• Dec 13, 2024

Saylor’s MicroStrategy Scores Again With Nasdaq 100 Addition

(Bloomberg) -- MicroStrategy Inc., the dot-com-era software maker whose metamorphosis into a leveraged bet on Bitcoin has transfixed Wall Street, is joining the Nasdaq 100 Index, the benchmark’s overseer said Friday. Software company Palantir Technologies Inc. and Axon Enterprise Inc., a maker of Tasers and police body cameras, will also be added.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfCity Hall Is HiringAmerican Inst

• Dec 13, 2024

U.S. bonds take back seat as Bitcoin hits new all-time high

Major portfolio shifts highlight enduring cryptocurrency opportunities, outpacing traditional bonds and ensuring future wealth preservation.

• Dec 13, 2024

Palantir, MicroStrategy, and Axon Enterprise To Join Nasdaq 100

Palantir, MicroStrategy, and Axon Enterprise are set to join the Nasdaq 100 Index on Monday, Dec. 23, replacing Super Micro Computer, Moderna, and Illumina.

• Dec 13, 2024

Mark Zuckerberg just cashed in another $153 million worth of Meta stock, adding to whopping $2 billion in sales this year

The Meta co-founder and CEO is cashing in on the company’s stock hitting an all-time high this year.

• Dec 13, 2024

Marginal rise in US import prices suggests inflation pressures may subside

WASHINGTON (Reuters) -U.S. import prices barely rose in November as increases in the costs of food and fuels were partially offset by decreases elsewhere thanks to a strong dollar, suggesting that inflation pressures could subside in the months ahead. The report from the Labor Department on Friday, which also showed a sharp drop in imported air passenger fares last month, was supportive of economists' expectations for tamer gains in the personal consumption expenditures (PCE) price measures tracked by the Federal Reserve for its 2% inflation target. "Recent dollar strength should be a headwind for import price growth in coming months, but trade policy remains a wild card," said Michael Hanson, an economist at JPMorgan.

• Dec 13, 2024

Oil Prices Set for New Boom After 2035 on Demand, Rapidan Says

(Bloomberg) -- Oil prices are set for a new boom period from the middle of the next decade on continued demand growth in China and elsewhere, according to consultants Rapidan Energy Group.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersHow California Sees the World, and ItselfCity Hall Is HiringAmerican Institute of Architects CEO Resigns“As expectations of a 2030 peak in global demand recede, the reality of a

• Dec 13, 2024

Will Bitcoin's institutional adoption push prices to historic highs?

As Bitcoin expands globally, mining and reserve adoption are poised to reshape its market trajectory.

• Dec 13, 2024

Will Strategic Bitcoin reserve funds lead the global adoption race?

Sovereign wealth funds and corporate reserves emerge as key drivers in Bitcoin’s adoption narrative.

• Dec 13, 2024

Bitcoin hitting $1 million 'inevitable,' says Bitcoin expert Armando Pantoja

Smaller units and steady growth could push Bitcoin to unprecedented levels in the years ahead.

• Dec 13, 2024

Broadcom Stock Soars on Upbeat AI Talk

Broadcom CEO Hock Tan’s upbeat projections of AI chip growth potential lifted the company’s stock 24%, despite some fuzziness in his commentary. Plus, The Information’s stories of the week.