Twelve stocks in the S&P 500 have more than doubled in value so far this year. SanDisk isn’t just doubling. It’s up as much as 558% year-to-date, making it the index’s runaway leader and one of the most dramatic single-stock rallies in recent memory. The company, which trades on the Nasdaq under the ticker SNDK,
China just posted its strongest export month of the year, and the timing couldn’t be more politically charged. April exports jumped 14.1% year-over-year, blowing past economist expectations and snapping back from a disappointing March that had traders questioning the health of the world’s second-largest economy. The rebound, released on May 9, lands roughly a week
While most of Wall Street spends its time worrying about stagflation, Cathie Wood is reading a completely different script. The ARK Invest CEO has been making the case that US inflation is not just falling, but falling dramatically faster than consensus expects, with real-time data suggesting the core inflation rate sits around 1%. The numbers
Bitcoin continues trading above the $80,000 level as traders debate whether the latest pullback represents a healthy bullish retest or the start of a deeper correction. The cryptocurrency has remained relatively stable despite stronger-than-expected US labor market data, which reduced expectations for Federal Reserve rate cuts and briefly pressured risk assets across global markets. Strong
The pioneer cryptocurrency Bitcoin ($BTC) retraced from its weekly high of $82,833 amid the renewed uncertainty in the middle east war. The pullback gained additional momentum as $BTC’s futures logged their 67th straight day of negative funding rates— a move that highlights sellers’ conviction for a prolonged correction in its price. However, the historical data
Amazon just dropped $44.2 billion in a single quarter on capital expenditures. That’s not a typo. The figure represents a 77% increase from the $25 billion the company spent in the same period last year, and it signals that Amazon’s AI spending spree is accelerating, not slowing down. The numbers behind Amazon’s AI bet The
More than $3 trillion in digital assets could eventually become vulnerable to theft within the next four to seven years, according to a new report from Project Eleven. Project Eleven focuses on post-quantum security and migration for digital assets and recently announced a collaboration with the Solana Foundation to prepare its network against the threat
To most people, trading in cryptocurrencies like bitcoin , boils down to a simple question: Will prices go up or down? But there’s another dimension to trading, which is volatility, a measure of how volatile prices could be regardless of direction. It’s already a hugely popular trade in stock markets, and now CME wants to
José Luis Escrivá, one of the European Central Bank’s most vocal voices on modernization, is pushing central banks to take a hard look at whether their financial infrastructure can survive the AI era. His message is straightforward: the systems that underpin European finance were not built for a world where machine learning models can move
MIAMI BEACH, Fla. — Crypto wallets are being rebuilt for AI agents, said executives from Trust Wallet and Mesh on Thursday, with companies racing to give autonomous software a way to hold value, prove identity and transact on-chain. Appearing at CoinDesk Miami, Arjun Mukherjee, chief technology officer at Mesh, said the shift is driven by