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Opendoor stock surge and turnaround plan, crypto rises amid rate cut confidence
Youtube· 2025-09-12 21:25
Hello and welcome to Market Domination. I'm Josh Lipton live from our NYC headquarters. It is a waiting game now for investors.All eyes pointed at whether the Fed cut cuts rates in a matter of days. Plus, Washington is paying attention to new tariff and trade concerns. We're going to have more on those stories.And right now, just an hour to go into the closing bell stocks. You can see there we're mixed. The Dow's down about 184 points.S&P 500, your broad gauge is up about 2/10 of a percent. Tech heavy NASDA ...
Why Did Dogecoin (DOGE) Jump Today?
Yahoo Finance· 2025-09-12 21:18
Group 1 - Dogecoin experienced a significant increase of 7.8% in value within 24 hours, coinciding with a stable S&P 500 and a 0.4% gain in the Nasdaq Composite [1] - The anticipation of lower interest rates, driven by a weakening job market and inflation concerns, is contributing to the rise in Dogecoin and other high-risk assets [2] - Two successful crypto-related IPOs, Figure Technology Solutions and Gemini Space Station, have bolstered market confidence in crypto investments [3][4] Group 2 - Dogecoin is characterized as a meme coin, with its value driven by market sentiment rather than utility, leading to high volatility [5] - Analysts suggest that there are better investment opportunities than Dogecoin, highlighting a list of top stocks that could yield significant returns [6][8]
Public Keys: Crypto IPOs Sizzle, Missing Gensler Texts Grizzle
Yahoo Finance· 2025-09-12 20:46
Public Keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies. Gemini’s IPO Pop Crypto exchange Gemini hit a $4.4 billion valuation on its Nasdaq debut Friday. At the time of writing, the company’s shares—which trade under the GEMI ticker symbol—are hovering around $34. That’s a 22.6% gain from when the stock began trading. Gemini was founded in 2014 and granted a BitLicense by the New York State Department of Financial Services the following year. The company raised ...
Gemini opens at $37.01 a share in Nasdaq debut after its IPO priced at $28
CNBC Television· 2025-09-12 18:43
Do we have trades or are we halted again. We have trades although a lot of the air has come out of this one since first opening up. Gemini currently up about 24% uh trading around 3420 uh 55 there.The open price was 3701 and then this company priced its IPO at $28 a share. So, it's really just about finding where the supply uh which largely comprises retail, of course, as we've seen with a lot of these crypto IPOs, where that meets uh or I'm sorry, the demand which comes from uh a lot of retail meets the su ...
Coinbase Trading Above 200-Day SMA: Is it Time to Add the Stock?
ZACKS· 2025-09-12 18:41
Key Takeaways Coinbase trades above its 200-day SMA, signaling bullish momentum for the crypto exchange.Strategic buyouts, DeFi expansion, and global growth support COIN's long-term positioning.Consensus 2025 EPS estimates moved north though 2026 estimates moved south.Coinbase Global (COIN) is trading above its 200-day simple moving average (SMA), signaling a bullish trend. The 50-day and 200-day SMAs are key indicators for traders and analysts to identify support and resistance levels. These are considered ...
Microsoft and OpenAI enter non-binding deal, Gemini Space Station IPO
Youtube· 2025-09-12 14:02
Group 1: Microsoft and OpenAI Partnership - Microsoft and OpenAI have signed a non-binding deal that allows OpenAI to restructure into a for-profit company, marking a significant phase in their partnership [2] - Microsoft has invested $11 billion in OpenAI, which under previous agreements had exclusive rights to sell OpenAI software tools through its Azure platform [3] - OpenAI's nonprofit arm is expected to receive over $100 billion, approximately 20% of the $500 billion valuation it seeks in private markets [3] Group 2: Market Performance - Global stocks have reached record highs, with the Dow Jones closing above 46,000 and the Nasdaq above 22,000 for the first time [4] - The Nikkei in Japan also hit a fresh record high, while the FTSE 100 in Europe is poised to set another record [5] - Rate cut expectations are rising due to jobless claims reaching their highest in nearly four years, despite a slight increase in CPI [5] Group 3: IPO Activity - Gemini Space Station, founded by the Winklevoss twins, priced its IPO at $28 per share, above the expected range of $24 to $26, valuing the company at $3.3 billion [6] - The offering capped at $425 million, with 15.2 million shares sold [6] - This week has seen a busy IPO market with notable companies like Legions and Figer also launching [7] Group 4: Economic Indicators - The University of Michigan's preliminary sentiment survey for September is expected to show a slight decline to 58, indicating consumer caution amid inflation and high borrowing costs [9] - Current conditions are anticipated to rise to 62, while expectations remain steady at 56 [10] - Inflation expectations are projected to ease slightly, with the one-year outlook dipping to 4.7% from 4.8% [10] Group 5: Federal Reserve and Interest Rates - A rate cut by the Federal Reserve is widely expected next week, with a quarter-point cut anticipated [24][33] - The impact of rate cuts on long-term yields is uncertain, as historical data shows mixed results in previous cycles [31][32] - Factors such as supply and demand for bonds, creeping inflation, and global yield trends are influencing long-term rates [29][30] Group 6: Corporate Developments - Paramount Sky Dance is reportedly preparing a cash bid for Warner Brothers Discovery, which could reshape the US streaming landscape [39] - Adobe reported better-than-expected Q3 results, with revenue rising 11% year-on-year to $5.41 billion and net income climbing to $4.18 per share [40] - SK Hynix announced readiness for mass production of next-generation high bandwidth memory chips, crucial for AI computing [42]
Crypto stocks vs Bitcoin: here's what history says is a better investment
Invezz· 2025-09-12 12:33
Bitcoin may be the face of crypto, but recent performance data suggests that crypto-related stocks are stealing the spotlight. Since April, several crypto-focused stocks have not only kept pace with t... ...
