📈 Stocks / Finance

IEA forecasts oil at $25 per barrel by 2050 as clean energy rises

Yahoo Finance

The IEA's latest report highlights that by 2050, oil prices could drop to $25 per barrel if net zero emissions goals are met. Clean energy will fulfill nearly all demand growth between 2023-2035, with electric vehicles displacing 6 million barrels of oil per day by 2030.

Dollar pauses after rally, retains bullish outlook

Reuters

The U.S. dollar pulled back slightly on Friday, ending five days of gains, as global stocks surged due to China's stimulus measures. Despite this dip, the dollar index remains up 2.7% for the month. U.S. rate futures suggest a 95% chance of a Fed rate cut next month.

Small-cap stock picking may improve returns amid market shifts

CNBC

Rob Harvey of Dimensional U.S. Small Cap ETF advocates for actively managing small-cap investments by excluding unprofitable companies to boost returns. Despite this approach, the ETF is underperforming the Russell 2000 by over 1% year-to-date.

🪙 Crypto

Pro-crypto PAC Fairshake spends $29 million in House races as election nears

CNBC

Fairshake, a leading pro-crypto PAC, disbursed nearly $29 million in September, targeting tight House races, particularly in California. Crypto-related political donations have surged, with $190 million spent in 2024, including over $130 million in congressional races.

🌎 Global Economy

Putin claims BRICS will eclipse the West in global economic growth

CNBC

At the BRICS Business Forum, Putin stated that BRICS will soon account for the majority of global GDP growth, positioning the group as a counterweight to the West. He outlined initiatives such as a SWIFT-like system, increased use of national currencies, and tech investment.

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