Qaasid News

Download Our App

Author: admin

Continue Reading

  • Zoeti Free on Epic Games Store Mobile

    Zoeti Free on Epic Games Store Mobile

    From November 20 to 27, 2025, players can download Zoeti for free on mobile via the Epic Games Store. The promotion is available on Android worldwide and on iOS within the European Union, though availability may differ depending on the region….

    Continue Reading

  • Wall Street eyes a possible culprit in this week’s head-spinning stock market reversal: Bitcoin

    Wall Street eyes a possible culprit in this week’s head-spinning stock market reversal: Bitcoin

    Nvidia’s blockbuster earnings late Wednesday set up the stock market for a ferocious rebound as the chipmaker appeared to ease fears that an AI bubble was about to pop.

    Thursday began with a massive rally with the Dow Jones Industrial Average up 700 points, regaining some ground after an earlier AI-related selloff. Upbeat results from retail giant Walmart helped too.

    But the market suddenly turned lower, and the Dow lost 300 points, leaving Wall Street wondering what the heck happened.

    Some commentators pointed to persistent worries about an AI bust, while others cited the mixed September jobs report that showed strong payroll gains but an uptick in the unemployment rate to the highest level in four years.

    Meanwhile, Federal Reserve policymakers have been sounding increasingly hawkish, putting a rate cut next month in doubt.

    Market veteran Ed Yardeni, cited these factors in a note late Thursday along with the selloff in the world’s leading cryptocurrency.

    “We attribute some of today’s stock market selloff to the ongoing plunge in bitcoin’s price,” he wrote. “There has been a strong correlation between it and the price of TQQQ, an ETF that seeks to achieve daily investment results that correspond to three times (3x) the daily performance of the Nasdaq-100 Index.”

    Yardeni blamed bitcoin’s slide on the GENIUS Act, which was enacted on July 18, saying that the regulatory framework it established for stablecoins eliminated bitcoin’s transactional role in the monetary system.

    “It’s possible that the rout in bitcoin is forcing some investors to sell stocks that they own,” he added.

    Bitcoin has tumbled more than 30% from earlier highs, suffering its worst slump since 2022. Traders who used leverage to make crypto bets would need to liquidate positions in the event of margin calls.

    Steve Sosnick, chief strategist at Interactive Brokers, also said bitcoin could swing the entire stock market, pointing out that it’s become a proxy for speculation.

    “As a long-time systematic trader, it tells me that algorithms are acting upon the relationship between stocks and bitcoin,” he wrote in a note on Thursday. “Traders have always sought to find relationships between asset classes, and there are teams of skilled quants who pore through data, both long- and short-term, seeking inputs that guide their decisions. We called them ‘leads.’”

    And in recent days, Sosnick added, bitcoin has become one of the most reliable leads. 

    Tom Lee, Fundstrat Global Advisors’ head of research, linked crypto with the AI trade in particular, noting that investors with big holdings in AI-related stocks also tend to own bitcoin. 

    “I think crypto, bitcoin and ethereum are in some ways a leading indicator for equities because of that unwind and now this sort of limping and weakened liquidity,” he told CNBC on Thursday.

    Continue Reading

  • Pick up the Google TV Streamer 4K for only $75 this Black Friday

    Pick up the Google TV Streamer 4K for only $75 this Black Friday

    One of the best streaming devices you can get today is deeply discounted on Amazon ahead of Black Friday. The Google TV Streamer is going for just $75 right now — the lowest price we’ve seen it hit yet. The device normally costs $100.

    The Google…

    Continue Reading