The crypto market came to life on Friday, the last trading day for Wall Street markets before the Trump presidency begins on Monday. Bitcoin (CRYPTO: BTC) has led the way, rising 5.6% in the past 24 hours as of 12:30 p.m. ET and nearly crossing $105,000 per token. Ethereum (CRYPTO: ETH) is up a more modest 2.6% in that time, and Dogecoin (CRYPTO: DOGE) is up 7.3%.
Major cryptocurrencies rallied on Friday, with bitcoin back on track toward its record high days ahead of the second inauguration of crypto-friendly President-elect Donald Trump.
JP Morgan analyst Matthew Boss reiterated an Overweight rating on the shares of Viking Holdings Ltd (NYSE:VIK) and raised the price target to $58 from $50. From 2017 to 2019, VIK’s pre-pandemic annual revenue growth averaged approximately 29%, driven by around 23% capacity growth and 5% net yield growth, said the analyst. Looking ahead, the 2025 booking curve is 70% filled with a 7% pricing increase and 12% capacity expansion, leading to an estimated 5% yield growth and a 19% increase in top-lin
President-elect Donald Trump is set to issue an executive order to declare cryptocurrency as a national priority and incorporate industry experts into his administration, according to a Thursday report. What happened: The strategic language was used ...
High interest rates have been weighing on the stock market rally, and there may be little Donald Trump can do to remedy that issue.
Crypto investors have high hopes for the incoming administration, including potential digital asset-focused executive orders that could add fuel to the rally.
(Bloomberg) -- The most aggressive Western sanctions imposed on Russia’s oil sector since Moscow’s 2022 invasion of Ukraine threaten to disrupt global supply as buyers — led by China and India — scour the Middle East for alternative suppliers. Some estimates suggest the measures could halve Russian oil exports and their introduction has driven up Brent futures by as much as $5 a barrel in recent days.Most Read from BloombergNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesHow Sanc
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row to the lowest since December 2021, energy services firm Baker Hughes said in its closely followed report on Friday. Baker Hughes said this week's decline puts the total rig count down 40 rigs, or 6% below this time last year. Baker Hughes said oil rigs fell by two to 478 this week, their lowest since November, while gas rigs also fell by two to 98, their lowest since September.
(Bloomberg) -- Investors are yanking money from emerging markets at the start of 2025 as they weigh how many of Donald Trump’s threats will become policy upon his return to the White House next week.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesScaramucci, Ackman Donate to Whitney Tilson’s NYC Mayoral RunIn a City of Sprawl, Wildfire Evacuation Is Getting HarderWill Americans Ever Lose Their Taste
U.S. equities were higher at midday Friday as positive reports on inflation raised investor optimism for more Federal Reserve rate cuts ahead.
