BlackRock Adds Spot Bitcoin ETF IBIT to Model Portfolios
BlackRock has added its spot bitcoin ETF IBIT to two of its model portfolios.
Senator Cynthia Lummis buys drinks with cash: ‘I spend dollars and save Bitcoin’
Senator Cynthia Lummis buys drinks with cash: ‘I spend dollars and save Bitcoin’
Stock of the Day: Dell tumbles 7% after earnings as investors scrutinize AI profit margins
As the AI boom cycle matures, investors are shifting their focus away from top-line revenue growth and toward bottom-line profits.
US Stagflation Fears Rise With Latest Economic Data
(Bloomberg) -- A string of recent US data showing resurgent inflation and slowing activity is stoking fears the world’s biggest economy could be heading toward a period of stagflation. Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyThe Trump Administration Takes Aim at Transportation ResearchRemembering the Landscape Architect Who Embraced the CityShelters Await Billions in Federal Money for Homelessness ProvidersNYC Office Buildings See Resurgence as Inves
British Airways owner's stock is flying high as strong demand for air travel boosts IAG profits
IAG, the owner of airlines including British Airways, Iberia and Aer Lingus, reported a 27% rise in annual operating profit to 4.4 billion euros.
Bitcoin falls nearly 17% in February to cap worst month since June 2022
Bitcoin fell roughly 17% in February to around $84,000 — the cryptocurrency's biggest drop over one month since June 2022.
Bitcoin Slide From All-Time High Hits 28% as Crypto Rout Worsens
(Bloomberg) -- A week-long rout in Bitcoin deepened amid the recent broader retreat from risky assets in the wake of US President Donald Trump’s tariff threats and crypto sector turmoil, marking a dramatic reality check for one of the most popular Trump trades.Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyThe Trump Administration Takes Aim at Transportation ResearchShelters Await Billions in Federal Money for Homelessness ProvidersNYC Office Buildings See
Big-Picture Uncertainty Takes a Crypto Toll
Cryptocurrencies have had an incredible run over the past few months, but that's coming to an end as many altcoins are crashing this week. According to data provided by S&P Global Market Intelligence, Solana (CRYPTO: SOL) had dropped 14.5% over the past week as of 4 p.m. ET, Chainlink (CRYPTO: LINK) was down 15.9%, Sui (CRYPTO: SUI) had fallen 14.9%, and Cardano (CRYPTO: ADA) was down 17.4%. President Donald Trump said tariffs on imports from China, Canada, and Mexico could begin next week and more may be coming.
Bessent Says Housing Will ‘Unfreeze’ in Weeks, Sees 2% Inflation
(Bloomberg) -- Treasury Secretary Scott Bessent said he expects the US housing market to pick up steam after recent indicators came in below forecasts, and sees potential for inflation to return to the Federal Reserve’s 2% target “quickly.”Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyThe Trump Administration Takes Aim at Transportation ResearchRemembering the Landscape Architect Who Embraced the CityShelters Await Billions in Federal Money for Homelessnes
Hedge funds ramp up bets on falling stocks
Global hedge funds sold more stocks than they bought by the largest amount in a year, mainly driven by their bets that stocks will drop, a Goldman Sachs note showed on Friday. Goldman Sachs said the gloomy sentiment was spread across all geographic regions, but mainly in North America and part of Asia, and was seen in almost all company sectors, except for communications services. In healthcare, net selling by hedge funds was entirely driven by short positions and ranked close to the highest level seen over the past five years.