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Societe Generale notes Norway’s central bank kept its policy rate unchanged at 4.25% and softened its hawkish tone. The bank still anticipates one further rate increase, but removed explicit guidance for a near-term hike.
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Hyperscale Data sold 685 bitcoin for approximately $43 million as it reduced debt and funded its Michigan AI data center.
Bank of America’s chief equity strategist Michael Hartnett, expects that debt milestone will be reached by 2029. That’s creating some preferences for stocks over bonds.
“In the absence of a federal consumer privacy framework, both consumers and businesses are paying the price,” one company founder writes.
The S&P 500 is in position for a rare fourth year of consecutive annual gains. Risks are rising, our columnist says, yet Wall Street is doubling down.