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Bitcoin Slips in December as Investors Cash In on Record Rally

(Bloomberg) -- Bitcoin’s record-breaking run faltered toward the end of 2024, leading to its first monthly drop since August. Most Read from BloombergDetroit’s Michigan Central Is the Building Revival Story of 2024Burned Out Parents Need Better Public SpacesMigrant Crisis Pushed US Homelessness to Record High in 2024The digital asset fell 3.2% last month as US investors cashed profits after a rally triggered by President-elect Donald Trump’s victory pushed Bitcoin to an all-time high of $108,315

Bloomberg 1 hour ago

South Korea’s Choi Rejects Bids by Aides to Resign En Masse

(Bloomberg) -- South Korea’s Acting President Choi Sang-mok on Wednesday rejected an attempt by his advisers to resign en masse in the latest twist to the nation’s ongoing political turmoil.Most Read from BloombergDetroit’s Michigan Central Is the Building Revival Story of 2024Burned Out Parents Need Better Public SpacesMigrant Crisis Pushed US Homelessness to Record High in 2024The group of presidential aides, including the chief secretary, the director of national policy, and the national secu

Russian Gas Flows Via Ukraine to Europe Stop as Deal Expires

(Bloomberg) -- Russian gas flows to Europe via Ukraine stopped as a key transit deal expired, raising the stakes for the continent’s energy security as it draws heavily on reserves.Most Read from BloombergDetroit’s Michigan Central Is the Building Revival Story of 2024Burned Out Parents Need Better Public SpacesMigrant Crisis Pushed US Homelessness to Record High in 2024“Due to the repeated and explicit refusal of the Ukrainian side” to extend five-year agreements, Gazprom PJSC “was deprived of

Gazprom Says Gas Flows Via Ukraine Halted

(Bloomberg) -- Russia’s Gazprom PJSC halted natural gas supplies through Ukraine as its five-year transit agreements expired on Jan. 1 at 8 a.m. Moscow time.Most Read from BloombergDetroit’s Michigan Central Is the Building Revival Story of 2024Burned Out Parents Need Better Public SpacesMigrant Crisis Pushed US Homelessness to Record High in 2024“Due to the repeated and explicit refusal of the Ukrainian side to extend these agreements, Gazprom was deprived of the technical and legal opportunity

Macau Gaming Revenue Misses Estimate as Xi Visit Deters Bettors

(Bloomberg) -- Macau’s gaming revenue fell 2% in December, missing analysts’ expectations as scrutiny over gambling activities tightened during Chinese President Xi Jinping’s visit to the world’s biggest casino hub. Most Read from BloombergDetroit’s Michigan Central Is the Building Revival Story of 2024Burned Out Parents Need Better Public SpacesMigrant Crisis Pushed US Homelessness to Record High in 2024Gross gaming revenue reached 18.2 billion patacas ($2.3 billion) for the month, according to

5 ways to plan for long-term care costs in retirement

JPMorgan strategist Sharon Carson discusses innovative approaches to tackle the unpredictable costs and needs of long-term care in retirement.

GLP-1 questions emerge for 2025

The 2025 outlook for GLP-1s isn't as bullish as it once was, but all hope is not lost.

Here's where Wall Street sees stocks heading after the best 2-year stretch since '97-'98

Wall Street strategists see further gains for the S&P 500 in 2025 as a broadening of earnings growth and a resilient US economy continue to drive the bull market rally.

Super Micro stock had a wild ride in 2024 — here's why

Super Micro stock is set to notch a yearly gain of 6%, but shares remain far below highs near $120 in mid-March.

Why Bill Ackman is 'confident' Trump will privatize Fannie Mae and Freddie Mac

Billionaire investor Bill Ackman is stoking new speculation that the Trump administration could end one of the oldest fights on Wall Street by loosening the federal government’s grip over Freddie Mac and Fannie Mae.

Is Intel stock done going down?

Here's why this tech investor thinks Intel has a lot of proving to do.

10 stocks retail investors craved in 2024

It has been another great year for retail investors.

A standoff between BlackRock and the FDIC is dragging into 2025

A clash between BlackRock and the FDIC over the money manager’s holdings of US banks will play out in the waning days of President Joe Biden’s administration.

Stock market today: Stocks slide as Wall Street's year of 20% gains ends on a quiet note

US stocks slipped Tuesday, continuing an uncharacteristic limp to the finish after a roaring year of trading.

Travel demand is on the rise in 2025 — along with more deals

A record number of travelers are expected to take to the skies next year, seeking out destinations made popular on TV as well as outlying settings where relaxation is the goal.

South Korea’s Export Momentum Grows on Demand From China

(Bloomberg) -- South Korea’s exports maintained growth momentum in December as demand from China increased while semiconductor sales stayed resilient.Most Read from BloombergDetroit’s Michigan Central Is the Building Revival Story of 2024Burned Out Parents Need Better Public SpacesMigrant Crisis Pushed US Homelessness to Record High in 2024The value of shipments adjusted for working-day differences increased 4.3% from a year earlier in December, according to data released Wednesday by the trade

US Judge Resets Bidding for Oil Refiner Citgo, Creating Competition for Elliott

(Bloomberg) -- A US judge reset the bidding process for the parent company of Citgo Petroleum Corp. late Tuesday, a move that is poised to create competition for Elliott Investment Management’s pursuit of the oil refiner. Most Read from BloombergDetroit’s Michigan Central Is the Building Revival Story of 2024Burned Out Parents Need Better Public SpacesMigrant Crisis Pushed US Homelessness to Record High in 2024Judge Leonard Stark ordered the bidding for the company to be reopened, allowing for n

Big Lots Wins Approval of Rescue Deal After Creditor Backlash

(Bloomberg) -- Bankrupt retailer Big Lots Inc. won court approval of a rescue deal to save some of its stores from shutting-down despite challenges from vendors that claimed the deal unfairly saddles them with steep losses. Most Read from BloombergDetroit’s Michigan Central Is the Building Revival Story of 2024Burned Out Parents Need Better Public SpacesMigrant Crisis Pushed US Homelessness to Record High in 2024Judge J. Kate Stickles said late Tuesday she’d approve a sale of the retailer to Gor

How $10,000 Fared in 2024 Across a Range of Standout Investments

(Bloomberg) -- Wars in Europe and the Middle East. Global political upheaval. Angst over a potential US recession. These and other pitfalls stalked markets in 2024 but in the end investors who embraced risk reaped the rewards.Most Read from BloombergDetroit’s Michigan Central Is the Building Revival Story of 2024Burned Out Parents Need Better Public SpacesMigrant Crisis Pushed US Homelessness to Record High in 2024Relatively constrained volatility across assets provided a foundation for the gain

Citigroup joins US lenders in exiting Net-Zero Banking Alliance

This move makes Citigroup the third major U.S. lender to exit the group after Wells Fargo and Goldman Sachs, which both left earlier this month. Financial firms, historically criticized for their connections to the fossil fuel industry, have made efforts to incorporate net-zero standards more prominently into their operations. Citi said it had made progress towards its own net-zero goals and decided to leave the NZBA.

Citigroup, BofA join US lenders in exiting Net-Zero Banking Alliance

They follow Wells Fargo and Goldman Sachs, which both left the alliance earlier this month. Financial firms, historically criticized for their connections to the fossil fuel industry, have made efforts to incorporate net-zero standards more prominently into their operations. Citi said it had made progress toward its own net-zero goals and decided to leave the NZBA.