Plug Power shares surged for a second straight session on new tax credit rules for clean hydrogen production.
Fed officials signal more gradual approach to lowering rates as 2025 begins
Federal Reserve governor Lisa Cook said Monday it makes sense to lower interest rates more gradually given resilience in the job market and stickier-than-expected inflation, the latest central bank official to offer a cautious view as 2025 begins.
MicroStrategy Stock Jumps On Latest Bitcoin Buy, Capital Raising Plans
MicroStrategy bought bitcoin yet again, and it has no plans to slow down purchases anytime soon. The company also plans to raise $2 billion in capital over three years to fund more purchases.
Snow Grounds US Flights and Shuts Washington Federal Offices
(Bloomberg) -- A winter storm has grounded flights across the eastern and central US, shut federal offices in Washington and knocked out power across six states. Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeIs This Weird Dome the Future of Watching Sports?Don’t Shrink the BusCan American Drivers Learn to Love Roundabouts?NYC Congestion Pricing to Take Effect After Years of DelaysWashington, where Congress will meet to certify the presidential election
Lucid stock pops on upbeat production and delivery figures
Lucid stock surged on Monday after the EV maker reported upbeat sales results for the quarter and full year.
Fubo TV stock skyrockets on news that Disney will merge it with Hulu’s livestreaming service
Combined, Hulu + Live TV and Fubo will become the second largest live-TV streaming platform behind YouTube TV. Disney will control 70% of the venture.
Fed’s Cook Says Officials Can Be More Cautious With Rate Cuts
(Bloomberg) -- Federal Reserve Governor Lisa Cook said policymakers can proceed more cautiously with interest-rate cuts, citing a sturdy labor market and lingering inflation pressures. Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeIs This Weird Dome the Future of Watching Sports?Don’t Shrink the BusCan American Drivers Learn to Love Roundabouts?NYC Congestion Pricing to Take Effect After Years of Delays“Since September, the labor market has been somewh