Despite opening the year with a door plug blowout whose fallout reverberated throughout the industry, U.S. airlines had a pretty good year in the stock market. Bloomberg reports that the S&P Supercomposite Airlines index rose 57% this year, beating the S&P 500 by more than 30 percentage points — the biggest such gap in a decade.
Much of the grid was built over 50 years ago, and AI data centers are just one reason energy demand has skyrocketed.
(Bloomberg) -- A co-founder of Solana, one of the biggest blockchain platforms in the world, is locked in a legal battle with his former wife over the gains from a cache of lucrative SOL tokens.Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024Stephen Akridge was accused by his ex-wife, Elisa Rossi, in a lawsuit of stealing “millions of dollars” in income yielded from her digital wallet holdings of Solana, the sixth-largest cryptocurrency by market value. Akridg
Coeptis Therapeutics Holdings, Inc. (NASDAQ:COEP) shares are trading lower on Friday. The firm announced plans to implement a 1-for-20 reverse stock split, which will take effect on December 31. The decision follows authorization from the company's board of directors and majority stockholders. The reverse stock split aims to help the company meet the Nasdaq Capital Market's minimum bid price requirement of $1.00 per share, which is necessary to maintain its listing on the exchange. Also Read: 3
(Bloomberg) -- Paraguay’s central bank sees its current benchmark interest rate of 6% slowing price increases to its new target as soon as the middle of 2026, Chairman Carlos Carvallo said in an interview. Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024Carvallo, 56, didn’t rule out hiking or easing rates if needed to reach the new 3.5% inflation target, while the monetary authority estimates prices will rise 3.7% next year, a tick higher than this year. “With
(Bloomberg) -- Gold declined in quiet holiday-week trading after mixed US jobless data in did little to alter bets on the outlook for Federal Reserve interest-rate cuts.Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024Bullion fell 0.6% to $2,617.75 an ounce, wiping out Thursday’s advance, after recurring applications for US unemployment benefits rose to the highest in more than three years — suggesting that it’s taking longer for out-of-work people to find a jo
(Bloomberg) -- A Bitcoin rally is fizzling in the final days of a record-breaking year for the digital asset, as investors assess the remaining impetus from President-elect Donald Trump’s embrace of the cryptocurrency sector.Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024The largest token changed hands at $94,673 as of 11:38 a.m. Friday in New York, partly paring a retreat of almost 3% from a day earlier. Smaller rivals including Ether and Dogecoin, a favorit
Montenegro has approved the extradition of a South Korean mogul known as “the cryptocurrency king” to the United States, the Balkan country's Justice Ministry said on Friday. Minister Bojan Bozovic has issued a deposition allowing the handover of Do Kwon, the founder of the Singapore crypto firm Terraform Labs who was arrested in Montenegro last year, according to the ministry. It was not immediately clear when exactly Kwon would be sent to the U.S.
Rail Vision Ltd. (NASDAQ:RVSN) saw its shares rise on Friday after announcing a major achievement in railway safety. The company revealed it had received certification approval for the installation of its MainLine Systems on Israel Railways’ passenger locomotives. This milestone triggers a $300,000 milestone payment and positions Rail Vision for potential future volume procurement from Israel Railways. CEO Shahar Hania emphasized that the certification demonstrates Rail Vision’s commitment to ex
NEW YORK/LONDON/SINGAPORE (Reuters) -Global stocks, the dollar and some Treasury yields looked set to wrap up Christmas week on Friday with minor retracements of broad up-trends, succumbing to a dearth of interest and participation heading into the last weekend of the year. The benchmark 10-year Treasury yield was up slightly but hovered below a near-eight-month high reached Thursday, while shorter-term Treasury yields eased. The U.S. dollar was headed for an almost 7% annual gain while Japan's yen was set for a fourth consecutive year of losses on Friday, as traders anticipated robust U.S. growth, as well as tax cuts, tariffs and deregulation by the incoming administration of President-elect Donald Trump, would make the Federal Reserve cautious on rate-cutting well into 2025.
