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  • Nov 15, 2024

Leftist Petro’s Budget Antics Rattle Colombia Bond Markets

(Bloomberg) -- Colombian President Gustavo Petro’s budget antics are again putting global investors on edge, stoking fears over long-term fiscal health and sparking a bond selloff.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and EmissionsPetro, who has had an uneasy relationship w

  • Nov 15, 2024

How To Earn $500 A Month From Apple Stock

Apple Inc. (NASDAQ:AAPL) shares closed higher on Thursday despite an overall decline in the stock market. Consumer group Which? has filed a £3 billion ($3.81 billion) legal claim against Apple, accusing the tech giant of breaching UK competition law through its iCloud service. Warren Buffett's Berkshire Hathaway Inc. (NYSE:BRK) reduced stake in Apple from 400 million to 300 million shares. Thus, Berkshire has now cut its position in the Cupertino, California-based tech giant by over two-thirds s

  • Nov 15, 2024

‘Rates Will Be a Lot Lower’ in 12-18 Months, Fed’s Goolsbee Says

(Bloomberg) -- Federal Reserve Bank of Chicago Austan Goolsbee said as long as inflation continues down toward the central bank’s 2% goal, interest rates will be “a lot” lower over the next 12-18 months. Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and EmissionsBut Goolsbee agreed

  • Nov 15, 2024

Fed's Collins says tech changes can improve financial system

Federal Reserve Bank of Boston President Susan Collins said Friday the U.S. central bank needs to keep a close watch on technological developments in the financial system. “We must all be attuned to the very real risks and challenges” resulting from technical innovations, Collins said in the text of a speech for an event at her bank. “The optimist sees potential for a virtuous cycle, with the financial system benefiting from technological advances enabled by innovations, and adapting to changes in the economy – while a more efficient financial system, in turn, can boost economic growth,” she said.

  • Nov 15, 2024

Bitcoin rises above $90,000 on Trump euphoria

Bitcoin broke through the $90,000 level on Wednesday, to an all-time high in a rally showing no signs of easing on expectations that Donald Trump as U.S. president will be a boon for cryptocurrencies. Smaller peer ether has also risen 37% since Election Day, while dogecoin, an alternative, volatile token promoted by billionaire Trump-ally Elon Musk was up more than 150%. "What you've seen since the election is the market hoping or realizing what that could mean for bitcoin in the medium to long term – a pro-bitcoin administration, Senate and potential legislation that not only gives U.S. citizens the right to self-custody bitcoin but potentially for bitcoin to be a strategic reserve asset for the U.S. Treasury," said Damon Polistina, head of research at Eaglebrook.

  • Nov 15, 2024

Druckenmiller Leads Family Offices Boosting US Bank Stock Bets

(Bloomberg) -- Stanley Druckenmiller’s family office led investment firms for the world’s rich in boosting allocations to US bank shares last quarter, putting them in line to profit from a rally in financial stocks.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndNYC Congestion Pricing Plan With $9 Toll to Start in JanuarySaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urb

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