Former U.S. Treasury Secretary Larry Summers cautioned on Wednesday, Dec. 11, 2024, that President-elect Donald Trump’s proposed economic policies could trigger more severe inflation than the surge experienced during President Joe Biden’s term, highlighting potential risks for investors and markets. read more
World Liberty Financial, a cryptocurrency project backed by President-elect Donald Trump, purchased Ethereum (CRYPTO: ETH) worth $10 million on Wednesday. read more
Tesla’s stock hit the symbolic $420 level, prompting celebratory reactions from Elon Musk and investors, marking a milestone in its impressive year-to-date performance fueled by innovation, strong sales, and market optimism. read more
German automaker BMW on Wednesday took down its appreciation for Tesla’s full self-driving (FSD) driver assistance system without an explanation, merely hours after posting it on X. read more
Prominent financial market commentator Tom Lee doubled down on his $250,000 price target for Bitcoin (CRYPTO: BTC) in 2025 on Wednesday, thanks to a friendlier White House. read more
Jim Cramer expressed strong buying conviction for Netflix Inc. during Wednesday’s Lightning Round on “Mad Money,” as the streaming giant’s shares traded near $934 amid broader tech market strength. read more
On Wednesday Dec. 11, 2024, Cathie Wood-led Ark Invest sold $21.8 million worth of Tesla shares. read more
The stock market experienced a wave of optimism on Wednesday, driven by the latest inflation report. The Nasdaq 100 surged 1.7%, achieving a new record high. read more
OpenAI’s widely-used ChatGPT service is experiencing a major disruption, affecting both free and premium users. Efforts are underway to restore normal operations. read more
Leading cryptocurrencies rallied Wednesday after in-line inflation data boosted expectations of monetary easing by the Federal Reserve. read more