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  • Feb 27, 2025

S&P 500, Nasdaq fall as Nvidia swings to red, economic data disappoints

The benchmark S&P 500 and tech-heavy Nasdaq fell on Thursday, after Nvidia shares swung to losses as investors focused on signs of increased AI spending in the industry, and data suggested a cooling U.S. economy. Nvidia gave up early gains and fell 2.7% - a contrast to outsized gains the stock witnessed after some of its earlier results announcements. Five of the S&P 500's 11 sectors traded lower, led by a 1.2% decline in technology stocks.

  • Feb 27, 2025

RBC Beats Estimates on Strong Capital-Markets, Wealth Results

(Bloomberg) -- Royal Bank of Canada beat estimates on higher results in its capital-markets and wealth-management divisions as both units benefited from strong markets.Most Read from BloombergThe Trump Administration Takes Aim at Transportation ResearchShelters Await Billions in Federal Money for Homelessness ProvidersNYC’s Congestion Pricing Pulls In $48.6 Million in First MonthNew York’s Congestion Pricing Plan Faces Another Legal ShowdownNYC to Shut Migrant Center in Former Hotel as Crisis Ea

  • Feb 27, 2025

From egg prices to housing, US inflation is heating up again

(Bloomberg) -- No matter what metric you’re looking at, US inflation is moving in the wrong direction again.Most Read from BloombergThe Trump Administration Takes Aim at Transportation ResearchShelters Await Billions in Federal Money for Homelessness ProvidersNYC’s Congestion Pricing Pulls In $48.6 Million in First MonthNew York’s Congestion Pricing Plan Faces Another Legal ShowdownNYC to Shut Migrant Center in Former Hotel as Crisis EasesWhether it’s a house or a carton of eggs, price growth is

  • Feb 27, 2025

Billionaire Hedge Fund Manager Paul Tudor Jones Is Doubling Down on Bitcoin. Should You Also?

It's been a tough go of it for Bitcoin (CRYPTO: BTC) recently, which is down 16% for the year. According to the latest quarterly Securities and Exchange Commission (SEC) 13F filings, billionaire hedge fund manager Paul Tudor Jones nearly doubled his stake in the iShares Bitcoin Trust (NASDAQ: IBIT) from 4.4 million shares to 8.1 million shares. As of mid-February, he had 4.5% of his $9 billion portfolio invested in this spot Bitcoin exchange-traded fund (ETF).

  • Feb 27, 2025

CIBC quarterly profit rises on capital markets strength

The Canadian central bank's move to lower interest rates, along with strong economic data, has helped equity markets soar and boosted investors' appetite to strike more deals. CIBC's Capital Markets unit reported a net income of C$619 million for the first quarter, up C$97 million or 19% from the first quarter a year ago. The bank's adjusted net income rose to C$2.18 billion ($1.52 billion), or C$2.20 per share, in the three months ended January 31, from C$1.77 billion, or C$1.81 per share, a year earlier.

  • Feb 26, 2025

Should You Buy Bitcoin While It's Under $90,000?

Bitcoin (CRYPTO: BTC), 16 years after its introduction and with a market cap of more than $1.7 trillion today, is the world's oldest and most valuable cryptocurrency. In other words, fewer and fewer people are questioning Bitcoin's staying power. This leading digital asset has been sliding for about three months, but maybe a rebound is in the works.

  • Feb 26, 2025

Nvidia's optimistic forecast fails to convince Wall Street

(Reuters) -Wall Street took a dim view of Nvidia's quarterly forecast on Thursday with investors pushing the stock down more than 8%, piling pressure on the "Magnificent Seven" stocks that have garnered market skepticism in the last three months. The stock closed lower at $120.15, while other members of the group such as Microsoft and Amazon also ended the session weaker, after Nvidia's earnings failed to inspire the kind of gains that became a hallmark of the AI rally through 2023 and 2024. To be sure, Nvidia's first-quarter revenue forecast was better than market estimates, with CEO Jensen Huang also noting the company was seeing "amazing" demand for its new Blackwell chips.

  • Feb 26, 2025

JPMorgan’s Benhamou Sees US Stocks as Stuck Before Spring Rally

(Bloomberg) -- US stocks will struggle early March amid weaker economic data before they rally once again later in spring, according to JPMorgan Chase & Co.’s Ilan Benhamou.Most Read from BloombergThe Trump Administration Takes Aim at Transportation ResearchShelters Await Billions in Federal Money for Homelessness ProvidersNYC’s Congestion Pricing Pulls In $48.6 Million in First MonthNew York’s Congestion Pricing Plan Faces Another Legal ShowdownNYC to Shut Migrant Center in Former Hotel as Cris

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