Finance

Big Tech’s historic gains could be affecting your portfolio’s makeup — especially if your goal is diversification. Astoria Portfolio Advisors CEO John Davi warns the S&P 500 index tilts too far in favor of the so-called Magnificent Seven stocks: Apple, Microsoft, Nvidia, Amazon, Meta Platforms, Alphabet and Tesla. “Those Mag Seven stocks are very expensive…

Amazon signage during the 2024 CES event in Las Vegas, Nevada, on Jan. 10, 2024. Bridget Bennett | Bloomberg | Getty Images Check out the companies making headlines in extended trading: Amazon — The e-commerce giant fell 2% after issuing weaker-than-expected guidance for the current quarter. Amazon said it forecasts sales in the first quarter…

Shipping containers are seen at the Port of Montreal in Montreal, Canada, on Feb. 3, 2025.  Andrej Ivanov | Afp | Getty Images President Donald Trump imposed broad tariffs on China that took effect Tuesday, while his tariff threats hang over other major trading partners: Canada, the European Union and Mexico. That may lead some…

Follow Frank on X. Over the course of the last week, we’ve seen reports of massive bitcoin liquidations. For those unfamiliar with the term “liquidation” as it applies to finance, it refers to when a trader is forced to close a leveraged trade because the margin for the trade has been depleted. In everyday pleb…

Jane Fraser, CEO of Citi, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 1, 2023.  Patrick T. Fallon | AFP | Getty Images Bank shares rose Thursday after the Federal Reserve released parameters for its annual industry stress test showing smaller hypothetical shocks to the U.S. economy than in previous…

Recently, Flashnet announced that it had raised a $4.5m seed round, led by Abstract Ventures with participation from UTXO Management and others. Follow GG on X Flashnet is a Bitcoin native DEX based on Spark (a Bitcoin L2 designed between the Flashnet team and LightSpark). It’s designed to rival the performance of a (Centralized Exchange) CEX…

Introduction In an economic landscape increasingly characterized by monopolization and the dominance of institutionalized credit, innovative technologies and protocols are emerging that have the potential to change the foundations of our economy and society. At the forefront of this are Bitcoin and Nostr—two groundbreaking protocols that together can usher in a new era of innovation,…

Even if the U.K. is not the “direct recipient” of potential tariffs imposed by the U.S., “it will have an effect,” Bank of England Governor Andrew Bailey said Thursday. If tariffs are announced, their effect on the global economic growth and inflation would need to be looked at, Bailey told ‘s Steve Sedgwick. “Now I…

U.S. Secretary of the Treasury Scott Bessent speaks, at the White House, in Washington, U.S. February 3, 2025.  Elizabeth Frantz | Reuters The Trump administration is more focused on keeping Treasury yields low rather than on what the Federal Reserve does, Treasury Secretary Scott Bessent said. While in the past President Donald Trump has implored…

Breez, in partnership with 1A1z, has released a new report investigating the use of Bitcoin as a payments system and transactional currency. Bitcoin has always been painted as digital gold, that is one of the longest running narratives at this point in terms of what Bitcoin actually is. It does capture the use as a…