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S&P 500 on Track for 6,500, Says Citi – Here Are 2 Stocks Poised to Climb Along

With the 2024 election behind us, conventional wisdom suggests a second Trump administration may aim to replicate the economic playbook of the first. This approach is expected to feature a blend of pro-business deregulation and elements of protectionism. Citigroup head of US equity strategy Scott Chronert is keeping a close eye on the evolving economic landscape and leans toward an optimistic outlook – while acknowledging the inherent risks. “We maintain a positive view on US equities headed int

Xiaomi’s 101% Rally Puts EV Dark Horse on Brink of Stock Record

(Bloomberg) -- Xiaomi Corp. is rapidly closing in on a new all-time-high share price, having cracked the crowded market for electric vehicles in a repeat of its earlier success with smartphones.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsIts stock has surged 101% this year, outpacing global peers, on the

Abu Dhabi Global Market plans China roadshow to boost financial ties

Abu Dhabi's financial centre, the Abu Dhabi Global Market (ADGM), will conduct a roadshow in China in mid-February to respond to "overwhelming interest" from businesses to set up shop in the capital of the United Arab Emirates, according to its market development head. The planned trip follows a July roadshow that visited Shanghai and Hong Kong. During next year's edition, senior executives of the ADGM, among others, are expected to stop by Beijing, Shanghai, Shenzhen and Hong Kong. "There are d

Why Altcoins Were Thrashing the Market on Thursday

Among the many seeing notable improvements in price were Chainlink (CRYPTO: LINK), with a rise of almost 21% from 4 p.m. ET. More than a few investors, it seems, continue to believe there's more upside with other coins and tokens. Meanwhile, president-elect Donald Trump provided his latest signal that the incoming administration would be relatively crypto-friendly.

Peru Keeps Key Interest Rate at 5% After Inflation Accelerates

(Bloomberg) -- Peru kept borrowing costs unchanged at its December meeting, after both headline and core inflation accelerated last month.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsCloud Computing Tax Threatens Chicago’s Silicon Valley DreamThe central bank kept its key interest rate at 5% on Thursday, as forecast by nine of 12 analysts surveye

European Equities Set for Another Year in Wall Street’s Shadow

(Bloomberg) -- European stock bulls looking for the region’s equities to close the gap on superior returns in the US next year are set for disappointment.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsCloud Computing Tax Threatens Chicago’s Silicon Valley DreamThe Stoxx Europe 600 Index will end 2025 at 535 points, Bloomberg’s survey of 20 strategi