Bitcoin ETFs Draw $5.5B With Two Weeks Left in December
Bitcoin ETF inflows have pulled in billions so far this month as cryptocurrency sets new records.
Gold Falls Alongside Stocks, Commodities Ahead of Fed Decision
(Bloomberg) -- Gold slipped along with most commodities and equity markets, as traders face a rush of interest-rate decisions by major central banks, including the US Federal Reserve.Most Read from BloombergHow California Sees the World, and ItselfLondon’s Tube Fares Are Set to Rise by 4.6% Next YearBullion traded near $2,640 an ounce, after notching a modest gain in the previous session as investors parsed mixed US data. Activity at US service providers expanded at the fastest pace since Octobe
Flight From Chip Risks Boosts Japan’s Gaming Stocks Ahead of Trump
(Bloomberg) -- Japanese gaming stocks are emerging as unlikely winners from Donald Trump’s election, as tech investors seek less exposure to trade uncertainties swirling around China-dependent chipmaking gear companies.Most Read from BloombergHow California Sees the World, and ItselfLondon’s Tube Fares Are Set to Rise by 4.6% Next YearShares of console and software makers like Sony Group Corp., Nintendo Co. and Capcom Co. have seen double-digit returns since Trump won the US presidential vote in
Northeast Towns Outside Major Metros Among Most Popular Markets in 2024, Zillow Says
US cities in the Northeast dominated Zillow's (Z, ZG) list of 10 most-popular markets of 2024 as aff
Bitcoin Sets Another All-Time High in Climb Toward $110,000
(Bloomberg) -- Bitcoin reached an all-time high for a second consecutive day, with traders eyeing the $110,000 price level. Most Read from BloombergHow California Sees the World, and ItselfLondon’s Tube Fares Are Set to Rise by 4.6% Next YearThe original cryptocurrency rose as much as 2.1% to $108,315 on Tuesday, before retreating back to its price at the start of the day around $106,000. It has surged more than 150% this year, and traders are increasing bets for further gains in the options mar
Megacap Tech Stocks Have Gotten Too Big for Nasdaq 100 Again
(Bloomberg) -- Only a year after having their size clipped in the Nasdaq 100 because they got too big, the world’s largest technology companies may face another pruning when the marquee benchmark rebalances this week.Most Read from BloombergHow California Sees the World, and ItselfLondon’s Tube Fares Are Set to Rise by 4.6% Next YearAt issue are regulations designed to cap the influence of the biggest members in the gauge — rules that have been put under stress after companies like Apple Inc. an
Apple stock hits record high as JPMorgan dismisses AI worries
Consumers appear to be largely underwhelmed thus far by the rollout of Apple Intelligence on the new iPhone 16.
Oil prices ease 1% to one-week low on weak Chinese, German economic data
NEW YORK (Reuters) -Oil prices eased about 1% to a one-week low on Tuesday on demand worries following the release of negative economic news from Germany and China, while investors remained cautious ahead of a U.S. Federal Reserve decision on interest rates. Brent futures fell 72 cents, or 1.0%, to settle at $73.19 a barrel, while U.S. West Texas Intermediate crude slipped 63 cents, or 0.9%, to settle at $70.08. In China, the world's second-biggest economy, industrial output growth quickened slightly in November, while retail sales disappointed, keeping alive calls for Beijing to ramp up consumer-focused stimulus as policymakers brace for more U.S. trade tariffs once President-elect Donald Trump takes office for a second time.
Oil Dips as Equity Market Weakness, Chinese Data Weigh on Prices
(Bloomberg) -- Oil fell for a second day after Chinese economic data stoked concerns about demand and equity markets slipped. Most Read from BloombergHow California Sees the World, and ItselfLondon’s Tube Fares Are Set to Rise by 4.6% Next YearWest Texas Intermediate dropped almost 1% to settle near $70 a barrel, while Brent slid to around $73. Equities retreated in most regions, adding to the pressure on crude from weak Chinese refining and retail sales numbers on Monday. Traders are also await
Fed Meetings Made Stock Traders Richer In 2024: Could Wednesday Bring Last Big Rally?
The U.S. stock market has generally delivered solid gains around Federal Reserve meetings in 2024, signaling investor optimism as the central bank prepares for its final policy decision of the year on Wednesday. An investor adopting a short-term long strategy — buying the S&P 500 index at market close the day before a Fed meeting and selling at the close the day after — would have realized a median return of 1.1% over the last seven meetings. According to data compiled by Seasonax, this strategy