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  • Dec 05, 2024

Wall Street stocks, bitcoin take breath from record highs ahead of US jobs data

BOSTON/LONDON (Reuters) -Bitcoin traded near $100,000 on Thursday as investors bet on a friendly U.S. regulatory shift, while world stocks pulled back slightly but held near record highs ahead of a key U.S. jobs report. France's government lost a confidence vote late on Wednesday for the first time since 1962, with far-right and leftist lawmakers joining forces to topple Michel Barnier's government. The move had been widely anticipated by investors, so the euro, French stocks and bonds were largely steady on Thursday as Barnier officially resigned.

  • Dec 05, 2024

Indexes dip with UnitedHealth, tech, ahead of jobs report

NEW YORK (Reuters) -U.S. stocks ended lower on Thursday, with UnitedHealth down sharply and technology shares easing as investors awaited Friday's jobs report. UnitedHealth's stock dropped 5.2% and was the biggest weight on the Dow and S&P 500, while the S&P 500 healthcare index fell 1.1%. Health insurance companies are reassessing the risks for their top executives the day after the murder of UnitedHealthcare CEO Brian Thompson in Manhattan.

  • Dec 05, 2024

Bitcoin storms above $100,000 as Trump 2.0 fuels crypto euphoria

Once it broke $100,000 in Thursday's Asian morning, boosted by U.S. President-elect Trump's nomination of pro-crypto Paul Atkins to run the Securities and Exchange Commission, it was soon at an all-time high of $103,649. The total value of the cryptocurrency market has almost doubled over the year so far to hit a record over $3.8 trillion, according to data provider CoinGecko. Bitcoin has more than doubled in value this year and is up more than 50% in the four weeks since Donald Trump's sweeping election victory, which also saw a slew of pro-crypto lawmakers being elected to Congress.

  • Dec 05, 2024

Stock Rally Stalls as Anxiety Brews in Jobs Run-Up: Markets Wrap

(Bloomberg) -- Stocks lost steam near all-time highs, with Wall Street traders gearing up for key jobs data that will help determine whether the Federal Reserve will cut or hold interest rates in December.Most Read from BloombergKansas City Looks Back on its Long, Costly Ride With MicrotransitNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsEquities dropped a

  • Dec 05, 2024

Summers Blasts US National Bitcoin Reserve Idea as ‘Crazy’

(Bloomberg) -- Former US Treasury Secretary Lawrence Summers dismissed the idea of the government setting up a reserve of Bitcoin assets, and cautioned about the political challenge ahead in scaling down federal spending in the way billionaire and President-elect Donald Trump ally Elon Musk plans.Most Read from BloombergKansas City Looks Back on its Long, Costly Ride With MicrotransitNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampAs Wars Rage, Cities Face a Dark New Era of Urban

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