US Marshals likely selling Silk Road Bitcoin, says lawyer
The lawyer’s claims spark questions about market stability amid the potential sale of Silk Road Bitcoin by the US Marshals.
The lawyer’s claims spark questions about market stability amid the potential sale of Silk Road Bitcoin by the US Marshals.
Today on Yahoo Finance's Good Buy or Goodbye, host Julie Hyman is joined by Great Hill Capital Chairman and Managing Member Tom Hayes to discuss his top stock picks and avoidances in the logistics and utilities sectors. Hayes recommends GXO Logistics (GXO) as a buy, highlighting chairman Brad Jacobs' "Midas touch" and track record of creating shareholder value. He notes the company's transition from a destocking to a restocking cycle, forecasting EBITDA growth to nearly double by 2027. Hayes predicts this will drive multiple expansion and boost the stock price in coming years. On the flip side, Hayes advises investors to avoid the entire utilities sector (XLU). He argues that the sector's recent rally, driven by AI narratives and anticipated Federal Reserve rate cuts, is a classic "buy the rumor, maybe sell the news" situation. Hayes emphasizes that utilities are a defensive sector, stating, "I don't think you want to be overly defensive right now" given current market conditions. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
Bitcoin, the world's biggest and best-known cryptocurrency, rose 5.17% to $59,609 at 2013 GMT on Friday. Bitcoin, the world's biggest and best-known cryptocurrency, is up 54.8% from the year's low of $38,505 on January 23.
Equity markets (^DJI, ^IXIC, ^GSPC) are rebounding, with the technology sector (XLK) at the forefront. CFRA Research Senior Equity Analyst Angelo Zino joins Catalysts to share his outlook on the tech market. Zino notes that while tech has "led the way" in the market recovery, it remains "the worst performing sector" since July's market peak. Semiconductors experienced the most severe sell-off but have since shown the strongest gains and recovery. Looking ahead, Zino predicts "more choppy action" following this surge, expecting market volatility to persist for the next 2-3 months and through the election period. He notes that earnings drive tech stocks and highlights two potential catalysts: Nvidia's (NVDA) upcoming Blackwell launch and the likely Apple (AAPL) iPhone 16 release. "Those are the two product launches that we think could potentially see more upside to consensus estimates," Zino states. However, he cautions investors not to "expect anything too extreme here, at least in the immediate near term" from the tech sector. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
These three top cryptocurrencies are seeing selling pressure build today.
Financial advisors ponder if investors should be loading up on the precious metal.
The major market averages (^DJI, ^IXIC, ^GSPC) opened Friday's trading session below their flatlines as tech stocks lead the market rally in the Nasdaq Composite and S&P 500. Seana Smith, Brad Smith, and Jared Blikre track market movements after the opening bell, as well as market volatility levels (^VIX) and the tech sector's (XLK) recent gains. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
Vitalik Buterin, the co-founder of Ethereum (CRYPTO: ETH), has donated over half a million dollars to a charity that looks after the welfare of animals. What Happened: In an X post on Thursday, Buterin revealed sending 200 Ether, worth $524,320, to Effective Altruism Fund's Animal Welfare Fund. This stash was obtained after selling all the “animal coins” that were sent to his wallets over the past year. Don't Miss: According to Cathie Wood, holding 6 Ethereum (ETH) could make you a millionaire,
Former President Donald Trump owns more than $1 million worth of cryptocurrency and up to $250,000 in gold bars along with the portfolio of golf courses and real estate properties that have made him a billionaire, according to newly released financial disclosures. The details come from documents filed by Trump as part of his Republican presidential bid that were released Thursday night. The more than 200 pages of paperwork give a limited picture of the real estate developer-turned reality TV star-turned-president's money and investments.
The Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) indexes are rebounding from downward pressures that hit tech stocks (XLK) at the beginning of August. Now, Big Tech names, particularly Nvidia (NVDA), are seeing major gains. Why are tech stocks seeing this rebound and is it time to buy back into the sector? Yahoo Finance markets reporter Josh Schafer joins Morning Brief to break down tech's reversal from last week's sell-off and how the sector is leading the market rally on Friday morning. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino