(Bloomberg) -- The angry mutterings at the Permian Basin Petroleum Association’s “Spring Swing” golf tournament this week weren’t all about missed putts or lost balls. The Texas oilmen on the fairways had a more serious concern: The president they helped elect was tanking oil prices.The market rout sparked by President Donald Trump’s trade war is touching almost every part of the economy. But there are probably few industries feeling more aggrieved right now than US shale oil. Over the last 15 y
Stocks rip higher after Trump scales back tariffs
President Donald Trump’s tariff policy continued having a dizzying effect on global markets Wednesday, causing U.S. government borrowing costs to surge while stocks saw choppy trading as China ratcheted up retaliatory tariffs.
Pakistan turns to bitcoin miners, AI data centers to use surplus power
Pakistan plans to allocate part of its surplus electricity to Bitcoin mining and AI data centres, the head of Pakistan's Crypto Council and adviser to the finance minister said on Wednesday, adding it had held talks with several mining firms. Pakistan's energy sector is grappling with challenges, including high electricity tariffs and surplus generation capacity. The rapid expansion of solar energy has further complicated the landscape, as more consumers turn to alternative energy sources to mitigate high costs.
Bitcoin Price Retreats Sharply: Buy 3 Crypto-Centric Stocks on the Dip
Stocks like NVDA, HOOD and IBKR are poised to benefit once the Bitcoin rally resumes.
Apple, Starbucks upgraded: Wall Street's top analyst calls
Apple, Starbucks upgraded: Wall Street's top analyst calls
Bessent says 'convulsions' in bond market not 'systemic'
Treasury Secretary Scott Bessent on Wednesday attributed the chaos in the bond market to some "very large leveraged players" that are experiencing losses but said it is "nothing systemic."
Short sellers mint $159 billion profit in 6 days as stocks sink
(Bloomberg) -- Short sellers, or traders who wager on share price declines, are up $159 billion in paper profits over just six trading days after an escalating trade war sent the US stock market plummeting down more than 10%. The biggest market drawdown since 2022 on President Donald Trump’s pronouncement of sweeping worldwide tariffs made bets against an exchange traded fund tracking the S&P 500 Index, known as SPY, the most profitable short bet in that timeframe, according to data from S3 Part
This Bitcoin Hedge Fund Is Taking Treasuries Companies Global: Blockspace
UTXO Management, the investing arm of BTC Inc., of Bitcoin Magazine and Bitcoin Conference fame, was top five of all hedge funds in 2024, according to HFR. Now it wants to put a bitcoin treasury company (like Metaplanet) in markets across the world.
1 Small-Cap Stock with Exciting Potential and 2 to Approach with Caution
Small-cap stocks can be incredibly lucrative investments because their lack of analyst coverage leads to frequent mispricings. However, these businesses (and their stock prices) often stay small because their subscale operations make it harder to expand their competitive moats.
2 of Wall Street’s Favorite Stocks with Exciting Potential and 1 to Keep Off Your Radar
The stocks in this article have caught Wall Street’s attention in a big way, with price targets implying returns above 20%. But investors should take these forecasts with a grain of salt because analysts typically say nice things about companies so their firms can win business in other product lines like M&A advisory.