The tech-driven Nasdaq 100 may be undergoing a historic shift as it turns 40 this week.According to Strategas Securities' Todd Sohn, cryptocurrency companies could fuel the next wave of gains."Bitcoin is to crypto as the QQQ โฆ is to technology type stocks," the firm's exchange-traded fund and technical strategist told CNBC's "ETF Edge" this...
Author: admin
GDP grew at a 2.3% pace in the fourth quarter, less than expected
U.S. economic growth slowed a bit more than expected in the final three months of 2024, the Commerce Department reported Thursday.Gross domestic product, a measure of all the goods and services produced across the sprawling U.S. economy during the period, showed that the economy accelerated at a 2.3% annualized inflation-adjusted...
Mystery around top-ranked Rockefeller book grows as university publisher denies involvement
A print copy of "The 38 Letters from J.D. Rockefeller to his son: Perspective, Ideology and Wisdom" purchased on Amazon.CNBCThe mystery around a top-selling Amazon book attributed to John D. Rockefeller has grown to include a university publisher, which denies any involvement in the book despite being listed as its...
Starbucks earnings top estimates, but same-store sales decline for fourth straight quarter
Starbucks on Tuesday reported that its same-store sales slid for the fourth consecutive quarter, but the company's quarterly earnings and revenue beat Wall Street's expectations.The coffee giant kicked off a turnaround plan last quarter in the hopes of reviving its U.S. business, which has slumped over the past year."While we have room...
Small investors bought the dip in Nvidia by a record amount Monday
CFOTO | Future Publishing | Getty ImagesRetail investors rushed into Nvidia on Monday, signaling Main Street support for the chipmaker despite the emergence of an artificial intelligence model from China that battered its shares and caused a historic, $600 billion loss in market value.Everyday traders bought more than $562 million...