The Motley Fool

The tech-centric index has had a wild ride this year, but technology stocks have a long runway ahead, according to Wall Street.

2 Nasdaq Stocks to Buy Before They Soar as Much as 102%, According to Select Wall Street Analysts

Here are the top three news stories over the past day presented to you by U.Today. FBI breaks silence about Bitcoin creator Satoshi Nakamoto. Dave Troy, prominent investigative journalist and entrepreneur, has recently made a Freedom of Information Act (FOIA) request to the FBI, in which he asked for information about Satoshi Nakamoto, anonymous creator of Bitcoin. The bureau responded to the request, stating that Satoshi could be "one or more third-party individuals" and that it can "neither confirm nor deny" the existence of records about them. As follows from Troy's comment to the FBI's response, this is a typical answer for requests concerning non-U.S. persons. The journalist wrote that he intends to appeal the response, adding that his goal is not to identify the person behind the pseudonym, but to obtain any information the FBI may have on the subject.

FBI Breaks Silence about BTC Creator Satoshi Nakamoto, XRP Sees $12 Billion Real Trading Volume Surge, Arthur Hayes Predicts Epic Altcoin Season: Crypto News Digest by U.Today

Grayscale's spot Bitcoin ETF records drastic drop in holdings. BlackRock's iShares Bitcoin Trust now leads the Bitcoin ETF market. Grayscale, the second-largest crypto asset manager, has seen over 60% of its Bitcoin holdings in its Grayscale Bitcoin Trust (GBTC) slashed since the fund was converted into an exchange-traded fund (ETF), according to data from Coinglass.

Grayscale's GBTC down over 60% in Bitcoin holdings since ETF debut

Reuters

NEW YORK (Reuters) - A broadening rally in U.S. stocks is offering an encouraging signal to investors worried about concentration in technology shares, as markets await key jobs data and the Federal Reserve's expected rate cuts in September.

U.S. stock rally broadens as investors await Fed

Cathie Wood believes Bitcoin can reach as high as $3.8 million by 2030. This is unlikely and relies on some pie-in-the-sky reasoning. Bitcoin is likely to offer major returns nonetheless. That might seem like it's too good to be true, and it probably is. Ark Invest's Cathie Wood has made...

1 Top Cryptocurrency to Buy Before It Soars 6,200%, According to Cathie Wood of Ark Invest

Florida State

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

writer

Lakeland, FL

Akeena

If you’ve been keeping an eye on the local grocery scene in Florida, you might have heard the buzz: some Winn-Dixie stores are making the switch to Aldi. This transition is happening as Aldi snaps up 400 Winn-Dixie locations, including several in Florida cities like Panama City and Lakeland.

A Major Grocery Store Has Closed and Laid Off 48 Employees in Florida

CLBK - Free Report) announced that it has received all regulatory approvals from the Office of the Comptroller of the Currency to complete Freehold Bank’s merger into the company. The transaction and system integration are anticipated to be completed on Oct. 5, 2024, subject to customary closing requirements. Despite...

Columbia Financial Gets Regulatory Nod to Merge Freehold Bank

North Carolina State

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

Town Talks

Biscuitville, a North Carolina-based chain, has been named the No. 1 fast-food breakfast spot in the nation by USA Today's 10Best. This accolade comes after a month-long voting period where people across the country chose their favorite breakfast destinations.

North Carolina-based chain ranks No. 1 in the nation for fast-food breakfast. Here’s why

Gillian May

I’m a former nurse and recovering alcoholic, and I’ve been concerned by the lack of health education given to the general public about the dangers of mixing alcohol with certain medications. The common practice is to place warnings on medications that they should not be combined with alcohol. Although some doctors will provide warnings and some education, they often don’t because education takes up a lot of time in a busy healthcare environment. Plus, many doctors underestimate the ability of patients to retain education. Lastly, discussing this may prompt people to stop taking their vital medications so it becomes a risk/benefit issue.

Opinion: Why You Shouldn’t Mix These Medications With Alcohol

Popular on-chain analyst Willy Woo is predicting that Bitcoin (BTC) will ultimately hit a massive value for one key reason. Woo tells his 1.1 million followers on the social media platform X that Bitcoin could capture 3% of the total wealth assets and soar more than 975% from the current value.

