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  • Nov 24, 2024

The rising price of paying the national debt is a risk for Trump's promises on growth and inflation

Donald Trump has big plans for the economy — and a big debt problem that will be a hurdle to delivering on them. Trump has bold ideas on tax cuts, tariffs and other programs, but high interest rates and the price of repaying the federal government’s existing debt could limit what he’s able to do. Not only is the federal debt at roughly $36 trillion, but the spike in inflation after the coronavirus pandemic has pushed up the government's borrowing costs such that debt service next year will easily exceed spending on national security.

  • Nov 24, 2024

Better Buy: Bitcoin or MicroStrategy?

After a huge post-election rally, Bitcoin (CRYPTO: BTC) just hit another all-time high, and is on the cusp of breaking through the $100,000 mark for the first time ever. To answer that question, you first have to understand how MicroStrategy has fundamentally changed its business over the past few years. It started in August 2020, when it became the first publicly traded company to buy Bitcoin as part of its capital allocation plan.

  • Nov 24, 2024

Stubborn US Inflation Set to Reinforce Fed’s Go-Slow Approach

(Bloomberg) -- US inflation figures in the coming week that are seen showing stubborn price pressures will reinforce the Federal Reserve’s cautionary posture toward future interest-rate cuts.Most Read from BloombergNYC's Underground Steam System May Be Key to a Greener FutureIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC Gets Historic Push for 80,000 Homes With $5 Billion PledgeNYC Mayor Adams Names Jessica Tisch to Lead Police Head Amid ProbesRecord NYC Than

  • Nov 24, 2024

Iran Braces for Trump Reset With Economy Buckling From Sanctions

(Bloomberg) -- When Donald Trump first entered the White House in 2017, Cyrus Razzaghi was running an Iranian business consultancy, advising US, Japanese and European companies about how to grab opportunities in a market emerging from years of economic isolation.Most Read from BloombergNYC's Underground Steam System May Be Key to a Greener FutureIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC Gets Historic Push for 80,000 Homes With $5 Billion PledgeNYC Mayor

  • Nov 23, 2024

Michael Saylor Reveals MicroStrategy Is 'Making $500M A Day' With Bitcoin

MicroStrategy Inc. (NASDAQ:MSTR) co-founder Michael Saylor has revealed that the company is minting $500 million a day as Bitcoin (CRYPTO: BTC) inches closer to $100,000 for the first time in its history. What Happened: Saylor, who has been all-in on Bitcoin for years now, has revealed an insane statistic – MicroStrategy's holdings of the top cryptocurrency have appreciated by as much as $5.4 billion over the last two weeks. In an interview with CNBC, Saylor broke down MicroStrategy's gains, say

  • Nov 23, 2024

Bitcoin Treading Water Below $100,000 With Big Target In Sight

(Bloomberg) -- Bitcoin has spent the weekend so far trading well shy of the landmark $100,000 level, once again dashing enthusiasts’ hopes that the oldest of digital assets would breach that significant financial — and psychological — threshold.Most Read from BloombergNYC's Underground Steam System May Be Key to a Greener FutureIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC Gets Historic Push for 80,000 Homes With $5 Billion PledgeNYC Mayor Adams Names Jessic

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