The market has exploded for buzzy meme coins, but risks run high.
Texas proposes strategic bitcoin reserve to fight inflation
Texas, home to the world's eighth-largest economy, may create a bitcoin treasury fund to hedge against inflation.
Fed rate view in focus as robust stocks year draws to close
A banner year for U.S. stocks gets one of its last big tests with the coming week’s Federal Reserve meeting, as investors await the central bank's guidance on interest rate cuts. The Nasdaq Composite index breached 20,000 for the first time ever in the past week, another milestone for equities in a year during which the tech-heavy index has gained 32% while the S&P 500 has risen about 27%. Expectations that the Fed will cut interest rates have supported those gains.
Fed Discount Window Needs ‘More Work’ to Lift Bank Participation
(Bloomberg) -- The Federal Reserve has taken steps to reduce the stigma that has long plagued its discount window, though recent surveys indicate banks are still hesitant to use the key backstop facility. Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfCity Hall Is HiringAmerican Institute of Architects CEO ResignsLondon’s Tube Fares Are Set to Rise by 4.6% Next YearPolicymakers and regulators want banks to be more comfortabl
Saylor’s MicroStrategy Scores Again With Nasdaq 100 Addition
(Bloomberg) -- MicroStrategy Inc., the dot-com-era software maker whose metamorphosis into a leveraged bet on Bitcoin has transfixed Wall Street, is joining the Nasdaq 100 Index, the benchmark’s overseer said Friday. Software company Palantir Technologies Inc. and Axon Enterprise Inc., a maker of Tasers and police body cameras, will also be added.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfCity Hall Is HiringAmerican Inst
U.S. bonds take back seat as Bitcoin hits new all-time high
Major portfolio shifts highlight enduring cryptocurrency opportunities, outpacing traditional bonds and ensuring future wealth preservation.
MicroStrategy secures Nasdaq-100 inclusion after bitcoin-fueled stock surge
The change comes into effect before the market opens on Dec. 23, Nasdaq said. Data analytics firm Palantir Technologies and Taser maker Axon Enterprise were added to the Nasdaq-100 Index along with MicroStrategy. Gene-sequencing equipment maker Illumina, AI server maker Super Micro Computer and vaccine maker Moderna were removed, Nasdaq said.
Palantir, MicroStrategy, and Axon Enterprise To Join Nasdaq 100
Palantir, MicroStrategy, and Axon Enterprise are set to join the Nasdaq 100 Index on Monday, Dec. 23, replacing Super Micro Computer, Moderna, and Illumina.
Mark Zuckerberg just cashed in another $153 million worth of Meta stock, adding to whopping $2 billion in sales this year
The Meta co-founder and CEO is cashing in on the company’s stock hitting an all-time high this year.
MicroStrategy to Enter Nasdaq 100, Exposing Bitcoin-Linked Stock to Billions in Passive Investment Flows
The self-described Bitcoin Development Company became one of the 75 largest non-financial firms in the Nasdaq after its explosive growth this year.