Will ONDO Finance Hit $2.5? ONDO Price Blasts 8% Amid Tokenized Stocks Launch
Yahoo Finance· 2025-09-12 11:09
Group 1: Company Overview - Ondo Finance token price increased by 12% to $1.13 on September 12, 2025, driven by hype around tokenized U.S. stocks and ETFs [1] - The launch of Ondo's Global Markets platform on September 3, 2025, resulted in a total value locked (TVL) of over $160 million, with $30 million added in the last 24 hours [2] - Ondo is positioned as the leading platform for tokenized U.S. equities and ETFs, significantly outpacing competitors like xStocks on Solana, which has a TVL of $62 million [2] Group 2: Market Access and Features - Global Markets allows non-U.S. investors to access over 100 U.S. stocks and ETFs, including major companies like Apple and Nvidia, backed 1:1 by securities held by U.S.-registered broker-dealers [3] - The platform eliminates barriers such as high fees and geographic restrictions, enabling global investors to access U.S. financial markets through blockchain technology [3] Group 3: Strategic Partnerships and Ecosystem Expansion - Ondo's partnership with Ledger enhances trading and custody of tokenized assets within Ledger Live, improving user experience and security [4] - The company is expanding its ecosystem by acquiring firms like Oasis Pro and launching the Ondo Catalyst Fund in collaboration with Pantera Capital [4] Group 4: Future Growth Potential - Ondo plans integrations with BNB Chain and Solana, expanding its reach across major ecosystems [5] - Speculation around future revenue-sharing mechanisms, such as buybacks or burns, positions Ondo as a potential cash-flow-generating asset, supporting a bullish long-term growth narrative [5] Group 5: Market Sentiment and Trading Activity - ONDO's recent price surge is supported by strong technical momentum and overall bullish sentiment in the crypto market, with trading volume reaching $500 million in the last 24 hours [6] - The token has broken out of a descending bullish pattern, supported by increased trading volume and new strong features [7]
CleanCore Hires Marco Margiotta Months After Quietly Settling CEO Lawsuit
Yahoo Finance· 2025-09-12 10:15
Group 1: Company Leadership and Strategy - CleanCore Solutions has appointed Marco Margiotta, CEO of House of Doge, as Chief Investment Officer to oversee its Dogecoin treasury strategy [1][8] - The appointment follows a settlement with former CEO Matthew Atkinson, marking a strategic reset for the company [1][8] - Under new leadership, CleanCore is pursuing a Dogecoin treasury strategy, which is a significant shift from its traditional business model [9][10] Group 2: Financial Developments - CleanCore secured an initial $175,000 private placement to fund DOGE purchases on September 2, and by September 11, it announced being halfway toward its goal of accumulating 1 billion DOGE, valued at nearly $260 million as of September 12 [3] - The company closed the 2024-2025 financial year with assets worth $8.4 million and a high debt-to-equity ratio, raising concerns among investors [4] Group 3: Market Position and Competition - CleanCore's new DOGE strategy has opened a new revenue stream, quickly elevating it to the top ranks of memecoin treasury companies, competing with Bit Origin for the title of the largest public holder of Dogecoin [5] - Bit Origin recently closed a $500 million debt and equity deal, with its holdings surpassing 70 million DOGE [6]
Why more Americans than ever are 401(k) millionaires, Figure Technology CEO talks big IPO
Youtube· 2025-09-11 21:07
Market Overview - Consumer prices have risen by nearly 3% year-over-year, with the headline CPI increasing from 2.7% in July to 2.9% in August, aligning with economist expectations [4][9] - Initial jobless claims have reached a four-year high, indicating ongoing weakness in the labor market [4][9] - All three major U.S. stock indices (Dow, S&P, Nasdaq 100) are at record levels, driven by technology stocks [2][3] Federal Reserve Outlook - The Federal Reserve is expected to cut interest rates next week due to concerns over the labor market, despite rising inflation [3][9] - Market sentiment suggests that the Fed is more focused on job market deterioration than on inflation concerns [9][12] Salesforce Insights - Salesforce CEO Mark Benioff discussed the transformative impact of AI on the company, highlighting the integration of AI agents in customer service, which has led to a significant reduction in human support staff [34][42] - The company has seen rapid growth in its Agent Force product, with over 12,000 customers and generating approximately $1.2 billion in revenue [39][40] - Benioff expressed skepticism about the immediate arrival of Artificial General Intelligence (AGI), emphasizing the importance of human capabilities beyond language models [35][38] Figure Technologies IPO - Figure Technologies, a blockchain lender, has gone public, raising over $780 million and is set to trade under the ticker FIGR [58][60] - The company reported $340 million in revenue and over $100 million in EBITDA last year, showcasing strong financial performance [61] - Figure's business model focuses on using blockchain technology to streamline capital markets, aiming to reduce the number of intermediaries in transactions [63][64] Chewy and Other Analyst Calls - Chewy's stock has been upgraded by Deutsche Bank from hold to buy, citing growth investments that could enhance market share [51] - Fannie Mae and Freddie Mac have also received buy ratings based on potential IPO prospects, with expectations of being released from federal control [52] - Apple has been downgraded to neutral by DA Davidson due to uninspiring product announcements and a lack of a near-term AI strategy [53][54]