• Dec 23, 2024

Singapore Pulls Ahead of Hong Kong in Race to Be Crypto Hub

(Bloomberg) -- Singapore forged ahead with efforts to formulate a digital-assets hub in 2024, while rival financial center Hong Kong has struggled to gain traction. Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayThe Architects Who Built MiamiReviving a Little-Known Modernist Landmark in BuffaloNew York’s Congestion Pricing Plan Still Faces Legal HurdlesNew York City’s Historic Preservation Movement Is Having a Midlife CrisisSingapore doled out 13 crypto licen

• Dec 23, 2024

Why Cryptocurrencies Bitcoin, Dogecoin, and XRP Are Stumbling Today

Cryptocurrencies fell this weekend and into today, as investors grappled with a potentially more hawkish Federal Reserve, which could lead to fewer rate cuts than hoped for in 2025. The price of Bitcoin (CRYPTO: BTC), the world's largest cryptocurrency, traded about 4% lower from late afternoon but also fell significantly over the weekend. The price of Dogecoin (CRYPTO: DOGE) traded 3.2% lower, while XRP (CRYPTO: XRP) had fallen 3.1%.

• Dec 23, 2024

Catastrophe-Bond Issuance Pushes Overall Market to Almost $50 Billion

(Bloomberg) -- Catastrophe-bond issuance rose to a record this year, increasing the overall market to almost $50 billion, as insurers transferred more risk from costly climate disasters to private investors.Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayThe Architects Who Built MiamiReviving a Little-Known Modernist Landmark in BuffaloNew York’s Congestion Pricing Plan Still Faces Legal HurdlesNew York City’s Historic Preservation Movement Is Having a Midlife

• Dec 23, 2024

Tesla, Meta and Broadcom Weights Shrink in Nasdaq 100 Rebalance

(Bloomberg) -- Three of the world’s biggest companies have had their influence reduced in the Nasdaq 100 Index after the giant technology rally of 2024 swelled them to unprecedented size.Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayThe Architects Who Built MiamiReviving a Little-Known Modernist Landmark in BuffaloNew York’s Congestion Pricing Plan Still Faces Legal HurdlesNew York City’s Historic Preservation Movement Is Having a Midlife CrisisTesla Inc., M

• Dec 23, 2024

Sleep Apnea Device Maker Stocks Slide on FDA Ruling for Eli Lilly's Zepbound

Shares of ResMed and Inspire Medical Systems fell after the FDA approved Eli Lilly's weight-loss drug Zepbound to treat moderate-to-severe obstructive sleep apnea in adults with obesity.

• Dec 23, 2024

IRS Calls Crypto Staking Taxable Amid Ongoing Lawsuit

The outcome of this case could set the tone for the broader regulatory environment surrounding proof-of-stake networks like Ethereum, Cosmos, and Polkadot.

• Dec 23, 2024

Market Grabs and Regulatory Jabs: Looking Back on China-Founded E-Commerce in 2024

From a changing consumer, to an unsteady regulatory environment and the entry of a heavy hitter, e-commerce has had to adapt to stay agile.

• Dec 23, 2024

Top Stock Movers Now: Broadcom, AMD, ResMed, and More

Major U.S. indexes were mixed at midday Monday to start the holiday-shortened trading week.

• Dec 23, 2024

Survey: Pros say stock market investors should brace for a slower pace of returns over coming year

Stock market pros expect more muted gains in 2025 compared to the past few years.

• Dec 23, 2024

Veteran trader says keep this stock in your portfolio in 2025

Veteran trader Stephen 'Sarge' Guilfoyle is placing his bets on a familiar technology name in 2025.