Bitcoin has crossed the $100,000 mark in 2024, a monumental achievement for the cryptocurrency that began as a fringe project of cypherpunks and tech enthusiasts.
Concerns of Volatility Rise as Altcoins Surge by Up to 99% and Bitcoin's Market Dominance Drops Below 55%
Hedera, IOTA, and JasmyCoin have shown significant growth in the cryptocurrency market since Nov. 1, recording gains of 99.31%, 79.61%, and 72.47%, respectively.
Pepe Coin Surges Past $11 Billion Market Cap, Overtakes Uniswap in Crypto Rankings
Pepe, the frog-themed meme coin, has surpassed $11 billion in market capitalization, briefly overtaking Uniswap’s token UNI, which holds a market cap of approximately $10.6 billion.
Options Giant Optiver Bets Japan’s Market Is About to Boom
(Bloomberg) -- Optiver is expanding its derivatives empire in Japan, where it aims to boost a single-stock options market that has so far been virtually non-existent.Most Read from BloombergA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectBrace for a Nationwide Shuffle of Corporate HeadquartersNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitThe speed trader, which has been dealing index con
South Korean Stocks, Won Slump as Political Crisis Deepens
(Bloomberg) -- South Korean stocks tumbled and the won approached its weakest level since 2009 following a weekend of political turmoil that left investors bracing for a period of heightened volatility. Most Read from BloombergA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectBrace for a Nationwide Shuffle of Corporate HeadquartersNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitThe benchmark
Yuan, Euro Slump Points to Losses for Emerging-Market Currencies
(Bloomberg) -- Losses in the Chinese yuan and the euro have picked up in recent months, and that is worsening the outlook for emerging-market currencies in Asia and Europe.Most Read from BloombergA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectBrace for a Nationwide Shuffle of Corporate HeadquartersNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitThat’s because the yuan and euro play a role
Oppenheimer’s Stoltzfus New Top S&P 500 Bull With 7,100 Target
(Bloomberg) -- The S&P 500 will extend its record-setting rally to 7,100 by the end of next year amid a strong economy, according to Oppenheimer Asset Management, whose outlook is now the most bullish among peers.Most Read from BloombergA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitFundamentals “suggest the current resilience of the economy
Analysis-To Europe's economic malaise, add a leadership void
France and Germany's political crises are a setback for efforts to modernise Europe's struggling economy and are already making it harder for companies to take the investment decisions they need to compete globally. Government collapses in Germany and France - the big two economies that for decades have powered the European Union - come just as the region must navigate the return of Donald Trump to the White House and mounting trade tensions with China. From French cognac-makers facing Chinese duties to German component manufacturers awaiting clarity on Europe's industrial strategy for electric vehicles, the timing could not be worse.
Analysis-Strong momentum makes it hard to bet against ‘freight train’ US stock rally
A relentless rally in U.S. stocks is showing few signs of slowing into year-end, even as rising valuations and signs of excessive speculation fuel worries that a pullback may be overdue. The S&P 500 notched its 57th record close of the year on Friday and is up nearly 28% in 2024, driven by a robust U.S. economy, expectations of lower interest rates and excitement over the tax cuts and deregulation promised by President-elect Donald Trump. The S&P 500 has gone over 13 months without straying 10% or more from its record high, the longest such streak in nearly three years.
UBS CEO Warns Markets Risk Being Rattled by Tariffs, Politics
(Bloomberg) -- The incoming US administration’s potential move to raise tariffs on trading partners could combine with conflicts around the globe to increase risk in financial markets next year, according to the chief executive of UBS Group AG. Most Read from BloombergA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectBrace for a Nationwide Shuffle of Corporate HeadquartersNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long,