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Despite watching Bitcoin's scorching run past $100,000 and the inauguration of Donald Trump, who has pledged to be a "crypto president" in the U.S., some of the world's largest investors said this week they still plan to stay on the sidelines. "I am not an advocate, nor a critic ... it is not what it was supposed to be, which was an alternative to banking," said Anne Walsh, chief investment officer at Guggenheim Partners, which is headquartered in New York and Chicago. "To me, what crypto really correlates to is Nasdaq - it's a risk-on appetite indicator to me," she told the Reuters Global Markets Forum on the sidelines of the World Economic Forum's annual meeting in Davos.

This story incorporates reporting fromInside Bitcoins and Inside Bitcoins.

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Shares of insurance industry-focused software maker Guidewire (NYSE:GWRE) jumped 9.7% in the afternoon session after Goldman Sachs analyst Adam Hotchkiss initiated coverage of the stock with a Buy rating and a $210 price target. Hotchkiss thinks Guidewire's leadership in the key end markets and the momentum from customers migrating to the cloud should continue to support growth.

Shares of memory chips maker Micron (NYSE:MU) fell 5.3% in the morning session after peer, SK Hynix, raised concerns about potential demand challenges. During the earnings call, CFO Woo-Hyun Kim stated, "2025's memory demand outlook is clouded by inventory adjustments from PC and smartphone OEMs [original equipment manufacturers] as well as strengthened protective trade policies and geopolitical risks." This cautious outlook highlights broader industry pressures that could also affect competitor

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Despite encouraging signs, the U.S. manufacturing sector remains in the early stages of recovery. The post Crosswinds lash US industrial economy appeared first on FreightWaves.