3 developments that could derail the stock market's post-Trump sugar high, BofA says
Though Bank of America expects continued stock market upside, three risks could upend the rally.
Though Bank of America expects continued stock market upside, three risks could upend the rally.
Large-cap stocks just saw their biggest-ever week of purchases, according to Bank of America data.
Super Micro Computer shares soared in extended trading Friday following reports the company is expected to file a plan by Monday that could help it avoid delisting.
An accounting method used to spread the cost of new technology over the course of years could end up causing problems for firms spending big on AI chips.
The filing marks the latest bid to transform crypto investment vehicles amid growing exchange-traded product adoption.
(Bloomberg) -- Federal Reserve Bank of Boston President Susan Collins said she sees inflation heading back to the central bank’s 2% goal even though the data may be volatile from month to month. 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 Emissions“I see a strong trajectory s
Stock indexes retreated as investors digested comments that the Fed is in no hurry to reduce interest rates.
(Bloomberg) -- JPMorgan Chase & Co.’s credit grade was raised one notch by S&P Global Ratings, which pointed to the bank’s ability to weather economic shifts after years of wresting market share from rivals.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 EmissionsS&P boosted the
Bitcoin enthusiasts meeting in El Salvador on Friday said a recent surge in the cryptocurrency's value since Donald Trump's U.S. election win has heightened their expectations the price will rise further and it will be adopted more broadly globally. Three years ago, President Nayib Bukele made El Salvador the first country in the world to establish Bitcoin as legal tender, alongside the U.S. dollar. The decision drew criticism from the International Monetary Fund, with whom the country is negotiating a $1.3 billion loan.
Donald Trump and the Republican Party at large had a strong 2024 election, winning the presidency, Senate and House. This almost certainly guarantees crypto legislation will advance and become law sometime in the next two years. It also heralds a potentially softer approach from regulators toward the sector.