(Bloomberg) -- Bitcoin fell below $100,000 as the Federal Reserve’s cautious outlook for interest-rate cuts hurt speculative investments.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalThe largest digital asset slipped as low as 4% to $96,789 on Thursday in New York — more than $10,000 shy of the record high set on Tuesday
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US Yield Curve Is Steepest Since 2022 After Fed’s Rate-Cut Shift
(Bloomberg) -- Longer-dated US Treasuries weakened Thursday, propelling the yield curve to steepen to a level last seen about 30 months ago following the Federal Reserve’s hawkish interest-rate easing and projections for fewer rate cuts next year. Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalThe two-year yield was lower
Equities Rise Intraday as Markets Weigh Macro Data, Corporate Earnings
US benchmark equity indexes were higher intraday as markets evaluated the latest economic data and c
Wall Street’s Next Test After Fed: $6.5 Trillion ‘Triple-Witching’
(Bloomberg) -- As Wall Street traders come to grips with the Federal Reserve’s plans to slow the pace of interest-rate cuts, Friday’s US options expiration that has historically stoked turbulence offers a final hurdle to end-of-year calm.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalThe quarterly “triple-witching” will s
Analysts unveils stock market game plans after Fed-driven tumble
Market veterans break down the story behind the market's recent tumble.
It's Time to Buy the Dip on Carvana Stock
Carvana stock could rocket back toward three-year highs, if past is precedent
Cintas Stock Sinks on Drop in Uniform Direct Sales
Cintas shares tumbled Thursday as the provider of uniforms and other business supplies reported a decline in direct sales of its uniforms and warned about pricing.
Stock market outlook for 2025: 4 experts weigh in
The year ahead promises to be interesting for investors. We explore what experts say about the competing dynamics in 2025 and their impact on different areas of the stock market.
El Salvador says it will keep buying bitcoin despite IMF warning
SAN SALVADOR (Reuters) -El Salvador said on Thursday it would keep buying bitcoin, possibly at an accelerated pace, a day after the government reached a financing agreement with the International Monetary Fund that had said it should limit its exposure to the cryptocurrency. Stacy Herbert, El Salvador's national bitcoin office director, wrote on X that bitcoin would remain legal tender in the Central American country, and that the government would keep adding to its strategic reserves.