(Bloomberg) -- Chinese steel output recovered in October, snapping four months of declines, as sentiment brightens following Beijing’s efforts to rekindle economic growth.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and EmissionsHealthier margins allowed steelmakers to churn out m
Dollar eyes weekly gain on slower Fed easing, inflation outlook
The dollar was headed for its best week in more than a month on Friday, buoyed by expectations of fewer Federal Reserve rate cuts and the view that Donald Trump's policies could further stoke inflation when he assumes office in January. Fed Chair Jerome Powell said on Thursday the central bank does not need to rush to lower interest rates, citing ongoing economic growth, a solid job market and sticky inflation as reasons for caution against easing policy too quickly. Traders reacted by paring bets of the pace and scale of future U.S. rate cuts, with Fed funds futures now implying just 71 basis points worth of easing by end-2025.
Trump's AG Pick Matt Gaetz Once Proposed Collecting Federal Income Taxes In Bitcoin, Along With Co-sponsoring Bill To Abolish The Fed
President-elect Donald Trump has picked Rep. Matt Gaetz (R-Fla.) as the nominee for attorney general under the incoming administration. A controversial figure, Gaetz has been known for pushing radical proposals in favor of cryptocurrencies, especially Bitcoin (CRYPTO: BTC). Don't Miss: Over the last five years, the price of gold has increased by approximately 83% — Investors like Bill O’Reilly and Rudy Giuliani are using this platform to create customized gold IRAs to help shield their savings f
Why billionaire investor David Einhorn is loading up on a struggling agriculture stock 'no one cares about'
The famous value investor is buying up a stock he expects to rebound due to a coming agricultural boom cycle.
3 drivers of the stock market's bull rally are hitting extremes and point to lower returns ahead, economist says
"There are few drivers left to keep the equity party going," economist David Rosenberg said.
Republican State AGs and DeFi Lobby Sue SEC Over Crypto Enforcement Actions
A group of state attorneys general and the DeFi Education Fund filed a lawsuit against the U.S. Securities and Exchange Commission and its five commissioners alleging the regulatory agency was overstepping its bounds in bringing enforcement actions against crypto exchanges.
Disney stock surges as rare 3-year forecast sees strong profit growth ahead
Disney rallied after earnings, as investors got a rare three-year forecast that showed the company expects double-digit earnings growth in 2026 and 2027.
US man sentenced to 5 years over laundering crypto stolen from Bitfinex hack
A New York technology entrepreneur was sentenced to five years in prison on Thursday after pleading guilty last year to laundering funds stolen from Bitfinex one of the world's largest cryptocurrency exchanges, with the help of his wife. Ilya Lichtenstein, 35, hacked into Bitfinex's network in 2016, using advanced hacking tools and techniques, and stole about 120,000 bitcoin, the U.S. Justice Department said in a statement. He and his wife Heather Morgan, who used the hip-hop alias "Razzklekhan" to promote her music, were arrested in February 2022.
Buffett's Berkshire Buys Shares of Domino's Pizza and Pool Corp., Dumps Apple Stock
Warren Buffett's Berkshire Hathaway took stakes in Domino's Pizza and swimming pool supplier Pool Corp. in the third quarter while continuing to trim stakes in longtime holdings Apple and Bank of America.
Why a strengthening US dollar could spark instability in global markets in Trump's 2nd term
The greenback could become "obviously overvalued" during Trump's term, a think tank expert wrote this week.