
Trump Media stock sinks, Bitcoin stalls, Dollar Tree loses out to Walmart and Target: Markets news roundup
Plus, the Fed’s interest rate cut will be good for stocks — but this strategist is still worried
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Trump Media & Technology Group stock has been on a downward trend for weeks, hitting new low after new low for much of August. As the markets opened after Labor Day weekend, Trump Media sunk even further.
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Bitcoin is currently facing resistance around the $60,000 mark, and despite earlier predictions by some crypto experts, it appears increasingly unlikely that the top cryptocurrency will reach $100,000 by the end of 2024.
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Kristina Hooper, Chief Global Market Strategist at Invesco (IVZ), spoke with Quartz for the latest installment of our “Smart Investing” video series.
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Watch the interview above and check out the transcript below. The transcript of this conversation has been lightly edited for length and clarity.
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Shares of Super Micro Computer SMCI+2.93% recovered nearly 3% on Tuesday morning after the company reassured customers and partners in the wake of a critical report by Hindenburg Research. The company stated that the report was misleading and contained false or inaccurate information, and it will address the report in due course.
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The housing market is finally showing early signs of easing for people looking to buy a home. But for first-time buyers, prospects have been bleak so far this year.
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Bitcoin plunged deep into the red Wednesday morning, dropping nearly 4% to $56,000, as a massive sell-off in the stock market followed disappointing U.S. macroeconomic data. The ripple effect was felt across the crypto market, with Ether, the second-largest cryptocurrency by market capitalization, losing nearly 3% and hovering around $2,300.
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Kristina Hooper, Chief Global Market Strategist at Invesco (IVZ), spoke with Quartz for the latest installment of our “Smart Investing” video series.
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Watch the interview above and check out the transcript below. The transcript of this conversation has been lightly edited for length and clarity.
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Kristina Hooper, a strategist at Invesco, breaks down Nvidia’s earnings and predicts how Friday’s jobs numbers could affect the Fed rate cut decision this month
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The Federal Reserve is expected to cut rates in September. Kristina Hooper, a strategist at Invesco, breaks down what the market’s reaction will be
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