Stock Market Today: Dow, S&P Live Updates for February 14 – Bloomberg
Stock Market Today: Dow, S&P Live Updates for February 14 Bloomberg Source link
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US Economy: 2024 Will Mark the End of the Post-Pandemic Era
Economists did not believe it was possible, but they’ve been wrong a lot lately, and in their defense it has only ever happened once (or maybe twice) before: We may be witnessing that rare achievement known as a soft landing. The US Federal Reserve’s latest forecast expects the inflation rate to slide back down to … Read more
Bitcoin 2023 rally pumped up Marathon, Coinbase, MicroStrategy, GBTC
Not only have those stocks outperformed the primary cryptocurrency, but they’ve been among the biggest gainers across the whole U.S. market. In the universe of publicly traded U.S. businesses with a market value of at least $5 billion, the four bitcoin-tied stocks were among the eight best performers, according to FactSet. The crypto boom represents … Read more
Texas-Style Socialism Foists Hidden Tax on Lone Star Citizens
Texans pride themselves on being champions of business. So, if you think the biggest investors in and financiers of the fastest-growing Texas companies are welcomed as tried-and-true capitalists, think again. And if you believe Texas and its top-rated AAA debt would never willingly borrow money on behalf of citizens at anything but the best rates … Read more
Active vs Passive Investing: Money Managers Confront End of Bull Market
T. Rowe Price Group Inc. is reeling from a $127 billion exodus over just two years. At Franklin Resources Inc., the latest member of a billionaire family to run the firm is trying to reverse a nearly uninterrupted 20-quarter losing streak. Across the Atlantic, the chief of Abrdn Plc has reached a blunt conclusion: merely … Read more
Bankman-Fried Trial, Hamas Funding, Fake Bitcoin ETF News Dog Crypto
In this issue of the Bloomberg Crypto newsletter, Michael P. Regan sorts through a load of crypto dirty laundry: Crypto, almost from the beginning, has been a magnet for criticism. And the list of the most common knocks against it is long. Yet rarely have real-world examples of its assorted risks and vulnerabilities piled up … Read more
How the Mideast is preparing for post-oil, EV era of transportation
Saudi Arabia has been working on its own brand of electric vehicles, Ceer, and plans to install 50,000 domestic EV charging stations by 2025. The U.S. and China are also bringing brands to the Mideast. GM is preparing to launch the Cadillac Lyriq, GMC Hummer EV and Chevrolet Bolt EUV in the Middle East this … Read more