Bitcoin To Explode by at Least 975% To Reach Ultimate Price, Says Analyst Willy Woo – Here’s the Timeline

NVIDIA (. NVDA - Free Report) reported robust second-quarter fiscal 2025 results. The AI darling topped both earnings and revenue estimates and offered a bullish revenue outlook for the current quarter but failed to live up to investors’ lofty expectations (read: NVIDIA's Stock Awaiting $300 Billion Impact? ETFs in Focus).

Buy the NVIDIA Dip with ETFs?

TEF - Free Report) stock has risen 12% in the past six months, outperforming the sub-industry and S&P 500’s growth of 2.7% and 10.7%, respectively. TEF’s stock has outperformed some of its peers in the industry in the past six months. While TELUS Corporation (. TU - Free...

Telefonica Gains 12% in 6 Months: Should Investors Buy TEF Stock?

FSRPX - Free Report) , Fidelity Select Leisure Portfolio (. FDLSX - Free Report) and Fidelity Select Consumer Staples Portfolio (. On Aug. 27, the Conference Board reported that U.S. consumer confidence surged to 103.3 in the month, up from a revised 101.9 in July, hitting its highest level in six months. This figure also exceeded the consensus forecast of 100.3.

3 Must-Buy Funds as Consumer Confidence Rebounds in August

The Lens

This year’s area of low oxygen in the Gulf of Mexico is larger than average, the National Oceanic and Atmospheric Administration (NOAA) announced on Thursday. The “dead zone” is approximately 6,705 square miles , as measured last week. Within NOAA’s 38 years of measuring the dead zone, this year’s assessment marks the 12th-largest area of low to no oxygen, which can kill fish and marine life.

Gulf ‘dead zone’ larger than average, larger than expected for 2024, scientists announce

EPD - Free Report) announced an agreement to acquire Piñon Midstream for $950 million in an all-cash transaction. Piñon, a key player in gas gathering, compression and treating, operates in the Delaware Basin, a sub-basin of the Permian. The acquisition is expected to be accretive to the partnership’s...

Enterprise Products to Buy Pinon Midstream: Time to Bet on the Stock?

ALGT - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the Oct. 18, 2024 $155.00 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility?. Implied volatility shows how much...

Do Options Traders Know Something About Allegiant (ALGT) Stock We Don't?

Chicago, IL

NewsNinja

Some people have had a flattering experience of being well-over 21 and being carded at a local bar or restaurant. But one woman was more confused than thrilled when it happened at her local Target.

'I have to ask': Target shopper gets stopped by security guard at entrance. She is puzzled as to why

POWL - Free Report) is a Zacks Rank #1 (Strong Buy) that provides custom-engineered equipment and systems for the management, distribution, and control of electrical energy. After breaking out earlier this year, POWL has seen some volatility but mostly traded sideways. More recently, the stock has made another push higher after a strong quarter and now looks to take out all-time highs.

Bull of the Day: Powell Industries (POWL)

IAU - Free Report) has gained 22.3% so far this year (as of Aug. 29, 2024). The potential Fed rate cut and a weak dollar and safe-haven demand. As a result, investors who are bullish on gold right now may want to consider a near-term long on the precious metal. Fortunately, with the advent of exchange-traded funds (ETFs), there are several options in the regular and leveraged gold space to make profits.

Ride the Gold Rush With These ETFs

MPW - Free Report) : This self-advised real estate investment trust that is formed to capitalize on the changing trends in healthcare delivery by acquiring and developing net-leased healthcare facilities, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.1% over the last 60 days. Medical Properties...

Best Income Stocks to Buy for August 30th

NewsBreak

Bitcoin to Gain From Rate Cuts: 4 Crypto-Centric Stocks With Upside

HOOD - Free Report) , Interactive Brokers Group, Inc. (. Bitcoin plunged earlier this month as global markets witnessed a massive selloff triggered by fears that...

Bitcoin to Gain From Rate Cuts: 4 Crypto-Centric Stocks With Upside

Comments / 0