Bitcoin Price Today: Rises to $106k as US senate advance stable coin bill
#Bitcoin gained on Tuesday as the U.S. Senate advanced a key stablecoin regulation bill, signaling increased institutional support for the cryptocurrency sector, while investors awaited a crucial vote on President Donald Trump’s proposed tax cuts. The world’s largest cryptocurrency rose 0.8% to $106,180.90 as of 02:04 ET (06:04 GMT), remaining near a four-month high reached on Sunday. Bitcoin jumped over $107,000 on Sunday with gains of around $2,500 in under an hour in late Sunday trading, lik
Goldman's Kostin says Big Tech now cheapest relative to rest of S&P 500 in 6 year
Big Tech stocks are now trading at their cheapest levels relative to the rest of the S&P 500 in six years, according to Goldman Sachs’ top strategist David Kostin. The valuation premium of the “Magnificent 7” compared to the other 493 stocks in the index has dropped to the lowest point since 2018, despite continued earnings outperformance. According to Kostin, the group now trades at a forward price-to-earnings multiple of 28, versus 20 for the rest of the S&P 500—a 43% premium that ranks in the
Japan PM says country fiscal state is "worse than Greece's" reject tax cuts
Japanese Prime Minister Shigeru Ishiba has rejected rolling out tax cuts funded by additional debt issuance, as he argued that the Asian nation’s financial situation is worse than Greece’s. Speaking in parliament on Monday, Ishiba warned that Japan is "seeing interest rates turn positive and its fiscal state is not good", an apparent reference to recent moves by the country’s central bank to end a decades-long stimulus policy last year. The Bank of Japan has since lifted short-term interest rate
5 Powerful Habits of Consistently Profitable Traders
1. Trade the Price Action, Not Your Opinions One of the greatest strengths of consistently profitable traders is the ability to trade what they see—not what they think. In the market, opinions are worthless. Price action, on the other hand, tells the real-time story of buyers and sellers. It reflects collective decisions and the raw sentiment of traders across the globe. Those who master price action have a significant edge. They understand that every tick, every candle, and every pattern repres
Michael Burry’s Scion Asset Management has placed bearish bets on Nvidia and a range of Chinese technology stocks, according to a quarterly filing released Thursday by the Securities and Exchange Commission.
Burry, best known for predicting the 2008 housing market crash and portrayed in “The Big Short,” initiated put options against shares of Nvidia Corp . (NASDAQ:NVDA), signaling a negative outlook on the chipmaker.
Nvidia has been one of the most prominent beneficiaries of the artificial intelligence boom, but Burry’s position suggests he sees downside in the stock.
Scion also disclosed bearish puts against several Chinese firms that Burry had previously held as long positions, including Alibaba (NYSE:BABA) Group, Baidu Inc (NASDAQ:BIDU)., and JD.com.
According to the filing, the only remaining long position in Scion’s portfolio is a stake in Estée Lauder, the cosmetics company.
The portfolio changes were revealed in a Form 13F, which the SEC requires from institutional investment managers overseeing more than $100 million in qualifying securities.
These filings offer a quarterly snapshot of fund positions but do not provide insight into current trades or the size of options exposure.
Walmart Earning Top Estimate as CFO Flag Upcoming Tariff Driven Price Hikes
Walmart (NYSE:WMT) has posted better-than-anticipated first-quarter earnings, in a possible sign that tariff tensions drove cost-conscious shoppers to hunt for deals.
Earnings per share for the period came in at $0.61, compared with Bloomberg consensus estimates of $0.58.
Shares in Walmart rose by more than 2% in premarket U.S. trading on Thursday.
A big-box giant known for its low prices and massive selections, Walmart has become something of a bellwether for household sentiment. Recent surv
Still Timing The Market? You May Have Just Missed Out on These Hefty 30%+ Gains
A recent research piece published by JPMorgan shows that the best 10 days of the S&P 500 over the last 20 years accounted for nearly half of the market’s returns. Let that sink in.
And here’s the kicker: yesterday might have just been one of those days.
The S&P 500 surged 3.26%—one of this year’s biggest rallies, right behind April 9th’s crazy 9.56% surge.
Now, picture this: even if you’d bought the S&P 500 at this year’s market bottom near 4,850, you would only have gained 2.36% without tho
LONDON (Reuters) -Global asset managers held their biggest underweight position in the dollar in 19 years in May, as President Donald Trump’s chaotic trade policy cut investor appetite for U.S. assets, Bank of America’s global fund manager survey (FMS) showed on Tuesday.
The United States and China have agreed to a 90-day trade truce, after weekend talks in Geneva to break the deadlock between the world’s two largest economies. Reciprocal tariffs have been slashed temporarily and, with them, the immediate threat to the global economy.
"Pre-Geneva, investor sentiment glum, especially on U.S. assets. May FMS (was) not as bearish as April FMS, but bearish enough to suggest pain trade modestly higher given positive US-China trade war ceasefire prevents recession/credit event," BofA said.
Fund managers cut their cash levels to 4.5% from 4.8%, often a sign of confidence, but held the largest underweight position in the U.S. dollar since May 2006, the bank said.

Bank of America said 75% of the survey was conducted before the Geneva negotiations. The poll asks 208 panellists with $522 billion in assets under management.
A quarter of respondents expect a hard landing for the economy, but this was down from nearly 50% in April’s survey, while a soft landing - one where the economy gently slows without a recession - is now the central scenario, according to 61% of those polled.