{ }
Symbol AAPL
Name Apple Inc.
Currency USD
Sector Information Technology
IndustryGroup Technology Hardware & Equipment
Industry Electronic Equipment, Instruments & Components
Market NASDAQ Global Select
Country United States
State CA
City Cupertino
Zipcode 95014
Website http://www.apple.com
Shares dipped slightly on Wednesday morning, with Nvidia rebounding 2.5% in premarket trading after a four-day losing streak. The Dow Jones Industrial Average rose 0.3% ahead of a Federal Reserve interest rate decision, while notable stocks like Amazon and Apple reached new highs. IBM and BlackRock are nearing key buy points, while Tesla faced a decline after recent gains.
Investors are anticipating a quarter-percentage point interest-rate cut from the Federal Reserve, with U.S. stock futures rising after the Dow's nine-session losing streak. Honda and Nissan are in merger talks, while Micron Technology's stock is up ahead of its earnings report, and Nvidia shares are rebounding after a recent decline.
Analysts believe Dogecoin is poised to resume its uptrend after a consolidation phase, with key indicators suggesting a breakout from a descending channel. Trader Olivier Đ X noted a potential price reversal on the 4-hour chart, while The Cryptomist highlighted an ascending triangle pattern on the daily chart. Despite a recent drop in sentiment and social mentions, some analysts maintain bullish long-term targets for DOGE, potentially exceeding its all-time high of $0.73.
The FCA has proposed the Private Intermittent Securities and Capital Exchange System (PISCES), a new platform for trading shares in private companies, aimed at enhancing investment opportunities and funding for growth. This initiative responds to the increasing demand for easier trading in private markets and is part of broader reforms to boost UK capital market competitiveness. The FCA is consulting on risk warnings to ensure informed investment decisions as it collaborates with industry stakeholders to establish a supportive regulatory framework.
Traders often face liquidation during market downturns, manipulated by whales and market makers who profit from the chaos. Despite current altcoin declines, historical patterns suggest a potential altseason is approaching, especially as BTC dominance stabilizes and begins to drop. Patience and strategy are crucial for navigating these cycles.
Just 104 Ethereum mega whales now control 57.35% of the total ETH supply, marking an all-time high, while smaller wallet groups have seen a significant decline in dominance. This centralization raises concerns for Ethereum's Proof-of-Stake network, as controlling 51% could lead to potential takeovers. Currently, Ethereum's price stands at $3,930, reflecting a recent sideways movement.
Wyoming Senator Cynthia Lummis has introduced the BITCOIN Act of 2024, aiming to establish a national Bitcoin reserve to enhance the U.S. dollar's global standing. The initiative seeks to accumulate 1 million Bitcoin over five years, funded by reallocating existing Federal Reserve assets. With Donald Trump’s administration poised to support this legislation, Lummis envisions a transformative impact on the nation's financial strategy.
The meme coin market is thriving, with new contenders like BTFD Coin, Shiba Inu, Osaka Protocol, COQ Inu, and Peanut the Squirrel capturing investor interest. BTFD Coin leads with a booming presale and innovative features, while established players like Shiba Inu continue to evolve with community-driven initiatives. As the landscape shifts, these coins present opportunities for high-risk, high-reward investments.
Ohio Representative Derek Merrin has introduced House Bill 703, the Ohio Bitcoin Reserve Act, allowing the state treasury to invest in Bitcoin to protect public funds from devaluation. The bill grants the State Treasurer discretionary power for investments but does not mandate specific allocations. This initiative aligns with similar proposals in Pennsylvania and Texas, as states explore Bitcoin reserves to bolster financial stability.
President Biden expressed support for a ban on stock trading by members of Congress, emphasizing the ethical concerns of lawmakers profiting from insider knowledge while serving their constituents. He highlighted the need for legislative change, advocating for the ETHICS Act, which aims to prevent such trading and impose penalties for violations. Despite his stance, the bill has yet to be voted on in the Senate.
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