• Dec 17, 2024

How would a U.S. bitcoin strategic reserve work?

WASHINGTON (Reuters) -Bitcoin hit a record high above $107,000 on Monday after President-elect Donald Trump reiterated plans to create a U.S. bitcoin strategic reserve, stoking the enthusiasm of crypto bulls. WHAT IS A STRATEGIC RESERVE? A strategic reserve is a stock of a critical resource which can be released at times of crisis or supply disruptions.

  • Dec 17, 2024

BofA Says Stocks Flash Sell Signal After Cash Holdings Tumble

(Bloomberg) -- Fund managers have been reducing cash holdings to a record low and pouring money into US stocks, triggering a metric that Bank of America Corp. says could be a signal to sell global equities. Most Read from BloombergHow California Sees the World, and ItselfHong Kong's Expat Party Hub Reshaped by Chinese InfluxLondon’s Tube Fares Are Set to Rise by 4.6% Next YearCash as a percentage of total assets under management dropped to 3.9% in December, a move that in the past has been follo