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  • Dec 17, 2024

OPEC+ wary of renewed US oil output rise under Trump, sources say

OPEC+ is wary of a renewed rise in U.S. oil output when Donald Trump returns to the White House, delegates from the group said, because more U.S. oil would further erode OPEC+ market share and hamper the producer group's efforts to support prices. OPEC+ pumps about half of the world's oil and earlier this month delayed a plan to raise output until April.

  • Dec 17, 2024

As bitcoin soars, luxury brands consider accepting crypto payments

Bitcoin’s soaring value has caught the attention of high-end fashion brands and retailers, prompting further interest in offering cryptocurrencies as a means of payment to tap in to fresh pockets of wealth and build loyalty with crypto investors. Until recently, only a handful of luxury brands including LVMH watch labels Hublot and Tag Heuer as well as Kering-owned fashion brands Gucci and Balenciaga have experimented with crypto payment offers. In recent weeks, upscale French luxury department store Printemps announced it was teaming up with the world's largest crypto exchange, Binance, and French financial tech company Lyzi to accept cryptocurrencies including bitcoin and ethereum in its stores in France - becoming the first European department store to do so.

  • Dec 17, 2024

Trump Trade Comes to Europe, Giving Jolt to Cheap Hungary Market

(Bloomberg) -- There is arguably no leader in all of Europe who’s more chummy, or ideologically aligned, with Donald Trump than Hungary’s Viktor Orban.Most Read from BloombergHow California Sees the World, and ItselfWhich goes a long way to explaining why at a time when the mood is markedly glum across European financial markets, there is a sense of optimism in Budapest. Here, investors aren’t fretting so much about the prospect of new Trump tariffs or NATO-funding feuds — like they are in, say,

  • Dec 17, 2024

How To Earn $500 A Month From Micron Stock Ahead Of Q1 Earnings

Micron Technology, Inc. (NASDAQ:MU) will release earnings for its first quarter, after the closing bell on Wednesday, Dec. 18. Analysts expect the Boise, Idaho-based company to report quarterly earnings at $1.77 per share, versus a year-ago loss of 95 cents per share. Micron projects to report quarterly revenue of $8.71 billion, compared to $4.73 billion a year earlier, according to data from Benzinga Pro. The company has beaten analyst revenue estimates in six straight quarters and seven of the

  • Dec 17, 2024

Morning Bid: Fed looms and Europe gets inflation data

As a host of major central banks hold policy meetings over the next 24 hours, the U.S. Federal Reserve hogs the spotlight but it could be the Bank of Japan that surprises markets. The Bank of England (BoE), Bank of Japan (BOJ), Norges Bank and Sweden's Riksbank announce rate decisions on Thursday, hours after the Fed's announcement on Wednesday. Pricing in Japan implies a 20% chance of a rate hike - but that higher rates are a matter of time with more than 40 bps of hikes priced in by the end of 2025.

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