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Why Walmart Stock Jumped 11% in April
Walmart has been enjoying robust growth driven by a boost in e-commerce. It provided positive updates about its business potential and stance on tariffs at its annual shareholders’ meeting. Walmart stock pays a reliable and growing dividend. Walmart (NYSE: WMT) stock gained 11% in April, according to data provided by S&P Global Market Intelligence. Investors are flocking to what they see as a…
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Watch these Bitcoin price levels as BTC meets ‘decision point’
Key takeaways: Bitcoin failed to break the $98,000 resistance amid increased profit-taking. BTC price needs to close above $95,000 on the daily chart for a push to $100,000. Bitcoin’s (BTC) price failed to break above resistance at $98,000 on May 3. Since April 22, BTC prices have formed daily candle highs between $93,000 and $97,900, but they could not close above $97,440. BTC/USD four-hour…
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Among Billionaire Jim Simons’ RenTech’s Small-Cap Stock Picks with Huge Upside Potential
We recently published a list of Billionaire Jim Simons’ RenTech’s 10 Small-Cap Stock Picks with Huge Upside Potential. In this article, we are going to take a look at where Wynn Resorts, Limited (NASDAQ:WYNN) stands against other billionaire Jim Simons’ RenTech’s small-cap stock picks with huge upside potential. Jim Simons was (and still is even after his death in May 2024) one of the biggest…
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Mattel to wind down its Hot Wheels Virtual Garage NFTs
Toymaking giant Mattel is putting the brakes on its Hot Wheels Virtual Garage non-fungible tokens, pending a decision on the collection’s future. There will be no future releases of any new NFT series or feature drops for the “foreseeable future,” Mattel said in an update on its website. The company said it will decide on the “long-term future” of Mattel digital collectibles. “Your unwavering…
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Saylor signals impending Bitcoin purchase following Q1 earnings call
Strategy co-founder Michael Saylor hinted at an impending Bitcoin (BTC) purchase, marking the fourth consecutive week of purchases by the BTC treasury company. The company’s most recent acquisition occurred on April 28 when Strategy purchased 15,355 BTC, valued at over $1.4 billion at the time, bringing the company’s total holdings to 553,555 BTC. According to data from SaylorTracker, Strategy is…
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Prediction: This Will Be the Top-Performing Semiconductor Stock Over the Next 10 Years (Hint: It's Not Nvidia)
The role artificial intelligence (AI) plays in the semiconductor industry is expected to rise significantly over the next several years. Taiwan Semiconductor Manufacturing is a key partner to chipmakers as they rely on the company’s foundry services. While Taiwan Semi’s growth prospects look bright, the stock is trading at a historically cheap valuation. The launch of ChatGPT on Nov. 30, 2022…
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Bitcoiners blast Arizona governor’s ‘ignorance’ after Bitcoin bill veto
Bitcoiners and United States government officials have criticized Arizona Governor Katie Hobbs’ decision to veto a bill that would have allowed the state to hold Bitcoin as part of its official reserves. “This will age poorly,” Casa co-founder and cypherpunk Jameson Lopp said in a May 3 X post. Bitcoin (BTC) entrepreneur Anthony Pompliano said, “Imagine the ignorance of a politician to believe…
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The stock market comes all the way back — and then some: Chart of the Week
The US stock market is back. President Trump’s April 2 “Liberation Day” reciprocal tariff announcements sent stocks tumbling. The S&P 500 (^GSPC) fell more than 10% over the next three trading days, marking one of the worst crashes since World War II. At its lows, the index was down over 19% from record highs reached in February. But just a month later, the index has made it all back. And then…
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Most shops in Cannes to accept crypto by summer this year — Web3 exec
Merchants in Cannes, France, the site of the international Cannes Film Festival, are set to begin accepting crypto payments by summer this year in an effort to attract clientele with high disposable income by modernizing the city’s commercial payment ecosystem. According to Artem Shaginyan, founder and head of strategy of Web3 payment company Lunu Pay, the Cannes municipal government is aiming…
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Stocks climb back to ‘Liberation Day’ levels after surprise jobs report
The stock market has rebounded to where it was before President Donald Trump unveiled a suite of tariffs on April 2 that prompted a historic selloff. The S&P 500 gained 1.5% on Friday to close the week at 5,687, slightly more than where it had been just before Trump announced his “Liberation Day” tariff plans. The tech-heavy Nasdaq jumped 1.5%, and the Dow Jones rose 1.4%. The gains are the ninth…
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After Zora airdrop goes awry, what’s next for Web3 creator economy?
Onchain social network Zora has built a reputation as a popular tool for artists, musicians and other creatives to monetize their content onchain, but the recent launch of its eponymous ZORA token has left many users confused and dissatisfied. The token’s price tanked shortly after launch, with users and observers complaining about everything from poor communication from the team to the token’s…
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Dave Ramsey Says The Stock Market Is 'Unpredictable As Crud Right Now,' Claiming Trump 'Makes It Up Every Morning' And Fuels The Chaos
Dave Ramsey recently took a call on “The Ramsey Show” from a 26-year-old listener worried about the stock market dipping. Ramsey, known for his no-panic approach to investing, quickly put things in perspective. “There’s nothing to indicate that this is a crash. Nothing,” Ramsey said. “The U.S. economy is not imploding and falling in. Not even close.” He told the caller that the current market…
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Bitcoin mining — Institutions boost investments amid favorable US climate
Opinion by: Fakhul Miah, managing director of GoMining Institutional The Bitcoin (BTC) mining industry has never been more attractive to institutional investors. Fintech giants are investing in Bitcoin mining rather than just accumulating the asset, all thanks to the favorable regulatory environment in the US and the profitability margin of BTC. Then, numerous companies are diversifying by…
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Why Booz Allen Hamilton Stock Was Up Big in April
Booz Allen Hamilton and other government contractors got a lift as expectations around government spending cuts fell. The company is not out of the woods yet, but for long-term focused investors, this could be an opportunity. Defense contractors, and in particular the specialists that run information technology (IT) systems for the federal government, have been under pressure as the effort known…
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Bitcoin bros at 'the club' may stop US gov’t from buying BTC — Arthur Hayes
BitMEX co-founder Arthur Hayes says the United States is unlikely to add more Bitcoin to its reserves beyond what it has already seized due to the country’s high debt levels and the stereotype behind “Bitcoin bros.” “I’m not really into the whole Strategic Reserve situation,” Hayes said in a May 1 interview. Hayes doubts print money plans for Bitcoin “The United States is a deficit country; the…
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Watch These Qualcomm Price Levels as Stock Drops on Soft Outlook
Source: TradingView.com Qualcomm shares tumbled Thursday morning after the mobile chip designer issued a light outlook that overshadowed better-than-expected quarterly results. The stock had recently rallied from the lower trendline of a descending channel, with the relative strength index crossing back above the 50 threshold to signal accelerating price momentum. Investors should watch major…
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Why Grayscale’s Bitcoin Trust still dominates ETF revenue in 2025
In the annals of financial history, few institutions have faced the tempests of competition with the steadfast resolve of Grayscale Bitcoin Trust (GBTC). Born in 2013 as a private placement, GBTC pioneered regulated Bitcoin investment, granting investors access to Bitcoin’s (BTC) meteoric rise without the perils of digital wallets or unregulated exchanges. On Jan. 11, 2024, it transitioned into a…
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