Funding & Business
Citi's Chronert Says Fed Rate Cuts to Spur Year-End Rally
Scott Chronert, Citi US equity strategist and managing director, expects a pickup in US equity market volatility and then a year-end rally after the Federal Reserve rate-cut cycle starts. He speaks on “Bloomberg Open Interest.” (Source: Bloomberg)
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Billionaire Wes Edens’ New Fortress Energy Inc. has finalized a seven-year deal worth $4 billion to supply liquefied natural gas to Puerto Rico, the governor confirmed on Tuesday, giving the financially-strained company a shot in the arm.
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A rally that has taken US stocks to fresh records could experience turbulence in coming weeks before finishing the year with a flourish, according to Citadel Securities’ Scott Rubner.
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Tether Holdings SA unveiling a US-regulated stablecoin. The token will be launched in partnership with Cantor Fitzgerald LP and Anchorage Digital Bank NA and the project is designed to be compliant with the Genius Act. Tether CEO Paolo Ardoino and Tether USAT CEO Bo Hines join “Bloomberg Crypto” to discuss. (Source: Bloomberg)
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