• Dec 04, 2024

Goldman Sachs Says These 2 Steel Stocks Are a ‘Buy’ Amid Improving Fundamentals

The art of stock investing lies in identifying the right equities to buy. One effective approach is focusing on core economic sectors – industries that sustain the foundations of modern life. Among these, basic commodities like steel play a crucial role, serving as the building blocks of countless essential activities. While steel is highly cyclical, it’s also a key material in multiple essential industries – the automotive, machinery, and construction markets, to name just a few, all depend on

  • Dec 04, 2024

German Christmas markets get creative as prices hit new highs

For Eva Henschke, Germany's Christmas markets are a chance to temporarily forget about the colder, darker days with a hot mug of mulled wine or eggnog and a bratwurst off the grill. As costs for festive treats at traditional Christmas markets hit record highs in Germany, traders are unwrapping new strategies, such as all-inclusive tickets and special themes, to keep attracting locals and tourists alike. For those who want unlimited mulled wine and as many German specialities as possible without worrying about costs, the Christmas Market at the Spree offers all-inclusive tickets starting from 29.90 euros ($31.48) - for those willing to go after 8 p.m. and during the week.

  • Dec 04, 2024

Wall Street parties like it's 1998 as AI fuels gains unmatched since dot-com era

The S&P 500 is on track to close 2024 with a gain of nearly 27%, after setting 50 record highs this year. Super Micro Computer, which makes servers used in AI and other computing, has jumped nearly 48% this year after more than tripling last year. The market rose again in 1999, by 19.5%, as the economy kept growing and the dot-com bubble inflated.

  • Dec 04, 2024

President-Elect Donald Trump Is Poised to Make This Holiday Season Extra Special for Bitcoin, XRP, and the Rest of the Crypto-verse

While Bitcoin (CRYPTO: BTC), the world's largest cryptocurrency, has performed well all year, the rest of the crypto-verse has President-elect Donald Trump to thank. Crypto prices started moving significantly higher in the weeks leading up to the election, as the betting odds favored Trump winning the election. The good news keeps coming for crypto, and Trump is poised to make this holiday season extra special for Bitcoin and the rest of the crypto-verse.

  • Dec 04, 2024

OPEC+ Has Agreement in Principle to Delay Oil Output Hike

(Bloomberg) -- OPEC+ already has an agreement in principle to postpone planned January production increase, with discussions continuing about the duration of the delay, delegates said. Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionKansas City Looks Back on its Long, Costly Ride With MicrotransitRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsMinisters from the group will meet online later on Thursday to finalize details of the accord, with th

  • Dec 04, 2024

Michael Saylor's Bitcoin Strategy Drives MicroStrategy's 490% Surge, Hedge Fund CIO Says It's An 'Extreme Example' Of Volatility Monetization

MicroStrategy Inc. (NASDAQ:MSTR) is attracting hedge fund interest through its convertible notes offerings, as co-founder Michael Saylor continues his aggressive Bitcoin (CRYPTO: BTC) purchase strategy that has driven the company’s stock up more than 490% this year, as of Wednesday. What Happened: Calamos Advisors LLC, among other major hedge funds, has appeared as a key player in MicroStrategy’s $6 billion convertible note issuance this year, reported Bloomberg. These notes, created to finance