The Magnificent Seven stocks were on track to add $821 billion in market cap in Monday’s risk-on rally, according to Dow Jones Market Data.
The group of megacap tech stocks that is made up of Apple, Amazon.com, Tesla, Microsoft, Nvidia, Alphabet, and Meta Platforms was on pace for its second-largest one-day market cap gain;
» Read more about: Stock Market News: Dow Surges 1,100 Points. Nasdaq Up 4.2%. »
Stocks jumped out of the gate Monday on reports of productive trade talks between the U.S. and China. The momentum lasted into the close, too, with all three indexes putting a big dent in their year-to-date deficits.
Over the weekend, high-level trade negotiators from the two countries met in Geneva, Switzerland,
» Read more about: Stock Market Today: Dow Gains 1,160 Points on U.S.-China Trade Deal »
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After closing 2024 and starting this year on a positive note, the crypto market struggled with bears for a couple of months, but things are looking up for altcoins.
» Read more about: Next Cryptocurrency to Explode, 12 March — Mantle, Virtuals Protocol, Celo »
On May 7, 2025, the Office of the Comptroller of the Currency (“OCC”) issued a follow up to its July 2020 Interpretative Letter 1170, which allowed national banks to provide cryptocurrency custody services to their customers.[1] The May 7 letter (Interpretive Letter 1184)[2] further clarified that banks can buy and sell cryptocurrency at the custody customer’s direction and outsource cryptocurrency custody and execution services.
Three teenagers are being accused of kidnapping a wealthy investor and then stealing $4 million in digital assets after driving him to a desert outside of Las Vegas.
Court records show that Belal Ashraf and Austin Fletcher, both 16, are now facing charges of robbery, kidnapping and extortion, while a third yet-named accomplice remains at large,
Stocks roared on Monday as investors’ worst fears over an escalating trade war between the US and China eased.
Truist co-CIO Keith Lerner described Monday’s stock rally as the market reacting to a temporary truce between the two countries that was simply “better than expectations.”
» Read more about: Wall Street's worst fears over Trump's trade war just faded »
Private Motorsports Group LLC is excited to announce a significant milestone in the evolution of Apex Motor Club. RJT Capital, a longtime supporter and investor since Apex’s inception, has completed a transaction to become the club’s sole owner. This new chapter is backed by a major investment of approximately $30 million that will significantly accelerate the development of its world-class facilities and enhance its member experience.
» Read more about: New ownership set to invest $30 million into Apex Motor Club »
May 12, 2025 11:06 PM IST
All indications are that Kyle Dubas, the Pittsburgh Penguins’ president of hockey operations and general manager, s has ownership’s permission to spend to the salary-cap ceiling during the coming season, when it will spike to $95.5 million.
That doesn’t mean he will – or even, should — do so.
» Read more about: Penguins Must Invest Wisely; When Does Johnson Cash Out? »
NEW YORK — Stocks rallied Monday after China and the United States announced a 90-day truce in their trade war.
Each of the world’s two largest economies agreed to take down temporarily most of its tariffs against the other, which economists had warned could start a recession and create shortages on U.S.
