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Stocks rise, dollar drops after Trump denies tariff policy pullback

NEW YORK (Reuters) -Global stocks rose while the U.S. dollar index dropped on Monday after President-elect Donald Trump denied a newspaper report that his incoming administration would likely pursue a less-aggressive tariff policy than he previously threatened. European stocks and currencies climbed following a Washington Post report earlier on Monday that Trump aides were exploring tariff plans that would be applied to every country but cover only certain sectors deemed critical to national or economic security. Trump called the story wrong and "just another example of Fake News" in a social media post.

Why Bitcoin, Ethereum, and Dogecoin Jumped Today

Bitcoin (CRYPTO: BTC) is climbing again on Monday after MicroStrategy continued its massive buying spree. This time, the company announced another 1,070 Bitcoin acquired over the past week and said it will be raising another $2 billion to buy even more. As of 4 p.m. ET, over the past 24 hours, Bitcoin is up 4%, Ethereum (CRYPTO: ETH) has climbed a more modest 1.1%, and Dogecoin (CRYPTO: DOGE) is up 1.4%.

Oil Tops Brazil Exports, Bolstering COP30 Host’s Challenge

(Bloomberg) -- Oil has surpassed soybeans as Brazil’s top export, an unprecedented performance that underscores the COP30 host’s status as a fossil-fuel champion.Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeCan American Drivers Learn to Love Roundabouts?Don’t Shrink the BusIs This Weird Dome the Future of Watching Sports?NYC Congestion Pricing Takes Effect After Years of DelaysThe value of Brazilian crude exports rose 5% to $44.8 billion in 2024, the