Blackrock iShares Bitcoin Trust ETF (IBIT) signage at the Nasdaq MarketSite in New York on Jan. 11, 2024. Michael Nagle | Bloomberg | Getty Images The rapidly growing iShares Bitcoin Trust (IBIT) has now blown past one of the biggest funds in an old-school category of investing: gold. According to FactSet, the bitcoin exchange-traded fund…
When President-elect Donald Trump returns to the White House in 2025, he will assume a key position within the U.S. economy. On the campaign trail, the former President promised to eliminate regulations that hold back key U.S. industries and extend tax cuts that expire after 2025. He also proposed raising tariffs that affect prices of…
Baona | E+ | Getty Images More from FA Playbook: Here’s a look at other stories impacting the financial advisor business. Starting in 2025, investors age 60 to 63 can make catch-up contributions of up to $11,250 on top of the $23,500 deferral limit. Combined, these workers can defer a total of $34,750 for 2025,…
The postelection rally is charging ahead, with stocks closing at record highs and bitcoin logging eye-popping gains to trade above $88,000 for the first time.
Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images IAC said Monday it’s exploring a spinoff of Angi, an online platform that connects consumers with a marketplace of home improvement service providers in their area, like electricians and landscapers. Angi stock price was down nearly 2% in after-hours trading on Monday. IAC shares…
Still from the film “Wicked” Source: Universal Studios Thousands of Mattel’s “Wicked”-branded fashion dolls are flying off shelves, but not because of consumer demand. The toy company has been forced to pull its line of character dolls after a package misprint. Instead of listing the website for Universal’s “Wicked” movie, boxes featured a link to…
Elon Musk embraces Republican presidential nominee and former President Donald Trump during a campaign rally at the Butler Farm Show fairgrounds in Butler, Pennsylvania, on Oct. 5, 2024. Anna Moneymaker | Getty Images Tesla shares popped 8% on Monday, continuing to ride a postelection rally as President-elect Trump, closely allied with CEO Elon Musk, begins…
A guard escorts an immigrant detainee from his ‘segregation cell’ back into the general population at the Adelanto Detention Facility, managed by GEO Group. Getty Images Private prison stocks rose on Monday after President-elect Donald Trump selected immigration hardliner Tom Homan as his “border czar.” The Geo Group and CoreCivic jumped more than 4% and…
The stock market could enjoy a bigger boost from President-elect Donald Trump than any previous administration thanks to his pro-business policies, according to Jeremy Siegel, finance professor at the Wharton School of the University of Pennsylvania. “President-elect Trump is the most pro-stock market president we have had in our history,” Siegel said on CNBC’s “Squawk Box”…
Budrul Chukrut | SOPA Images | Lightrocket | Getty Images Bitcoin hit another high on Monday, as the rally in cryptocurrencies continued following Donald Trump’s election win. By 6:58 a.m. ET, bitcoin was trading 3.6% higher at $82,216, according to Coin Metrics. It comes after the flagship cryptocurrency touched $80,000 on Sunday for the first…
