Bitcoin 100K, Intel CEO ousted, job growth rebounds: 3 big stories in markets this week

Published On Dec 7, 2024, 7:37 AM

Bitcoin has surmounted the $100,000 threshold for the first time, bolstered by President-elect Donald Trump's promises to loosen crypto regulations. This event has likely boosted crypto-related stocks alongside significant increases for Bitcoin and other digital currencies. In contrast, the semiconductor giant Intel has faced turmoil, with its CEO forced out amid declining stock prices and uncertainty on its strategic direction, particularly regarding its foundry operations. Amid these developments, the U.S. job market showed resilience with November job numbers exceeding expectations, signaling stable economic growth.

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Stock Forecasts

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Negative

Intel's abrupt leadership change creates instability, and potential challenges ahead could negatively impact investor confidence. With existing issues in management and strategic direction, it is likely that Intel's stock will continue facing downward pressure in the near future.

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