Why BlackRock is turning even more bullish on US stocks for next year
"Comparing today's index to that of the past is like comparing apples to oranges," BlackRock said in an outlook published this week.
Trump nominates cryptocurrency advocate Paul Atkins as SEC chair
President-elect Donald Trump announced Wednesday that he intends to nominate cryptocurrency advocate Paul Atkins to chair the Securities and Exchange Commission. Trump said Atkins, the CEO of Patomak Partners and a former SEC commissioner, was a “proven leader for common sense regulations.” In the years since leaving the SEC, Atkins has made the case against too much market regulation.
Bitcoin's Price Broke $100,000. What's Next?
The largest cryptocurrency by market cap shattered the price milestone late Wednesday and then continued rising.
Here's how a US trade war between Mexico, Canada, and China could play out for the stock market
Uncertainty will loom over markets even if Trump doesn't follow through with his trade proposals, and the impact could drag on S&P 500 earnings, analysts say.
There are 2 looming risks that could spark a serious correction for the stock market, Moody's chief economist says
High stock prices mean the risk of a market correction is rising, Moody's Mark Zandi said.
Political turmoil is roiling global markets as investors head into 2025
It's not just South Korea that is going through a period of political insecurity. Keep an eye on France, the Middle East, and even the US.
Analysts reboot Salesforce stock price targets after earnings
This is what could happen next to Salesforce shares.
Fed’s Daly Says No Sense of Urgency to Lower Interest Rates
(Bloomberg) -- Federal Reserve Bank of San Francisco President Mary Daly said there’s no sense of urgency to lower interest rates, emphasizing officials can “carefully calibrate” policy. Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic Jams“We do not need to be urgent,” Daly said Wednesday in an interview on PBS News Hour. “There’s no sense of urgency, but we do need to continue to carefully calibrate
Why Some of the Market's Favorite Altcoins Were Soaring Today
Since the U.S. presidential election, it's been something of a given among crypto-heads that the incoming administration will be relatively more favorable to their beloved industry. While Trump's Republican party has a thin majority in the Senate, the body that confirms the SEC chair nominee, it is nevertheless a majority. Plus, Atkins has significant experience in both the business and regulatory realms and isn't a particularly controversial pick -- in contrast to several of Trump's cabinet hopefuls.
South Korea government to activate market stabilization fund after martial law attempt
South Korea's Finance Ministry said on Thursday that the government will activate 40 trillion won ($28.35 billion) worth of market stabilization fund, after President Yoon Suk Yeol's lifting of a martial law declaration affected financial markets. The Bank of Korea may purchase government bonds and expand repo operations if needed, and the government is closely monitoring markets and will deploy measures according to contingency plans if needed, the Finance Ministry said in a statement. ($1 = 1,411.1300 won)