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Inflation Gives Fed Green Light for Rate Cut in December

(Bloomberg) -- Fresh inflation figures are likely to make the Federal Reserve more cautious about the pace of interest-rate cuts — but not quite yet.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersAmerican Institute of Architects CEO ResignsCloud Computing Tax Threatens Chicago’s Silicon Valley DreamCity Hall Is HiringSan Francisco, Paris Named Best Cities for Urban TransportationInvestors still widely expect the US central bank to cut borrowing costs by a quarter

A Crypto Tycoon and Luxury Property Investor's $36 Million Manhattan Glass Box Penthouse Gets Listed By Netflix Realty Star Ryan Serhant

Australian crypto entrepreneur Kain Warwick became famous for his company Synthetix. Still, there’s nothing fake about the glass Manhattan penthouse he has just listed through broker Ryan Serhant for $36.5 million. The home is a distinctive structure – a glass town house atop a limestone-sheathed nine-story condo building containing 10 luxury apartments. Comprising four levels and 7,500 square feet of interior space, the West Village home is mirrored by a similar structure on an opposing buildin

MicroStrategy's bitcoin-powered surge takes it closer to Nasdaq 100 doorstep

A meteoric rise in MicroStrategy's shares has made the bitcoin hoarder a likely candidate for the tech-heavy Nasdaq 100 index ahead of an annual reshuffle this week. The loss-making software company, an aggressive investor in the highly volatile cryptocurrency, has seen its shares soar nearly 500% this year, taking its market capitalization to $90 billion. It got a big boost after Donald Trump's U.S. election victory as investors expect the president-elect to make good on his promise of a crypto-friendly administration.

Exxon Raises Capital Spending as Worldwide Oil Glut Looms

(Bloomberg) -- Exxon Mobil Corp. will raise capital spending next year as its $60 billion purchase of Pioneer Natural Resources Co. increases its oil-production plans, threatening to worsen next year’s expected crude glut.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersAmerican Institute of Architects CEO ResignsCloud Computing Tax Threatens Chicago’s Silicon Valley DreamSan Francisco, Paris Named Best Cities for Urban TransportationDC Business Leaders Welcome Ret