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MicroStrategy’s Bitcoin Play Raises Questions About Nasdaq 100 Inclusion

(Bloomberg) -- Michael Saylor’s MicroStrategy Inc. checks all the boxes for inclusion in the Nasdaq 100 Index, a development that would trigger purchases of the shares by the $451 billion worth of exchange-traded funds around the world that directly track the benchmark.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersHong Kong's Expat Party Hub Reshaped by Chinese InfluxAmerican Institute of Architects CEO ResignsCity Hall Is HiringCloud Computing Tax Threatens Chi

Oil Gains on Potential Tighter Russian Sanctions, Algo Buying

(Bloomberg) -- Oil rose on the possibility of tighter sanctions on Russian crude, and algorithmic buying activity extended gains after US inventory data kept prices above a key technical floor. Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersHong Kong's Expat Party Hub Reshaped by Chinese InfluxAmerican Institute of Architects CEO ResignsCity Hall Is HiringCloud Computing Tax Threatens Chicago’s Silicon Valley DreamWest Texas Intermediate climbed 2.5% to settle ab

Argentina inflation hits four-year low as locals dare to hope the worst is over

BUENOS AIRES (Reuters) -Argentina's monthly inflation rate slowed to 2.4% in November, the lowest in over four years, the official INDEC statistics agency said on Wednesday, as locals began to warily hope the worst of a biting economic crisis might be over. The South American nation, facing a tough austerity drive by libertarian President Javier Milei, saw the monthly figure come in well below forecasts of 2.8% and lower than 2.7% a month earlier.