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  • Dec 31, 2024

Tesla stock surge runs up against a potential annual sales drop

(Bloomberg) -- For all the exuberance about Tesla Inc. benefiting from Donald Trump’s return to the White House, Wall Street isn’t so sure the carmaker can avoid its first annual sales decline in over a decade.Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024Analysts surveyed by Bloomberg are estimating the company may deliver around 510,400 vehicles in the final three months of the year. That would set a new quarterly record for Tesla, but the company would ne

  • Dec 31, 2024

French Stocks Stand Out With 2024 Loss as Political Risk Weighs

(Bloomberg) -- French stocks stand out as losers among major peers after a year of political upheaval, ending 2024 with a loss while most European and US benchmarks notched double-digit gains. Most Read from BloombergDetroit’s Michigan Central Is the Building Revival Story of 2024Migrant Crisis Pushed US Homelessness to Record High in 2024The CAC 40 index declined 2.2% this year, compared with gains of 19% for Germany’s DAX, 15% for Spain’s IBEX, and 13% for Italy’s FTSE MIB. When President Emma

  • Dec 31, 2024

Nano Labs subsidiary to launch bitcoin business

Nano Labs (NA) announced that the Company has officially renamed its wholly-owned subsidiary Tsuki HK Limited to Nano bit HK Limited. Following this strategic rebranding, Nano bit HK Limited is expected to develop Bitcoin-related businesses and initiatives within the Bitcoin ecosystem, marking a significant milestone in the Company’s global technological innovation and ecosystem strategy. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try No

  • Dec 31, 2024

Genius Group increases bitcoin treasury to $30M

Genius Group (GNS) Limited had increased its Bitcoin purchases for its Bitcoin Treasury by an additional $10 million to 319.4 Bitcoin for $30 million, at an average price of $93,919 per Bitcoin. The total purchase of $30 million of Bitcoin has been made within six weeks of the Company’s announcement on November 12 of its “Bitcoin-first” strategy that it is committing 90% or more of its current and future reserves to be held in Bitcoin, with an initial target of $120 million in Bitcoin. The miles

  • Dec 31, 2024

Tesla Stock Surge Runs Up Against a Potential Annual Sales Drop

(Bloomberg) -- For all the exuberance about Tesla Inc. benefiting from Donald Trump’s return to the White House, Wall Street isn’t so sure the carmaker can avoid its first annual sales decline in over a decade.Most Read from BloombergDetroit’s Michigan Central Is the Building Revival Story of 2024Burned Out Parents Need Better Public SpacesMigrant Crisis Pushed US Homelessness to Record High in 2024Analysts surveyed by Bloomberg are estimating the company may deliver around 510,400 vehicles in t

  • Dec 31, 2024

Vistra Is First Utility to Top S&P 500 Since 2001 Amid AI Boom

(Bloomberg) -- Vistra Corp. just pulled off a feat that no other utility stock has managed since 2001 — it topped the leaderboard of the S&P 500 Index with an eye-popping 264% annual gain.Most Read from BloombergDetroit’s Michigan Central Is the Building Revival Story of 2024Migrant Crisis Pushed US Homelessness to Record High in 2024Shares of Vistra, which joined the S&P 500 in May, posted their best year in the Dallas-based firm’s history and led a pack of nuclear power plant operators higher

  • Dec 31, 2024

In Lackluster Year for Emerging Markets, Riskiest Bonds Shone

(Bloomberg) -- Dollar bonds from some of the world’s weakest economies have emerged as the bright spot in what’s otherwise been yet another lackluster year for emerging-market assets.Most Read from BloombergDetroit’s Michigan Central Is the Building Revival Story of 2024Migrant Crisis Pushed US Homelessness to Record High in 2024While many emerging assets are ending the year with gains, their returns pale in comparison with those on Wall Street. Among currencies tracked by Bloomberg, just three

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