November 12, 2024
Business - 11/12
πŸ’Ό FTX Sues Binance for $1.8B , πŸ“ˆ Bitcoin Surges Post-Trump Election Win ...
πŸ’Ό FTX Sues Binance for $1.8B FTX is suing Binance for approximately $1.8 billion claiming fraudulent fund transfers and damaging tweets. πŸ“ˆ Bitcoin Surges Post-Trump Election Win Bitcoin surged to nearly $88,000 after Trump, a new crypto supporter, was elected, signaling support for digital assets. πŸ“Š S&P 500 Reaches Historic 6,000 Milestone The S&P 500 hits a milestone of 6,000, marking significant growth for the index this year. πŸš€ Stock Market Soars Amid Tesla Rally The stock market experiences a resurgence of FOMO, with Tesla and crypto stocks leading the rally. πŸ“… Wall Street Eyes Year-End Surge Wall Street investors anticipate a robust year-end market pursuit, driven by recent gains. πŸ’‘ BlackRock Expands with New ETFs BlackRock targets the money-market fund sector with new ETF initiatives to broaden its portfolio. πŸ“ˆ Dow Jones Breaks 44,000 Record U.S. stock indexes hit record highs, with the Dow Jones surpassing 44,000 for the first time. πŸ”₯ Natural Gas Prices Spike on Forecasts Natural-gas futures saw their largest increase since February due to decreased production and colder forecasts. πŸ’° MicroStrategy Bolsters Bitcoin Holdings MicroStrategy invested over $2B in Bitcoin, pushing its total holdings to $23B, while crypto-linked stocks also saw significant gains. πŸ’§ Desalination Market to Double by 2032 The global desalination market is anticipated to more than double by 2032, reflecting growing demand for converting saltwater to freshwater. πŸ’² China Unveils $1.4 Trillion Stimulus China announced a $1.4 trillion debt package to stimulate its economy, still recovering from the pandemic. 🚁 Walmart Expands Drone Deliveries in Texas Walmart expanded its drone delivery service to cover a large area of Dallas-Fort Worth, claiming the largest drone delivery footprint among U.S. retailers.
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