Wall Street’s most persistent bull, Tom Lee, is doubling down on a vision of the future that would make even the most seasoned optimist blink. The Fundstrat Global Advisors co-founder, known for his uncanny accuracy during post-pandemic recovery, believes S&P 500 is on a collision course with the 15,000 mark by the end of this
The leadership change process at the Fed has stalled amid geopolitical tensions and internal political disagreements. According to sources, the process of appointing former Fed official Kevin Warsh to replace current Chairman Jerome Powell is “at an impasse.” One of the biggest obstacles in the process is the stance of Republican Senator Thom Tillis. It
Morgan Stanley plans to price its proposed spot bitcoin exchange-traded fund (ETF) at 14 basis points, a level just below current low-cost options for similar products, according to an amended filing with the U.S. Securities and Exchange Commission (SEC). The move could set off a new round of fee competition among existing funds. The latest
In brief Ark Invest parted with nearly $41 million in META and $26 million in NVDA shares on Thursday. Cathie Wood’s firm also dumped around $11 million worth of shares in its Bitcoin ETF. The sales come amid a sustained market downturn as uncertainty in Iran shakes stocks and crypto. Ark Invest, the investment firm
Major crypto-related stocks fell sharply Friday, with some hitting their lowest prices in at least a month as markets reacted to continued uncertainty around the Iran war, and Bitcoin fell to its lowest price since March 2. Bitcoin was recently trading at $65,804, down more than 4% on the day. It fell as low as
Crypto usage in Latin America shifted from a financial survival tool to a reliable infrastructure. Stablecoin usage rose by 60% year-on-year, showing the region built a lifeline of liquidity. Crypto usage in Latin America accelerated in 2025, rising by 60%. According to estimates by Bitfinex, the region recorded more than $730B in crypto transactions, most
Michael Saylor quoted a CNBC TV anchor who repeated his marketing spiel about STRC on live television. On Thursday’s edition of CNBC’s Power Lunch, Saylor was asked by host Brian Sullivan, “Am I offending you if I call it a money market fund?” Sullivan was referencing Strategy’s publicly-traded STRC, a 11.5% dividend-paying preferred share that
Citigroup, a key player in global finance, is weighing a potential acquisition of a US regional bank or brokerage to boost deposits, expand branches, and strengthen lending operations, Bloomberg reported Friday, citing sources with knowledge of the matter. Discussions have included banks with around $500 billion in assets and brokerages like Stifel and Raymond James,
A new development has occurred in diplomatic talks between the US and Iran. It is reported that Iran’s response to the 15-point peace framework presented by the Donald Trump administration is expected today. Sources close to the matter said that Iran’s counter-offer would be conveyed through intermediary countries, but that no official response had been
Crypto stocks are getting hit hard Friday as weakness in U.S. equities rippled through high-risk assets, driving bitcoin below $66,000. Crypto exchange Coinbase (COIN) and digital asset conglomerate Galaxy (GLXY) dropped nearly 7%, while exchange Gemini (GEMI) slid almost 9%, marking one of the steepest losses in the group. Crypto-friendly broker Robinhood (HOOD) also fell