Analysts are bullish that demand from spot bitcoin ETFs and the possible adoption of a U.S. bitcoin reserve could help bitcoin to new highs in 2025.
Wall Street Sides With Fed and Sees Lower US Bond Yields in 2025
(Bloomberg) -- Wall Street is taking its cues from the Federal Reserve, forecasting short-term US Treasury yields to fall in 2025 despite the looming threat of President-elect Donald Trump’s trade and tax policies on the bond market.Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayThe Architects Who Built MiamiReviving a Little-Known Modernist Landmark in BuffaloNew York’s Congestion Pricing Plan Still Faces Legal HurdlesNew York City’s Historic Preservation Mo
Wall Street opens mixed as holiday-shortened week starts
Wall Street's main indexes were mixed at the start of a holiday-shortened week on Monday, after a stopgap government funding bill averted a partial shutdown and investors braced for a slower pace of rate cuts from the U.S. central bank next year. At 09:45 am ET, the Dow Jones Industrial Average fell 132.48 points, or 0.32%, to 42,704.92, the S&P 500 gained 1.04 points, or 0.01%, to 5,931.36, and the Nasdaq Composite gained 57.63 points, or 0.31%, to 19,630.23. Most heavyweight megacap and growth stocks gained, with Nvidia adding 1.6% and Meta Platforms up 1.4%, buoying the S&P 500 and the tech-heavy Nasdaq.
Steve Ballmer is richer than Warren Buffett. But his portfolio depends mostly on one stock.
The former Microsoft CEO said his investment strategy was partly influenced by Buffett.
Mexico’s Inflation Ticks Down, Backing Gradual Pace of Interest Rate Cuts
(Bloomberg) -- Mexico’s annual inflation slowed slightly less than expected in early December as services prices remained pressured, supporting the central bank’s cautious stance as it extends interest rate cuts.Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayThe Architects Who Built MiamiReviving a Little-Known Modernist Landmark in BuffaloNew York’s Congestion Pricing Plan Still Faces Legal HurdlesNew York City’s Historic Preservation Movement Is Having a Mi
Who Votes on Fed Policy Next Year Is Changing. Here’s What to Know
(Bloomberg) -- New voters are set to rotate onto the Federal Reserve’s interest-rate-setting committee just as renewed inflation concerns inject a fresh layer of complexity into the central bank’s decision making. Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayThe Architects Who Built MiamiReviving a Little-Known Modernist Landmark in BuffaloNew York’s Congestion Pricing Plan Still Faces Legal HurdlesNew York City’s Historic Preservation Movement Is Having a
Metaplanet Acquires $61 Million in Bitcoin Amid Continued Investment Strategy
Tokyo-based investment firm Metaplanet Inc. announced on Monday it has purchased an additional 619.7 Bitcoin, spending approximately $58.9 million at current market rates.