Stocks had a mostly steady week, with some volatility in the middle amid geopolitical tensions. The benchmark S&P 500 ( SP500 ) saw gains in four out of five sessions and ended the week 1.7% higher, marking a reversal from the retreat last week. Wall Street saw a bit of a tumble earlier in the week after Ukraine struck Russia with U.S. missiles. Investors were also focused on focus on U.S. President-elect Donald Trump's nominations for his upcoming administration, a rally in bitcoin ( BTC-USD ) that brought it closer to the $100K mark and AI giant Nvidia’s ( NVDA ) latest quarterly results. Amid these developments, the trending stocks of the week included: MicroStrategy ( MSTR ) was up around 22% in the week, buoyed by bullish crypto sentiment stemming from Donald Trump’s presidential election win. The shares, which have jumped 85% since the Election Day, were unfazed even after Andrew Left’s Citron Research said in a post on X that it’s betting against the software company. Alphabet ( GOOGL ) was in spotlight, after the U.S. Justice Department proposed major changes to search engine Google, including a forced sale of its Chrome web browser. Speculation had grown recently that the DOJ might push for splitting off the browser. Shares dipped 5% over the week, after a late Wednesday filing confirmed the department was seeking the remedy after Google was found to have operated an illegal monopoly in search and search ads in a landmark antitrust trial. Spirit Airlines ( OTC:SAVEQ ) filed for bankruptcy protection after incurring years of losses. The beleaguered budget air carrier has commenced a voluntary prearranged bankruptcy proceeding with a debt restructuring agreement already signed by a majority of its bondholders. The airline expects to complete the Chapter 11 process in the first quarter of 2025. Nvidia ( NVDA ) reported its fiscal third-quarter results and guidance that topped expectations, highlighting its dominance in the artificial intelligence spending boom. The chipmaker confirmed that Blackwell production is in full swing, with demand expected to exceed supply for several quarters in fiscal 2026. Walmart ( WMT ) shares gained 6% following stronger-than-expected Q3 results and upward revisions to its FY2024 guidance. Super Micro Computer ( SMCI ) shares rebounded 65% this week after the company hired a new auditor and filed a plan to come into compliance with Nasdaq listing requirements. Snowflake ( SNOW ) rose 33% after the cloud data storage and analytics company reported positive Q3 results and outlook. The company also announced an acquisition and a new partnership with AI startup Anthropic. ZIM Integrated Shipping Services ( ZIM ) fell 11% even as the company declared a $3.65 a share special dividend, lifted full-year earnings guidance and reported a healthy third quarter. The container liner shipping company said revenue more than doubled from a year earlier to $2.77B in the quarter, beating the average estimate of $2.41B among Wall Street analysts. The company swung to a profit of $1.13B from a loss of $2.27B a year earlier. Zeta Global Holdings ( ZETA ) rose 21% after the company announced plans for company executives and board members to purchase around $3M of its stock. The marketing tech firm also released what it is calling a "detailed" rebuttal in response to the short report from investment firm Culpert Research earlier this month. Target ( TGT ) slumped 19% after the retailer reported Q3 results and revised its full-year earnings outlook, both falling short of Wall expectations. Tesla ( TSLA ) rose after reports that members of President-elect Donald Trump’s transition team are seeking to ease federal framework for fully self-driving vehicles. More on this week's trending stocks: Google: The DoJ Gave Me An Early Christmas Present Google Cloud Is The Only Major Hyperscaler Gaining Market Share In 2024 Navigating Risks: Why I'm Still Bullish On Google Stock Bulls vs. Bears: Can Nvidia sustain premium valuation? Notable analyst calls this week: Roku, Nvidia and Biogen among top picks
The post Altcoin Season Alert: Missed XRP, ADA, or SOL? These 2021 Favorites Are Ready to Lead appeared first on Coinpedia Fintech News XRP has experienced a huge surge recently, and it’s not alone. ADA and SOL are also seeing gains, with XRP leading the way. Ripple’s community seems to be thriving, and the momentum is still strong. While some may think the top has been reached, the charts suggest otherwise, with both the hourly and daily charts …
A fraudster targeting well-off crypto users revealed his group’s inner workings, including stolen databases and laundering tactics.
Gemini co-founder and CEO Cameron Winklevoss is calling for a probe into the drop of a controversial charge involving FTX co-founder Sam Bankman-Fried (SBF). It has been 8 months since Judge Lewis Kaplan sentenced SBF to 25 years in jail. However, to Tyler, this has not resolved some major aspects of his fraudulent reign as The post Gemini’s Cameron Winklevoss Demands Fresh Probe Into SBF, Here’s Why appeared first on CoinGape .
Michael Saylor, one of the biggest Bitcoin bulls, evaluated the recent events in his statement and shared his BTC prediction. Continue Reading: Michael Saylor Speaks After MicroStrategy Shares Suddenly Plummet, Reveals 2045 Price Prediction for Bitcoin
While Cardano and XRP have reclaimed $1, DOGE is yet to reach it. However, its secret weapon could fuel its rise.
Take a look at the impact of BlockDAG’s KKAK-256 algorithm on security and how its $142.5M presale uplifts holder confidence. Examine Polkadot’s aim for a $6 price & Chainlink’s CRE developments. Read original article on coincu.com
XRP price has remained within an upward trading range in recent weeks, reflecting strong bullish sentiment for the cryptocurrency. The recent price surge aligns with a broader market rally, signaling growing momentum in XRP’s favor. Analysts maintain a positive outlook, with some forecasting a potential breakout that could drive XRP to $20 levels. Why XRP The post Here’s Why XRP Price Will Hit $20 appeared first on CoinGape .
The SEC set a record with $8.2B in 2024 penalties, driven by a $4.5B Terraform judgment, despite filing 26% fewer cases than last year.
The post Bitcoin Price Touches $100K: Will It Skyrocket or Crash? Find Out Now appeared first on Coinpedia Fintech News Bitcoin has finally reached the monumental $100,000 mark. While some exchanges show it just shy at $99,800, others like Coinbase are already celebrating Bitcoin over $100K. Regardless of the exact number, the milestone is here, and it’s generating a massive buzz. This $100,000 price is a huge psychological barrier, and many are now wondering: what’s …