Category: News

The S-1 filing by Bitwise Asset Management for a proposed XRP exchange-traded product (ETP) has sparked debate among investors and analysts regarding its potential approval by the U.S. Securities and Exchange Commission (SEC). What Happened: The proposal seeks to create a fund that directly holds (CRYPTO: XRP), providing investors with exposure to the digital asset.…

A savvy trader has reportedly transformed a $1,331 investment into an astounding $9.5 million in just 16 days, achieving a 7,140x return from an early investment in MOODENG (CRYPTO: MOODENG), a meme coin that has rapidly gained traction in the space. What Happened: MOODENG, a Solana (CRYPTO: SOL)-based token, is currently trading around a market…

The quarterly performance of Nvidia Corp (NASDAQ:NVDA), Broadcom Inc (NASDAQ:AVGO), and Micron Technology, Inc (NASDAQ:MU) adequately reflects that the artificial intelligence wave is in no mood to slow down in the near term. Hyperscalers, including Microsoft Corp (NASDAQ:MSFT), Google parent Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), Amazon.Com Inc (NASDAQ:AMZN) and Meta Platforms Inc (NASDAQ:META) remain aggressively invested…

President Donald Trump‘s threat to put a 200% tariff on Deere & Company (NYSE:DE) products has billionaire Mark Cuban riled up. What Happened: On CNBC’s “Squawk Box,” Cuban debated CNBC host Joe Kernen who said there has not been a manufacturing boom since the Inflation Reduction Act was passed, citing the Institute of Supply Management.…

Endorsements or commentary by key business leaders can affect undecided voters’ choices in the 2024 presidential election. Here’s a look at which business leader could have the biggest influence on the 2024 election. What Happened: A new Benzinga reader poll shows that Tesla CEO Elon Musk’s endorsement of Donald Trump in the 2024 election might have had the biggest…

A potential Donald Trump win in the November election would be more bullish for Bitcoin, a new Standard Chartered report predicts. What Happened: In a report released on Thursday, the investment bank predicted that Bitcoin could hit new all-time highs by the end of 2024, regardless of the outcome of the U.S. presidential election in…

Electric vehicle (EV) sales continue to rise globally, but the limited infrastructure may slow further expansion, according to Stephanie Link, chief investment strategist at Hightower Advisors. Speaking at the Benzinga AutoRevolution: The Future of Mobility and EVs event, Link stressed that improving the U.S. power grid is crucial to supporting the ongoing growth in the…

Trade and geopolitical tensions are weighing on the global EV market. On Monday, Reuters reported that Canadian Prime Minister Justin Trudeau announced that Canada would impose a 100% tariff on Chinese electric vehicle imports. In addition, Ottawa will levy a 25% tariff on imported steel and aluminum from China. These moves align Canada with similar…

Advanced Micro Devices, Inc (NASDAQ:AMD) doled discounts to spur demand for its Ryzen desktop processors, leading to lackluster reviews. The Nvidia Corp (NASDAQ:NVDA) rival launched its Ryzen 9 9900X and 9950X in mid-August, offering improved versions of their predecessors with lower power consumption and competitive pricing, Forbes reports. The new 9000-series CPUs with their Zen…

Defiance ETFs has launched MSTX, the first single-stock leveraged ETF for MicroStrategy (NASDAQ:MSTR) in the United States. What Happened: The fund, which began trading on Aug. 15, aims to provide investors with 175% daily targeted exposure to MicroStrategy’s stock performance. MicroStrategy, a business intelligence firm, has gained prominence in recent years for its substantial Bitcoin…