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Former president and Republican front-runner Donald Trump likely reaped a hefty dividend this week as the stock price of his social media platform Truth Social skyrocketed.The company’s stock price soared for several days in a row this month, marking the longest streak since June. On Friday, Trump Media was up nearly 5%, compared to earlier days in the week when it was up nearly 19%.Donald Trump Media, which runs Truth Social, has soared about 53% in the past month. It currently trades at about $25 per share.Trump, who has a market capitalization of about $5 billion, stands to make significant…

The rise in CPI raised concerns about interest rate hikes, causing Ethereum to fall by 3%. Market uncertainty has led to ETF outflows as investors seek alternatives. ETH price could rise by 12 percent after hitting major support. Ethereum falls 3% on CPI data release Ethereum fell by 3% following the news of the release of Consumer Price Index data that showed the inflation rate was 2.4%, an increase of 0.1% year-on-year. A slight rise in inflation spooked investors, who were worried about raising interest rates to cool an already bearish crypto market. consumer price index data Ethereum quickly reacted…

NEW YORK (AP) — U.S. stocks hit a record high Friday as big banks rallied after a series of encouraging profit reports.The S&P 500 rose 0.6%, breaking its all-time high set earlier in the week and ending a five-game winning streak, while the Dow Jones Industrial Average rose 409 points, or 1%, to set a new record. The Nasdaq Composite Index’s gains were capped by a decline in Tesla stock, and it fell to 0. It lagged the market with a 3% rise. Wells Fargo rose 5.6% after reporting profit for the latest quarter that beat analysts’ expectations. The company…

According to a report from Bloomberg, blockchain analytics firm Arcam Intelligence plans to launch a cryptocurrency derivatives exchange as early as next month. The exchange will target individual traders and compete with existing platforms such as Binance, Bloomberg reported, citing people familiar with the matter. Arkham is reportedly already in the process of obtaining a license in the Dominican Republic and plans to operate an exchange there. The cryptocurrency derivatives market is experiencing explosive growth, driven primarily by the trading activity of retail investors. Trading volume in cryptocurrency derivatives exceeded $3 trillion in September, up from about $1.5 trillion a…

XRP rises 2.2% in 24 hours even as broader market registers decline Analysts say XRP could rise 500% to all-time highs if major chart patterns are broken I think that As the global cryptocurrency market faces a slow decline, XRP is one of the few cryptocurrencies bucking the trend. XRP, which was trading at $0.5384 at the time of writing, was able to record a 2.2% price increase in the past 24 hours on the back of a 2.7% weekly increase on the chart. While many assets are struggling to regain momentum, XRP appears to be on an upward trajectory.…

It’s been quite a year for the S&P 500. The index has risen 21% since January.Big gains get a lot of attention, but not all stocks perform well. PepsiCo (NASDAQ: PEP) was flat, while Alexandria Real Estate Equities (NYSE: ARE) stock fell 10%. While this may give some investors pause, the decline presents a buying opportunity for long-term investors, especially those looking for dividends.These three companies are doing well, and investors can receive dividends while waiting for stock prices to recover. Let’s dig deeper into why you should consider adding them to your long-term stock holdings.Image source: Getty Images.1. PepsiCoPepisiCo…

Cryptocurrency markets were up heading into the weekend, with altcoins also rising. Cryptocurrency price rise +/- Bitcoin BTC/USD $63,000.44+5.8%Ethereum ETH/USD $2,459.54+4.3%Solana SOL/USD $145.88+6.2%Dogecoin DOGE/USD $0.111+6.2%Shiba Inu SHIB/USD $0.00001775+8.2%Block Data Shows Big Transaction volume decreased by 23.2% and daily active addresses increased by 3.6%. Transactions over $100,000 increased from 7,555 to 8,264 in one day. Exchange net flows decreased by 327.6%. Currently, 87% of Bitcoin holders are profitable, and 13% have reached break-even. According to data from Coinglass, 38,216 traders were liquidated in the past 24 hours, bringing the total liquidation amount to $115.88 million. Cryptocurrency price increase +/-Ethena ENA/USD $0.3366+25.2%Mog…

Important points Advanced Micro Devices may have disappointed investors at Thursday’s Advancing AI event, but analysts said they remained bullish on the company’s growth prospects. AMD stock fell on Thursday after the company unveiled its latest AI chips without raising its outlook or announcing any new partnerships. However, Jefferies analysts said they believe AMD’s new AI chips have “good demand” and could still drive the stock higher. Advanced Micro Devices (AMD) may have disappointed investors at Thursday’s Advancing AI event, but analysts said they remain bullish on the company’s growth prospects. AMD announced a number of new AI products at…

SoFi Technologies (SOFI) has established itself as one of the most exciting fintech companies, offering a wide range of services and products that many traditional banks struggle to match. The stock has fallen about 10% this year, and we believe this decline is largely due to investors’ short-term focus on challenges, particularly the high interest rate environment that is now beginning to change. In this article, I outline five key reasons that support my bullish view on SOFI stock, especially at current levels.Strong revenue growth and diversificationThe first tenet of my SoFi investment theory is its impressive top-line growth. In…

Thursday’s panic has passed and the bulls have regained control. This week has been a volatile week for the cryptocurrency market, with most tokens going almost nowhere. Bitcoin (BTC 4.54%) is up 5.6% in the past 24 hours as of 4pm ET, but only 0.9% in the past seven days. Ethereum (ETH 2.88%) is up 3.9% in the past day, but only 1.2% in the past seven days. And meme coin Dogecoin (DOGE 4.55%) is up 6.3% today, up just 0.7% from last week. The main reason for the fluctuations is the inflation data released on Thursday. Consumer prices rose…