Tag: Bloomberg
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Stock Rotation Is Back on Bets Fed Will ‘Go Big’: Markets Wrap
(Bloomberg) -- Wall Street traders revived prospects for a half-point Federal Reserve rate cut next week, spurring a rotation into stocks that would benefit...
MicroStrategy’s Latest $1.1 Billion Bitcoin Purchase Is Largest Since 2021
(Bloomberg) -- MicroStrategy Inc. purchased 18,300 Bitcoin for around $1.11 billion, the largest acquisition of the digital asset by the crypto hedge-fund proxy in...
China’s First Retirement Age Hike Since 1978 Triggers Discontent
(Bloomberg) -- China will raise the retirement age for the first time since 1978, a move that could stem a decline in the labor...
Traders revive chance of half-point Fed cut with just days to go
(Bloomberg) — Traders are entertaining the prospect of a large Federal Reserve interest-rate cut once again, spurring a rally in US government bonds and...
Oracle Sees $104 Billion Sales in Fiscal 2029 on Cloud Expansion
(Bloomberg) -- Oracle Corp. said annual revenue will rise to at least $104 billion in fiscal 2029, an optimistic signal on the growth prospects...