Bitcoin hits record high after Trump’s decisive win
The price of a bitcoin soared to a record high of more than $87,000 on Monday, continuing its surge in value since Donald Trump’s decisive victory in the presidential election…
Dye & Durham exploring sale or other transactions to boost value
Dye & Durham Ltd. DND-T has put itself up for sale, becoming the latest in a series of Canadian tech companies to consider finding a buyer after a rocky few…
Bonds Are Selling Off Everywhere as Traders Rethink Fed Pathway
(Bloomberg) -- Bonds are falling around the world as investors mull prospects of slower US interest-rate cuts, a trend that risks upending debt positions everywhere.Most Read from BloombergAt the heart…
Asian Shares Decline as Bonds Extend Selloff: Markets Wrap
(Bloomberg) -- Asian equities declined for a second day along with bonds, as traders consider cooling expectations of Federal Reserve rate cuts for the rest of the year.Most Read from…
Treasury 10-Year Yields May Hit 5% in Six Months, T. Rowe Says
(Bloomberg) -- Benchmark Treasury yields may soon hit a key level on the back of rising inflation expectations and concerns over US fiscal spending, according to T. Rowe Price.Most Read…
Bitcoin Flirts With $70,000 After $2.4 Billion Inflow Into ETFs
(Bloomberg) -- Bitcoin came close to $70,000 on Monday as a spurt of inflows into exchange-traded funds for the largest digital asset as well as optimism about the outlook for…
S&P 500 Set to Grind Higher Toward 6,000 Milestone: Survey
(Bloomberg) -- This year’s furious rally in US stocks is poised to extend into the final stretch of 2024, even as the US presidential election looms as a major wild…
Striking Boeing workers make earnings day a cliffhanger for CEO
(Bloomberg) — Kelly Ortberg’s earnings debut as Boeing Co. chief executive officer has gained an element of suspense as workers vote on the same day whether to accept the planemaker’s…
The World’s $100 Trillion Fiscal Timebomb Keeps Ticking
(Bloomberg) -- Even before global finance chiefs fly into Washington over the next few days, they’ve been urged in advance by the International Monetary Fund to tighten their belts.Most Read…
Boeing Proposes 35% Wage Hike in New Bid to End Lengthy Strike
(Bloomberg) -- Boeing Co. and the union representing 33,000 striking workers have reached a new deal to end a work stoppage that has crippled the company’s airplane manufacturing for more…
Berkshire Hathaway Lifts Stake in Sirius XM After Malone Deal
(Bloomberg) -- Warren Buffett is amplifying his bet on Sirius XM Holdings Inc., as Berkshire Hathaway Inc. keeps adding more shares of the radio broadcasting firm to its portfolio.Most Read…
Chinese Stock Rally Resumes as Xi, PBOC Fuel Policy Optimism
(Bloomberg) -- Chinese stocks extended gains in the afternoon as President Xi Jinping’s emphasis on technology development and a slew of central bank statements reignited optimism over policy support.Most Read…
Bonds Sell Off as Traders Reprice Fed Rate Cuts: Markets Wrap
(Bloomberg) -- A selloff in Treasuries strengthened the dollar and left equities mixed as new signs of economic vigor led traders to trim expectations for US rate cuts.Most Read from…
TSMC raises revenue outlook in show of confidence in AI boom
(Bloomberg) — Taiwan Semiconductor Manufacturing Co. (TSM, 2330.TW) raised its target for 2024 revenue growth after quarterly results beat estimates, allaying concerns about global chip demand and the sustainability of…
Chinese Stock Gains Fizzle as Briefing Lacks Major Stimulus
(Bloomberg) -- Chinese stocks gave back earlier gains as a much-anticipated joint ministry briefing on supporting the property market offered few new stimulus measures.Most Read from BloombergThe CSI 300 Index…
Asian Stocks Rise, Chinese Shares Reverse Gains: Markets Wrap
(Bloomberg) -- Equities in Asia rose after Wall Street closed higher, helped along by a rotation out of megacap tech to small-cap companies. Chinese stocks erased gains after a press…
Chinese Stocks on Brink of Correction as Investor Patience Wanes
(Bloomberg) -- Chinese stocks fell to the verge of a correction in a sign of growing disappointment over the pace of stimulus rollout.Most Read from BloombergThe CSI 300 Index ended…
Global Chip Stocks Lose $420 Billion After ASML Sales Warning
(Bloomberg) -- Investors in chip stocks are facing a fresh gut check after a tepid outlook from key equipment supplier ASML Holding NV sparked a global rout in the sector.Most…
Asian Stocks Slide as Tech Selloff Hurts Risk Mood: Markets Wrap
(Bloomberg) -- Stocks in Asia slipped on Wednesday, tracking a US selloff, as investors weighed if the artificial intelligence rally that’s powered the bull market recently still has room to…
UnitedHealth sinks on rare miss as 2025 outlook disappoints
(Bloomberg) — UnitedHealth Group Inc. (UNH) shares plunged the most in four years on Tuesday after its forecasts for 2024 and 2025 fell short of investors’ expectations, a rare stumble…
Tech Stocks Rally While Oil, Energy Shares Drop: Markets Wrap
(Bloomberg) -- European equity futures climbed and Asian stocks fluctuated after another record high on Wall Street. Oil dropped as concerns eased about Israel attacking Iranian energy facilities.Most Read from…
Chinese Stocks Dip in Choppy Trade as Investors Debate Next Move
(Bloomberg) -- Chinese stocks ended Tuesday’s morning session lower amid a growing debate over how far the rally can go.Most Read from BloombergThe CSI 300 Index was down 0.5% as…
Bitcoin Rises as Traders Weigh China Fiscal Stimulus, Trump Odds
(Bloomberg) -- Bitcoin climbed to the highest level in two weeks as a mixed reaction to China’s latest stimulus efforts emboldened wagers that speculators will chase after cryptocurrencies rather than…
Boeing’s Endless Doom Loop Gives No Respite to CEO Ortberg
(Bloomberg) -- As Boeing Co. lurches from one crisis to the next, there’s been one constant for the embattled planemaker: Its predicament appears to be only getting worse.Most Read from…
Chinese Stocks Fluctuate as Traders Assess Fiscal Support Vows
(Bloomberg) -- Chinese stocks fluctuated in early trading on Monday as investors assessed the potential impact of the support measures announced by the finance ministry over the weekend.Most Read from…