Business

(Bloomberg) — A surge in Bitcoin has paused as traders assess the remaining market impact of President-elect Donald Trump’s rhetorical support for crypto. Most Read from Bloomberg The digital asset is up about 30% in the wake of Trump’s Nov. 5 election victory, hitting a record of $89,968 on Tuesday, …

HONG KONG (Reuters) – China’s Taiwan Affairs Office said on Wednesday that a U.S. order to Taiwan Semiconductor Manufacturing Co to halt shipments of advanced chips to some Chinese customers – as reported by Reuters – proved that the United States was “playing the Taiwan card” to raise tensions in …

(Bloomberg) — Spirit Airlines Inc. is closing in on a deal with creditors that would restructure its crushing debt load in bankruptcy court after discussions for a tie-up with rival Frontier Group Holdings Inc. fell apart. Most Read from Bloomberg In a filing late Tuesday, Spirit said it is in …

By Kevin Buckland TOKYO (Reuters) – Asian stocks slumped on Wednesday as a sharp rise in U.S. bond yields unnerved investors ahead of key inflation data that could inform the pace of Federal Reserve policy easing. Short-term Treasury yields jumped to the highest since late July overnight as the market …

(Bloomberg) — China started marketing dollar bonds in Saudi Arabia, marking the country’s first debt sale in the US currency since 2021. Most Read from Bloomberg It’s offering the three-year and five-year securities with initial price guidance of about 25 basis points and 30 basis points over the respective US …

President-elect Donald Trump was a frequent visitor to Michigan during the 2024 campaign.AP Photo/Alex Brandon Trump’s election win has sent the US stock market to fresh highs. Morgan Stanley says three risks could upend the ongoing Trump trade. The firm says investors should be closely monitoring bond yields and the …

(Bloomberg) — The dollar climbed for a fourth day and Asian stocks fell ahead of key inflation data that may further sap confidence in the pace of Federal Reserve interest-rate cuts. Most Read from Bloomberg Stock benchmarks in Tokyo and Sydney retreated after the S&P 500 slipped following its biggest …

A stock trader at work at the New York Stock Exchange on February 24, 2020.Johannes Eiselle/Getty Images Indexes edged up on Tuesday as markets eyed incoming inflation data this week. The rally slowed, but stocks added to records notched in Monday’s session. Bitcoin approached $90,000 as crypto markets continue to …

(Reuters) -Spirit Airlines (SAVE) is preparing to file for bankruptcy protection after merger talks with Frontier Airlines broke down, the Wall Street Journal reported, citing people familiar with the matter. The ultra-low cost carrier is in advanced discussions with bondholders to hammer out a bankruptcy plan that would have support …

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