Money

Bitcoin retreats from $100,000 as Dow hits record high

Dow rises 400 points, Russell 2000 hits record after Trump’s Treasury pick Scott Bessent; investors optimistic about economic guidance.

Published

1 year ago

November 26, 2024

ticker NEWS

A broad stock rally led to new record highs for the Dow Jones Industrial Average, S&P 500, and Russell 2000 index on Monday.

Investors reacted positively to President-elect Donald Trump’s nomination of Scott Bessent for Treasury secretary, believing he would foster economic growth without inflation.

The Dow rose 420 points, or 1%. The S&P 500 climbed 0.3%, while the Nasdaq Composite increased by 0.3%. The Russell 2000 surged 2%, exceeding its previous high from 2021. Approximately 80% of S&P 500 stocks saw gains.

Market participants view Bessent, founder of Key Square Group, as supportive of equity markets and potentially moderating Trump’s protectionist policies.

Treasury yield

Following the nomination, Treasury yields and the U.S. dollar index fell, with the 10-year Treasury yield dropping over 14 basis points. This market response indicates a favorable shift, according to Quincy Krosby from LPL Financial.

Krosby stated that the market’s reaction demonstrates strong approval of the nomination.

In contrast, big technology stocks exhibited mixed results. While Amazon and Alphabet saw gains, Nvidia and Netflix experienced declines.

Money

U.S. and China approve TikTok sale to American investors

US and China approve TikTok’s sale to Oracle and Silver Lake amid regulatory scrutiny, with ByteDance retaining 20%.

Published

1 day ago

January 23, 2026

Harvey Vargas

US and China approve TikTok’s sale to Oracle and Silver Lake amid regulatory scrutiny, with ByteDance retaining 20%.

The United States and China have officially approved a deal for TikTok’s US operations to be sold to American investors, led by Oracle and Silver Lake.

This marks a major shift in the social media landscape as the platform navigates increasing regulatory scrutiny.

Under the new agreement, ByteDance will retain just under 20% of TikTok US, while Oracle and Silver Lake will each take 15% stakes. Other investors will also participate, forming a structure designed to satisfy both commercial and regulatory demands.

The new US-based entity will have a majority American board tasked with overseeing data protection and content moderation. Despite these safeguards, concerns remain about ByteDance’s influence and whether the deal fully complies with recent legislation.

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#TikTokSale #USChinaDeal #Oracle #SilverLake #ByteDance #TechNews #SocialMedia #DataProtection

Money

Markets tumble as Trump tariffs, Greenland rhetoric and Europe backlash collide

U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.

Published

3 days ago

January 21, 2026

Harvey Vargas

U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.

U.S. equities took a sharp hit as markets reacted to renewed tariff threats and heightened political rhetoric from President Donald Trump. The Dow plunged more than 800 points, with the S&P 500 and Nasdaq also sliding as investor nerves rattled risk assets.

The sell-off highlights growing concern around global trade tensions and geopolitical uncertainty, with markets struggling to price in what comes next for U.S. economic leadership and policy direction.

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#USMarkets #WallStreet #TrumpTariffs #GlobalMarkets #USDebt #Europe #Davos #Ticker

Money

Gold hits record highs as investors flee risk

Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.

Published

4 days ago

January 20, 2026

Harvey Vargas

Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.

Gold is shining brighter than ever as investors flock to safe-haven assets amid global uncertainty. U.S. gold futures for February delivery jumped 1.71% to $4,674.20 per ounce, while spot gold rose 1.6% to $4,668.14.

The surge comes as geopolitical tensions continue to worry traders, prompting a rush into metals perceived as stable and secure. Analysts say gold is proving its status as the ultimate hedge during turbulent times.

Investors are closely watching markets as gold sets new benchmarks, signalling growing caution across the financial landscape.

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