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Milei Denies Wrongdoing in His First Defense of Crypto Debacle

(Bloomberg) -- President Javier Milei spoke out for the first time about a cryptocurrency scandal that’s dented his reputation in Argentina, triggering lawsuits and even calls for his impeachment.Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisProgressive Portland Plots a ComebackPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaA Filmmaker’s Surreal Journey Into His Own Private WinnipegHow to Build a Neurodiverse CityMilei confi

Should You Buy Bitcoin If There's a Dip Soon?

Let's evaluate the case for whether Bitcoin is a coin that's always worth buying on the dip, or whether it's a better idea to keep your cash when it isn't performing well. There's no law of the universe that says Bitcoin's price has to go up again after it falls significantly -- though it has tended to so far. Finally, you can't change anything about those facts, nor can you be certain that buying it is going to be a good rate of return on your capital even over long holding periods.

Fed's Waller: Uncertainty over trade, other policies, shouldn't paralyze rate moves

Federal Reserve Governor Christopher Waller said his "baseline" view is that the Trump administration's new tariffs will have only a modest impact on prices that the central bank should try to look through in setting monetary policy. Uncertainty about the impact of trade or other administration policies, Waller said, shouldn't stall the Fed from acting if it is otherwise appropriate, just as Russia's invasion of Ukraine in 2022 and the collapse of Silicon Valley Bank in 2023 did not prevent the Fed from changing interest rates even though both incidents raised doubts about the economic outlook.

UFP Industries’s (NASDAQ:UFPI) Q4 Sales Beat Estimates

Building materials manufacturer UFP Industries (NASDAQ:UFPI) reported Q4 CY2024 results beating Wall Street’s revenue expectations, but sales fell by 4.1% year on year to $1.46 billion. Its GAAP profit of $1.12 per share was 9.3% below analysts’ consensus estimates.

Europe Defense Spending Lifts Stocks, Hurts Bonds: Markets Wrap

(Bloomberg) -- European bonds slipped and shares in defense companies rallied on the likelihood of greater military spending, which could force governments to step up borrowing in the coming years.Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisProgressive Portland Plots a ComebackPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaA Filmmaker’s Surreal Journey Into His Own Private WinnipegHow to Build a Neurodiverse CityPrices for