Spot Bitcoin ETFs Exceeded Expectations in 2024, but Just Wait for 2025
Gary Gensler has described crypto as the Wild West and one observer said markets are likely to see just that under new leadership in D.C.
Equity Markets Rise Intraday After PPI Report
US benchmark equity indexes were higher intraday as traders parsed the latest producer price report
Eli Lilly Stock Slumps on Lowered Sales Forecast
Eli Lilly shares tumbled Tuesday after the drugmaker lowered its revenue forecast for the 2024 fiscal year.
Crypto Options Venue Deribit Draws Interest From Buyers
(Bloomberg) -- Deribit, the world’s largest trading platform for Bitcoin and Ether options, has drawn interest from potential acquirers and is working with a financial adviser to review opportunities, according to people with knowledge of the matter. Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsA Blueprint for Better Bike LanesDeribit is working with Financial Technology Partners LLC, said the people, who
S&P Downgrades Los Angeles Muni Utility Bonds by Two Notches
(Bloomberg) -- S&P Global Ratings on Tuesday lowered the rating on municipal bonds sold by Los Angeles Department of Water and Power, downgrading the utility’s power system bonds by two notches to A from AA-.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsA Blueprint for Better Bike LanesThe ratings company said that the rating on the power system bonds “face further and significant downward pressure” after t
JP Morgan 2025: Moderna stock suffers after CEO reveals conservative 2025 guidance
CEO Stéphane Bancel emphasised saving cash as integral in the company’s bid to parlay Covid-19 profits into future profitability.
Boeing Stock Falls on Slowing Plane Deliveries
Boeing was the worst-performing stock in the Dow Jones Industrial Average Tuesday after the company reported declining plane deliveries.
Court tells SEC to lay out why it has declined Coinbase's request for crypto regulations
A federal appeals court says the U.S. Securities and Exchange Commission needs to better explain why it turned down a request from Coinbase to develop regulations to cover the booming crypto asset sector — although the judges stopped short of reversing the agency's decision. The 3-0 ruling issued Monday by the 3rd U.S. Circuit Court of Appeals was a partial win for Coinbase Global Inc., which went to court after the SEC denied its July 2022 request that the agency make clear how securities laws apply to assets such as cryptocurrencies and tokens. Coinbase has argued that the SEC has been applying existing securities laws to digital assets, prompting a need for wide-ranging rules.
Gaza ceasefire deal hopes lift region's government bond markets
Hopes of a ceasefire deal to end the war in Gaza lifted the region's government bond markets and Israel's shekel on Tuesday as investors sensed relief after 15 months of conflict. Negotiators were meeting in Qatar hoping to finalise a ceasefire and hostage release agreement after U.S. President Joe Biden indicated that one was within reach. More than six hours after talks began there was still no word on an outcome but Israel's bonds and those of Lebanon, Egypt and Jordan were all edging higher as optimism built.
Analyst picks best stock to play AI spending surge in 2025
AI spending by companies is likely to rise to $750 billion by 2028, according to data from IDC.