Markets

• Bitcoin dips below $78,000 as market digests silver sell-off, Trump's Fed chair pick - Bitcoin and Ethereum plunged following wide swings in the commodities market.
• Here is what caused the wild swings in our 34-stock portfolio last week - The S&P 500 closed lower Friday after briefly topping 7,000 for the first time ever Wednesday.
• American Express challenges Apple for No. 1 slot in Berkshire's portfolio - A combination of big Apple stock sales and steady gains for the share price of American Express has put the credit card company within a few billion dollars of becoming the most valuable holding in Berkshire Hathaway's equity portfolio.
• GameStop's Ryan Cohen eyes 'very big' consumer megadeal that could increase company's value tenfold - Ryan Cohen wouldn't say whether he would sell GameStop's bitcoin to try to pull off a major acquisition.
• Chevron earnings beat as production hits record with upside expected in Venezuela - The oil giant beat expectations despite a bearish market for crude, which logged its biggest annual price decline since 2020.
• Silver plummets 15%, gold falls 7% — dragging down miners and ETFs - Gold and silver prices plunged on Friday, following weeks of gains as investors poured money into safe havens.
• World leaders flock to Beijing, hedging against U.S. disruptions - Nations that avoided China in recent years are now sending their leaders to Beijing for meetings with Chinese President Xi Jinping.
• Scenic trains, cruises and concerts: China’s new plan to get consumers spending again - China rolled out a new work plan to boost services consumption as stimulus measures to boost households spending on goods have so far done little to lift demand.
• Gold prices fall over 4%; Asia-Pacific shares trade mixed after Trump says he will name new Fed chair - Asia-Pacific markets traded mixed after U.S. President Donald Trump said that he will announce his choice for the next Federal Reserve chair on Friday.
• Trump reportedly says 'very dangerous' for UK to do business with China as Starmer looks to mend ties - Starmer is on a 4-day visit to China this week, the first trip by a British leader in eight years, signaling an attempt at resetting the bilateral ties.