Trump declares plans for the U.S. to excel in cryptocurrency.

Trump declares plans for the U.S. to excel in cryptocurrency.
Trump declares plans for the U.S. to excel in cryptocurrency.

In his upcoming term, President-elect Donald Trump stated that the U.S. will become the world's top cryptocurrency leader.

Trump stated to CNBC's Jim Cramer at the New York Stock Exchange on Thursday that they will do something great with crypto because they do not want China or anyone else to have it, but others are embracing it, and they want to be ahead.

Trump's shift in stance towards the crypto industry is a positive change for digital currency investors, as the current administration has had a contentious relationship with the crypto businesses. One of Trump's campaign promises to the growing industry is the establishment of a national strategic bitcoin reserve or stockpile.

Trump rang the opening bell at the NYSE in recognition of being named Time magazine's "Person of the Year."

Last week, the stock price hovered just above the $100,000 milestone, but it was last little changed on Thursday.

by Tanaya Macheel

Markets

Soaring home insurance costs due to surging climate-related events, says Treasury Department.

Soaring home insurance costs due to surging climate-related events, says Treasury Department.

Markets
The quarter was excellent for Wall Street banks, and the good times are yet to come.

The quarter was excellent for Wall Street banks, and the good times are yet to come.

Markets
Multiple interest rate cuts could be possible in 2025, according to Fed Governor Waller.

Multiple interest rate cuts could be possible in 2025, according to Fed Governor Waller.

Markets
Oil freight rates are affected by U.S. sanctions on Russia.

Oil freight rates are affected by U.S. sanctions on Russia.

Markets
Morgan Stanley exceeds expectations with robust trading revenue in equities and fixed income.

Morgan Stanley exceeds expectations with robust trading revenue in equities and fixed income.

Markets
Slight increase in treasury yields as investors analyze recent economic information.

Slight increase in treasury yields as investors analyze recent economic information.

Markets
Investment banking and interest income exceed expectations at Bank of America.

Investment banking and interest income exceed expectations at Bank of America.

Markets
BP to slash thousands of jobs in a bid to save money.

BP to slash thousands of jobs in a bid to save money.

Markets
The UK economy experiences slower-than-expected growth of 0.1% in November.

The UK economy experiences slower-than-expected growth of 0.1% in November.

Markets
The founder of Hindenburg Research has announced the closure of his short-seller research shop.

The founder of Hindenburg Research has announced the closure of his short-seller research shop.

Markets
Despite CEO Jamie Dimon labeling the stock as expensive, JPMorgan Chase is increasing buybacks.

Despite CEO Jamie Dimon labeling the stock as expensive, JPMorgan Chase is increasing buybacks.

Markets
UK borrowing costs decrease, on track for first daily decline in 2025 due to decreased inflation concerns.

UK borrowing costs decrease, on track for first daily decline in 2025 due to decreased inflation concerns.

Markets
Gundlach of DoubleLine says the Fed resembles Mr. Magoo and is too focused on short-termism.

Gundlach of DoubleLine says the Fed resembles Mr. Magoo and is too focused on short-termism.

Markets
Goldman's Solomon states that there has been a significant change in CEO confidence since Trump's election.

Goldman's Solomon states that there has been a significant change in CEO confidence since Trump's election.

Markets
Saudi minister says that oil is no longer a major concern for energy security, as the focus shifts to critical minerals.

Saudi minister says that oil is no longer a major concern for energy security, as the focus shifts to critical minerals.

Markets
Microsoft's "quantum ready" directive propels quantum computing stocks to new heights.

Microsoft's "quantum ready" directive propels quantum computing stocks to new heights.

Markets
The core inflation rate decreased to 3.2% in December, below the anticipated level.

The core inflation rate decreased to 3.2% in December, below the anticipated level.

Markets
Saudi Arabia pledges to accelerate its mining efforts with a $100 billion investment.

Saudi Arabia pledges to accelerate its mining efforts with a $100 billion investment.

Markets
Citigroup reports a profit in the fourth quarter, exceeding expectations on the strength of its investment banking division.

Citigroup reports a profit in the fourth quarter, exceeding expectations on the strength of its investment banking division.

Markets
After beating earnings and providing strong 2025 guidance, Wells Fargo's shares experience a jump.

After beating earnings and providing strong 2025 guidance, Wells Fargo's shares experience a jump.

Markets

You might also like