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  • Nov 15, 2024

Bitcoin rises above $90,000 on Trump euphoria

Bitcoin broke through the $90,000 level on Wednesday, to an all-time high in a rally showing no signs of easing on expectations that Donald Trump as U.S. president will be a boon for cryptocurrencies. Smaller peer ether has also risen 37% since Election Day, while dogecoin, an alternative, volatile token promoted by billionaire Trump-ally Elon Musk was up more than 150%. "What you've seen since the election is the market hoping or realizing what that could mean for bitcoin in the medium to long term – a pro-bitcoin administration, Senate and potential legislation that not only gives U.S. citizens the right to self-custody bitcoin but potentially for bitcoin to be a strategic reserve asset for the U.S. Treasury," said Damon Polistina, head of research at Eaglebrook.

  • Nov 15, 2024

Druckenmiller Leads Family Offices Boosting US Bank Stock Bets

(Bloomberg) -- Stanley Druckenmiller’s family office led investment firms for the world’s rich in boosting allocations to US bank shares last quarter, putting them in line to profit from a rally in financial stocks.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndNYC Congestion Pricing Plan With $9 Toll to Start in JanuarySaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urb

  • Nov 15, 2024

Quantum Computing Dives After $40M Stock Offering - What's Going On?

Quantum Computing Inc. (NASDAQ:QUBT) shares are declining premarket on Friday. Yesterday, the company disclosed a securities purchase agreement to sell 16 million shares of common stock at $2.50 per share in a registered direct offering. The company expects to generate gross proceeds of $40 million. The offering, priced at-the-market under Nasdaq rules, is expected to close on or around November 18, 2024, pending customary closing conditions. The company plans to use the net proceeds from the of

  • Nov 15, 2024

Samsung Plans Massive $7.2B Stock Buyback: Details

Samsung Electronics (OTC:SSNLF) announces plans to repurchase shares worth 10 trillion won (~$7.17B) as part of its strategy to boost shareholder value. The Board of Directors approved the buyback program, which will be executed in phases over the next 12 months. Samsung Electronics will repurchase 3 trillion won in shares from November 18, 2024, to February 17, 2025, as the first phase of its new buyback plan. The buyback includes 50.14 million common shares and 6.91 million preferred shares, a

  • Nov 15, 2024

A Near-$1 Trillion ETF Rush This Year Breaks Wall Street Records

(Bloomberg) -- This year was already a landmark one for exchange-traded funds, but as of Friday the ETF universe can add another superlative: biggest annual inflows on record. Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndNYC Congestion Pricing Plan With $9 Toll to Start in JanuarySaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion

  • Nov 15, 2024

Fink Pushes BlackRock Into High-Stakes Bet on Private Markets

(Bloomberg) -- Larry Fink turned to big deals to get BlackRock Inc. out in front of a decade of money gushing into index funds. Now he’s doing the same to make sure his firm isn’t left behind in the stampede into private assets.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndNYC Congestion Pricing Plan With $9 Toll to Start in JanuarySaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agenc

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