Retail investors poured nearly $11 million into MicroStrategy's shares on Monday, almost three times their average daily inflows this year, after the biggest corporate holder of bitcoin secured a spot in the Nasdaq-100 index. The data, compiled by Vanda Research on Tuesday, highlights the bitcoin bull's growing popularity among individual investors after its stock notched an eye-popping return of nearly 550%, outpacing Wall Street favorite Nvidia's roughly 160% surge so far in 2024. Promoted as a financial tool free of government intermediaries, bitcoin often earns its corporate champions a devoted following.
California's Pacific Gas & Electric could receive $15B in federal loans to modernize its power grid
Pacific Gas & Electric Co. could receive up to $15 billion in federal loans to help the utility modernize its power grid and expand clean energy infrastructure across central and northern California, officials announced Tuesday. The U.S. Department of Energy announced a conditional commitment for one of the largest loan guarantees ever under its Energy Infrastructure Reinvestment program. The funds would support a portfolio of projects to expand hydropower generation and battery storage, upgrade transmission capacity, and enable virtual power plants throughout PG&E’s service area, the energy department said.
Is Bitcoin the Digital Gold? ETFs in Focus
The Fed chair labels Bitcoin as digital gold while Ray Dalio suggests investing in Bitcoin to stay away from the evil effect of a looming debt crisis.
Market Breadth Worsens As Tech Giants Break Free From S&P 500 Reality: Is This Bullish Or Bearish For 2025?
The performance gap between the cap-weighted S&P 500 — tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY) — and its equal-weighted sibling, the Invesco S&P 500 Equal Weight ETF (NYSE:RSP), has blown out to over 4 percentage points in December. This marks the widest monthly gap since May 2023, reflecting how a narrow group of stocks is shouldering the market's returns in the last month of the year. As of Dec. 17, only 90 out of 500 stocks in the S&P 500 are in positive territory month-to-date, a sh
The Dow drops 245 points as it heads for its longest losing streak in decades
The Dow Jones Industrial Average fell almost 250 points on Tuesday in what could be its longest losing streak since the 1970s.
Weis Markets acquires Saylor’s Market
The grocer, however, will close an underperforming store
Bitcoin Traders No Longer Chasing Record Price Rally Like Before, Options Data Show
The way options are currently priced indicates a more measured bullish sentiment compared to what we've witnessed recently.