Gold has hit a record high above $3,000 amid economic uncertainty. A breakout above $3,100 could push it toward $3,500, while support lies near $2,800. Inflation and Fed policy will decide the next move.
Grayscale, which already operates an Avalanche Trust with a 2.5% management fee, filed for the new ETF as part of a broader push toward regulated investment vehicles for altcoins.
Shares of e-commerce software platform Shopify (NYSE:SHOP) fell 5.6% in the morning session after the Bureau of Economic Analysis reported that the Fed's preferred inflation gauge (the Personal Consumption Expenditures (PCE) price index) revealed core inflation came in hotter than expected, fueling fear of stagflation (an economic situation of slow growth and rising prices). Core inflation excludes food and energy prices.
Shares of cloud computing and online retail behemoth Amazon (NASDAQ:AMZN)
fell 3.9% in the afternoon session after the Bureau of Economic Analysis reported that the Fed's preferred inflation gauge (the Personal Consumption Expenditures (PCE) price index) revealed core inflation came in hotter than expected, fueling fear of stagflation (an economic situation of slow growth and rising prices). Core inflation excludes food and energy prices.
Shares of exercise equipment company Peloton (NASDAQ:PTON)
fell 6.4% in the afternoon session after the Bureau of Economic Analysis reported that the Fed's preferred inflation gauge (the Personal Consumption Expenditures (PCE) price index) revealed core inflation came in hotter than expected, fueling fear of stagflation (an economic situation of slow growth and rising prices). Core inflation excludes food and energy prices.
Shares of online home goods retailer Wayfair (NYSE:W)
fell 7.3% in the morning session after the Bureau of Economic Analysis reported that the Fed's preferred inflation gauge (the Personal Consumption Expenditures (PCE) price index) revealed core inflation came in hotter than expected, fueling fear of stagflation (an economic situation of slow growth and rising prices). Core inflation excludes food and energy prices.
Shares of financial services company Robinhood (NASDAQ:HOOD)
fell 7.3% in the morning session after the Bureau of Economic Analysis reported that the Fed's preferred inflation gauge (the Personal Consumption Expenditures (PCE) price index) revealed core inflation came in hotter than expected, fueling fear of stagflation (an economic situation of slow growth and rising prices). Core inflation excludes food and energy prices.
Shares of data-mining and analytics company Palantir (NYSE:PLTR)
fell 6% in the morning session after the Bureau of Economic Analysis reported that the Fed's preferred inflation gauge (the Personal Consumption Expenditures (PCE) price index) revealed core inflation came in hotter than expected, fueling fear of stagflation (an economic situation of slow growth and rising prices). Core inflation excludes food and energy prices.
The Federal Reserve's preferred measure of inflation came in hotter than expected on Friday. Experts are weighing in on how the latest data could affect the road ahead.
SQQQ jumped as surging inflation expectations and weak consumer sentiment triggered a Nasdaq selloff. Rising rate fears hurt tech stocks, boosting the inverse ETF, which profits from Nasdaq declines.
Deutsche Bank expects the company’s first-quarter deliveries to be in the range of 340,000 to 350,000, much below the 386,810 deliveries reported in the corresponding quarter of 2024.
