S&P 500 Gains and Losses Today: Palantir Stock Jumps as Listing Heads to Nasdaq
The S&P 500 fell 1.3% on Friday, Nov. 15, after the Fed chair struck a cautious tone about additional rate cuts and a report showed strong retail sales in October.
South Africa’s Outlook Turns Positive at S&P on Growth View
(Bloomberg) -- South Africa’s prospects for a credit rating upgrade improved after S&P Global Ratings lifted the nation’s outlook on its debt to positive from stable.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“The positive outlook reflects our view that increased po
SEC Sued by 18 Republican States Over Crypto Authority
Gensler defended SEC’s work in crypto in a speech Thursday.
Ireland Rating Outlook Raised to Positive by S&P on Tax Receipts
(Bloomberg) -- S&P Global Ratings put a positive outlook on Ireland’s credit rating, underscoring just how robust the country’s finances are ahead of next month’s general election.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 EmissionsThe ratings firm expects Ireland to use pro
Millennium, Capula, Tudor pile bitcoin ETFs into portfolios
Hedge funds including Millennium Management, Capula Management and Tudor Investment increased their exposure to U.S. spot bitcoin exchange-traded funds in the third quarter, securities filings showed, as a popular election-driven arbitrage trade ramped up. The cryptocurrency surpassed the $90,000 level to reach an all-time high earlier this week, although it has pared gains. During the election price volatility, some hedge funds have been taking advantage of a price difference between spot bitcoin and its derivatives in the futures market in a leveraged trade, according to analysts.
Richmond Fed’s Barkin expects inflation will fall into next year, hints at slowing rate-cut pace
Richmond Fed president Tom Barkin said Friday that he expects inflation will continue to drop into next year and hinted at slowing down the pace of rate cuts.
MicroStrategy’s Michael Saylor to host New Year’s Eve party if bitcoin hits $100,000
The bitcoin maximalist is bullish on the cryptocurrency in the aftermath of Trump's successful White House bid.
New York judge rejects state efforts to shutter bitcoin mine over climate concerns
A cryptocurrency plant in central New York can continue operating after a court rejected the state’s effort to shutter the facility over concerns about its climate impact. The decision was hailed as a victory by Greenidge Generation, a large-scale crypto mine in the Finger Lakes region that has drawn the ire of environmental groups and watchdogs since it began mining bitcoin four years ago. Like other large-scale crypto-mining operations, Greenidge relies on thousands of electricity-guzzling computer servers that generate bitcoin by solving complex equations.
Hacker sentenced over bitcoin theft worth billions
A bitcoin hack that's now worth billions of dollars and a scheme to launder those proceeds resulted in Ilya Lichtenstein being sentenced to five years in prison.
Bank Clients Just Dipped Their Toes Into Bitcoin ETFs, but Q4 Could See a FOMO Spike
Wealth management clients of Wall Street banks like Goldman Sachs, Bank of America, Morgan Stanley in the third quarter continued to modestly accumulate (or trade) bitcoin via the spot bitcoin exchange-traded funds.