Tesla stock is jumping on Monday as more news rolls in that CEO Elon Musk’s bet on President-elect Trump is paying off.
Stellantis CEO says will adapt to U.S. market under Trump
Stellantis' will adapt to changes in the U.S. car market expected under a Trump government, CEO Carlos Tavares said on Monday, with a platform that can offer electric, hybrid or gasoline versions of its models. President-elect Donald Trump's transition team is planning to kill the $7,500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, two sources with direct knowledge of the matter told Reuters last week. Ending the tax credit could have grave implications for an already stalling U.S. EV transition.
Why traditional banks may soon have no choice but to accept crypto
As crypto gains traction, traditional finance grapples with the need to adapt or risk obsolescence.
Wall Street forecasts 'normal' year for stocks in 2025 after historic rally
After two years of massive gains in the S&P 500, one of Wall Street's biggest bulls thinks the rally will take a "breather" in 2025 as small stocks lead the index higher.
Bitcoin expert warns 'The dam is about to break'
Bitcoin book author Fred Krueger explains why Bitcoin's rally is just starting
Nasdaq Poised to List Spot-Bitcoin ETF Options as Crypto Assets Rally
(Bloomberg) -- Nasdaq Inc. is planning to list options on BlackRock Inc.’s Bitcoin exchange-traded fund, possibly as soon as Tuesday, allowing investors to use derivatives to bet on or against the world’s largest digital asset.Most Read from BloombergIn Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited LiftParis to Replace Parking Spaces With TreesAmtrak Wins $300 Million to Fix Its Unreliable NJ-to-NYC ServiceA Bug’s Eye View of Mexico City’s Modernist ArchitectureNew York’s Transit A
Morgan Stanley raises base case 2025 yr-end S&P 500 target to 6,500
Morgan Stanley has increased its 12-month base case price target on the S&P 500 to 6,500, the firm's equity strategist Michael Wilson and other strategists wrote in a note on Monday. According to the note, the firm expects the recent broadening in U.S. earnings growth to continue in 2025 as the Federal Reserve cuts interest rates into next year and as business cycle indicators improve further. "A potential rise in corporate animal spirits post the election (as we saw following the 2016 election) could catalyze a more balanced earnings profile across the market in 2025," the strategists added.