Money

Bitcoin rises above $96,000, eyes $100,000 milestone

Bitcoin rebounds above $96,000; eyes $100,000, bolstered by investor optimism despite broader market decline. Ether also rises.

Published

1 year ago

November 28, 2024

ticker NEWS

Bitcoin has rebounded above $96,000, recovering from recent declines.

The cryptocurrency rose 5% to $95,886.00, while ether increased over 8% to $3,591.33.

The CoinDesk 20 index for the broader crypto market also saw a 5% gain.

Typically, bitcoin trades alongside the stock market, but on Wednesday it diverged from the Nasdaq Composite, which fell 1%. The Dow Jones and S&P 500 similarly experienced drops.

Crypto benefits

Leading cryptocurrency stocks benefited from bitcoin’s rise. Coinbase was up over 5%, Robinhood gained 4%, and MicroStrategy advanced 10%.

Bitcoin has consistently set new records since the November 5 presidential election, increasing about 38% since then. It reached nearly $100,000 before testing the $90,000 support.

Alex Thorn from Galaxy Digital indicated that the bitcoin bull market remains strong, acknowledging potential corrections.

He signaled the role of institutional and corporate adoption, along with favorable conditions under the upcoming administration.

Katie Stockton from Fairlead Strategies noted that bitcoin investors are in unprecedented territory, with no clear resistance levels above. Current support is about $74,000, following bitcoin’s record of $92,000 on November 13.

Money

Big banks, inflation, and earnings: What to watch this week

Major banks and corporations report earnings this week, influencing market outlook and economic indicators ahead of 2026.

Published

7 hours ago

January 12, 2026

Harvey Vargas

Major banks and corporations report earnings this week, influencing market outlook and economic indicators ahead of 2026.

This week is packed with financial news as major banks and corporations release their earnings. JPMorgan, Wells Fargo, and Goldman Sachs will reveal their year-end results, offering insight into the health of the banking sector. CEO Jamie Dimon of JPMorgan has already highlighted uncertainty in the U.S. economy, making investors watch closely.

In addition to banking, Delta Air Lines and Taiwan Semiconductor will report, shedding light on consumer spending and tech industry trends. These corporate updates will help investors gauge the broader market performance heading into 2026.

All eyes are also on December’s inflation figures, alongside retail sales and new home sales data. These reports will be key indicators for the U.S. economy, impacting stocks, interest rates, and market sentiment.

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Money

Boeing hits seven-year high in plane deliveries as demand soars

Boeing’s aircraft deliveries hit a seven-year high, bolstered by demand and new orders, including Alaska Airlines’ purchase of 105 jets.

Published

7 hours ago

January 12, 2026

Harvey Vargas

Boeing’s aircraft deliveries hit a seven-year high, bolstered by demand and new orders, including Alaska Airlines’ purchase of 105 jets.

Boeing has reached its highest level of airplane deliveries in seven years, marking a strong recovery after a challenging period for the aerospace giant. The company is ramping up production of its 737 Max and 787 Dreamliners to meet growing demand from airlines worldwide.

Investors are optimistic as Boeing shares have climbed significantly over the past year, reflecting renewed confidence in the company’s long-term prospects. Airlines are responding with new orders, and Boeing has already secured 1,000 gross orders through November.

Alaska Airlines recently placed an order for 105 Boeing 737 Max 10 jets, further signalling industry faith in the manufacturer. Robust travel demand continues to drive growth for Boeing and its competitor, Airbus, highlighting a rebound in global air travel.

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Money

Wall Street hits record highs as markets shrug off Venezuela tensions

US markets hit record highs as investors shrug off geopolitical tensions, with the S&P 500 up 0.7% and Dow 1%.

Published

5 days ago

January 7, 2026

Harvey Vargas

US markets hit record highs as investors shrug off geopolitical tensions, with the S&P 500 up 0.7% and Dow 1%.

US markets surged to fresh records as investors looked past recent geopolitical tensions following the US attack on Venezuela. Confidence returned quickly, driving broad gains across major indices.

The S&P 500 climbed 0.7% to reach a new all-time intraday high, while the Dow Jones Industrial Average jumped 495 points, or 1%, also setting a record during Tuesday’s session.

The rally signals continued optimism around economic resilience, despite global uncertainty and ongoing international conflicts.

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