David Sacks Responds to U.S. Crypto Reserve Conflict of Interest Allegations
The president's AI and crypto czar says he's sold his crypto positions, but questions still remain about his other investments.
Why Are European Stocks Beating the S&P 500 This Year?
So far this year, European equities have outperformed U.S. stocks by the widest margin since 2000 amid optimism about a stabilizing economy, and the prospect of increased fiscal stimulus and an end to war in Ukraine.
Why DoubleVerify (DV) Stock Is Trading Up Today
Shares of digital media measurement and analytics provider DoubleVerify (NYSE:DV) jumped 10.4% in the afternoon session after the stock rebounded from its large post-earnings drop as Bank of America upgraded its rating from Sell to Hold, citing limited downsides, given the combination of "conservative guidance, forthcoming product cycles, and a duopoly position in the ad verification market." The large post-earnings drop is likely spurring some investors to look at the name and re-assess at the
Musalem Says Inflation Expectations Key If Fed’s Goals Conflict
(Bloomberg) -- Federal Reserve Bank of St. Louis President Alberto Musalem said that while he anticipates price growth to moderate toward the central bank’s 2% goal, it is vital for policymakers to keep inflation expectations in check.Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyHow Upzoning in Cambridge Broke the YIMBY MoldRemembering the Landscape Architect Who Embraced the CityNYC Office Buildings See Resurgence as Investors Pile Into BondsHong Kong Jo
Sunnova’s 71% Stock Plunge Heralds US Solar State of ‘Chaos’
(Bloomberg) -- Sunnova Energy International Inc. shares plunged 71% as the company warned there’s substantial doubt it will remain in business. That came less than a week after First Solar Inc., the biggest US solar manufacturer, said it was seeing increasing customer delays. And it was also on the heels of Sunrun Inc., the biggest US residential solar company, saying it expects installation volumes to be flat this year. Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD
Analysis-New Zealand's economic missteps hasten exodus to sunnier shores
Corey Ngaru and his partner Elian Lellimo left recession-hit New Zealand for the sunshine of Australia's Gold Coast just a week ago, bidding a teary farewell to family and friends as they seek better jobs and pay elsewhere. "There's a bunch more options, more opportunities," said Ngaru, who estimates he will be able to earn three times more working as a builder on the Gold Coast as he would in New Zealand. Ngaru and Lellimo, who is originally from Argentina, follow 128,700 people, who permanently left the Pacific nation of 5.3 million in 2024, provisionally the largest exodus on record.
Wall Street is agonizing over the triple threat that could bash through the U.S. economy
Tariff fears and soft economic data have traders debating whether a recession is on the horizon.
Trump wants a strategic cryptocurrency reserve. Crypto experts aren't a fan. Here's why
President Donald Trump has announced plans to create a strategic crypto reserve, shifting gears from his earlier promise to stockpile Bitcoin. Trump’s cryptocurrency reserve will consist of Bitcoin, often referred to as “digital gold” for its ability to hedge against inflation, along with Ether, the second-largest cryptocurrency by market cap, XRP, Solana, and Cardano.
AbbVie Joins Obesity Treatment Market With Up to $2.2B Licensing Deal
Drugmaker AbbVie has agreed to license a weight-loss drug currently in development from Gubra for up to about $2.2 billion, marking its entry into the obesity treatment market.
Fed's Musalem watching growth risks and rising inflation expectations as he urges 'patient approach' to rates
St. Louis Fed president Alberto Musalem said Monday that he is closely watching longer-term inflation expectations and downside risks to growth as he argues for maintaining a 'patient approach' to monetary policy.