Bitcoin to deliver ‘high returns' for 30 years, predicts top mathematician
Fred Krueger, a Wall Street veteran and mathematician, believes Bitcoin is still in its “first inning” with 20 to 30 years of massively high returns ahead.
Celsius’ Post-Deal Stock Surge Takes Swipe at Short Sellers
(Bloomberg) -- Short sellers that bet against Celsius Holdings Inc.’s fortunes before their planned acquisition of rival Alani Nu are now seeing hundreds of millions in losses.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’Airbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsT
Bybit says $1.5 billion worth of crypto stolen in ether wallet hack
The ether cold wallet was the only one that was attacked and all other wallets of the exchange were unaffected, with withdrawals proceeding normally, CEO Ben Zhou said in a post on X. "All client funds are safe, and our operations continue as usual without any disruption," the company said, adding its security team, along with forensic experts, was investigating the incident.
US Consumers Long-Run Inflation Views Rise to Highest Since 1995
(Bloomberg) -- US consumers’ long-term inflation expectations rose to the highest level in almost three decades on concerns President Donald Trump’s tariffs will translate into higher prices.Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump to Halt NY Congestion Pricing by Terminating ApprovalTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’Airbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry, Kids: Disney’s New York Headquarters Is
Crypto hit by largest hack ever as Bybit loses $1.4 billion – Ethereum traders liquidated
Bybit has suffered the largest hack in cryptocurrency history, with $1.4 billion drained from its wallets. Ethereum futures traders saw mass liquidations, with $76 million wiped out in four hours
What Analysts Think of Nvidia Stock Ahead of Earnings
Nvidia is set to report fourth-quarter results after the market closes Wednesday, with analysts widely bullish on the AI chipmaker's stock.
Fed’s Jefferson Says AI Speeds Impact of Policy on Asset Prices
(Bloomberg) -- Federal Reserve Vice Chair Philip Jefferson said artificial intelligence tools may help with the transmission of monetary policy, but cautioned about the limits of the technology.Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump to Halt NY Congestion Pricing by Terminating ApprovalTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’Airbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry, Kids: Disney’s New York Headquarters
Top Stock Movers Now: UnitedHealth, Rivian, Block, and More
U.S. equities dropped at midday following the latest data on consumer sentiment and a report that UnitedHealth Group is under a federal probe.
Fed's Jefferson says AI is speeding investors' reactions to central bankers' messages
"For now, I do not think artificial intelligence is changing the way policymakers communicate, but research shows that it has affected how quickly information about policy is incorporated into asset prices," Jefferson said in prepared remarks to a conference at the San Francisco Fed that did not touch on his outlook for monetary policy or the U.S. economy. Further research is needed, he said, to determine whether the faster speed is allowing monetary policy to get transmitted faster through the economy, or, as some worry, that it "may provide an incentive for investors to value speed over accuracy, and may reduce the long-run informativeness of asset prices, which could hurt the transmission of monetary policy."
Rivian Automotive Stock Falls as EV Maker's Delivery Estimates Come Up Short
Rivian Automotive shares fell Friday, a day after the company predicted 2025 deliveries below analysts' estimates.