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(Bloomberg) -- The private debt boom, central bank support, high Treasury yields and investor base changes are keeping credit spreads artificially tight, according to junk bond guru Marty Fridson.Most Read from BloombergNYC's Underground Steam System May Be Key to a Greener FutureTrump Promises Could Have Seismic Impact on Washington EconomyNYC Gets Historic Push for 80,000 Homes With $5 Billion PledgeNYC Mayor Adams Names Jessica Tisch to Lead Police Head Amid ProbesTokyo’s Scorching Summers Fo

Here’s how crypto market hours work and what you need to know before investing.

“For homes to be affordable, that’s going to have to happen,” Meredith Whitney recently said.

If capital gains taxes on American crypto tokens are eliminated, projects like Cardano, Solana, and Constellation (DAG) could see unprecedented growth. Here’s why these U.S.-based tokens are poised to win big.

A tight U.S. labor market is still adding to inflationary pressures, though less so than it did in 2022 and 2023, according to research published on Monday by the San Francisco Federal Reserve. "Declines in excess demand pushed inflation down almost three-quarters of a percentage point over the past two years," San Francisco Fed economists Regis Barnichon and Adam Hale Shapiro wrote in the regional Fed bank's latest Economic Letter. The finding, based on an analysis of the relationship between inflation and labor market heat as measured by the ratio of job openings to job seekers, could help inform Fed policymakers as they weigh how much further and at what pace to reduce short-term borrowing costs.

(Bloomberg) -- US Gulf Coast refineries are running the hardest for this time of the year in more than three decades as they rush to take advantage of strong fuel demand from Mexico and Brazil.Most Read from BloombergIn Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited LiftParis to Replace Parking Spaces With TreesAmtrak Wins $300 Million to Fix Its Unreliable NJ-to-NYC ServiceA Bug’s Eye View of Mexico City’s Modernist ArchitectureNew York’s Transit Agency Approves $9 Congestion Prici

Tesla stock is jumping on Monday as more news rolls in that CEO Elon Musk’s bet on President-elect Trump is paying off.

Stellantis' will adapt to changes in the U.S. car market expected under a Trump government, CEO Carlos Tavares said on Monday, with a platform that can offer electric, hybrid or gasoline versions of its models. President-elect Donald Trump's transition team is planning to kill the $7,500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, two sources with direct knowledge of the matter told Reuters last week. Ending the tax credit could have grave implications for an already stalling U.S. EV transition.

As crypto gains traction, traditional finance grapples with the need to adapt or risk obsolescence.