Fintic Blog
Market news, updates, announcements and more!
Moderna surprises by predicting a bigger-than-expected sales drop
Moderna projects a significant revenue decline for 2025, accelerates cost-cutting measures, and sees its shares fall 19% amid reduced COVID-19 vaccine sales.
Trump, SoftBank CEO announce $100 billion US investment
SoftBank announces a $100 billion investment in the U.S., creating 100,000 jobs and boosting AI and tech development under President-elect Trump’s pro-growth economic policies.
Bitcoin surges above $106,000 over the weekend to new record highs
Bitcoin surged past $106,000 as President-elect Trump hinted at creating a U.S. bitcoin reserve, igniting investor optimism and boosting cryptocurrency market momentum to record highs.
Trump rang the NYSE opening bell on Thursday after being named Time’s Person of the Year
Donald Trump rings the NYSE bell, marking his second Time Person of the Year recognition. He reflects on his comeback, political plans, and the future of his MAGA movement.
Microsoft shareholders voted against proposal to add Bitcoin to balance sheet
Microsoft shareholders rejected a proposal to invest 1% of its assets in Bitcoin, citing volatility concerns, causing Bitcoin's price to dip over 4% to $95,000.
Juan Soto signs with Mets on a historic 15-year, $765 million deal
Juan Soto's record-breaking $765 million contract with the Mets cements him as MLB's highest-paid player and a global sports icon, with potential earnings exceeding $800 million.
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Bitcoin hits $100,000 for the first time
Bitcoin surpasses $100,000, driven by optimism for reduced regulation under Trump’s presidency, marking a historic milestone in the cryptocurrency's volatile journey toward mainstream financial adoption.
Germany’s DAX Index hits 20,000 points in historic gains, despite economic woes
Germany's DAX index surpassed 20,000 points for the first time, fueled by strong global markets, even as domestic challenges like economic slowdown, job cuts, and political instability persist.
Stocks at record highs, SPY becomes first ETF to surpass $600 billion in assets
The SPDR S&P 500 ETF (SPY) surpasses $600 billion in assets, reflecting strong market gains, but faces growing competition from lower-cost rivals like VOO and IVV.
Volkswagen Faces Widespread Worker Strikes in Germany Amid Tense Wage Dispute
Volkswagen faces widespread worker strikes across Germany, protesting wage disputes and potential plant closures, as IG Metall demands job security amidst the automaker's financial challenges and global competition.
Coffee prices soar to a 27-year high on supply fears
Coffee futures hit a 26-year high due to drought-stricken crops in Brazil and Vietnam, raising concerns about reduced supply and further price hikes for consumers and roasters.
Radical Jaguar rebrand and new logo sparks debate online
Jaguar’s bold rebrand campaign, featuring futuristic visuals and no cars, sparks backlash for abandoning its heritage. Critics question its strategy as the brand transitions to an all-electric future.
Nvidia’s revenue nearly doubles as AI chip demand remains strong
Nvidia's revenue surged 94% year-over-year to $35.1 billion, driven by AI demand and strong Blackwell chip sales, despite supply challenges and high investor expectations.
DOJ will push Google to sell off Chrome after illegal monopoly ruling
The DOJ is reportedly seeking to force Google to divest its Chrome browser, following a ruling that it monopolized the search market. Remedies may also address Google’s AI operations and Android platform. The case highlights antitrust efforts against Big Tech and could reshape the competitive landscape.
Jake Paul beats Mike Tyson in first ever Netflix hosted boxing match
Jake Paul, the 27 year old YouTuber turned boxer, defeated 58-year-old former heavyweight champion Mike Tyson in a Netflix hosted boxing match on Friday night. Jake won unanimously with scores of 80-72 and 79-73
Disney stock jumps as earnings, streaming profit, and guidance top estimates
$DIS Disney stock moved higher on earnings beat. ‘Deadpool & Wolverine’ drives earnings revival at Disney as profits jump 39%
Shopify stock soars 25% on strong Q3 results, upbeat holiday forecast
$SHOP Shopify stock jumped 25% on Q3 revenue, e-commerce volume beat, robust holiday season growth
S&P 500 had its best week in a year, reached new all time high of 6,000
S&P 500 hit new highs of 6,000 this week as Fed cut rates, post-election rally rolls on.
Prison stocks break out after Trump win
Prison stocks jump on expectations of more detentions. $GEO Geo Group shares skyrocketed by 42%, foreshadowing Trump's immigration crackdown