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The U.S. Securities and Exchange Commission approved 11 spot bitcoin exchange-traded products on Wednesday after years of rejecting ETF applications. "Importantly, today's Commission action is cabined to ETPs holding one non-security commodity, bitcoin (BTC-USD). It should in no way signal the ...

Nvidia's (NVDA -1.01%) stock has more than tripled since the beginning of the year. That rally was driven by the explosive growth of the artificial intelligence (AI) market, since its data center GPUs are widely used to process advanced AI tasks. However, investors might be reluctant to invest in Nv...

Nvidia is now one of only six companies worth more than $1 trillion. It joins the list among Apple, Microsoft, Saudi Aramco, Alphabet, and Amazon, marking a significant milestone as Nvidia rides a wave of generative AI brought on by ChatGPT.

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In the week ending April 1, the advance figure for seasonally adjusted initial claims was 228,000, a decrease of 18,000 from the previous week's revised level. The previous week's level was revised up by 48,000 from 198,000 to 246,000. The 4-week moving average was 237,750, a decrease of 4,250 from ...

What does the next year hold for crypto? We’ve rounded up predictions from smart people in the space – from the bullish to the skeptical. Think back to one year ago. Bitcoin traded at around $50,000, you couldn’t watch sports without seeing a crypto advertisement, and you could get rich – or at lea...

The dollar is tumbling from multi-decade highs. Calling the FX market in 2023 requires taking a view on the Federal Reserve, the war in Ukraine, China, and the overall investment environment. We suspect that the dollar can stay stronger for a little longer. But the main message in our 2023 FX Outlo...

We’re a few weeks away from closing the book on 2022. Wow, what a rollercoaster year for the financial markets. New participants received a valuable education on how inflationary forces can alter asset relationships. Growth equity investors severely underperformed, as higher rates proved to be too m...

In Brief The 10% of "most active" users represent 90% of Twitter activity Twitter's internal report (seen by Reuters) says they know about the situation but don't want to make it public Months ago, Elon Musk said that the social network "was dying." Twitter is struggling to main...

In Brief Crypto market sudden gains opened the doors for bullish speculations going into the month of November. BTC price breaking above the $23,900 mark in November could aid the uptrend to the $30,000 resistance level. The altcoin market cap seemed to be charting a recovery from the lower $900 bi...

Summary

• Tesla was in a bearish wave pattern before its stock split in August.

• With this, the popular equity now in a potential bullish wave structure.

• We will look at both how to gain a future price reading while identifying a number for a bullish case for Tesla.

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