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Bitcoin holds steady at $70,000, awaiting election results for movement

Quartz

qz.com › bitcoin-70000-trump-harris-election-results-1851687311

Bitcoin (BTC) remains just shy of its all-time high, potentially biding its time for the election results. Speculation about who will become the 47th president of the United States—Donald Trump or Kamala Harris—has created an atmosphere of fear, uncertainty, and doubt within the crypto community. A lot of polls…

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The Dow jumps 300 points as a bad job report has the Fed on track to cut interest rates

Quartz

qz.com › djia-sp500-nasdaq-jobs-report-fed-interest-rate-cuts-1851687171

The Dow Jones Industrial Average shot higher Friday morning, following a day of steep declines that were largely driven by strong tech earnings that nevertheless spooked investors worried about companies’ huge AI spending.

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Wall Street to Big Tech: Show us the AI money

Quartz

qz.com › microsoft-meta-apple-amazon-google-ai-tech-stocks-1851687080

For tech’s biggest players, this earnings season is starting to feel like a scene from the movie Jerry Maguire — and the “show me the money” demands aren’t working out any better than they did for Tom Cruise. Some analysts are even dubbing this the “show me the money” quarter, as Wall Street’s patience with massive…

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The last jobs report before Election Day is coming. Brace for Boeing and hurricane hits

Quartz

qz.com › october-jobs-report-unemployment-economy-boeing-strike-1851685037

The last monthly employment report before Election Day is expected to show that U.S. job creation slumped in October, as the economy faced hits from hurricanes and a massive work stoppage at Boeing (BA).

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Boeing's cash crunch, American's longest flight, and getting over Spirit: Airlines news roundup

Quartz

qz.com › boeing-strike-stock-american-spirit-airlines-news-1851686717

American Airlines took a really long flight. The government has provided an official definition of “canceled flight.” Boeing is building up its coffers as its machinists’ strike drags on. Plus: Allegiant Airlines has given an update on its Florida resort business after the property got struck by two hurricanes.

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