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  • Nov 25, 2024

Russell 2000 hits record high on Trump policy, Fed rate-cut optimism

The index has gained more than 8% since the Nov. 5 U.S. presidential election. Expectations that Trump, along with a Republican Congress, can make good on his promise of lower taxes, import tariff hikes and less rigid regulations have been the latest tailwinds for this group of stocks. Small cap companies have been in the spotlight since the U.S. Federal Reserve commenced its monetary policy easing cycle in September, as investors expect them to perform better in a low-interest-rate environment.

  • Nov 25, 2024

Biden policies attract $1 trillion in US economic investments, White House says

Companies have pledged to invest more than $1 trillion in U.S. industries such as semiconductors and clean energy during the Biden administration, the White House said on Monday, citing the passage of three critical laws in recent years. U.S. President Joe Biden has cited the Bipartisan Infrastructure Law, the CHIPS and Science Act, and the Inflation Reduction Act as helping to push his sweeping infrastructure agenda and create more jobs nationwide. "We passed legislation to rebuild our infrastructure, build a clean energy economy, and bring manufacturing back to the United States after decades of offshoring," Biden said.

  • Nov 25, 2024

MicroStrategy Accelerates Bitcoin Buying With Record Purchase

(Bloomberg) -- MicroStrategy Inc. bought a record $5.4 billion in Bitcoin, the third major purchase announced this month by the crypto hedge fund proxy. Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasUsing the proceeds from a $3 billion convertible note issue and common share sales, the Tysons Corner, Virginia-based firm acquired 55,500 tokens from

  • Nov 25, 2024

Wall Street’s ETF Crew Ready to Pounce in Era of Crypto ‘Degens’

(Bloomberg) -- With a crypto-friendly commander-in-chief returning to the White House, Wall Street is ready to unleash a new generation of speculative products across the $3.2 trillion industry to sate investor appetite — from institutional newbies to die-hard retail traders.Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC's Underground Steam System May Be Key to a Greener Futur

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