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    Hedge funds bet against power and pile into materials, says Goldman Sachs

    by skolnes November 25, 2024
    November 25, 2024

    By Nell Mackenzie LONDON (Reuters) – Global hedge funds sold U.S. electric and water utilities stocks at the fastest pace in two months while buying U.S. materials stocks such as …

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    Trump Treasury pick Scott Bessent to prioritize tax cuts, WSJ reports

    by skolnes November 25, 2024
    November 25, 2024

    (Reuters) -President-elect Donald Trump’s nominee for U.S. Treasury secretary, Scott Bessent, will prioritize delivering on election tax cut pledges, he told the Wall Street Journal in an interview published on …

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    Stocks, Bonds Rise as Traders Embrace Bessent: Markets Wrap

    by skolnes November 25, 2024
    November 25, 2024

    (Bloomberg) — Equities and Treasuries advanced, with traders welcoming Donald Trump’s pick of Scott Bessent for Treasury Secretary as a measured choice that would inject more stability into the US …

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    Gold Tumbles as Traders Turn Attention to the Fed’s Next Move

    by skolnes November 25, 2024
    November 25, 2024

    (Bloomberg) — Gold tumbled after surging by the most in 20 months last week, with traders ignoring a softer US dollar and shifting their attention to the Federal Reserve’s upcoming …

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    Bitcoin Price Levels to Watch as Key $100K Level Remains in Sight

    by skolnes November 25, 2024
    November 25, 2024

    Source: TradingView.com Bitcoin remains in focus to start the week as the cryptocurrency sits on the precipice of crossing the $100,000 mark for the first time. Since Donald Trump’s decisive …

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    Bond Market Halts Brutal Run as Buyers Pounce on 4.5% Yields

    by skolnes November 25, 2024
    November 25, 2024

    (Bloomberg) — The US bond market is finally showing signs of steadying after a two-month selloff, with investors starting to swoop in whenever yields test new peaks. Most Read from …

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  • Cryptocurrency News

    Dollar dips with Treasury yields after Bessent pick

    by skolnes November 25, 2024
    November 25, 2024

    By Wayne Cole SYDNEY (Reuters) – The dollar surrendered a little of its recent gains on Monday as investors assumed the pick for U.S. Treasury secretary would reassure the bond …

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  • Cryptocurrency News

    The Secret Metal That Helped Win WWII is Back, And Prices Are Soaring

    by skolnes November 25, 2024
    November 25, 2024

    More than 100 years ago, a ship left a Nova Scotia harbor carrying a precious cargo that few today would recognize as valuable. The crew, full of optimism, was bound …

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  • Cryptocurrency News

    Is Boeing a Millionaire-Maker Stock?

    by skolnes November 24, 2024
    November 24, 2024

    On the surface, Boeing (NYSE: BA) looks as though it has all the ingredients of a potential millionaire-maker investment. The aircraft market is growing, competition is minimal, and government contracts …

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  • Cryptocurrency News

    This Is the Best-Performing Vanguard ETF This Year. Will It Be a Winner in 2025?

    by skolnes November 24, 2024
    November 24, 2024

    2024 isn’t quite in the books, but it’s already been a banner year for stocks. Through Nov. 21, the S&P 500 is up 24.7% year to date, led by big …

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