News

Bill Gross Is On the Alert as Momentum Mania Sweeps Wall Street

(Bloomberg) -- Bitcoin rallying to the moon, meme stocks surging for no good reason, bearish bets cratering all at once. Most Read from BloombergNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectFor observers without a sense of Wall Street’s long history, the great market mania of 2024 seems new and dangerous. To Bill Gross, who turned 80 this

Intel’s Lack of a Clear Plan Makes Wall Street Even More Bearish

(Bloomberg) -- Things were already looking bad for Intel Corp. shares this year. But the chipmaker’s sudden ouster of its chief executive officer has led to even more investors throwing in the towel.Most Read from BloombergNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectThe stock fell 13% in the five days ending Friday, notching its worst wee

Traders Ramp Up Bets on December Fed Cut After Mixed Jobs Data

(Bloomberg) -- US Treasuries rallied and traders boosted their bets on a Federal Reserve interest-rate reduction this month after a mixed November employment report.Most Read from BloombergA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitYields on two-year notes, which are sensitive to central-bank policy changes, slid as much as seven basis p

XRP, Hedera, and Tron Led the Crypto Bull Market This Week

The crypto market was on fire again this week and Bitcoin passing $100,000 was one of the biggest news items of the week. According to data provided by S&P Global Market Intelligence, Tron (CRYPTO: TRX) is up 56% over the past week, XRP (CRYPTO: XRP) has jumped 37%, and Hedera (CRYPTO: HBAR) is up 73% -- and there are some strange moves in that group. Tron is up in part because Justin Sun, Tron's founder, invested $30 million into World Liberty Financial, a cryptocurrency project from President-elect Donald Trump.

Oil Falls to Three-Week Low With Algos Poised for More Selling

(Bloomberg) -- Oil slid to a three-week low, closing near $67 a barrel, after a wave of technical selling compounded oversupply fears. Most Read from BloombergA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitA decision by OPEC and its allies to return output at a slower pace than initially planned capped losses Friday, but a looming supply glu