‘Tis the season for Santa, and many in the stock market are waiting for an appearance from the jolly old man. Whether or not there will be a so-called Santa Claus rally this year remains to be seen, but if there is one, experts say there are some investment moves worth making to reap benefits.
Bitcoin Surges Past $42,000, Token Up 150% This Year
Bitcoin topped $42,000 as frenzied speculation in cryptocurrencies gathers pace, extending the largest digital token’s rally to more than 150% this year. Investors are hopeful a spot Bitcoin ETF approval is coming soon. Bloomberg's Isabelle Lee reports.
World Bank Sees Private Sector Crucial to Climate Fight
World Bank President Ajay Banga discusses committing to 45% of annual financing going to climate by 2025 and the importance of private sector investment in climate change initiatives. He speaks with Jennifer Zabasajja on the sidelines of the COP28 summit in Dubai.
Stella McCartney: We Need Policy Change in Fashion Industry
Fashion Designer and Climate Activist Stella McCartney discusses sustainable fashion, collaborating with other designers to inform people to consume less and needing incentives in the future, a policy change in the industry to help it become cleaner. She spoke with Bloomberg's Francine Lacqua at COP28 Climate Conference in Dubai.
Ford CFO John Lawler says the automaker must “work on driving productivity and efficiencies” to lower the cost and hours to produce vehicles. The company restored financial guidance Thursday, saying profits would come in lower than earlier projections due to rising labor costs.