Horizon Wealth Management

2024/12/05

GameStop jumps after cryptic post from 'Roaring Kitty' rekindles retail hype

Dec 5 (Reuters) - GameStop's (GME.N), shares jumped on Thursday after a cryptic post from meme stock influencer Keith Gill, who shot to notoriety after his online personas and bullish bets on the video game retailer sparked a trading frenzy among mom-and-pop investors.

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2024/12/05

Experts react to bitcoin's $100,000 milestone

Dec 5 (Reuters) - Bitcoin hit a record high above $100,000 on Thursday as the election of Republican Donald Trump as U.S. president fuels expectations that his administration will usher in a friendly regulatory environment for cryptocurrencies.

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2024/12/05

Morning Bid: Bitcoin's clean break

A look at the day ahead in European and global markets from Tom Westbrook One bitcoin will now set you back six figures. The cryptocurrency's break above the $100,000 milestone has felt inevitable since Donald Trump's election as the next U.S. president on a crypto-friendly platform. While it is just a number, it highlights how cryptos have carved out a place in modern financial markets.

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2024/12/04

Tech rally, Powell comments boost indexes to record closing highs

Powell says Fed can afford to be a little more cautious Salesforce jumps after beating Q3 revenue estimates November ADP private payrolls at 146,000 versus 150,000 estimate Indexes: Dow up 0.7%, S&P 500 up 0.6%, Nasdaq up 1.3%

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2024/12/04

Salesforce shares scale record high on promising AI tools

Dec 4 (Reuters) - Salesforce (CRM.N), shares climbed about 11% to a record high on Wednesday after the customer relationship management software maker topped quarterly sales estimates and provided an upbeat forecast for its newly launched AI-integrated products.

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2024/12/04

Morning Bid: Powell tees up after S.Korea jars, France waits

A look at the day ahead in U.S. and global markets from Mike Dolan A bizarre 24-hour period in which the world's 12th-biggest economy briefly introduced martial law left markets pondering geopolitical risks next year while awaiting a casting vote, or at least a steer, on whether the Federal Reserve eases this month.

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2024/12/03

Morning Bid: Wall St at records as Paris simmers, yuan hits 2024 low

A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street stocks are grinding out new records as U.S. growth continues to outperform, interest rate cut optimism has been rekindled at the margins and investors raise eyebrows at overseas turbulence in French politics and Chinese trade.

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2024/12/02

Gold drops as strong dollar sours four-session rally; Fed in focus

Dollar up 0.7%, set for it best day in nearly 4 weeks Expect choppy, consolidative gold market into year-end - analyst Most brokerages see 25-bps rate cut in December US ADP employment report, non-farm payrolls due this week

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2024/12/02

Tesla leads November's global market value surge

Dec 2 (Reuters) - Tesla's (TSLA.O), market capitalisation increased by the most among top global companies in November, boosted by expectations the automaker will benefit from CEO Elon Musk’s close ties with U.S. President-elect Donald Trump.

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2024/12/01

Morning Bid: Trump's BRICS warning shines light on emerging FX

Dec 2 (Reuters) - A look at the day ahead in Asian markets. The global market spotlight on Monday looks set to zoom in on the dollar, especially its performance against emerging market currencies, after U.S. President-elect Donald Trump's weekend warning against the so-called 'BRICS' nations.

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2024/12/01

Wall St Week Ahead Jobs data set to pave way for rates path, stocks

US nonfarm payrolls report for Nov due on Dec 6 Market bets for Dec Fed meeting lean to 25 bp cut S&P 500 hovers at records, P/E ratio at over 3-yr highs

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2024/11/30

Trudeau visits Florida to meet Trump amid tariff threat

WEST PALM BEACH, Florida, Nov 29 (Reuters) - Canadian Prime Minister Justin Trudeau visited Donald Trump's Florida resort on Friday to meet with the U.S. President-elect, days after Trump threatened to slap tariffs on Canadian imports over border-related concerns.

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2024/11/29

Rupee logs worst month since March as Trump win lifts dollar, outflows persist

MUMBAI, Nov 29 (Reuters) - The Indian rupee ended November with its worst monthly performance in eight, as Donald Trump's victory in the U.S. election boosted the dollar and U.S. bond yields, while foreign portfolio outflows persisted.

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2024/11/28

European stocks perk up as markets slow for Thanksgiving

Tech shares boost European stocks South Korean central bank cuts interest rates Oil ticks up as Israel says ceasefire with Hezbollah breached

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2024/11/27

Stocks, dollar, bond yields fall; economic data, Trump tariffs in focus

Japan's yen strengthens to roughly five-week high vs dollar US PCE data roughly in line with expectations Oil settles near flat with gasoline build, ceasefire in focus

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2024/11/27

US economy holds firm in early Q4; inflation stuck above Fed's target

Consumer spending increases 0.4% in October Core PCE rises 0.3%; up 2.8% on year-on-year basis Weekly jobless claims fall 2,000 to 213,000 Core capital goods orders drop 0.2% in October

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