Tag Archives: High

S&P 500 hits fresh record high ahead of jobs day

S&P 500 hits fresh record high ahead of jobs day

Another closely followed index is set to make a new record close. The S&P 500 equal-weight index (^SP500EW) is on track for its first record-high close since January 2022. While the traditional S&P 500 (^GSPC) is market-cap weighted, meaning a few large stocks have an outsized impact on the index’s performance, the equal-weight index values all 500 stocks in the index equally. As Goldman Sachs equity strategy team highlighted in Yahoo Finance’s Charbook back in January, this led to outsized… Source link

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Bitcoin hits new all-time high near $69,000, before tumbling

Bitcoin hits new all-time high near ,000, before tumbling

Bitcoin (BTC-USD) reached an all-time high Tuesday before falling back as some investors locked in their winnings. A new frenzy surrounding the world’s largest cryptocurrency pushed the price to to $68,869, exceeding the previous high of $68,789 established on Nov. 10, 2021. Then it tumbled below the $60,000 level again in a matter of hours. The new high reinforced a remarkable comeback for bitcoin following a 2022 crash that created huge losses for investors and triggered the downfall of… Source link

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Bitcoin’s new high, Stitch Fix, AT&T, SoFi: Trending tickers

Bitcoin’s new high, Stitch Fix, AT&T, SoFi: Trending tickers

The S&P 500 (^GSPC) opened lower on Tuesday thanks to a decline in tech stocks and concerns about when the Federal Reserve will start cutting rates. It’s a different story for bitcoin (BTC-USD), however, with the cryptocurrency notching a new all-time high. Alibaba (BABA) shares are on the move. The Chinese internet giant is one of the companies investing in Chinese AI startup MiniMax, according to a report from Bloomberg. Stitch Fix (SFIX) shares are trading lower after posting a… Source link

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Here’s one way high mortgage rates are benefiting homeowners

Here’s one way high mortgage rates are benefiting homeowners

High interest rates are making tax returns more complicated for many new homeowners — but in a good way. The mortgage interest deduction — a lucrative homeowners’ tax benefit taken on itemized returns — was limited by the Tax Cuts and Jobs Act (TCJA) in 2017, severely curtailing the number of households that can write off the interest they pay on their home loan. But today’s high interest rates are tipping the calculation back in favor of claiming this largely forgotten benefit,… Source link

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Cava has more white space ahead after its stock sailed past all time high: CEO

Cava has more white space ahead after its stock sailed past all time high: CEO

Investors are eating up Cava (CAVA). On Tuesday, shares of the Mediterranean fast casual chain hit a new record of $59.91. Shares are up more than 40% year-to-date, jumping as much as 19% in the last five days after posting a beat on its top and bottom lines for its Q4 results. For comparison, the S&P 500 (^GSPC) is up more than 7% year to date, whereas fast casual powerhouse Chipotle (CMG) is up nearly 20%. For the fourth quarter, Cava’s revenue came in at $177.17 million, versus the $174.09… Source link

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Bitcoin surges to top $60,000, putting it within striking distance of all-time high

Bitcoin surges to top ,000, putting it within striking distance of all-time high

Bitcoin (BTC-USD) surged on Wednesday to break above $60,000, putting it within striking distance of its all-time high as enthusiasm for the world’s largest cryptocurrency reached a frenzy last seen during a 2021 boom. The digital asset climbed as high as $63,900, touching its highest intraday point since November 2021, before dropping back to the $60,000 level amid reports that some users of the cryptocurrency exchange Coinbase (COIN) began showing a $0 balance in their accounts. Coinbase… Source link

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Bitcoin surges to top $59,000, putting it within striking distance of all-time high

Bitcoin surges to top ,000, putting it within striking distance of all-time high

Bitcoin (BTC) surged on Wednesday to break above $59,000, putting it within striking distance of its all-time high as enthusiasm for the world’s largest cryptocurrency reached a level last seen during a 2021 boom. The price of the digital asset is now up more than 15% on the week and 40% so far this year, due largely to excitement sparked by a series of spot bitcoin exchange-traded funds that started trading in January. Bitcoin was up more than 5% at $59,396 at last check, touching its… Source link

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Bitcoin’s surge to $57,000 puts it within striking distance of all-time high

Bitcoin surges to top ,000, putting it within striking distance of all-time high

Bitcoin (BTC) surged above $57,000 Tuesday, putting it within striking distance of its all-time high as enthusiasm for the world’s largest cryptocurrency reached a level last seen during a 2021 boom. The price of the digital asset is now up as much as 10% on the week and 35% so far this year, due largely to excitement sparked by a series of spot bitcoin exchange-traded funds that started trading in January. By topping $57,000, bitcoin touched its highest point since November 2021. The… Source link

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Google says Singapore has ‘very high’ potential to be a global AI hub

Google says Singapore has ‘very high’ potential to be a global AI hub

American multinational technology company Google logo seen at Googleplex, the corporate headquarters complex of Google and its parent company Alphabet Inc. Alex Tai | SOPA Images | LightRocket | Getty Images SINGAPORE — Singapore has “very high” potential as a global AI hub — thanks in part to an environment that fosters innovation, a Google Cloud executive told CNBC. “In order for AI to really deliver on its potential, you need really good public and private partnerships,” Caroline Yap,… Source link

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