U.S. President Donald Trump has indicated that Meta Platforms (NASDAQ:META) could invest up to $60 billion in the United States by the end of the year. What Happened: While taking press questions at the Oval Office on Thursday, Trump stated that the Mark Zuckerberg-led company is likely to invest $60 billion by the end of […]

Anthony Pompliano, founder and CEO of Professional Capital Management, on Wednesday asserted that humanity is experiencing the safest and most prosperous era in history, citing declining global extreme poverty and robust economic data to support his claim. What Happened: In a Twitter address streamed from his desk, Pompliano urged viewers to focus on tangible progress […]

U.S. stocks settled higher on Friday, with the Dow Jones index gaining more than 200 points during the session. However, the index recorded losses last week. The S&P 500 recorded its worst week since September, falling 3.1% last week. The Dow declined 2.4%, while the Nasdaq Composite tumbled 3.5% during the week. Wall Street analysts […]

Shares of The Gap, Inc. (NYSE:GAP) rose sharply in today’s pre-market trading after the company reported fourth-quarter financial results and beat its adjusted EPS and revenue estimates. Gap reported quarterly earnings of 54 cents per share, which beat the analyst consensus estimate of 37 cents. Quarterly revenue clocked in at $4.1 billion, which beat the […]

Tracy Jin, Chief Operating Officer of cryptocurrency exchange MEXC, on Wednesday attributed President Donald Trump‘s decision to include Cardano (CRYPTO: ADA) and Ripple‘s (CRYPTO: XRP) in the U.S. strategic crypto reserve to his businessman instincts, despite market skepticism and a subsequent Bitcoin (CRYPTO: BTC) price retreat. What Happened: Unveiled on Sunday, the reserve—set to include […]

US Markets­­­­­­­­ S&P 500 Correction ‘Overdue:’ Will The Market’s ‘Sideways’ Movement Turn Into A Tumble? ‘Focus On Balance And Diversification,’ Says Analyst Tom Lee Sees Stocks Potentially Hitting First-Half Lows This Week: ‘Bad News Has Gotten Priced In’ Nasdaq Jumps 300 Points As Nvidia, Tesla Stocks Surge: Investor Sentiment Improves, But Greed Index Remains In […]

MPLX LP (NYSE:MPLX) disclosed that it has entered into a definitive deal with affiliates of WhiteWater and Diamondback Energy, Inc. (NASDAQ:FANG) to acquire the remaining 55% interest in BANGL, LLC for $715 million. Additionally, MPLX may make earnout payments up to a specified cap upon meeting certain financial performance targets. The transaction is immediately accretive […]

Robinhood Markets Inc. (NASDAQ:HOOD) CEO Vlad Tenev expressed relief over the new administration’s approach to financial services and cryptocurrency following the Securities and Exchange Commission’s decision to drop its investigation into the company’s crypto business. What Happened: “It’s nice to not have to play as much defense,” Tenev told CNBC’s Jim Cramer in a Tuesday […]