• Dec 09, 2024

New Mexico's oil income investments now surpass personal income tax revenue

Efforts by New Mexico to save and invest portions of a financial windfall from local oil production are paying off as state government income on investments surpasses personal income tax collections for the first time, according to a new forecast Monday. General fund income from the state's two, multibillion-dollar permanent funds and interest on treasury accounts is expected to climb to $2.1 billion for the fiscal year between July 2024 and June 2025, surpassing $2 billion in revenue from personal income taxes. The investment earnings are designed to ensure that critical programs — ranging from childcare subsidies to tuition-free college and trade school education — endure if oil income falters amid a possible transition to new sources of energy.

• Dec 09, 2024

The last major Wall Street S&P 500 forecast has arrived. Here’s what Citi expects.

Citigroup is predicting the S 500 will reach 6,500 for 2025, but that comes with a warning that investors face more volatility.

• Dec 09, 2024

Why the market is underestimating how close crypto is to tokenizing TradFi

Web3 is getting closer and closer to tokenizing traditional market plumbing as a trading revolution intensifies.

• Dec 09, 2024

Trash or treasure? Dumped index stocks could be investing opportunity

Index deletions lag the market by more than half in the year leading up to their removal from an index, but they historically outperform the market for at least five years after the breakup.

• Dec 09, 2024

Could Trump’s strategic reserve fund redefine financial markets and Bitcoin’s rising trend?

Strategic policies and Bitcoin’s bullish momentum highlight the intersection of innovation and investment.

• Dec 09, 2024

S&P unveils new stocks added to the S&P 500

Stocks are being removed and added to the S&P 500 on December 23.

• Dec 09, 2024

Stock market today: Rally stalls as Nvidia slips and investors await latest inflation data

"Recent Fed speak suggests it will be a live meeting and cuts beyond December aren't a guarantee," Bank of America said.

• Dec 09, 2024

Buy the Dip in Coinbase (COIN) Stock as Bitcoin Slides Below $100K?

Coinbase Global (COIN) appears to be taking advantage of the growing optimism and support for Bitcoin among other cryptocurrencies.

• Dec 09, 2024

Younger workers increasingly want crypto paychecks, study finds

Almost 40% of surveyed Gen Z workers would not mind taking their next paycheck in cryptocurrency.

• Dec 09, 2024

Global, US stocks fall; oil, gold rise over 1% on geopolitical risk

Global shares turned lower on Monday as traders focused on U.S. inflation data and chip stocks fell, while Beijing's promise of stimulus and the sudden collapse of the Syrian government boosted oil and gold prices more than 1%. U.S. inflation data this week could cement a December interest rate cut by the Federal Reserve at its meeting next week. China's decision on Monday to alter the wording of its stance toward monetary policy for the first time since 2010 helped global sentiment.