Cryptocurrency Price Today (June 6): Trump-Musk Feud Impacts Prices, BTC Dips Below $103k
Bitcoin (BTC), the world’s oldest and most valued crypto, dipped below the $103,000 mark on Friday, largely driven by the ongoing feud between two major crypto pushers, Donald Trump and Elon Musk. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the red across the board as the overall Market Fear &
Read MoreStock market today: Dow, S&P 500, Nasdaq futures rise as Musk-Trump feud rattles Wall Street
Lululemon (LULU)
Shares in the apparel company plunged 21.7% after the company issued weaker-than-expected guidance for the second quarter and claimed profits are at risk in a “dynamic macro-environment”. The brand expects Q2 earnings per share in the range of $2.85 to $2.90,
Read MoreInvestor nightmare: How the Trump-Musk fallout is crushing Tesla stock
President Trump and Elon Musk have seemingly fallen out after a cozy relationship when Musk ran DOGE. Trump gives his take on why Musk is upset.
Tesla CEO Elon Musk’s vocal criticism of the tax cut package the Trump administration and congressional Republicans are advancing has left the company’s investors in limbo as Musk and the president trade verbal barbs over the bill.
» Read more about: Investor nightmare: How the Trump-Musk fallout is crushing Tesla stock »
Read MoreS&P 500 ends week in bull market as investors shrug off economic concerns
Tesla stock rose when markets opened Friday, regaining some ground after the previous day’s losses amid CEO Elon Musk’s public feud with the White House.
» Read more about: S&P 500 ends week in bull market as investors shrug off economic concerns »
Read MoreThe Burst
1 Super Obvious Buffett Stock to Buy Now
Back in 1850 when American Express was originally founded, it was a mere express mail service. Today, it’s one of the most prominent financial services companies globally and has won Warren Buffett’s favor as a long-term investor.
That’s in large part due to its stunning business model that features four major categories: U.S.
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Read MoreThe Ivy
Why Is Warren Piling Into This Monster Insurer?
Imagine a business that has quietly dominated its industry for decades, steadily outperforming its rivals while keeping an impeccable balance sheet.
Add to the fact that it has thrived during economic downturns and periods of rising interest rates when its peers faded.
In recent years, it’s seen its earnings surge, boosted by both disciplined underwriting and a strong investment portfolio.
» Read more about: Why Is Warren Piling Into This Monster Insurer? »
Read MoreThe Spotlight
Spotlight: Dine On Steak After This Brazilian Breakout
Rates are going up everywhere, at least that’s what the financial press would have you believe. On July 26, Federal Reserve Chairman Jerome Powell oversaw a rate hike that placed interest rates at 22 year highs, pegging them at 5.25-5.50%.
The market had largely priced in the rate hike and so the S&P 500 fell just 0.17% on the day.
» Read more about: Spotlight: Dine On Steak After This Brazilian Breakout »