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  • Dec 17, 2024

Crypto.com CEO Met Trump at Mar-a-Lago as Industry Seeks Influence in New Administration

(Bloomberg) -- Executives in the digital-asset industry are joining the ranks of tech CEOs making the pilgrimage to Mar-a-Lago to meet with President-elect Donald Trump before his impending return to the White House.Most Read from BloombergHow California Sees the World, and ItselfKris Marszalek, Chief Executive Officer of crypto exchange Crypto.com, met with Trump at the Florida golf resort on Monday. The pair discussed appointments related to the crypto industry, including in financial departme

  • Dec 17, 2024

Economists Boost 2025 US Inflation Forecast on Tariff Concerns

(Bloomberg) -- Economists raised their projections for US inflation next year on tariff concerns and now expect one less interest-rate cut from the Federal Reserve than they anticipated a month ago.Most Read from BloombergHow California Sees the World, and ItselfHong Kong's Expat Party Hub Reshaped by Chinese InfluxLondon’s Tube Fares Are Set to Rise by 4.6% Next YearAccording to the latest Bloomberg monthly survey of economists, the annual core personal consumption expenditures price index — wh

  • Dec 17, 2024

MicroStrategy’s Nasdaq Entry Kicks Off New Era of Momentum Risk

(Bloomberg) -- MicroStrategy Inc.’s entry into the Nasdaq 100 opens up the largest corporate holder of Bitcoin to a new — and untapped – investor: the index-tracking juggernauts. Most Read from BloombergHow California Sees the World, and ItselfYet Wall Street pros warn the oncoming march of these price-insensitive investors threatens a new source of vulnerability in a stock that has soared more than 500% this year on booming demand from retail investors, as well as hedge funds capitalizing on it

  • Dec 17, 2024

Nucor's Q4 Guidance Misses The Mark, Hit By Steel Slowdown; Stock Slides

Nucor Corporation (NYSE:NUE) shares are trading lower premarket today. On Monday, the company provided fourth-quarter guidance, expecting EPS of $0.55 – $0.65 vs. the consensus of $0.86. The primary factor driving the expected earnings decline is lower earnings in the steel mills segment due to decreased volumes and lower average selling prices. The company projects earnings in the steel products segment to decline, reflecting the same trends. However, the raw materials segment is anticipated to

  • Dec 17, 2024

German Business Outlook Slumps Amid Economic Uncertainty

(Bloomberg) -- German business expectations sank in December, highlighting the challenges for Europe’s top economy with snap elections likely to bring a change of government.Most Read from BloombergHow California Sees the World, and ItselfHong Kong's Expat Party Hub Reshaped by Chinese InfluxLondon’s Tube Fares Are Set to Rise by 4.6% Next YearAn expectations gauge by the Ifo institute slumped to 84.4 from 87, the Ifo institute said Tuesday. Analysts polled by Bloomberg had predicted a slight up

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