AI
Bitcoin tops $106,000, hopes grow for strategic reserve
Bitcoin hit a record high above $106,000 after President-elect Donald Trump suggested he plans to create a U.S. bitcoin strategic reserve similar to its strategic oil reserve.
Business
U.S. Inflation Increases 2.7% In November, Going Up For Second Consecutive Month In A Row
The latest report revealed by the Labor Department showed that U.S. inflation rose in November from the pace it set a month earlier, going up for the second month in a row.
2024
Time Reveals Short List For Its 2024 ‘Person Of The Year’
Time Magazine has revealed their short list of ten influential people for its 2024 Person of the Year.
2026
Trump Says He Won’t Try To Remove Fed Chair Jerome Powell Despite Past Disagreements
President-elect Donald Trump stated that he will not remove Federal Reserve Chair Jerome Powell.
Advanced Micro Devices
S&P 500, Nasdaq marginally lower as chip stocks fall; focus on inflation data
The S&P 500 and the Nasdaq were slightly lower on Monday after notching record closing highs in the previous session, as losses in chip stocks including Nvidia weighed.
airbnb
S&P 500, Dow set for best week this year on Trump win, rate cut
The S&P 500 and the Dow edged higher on Friday, putting them on course for their best week this year, as a sweeping Trump victory powered bets of a business-friendly agenda.
banks
Fed Cuts Interest Rates Again, Fed Chair Powell Says He Won’t Resign
The Federal Reserve lowered the federal funds rate for a second consecutive time on Thursday.
borrowing costs
US consumer confidence ebbs in September on labor market fears
U.S. consumer confidence unexpectedly fell in September amid mounting worries over the health of the labor market.
Barclays
Fed to cut rates by 25bps in Nov and Dec, approach neutral level sooner
The U.S. Federal Reserve will cut the federal funds rate by 25 basis points in both November and December.
Alphabet
Wall St subdued as investors await Fed decision with bated breath
Wall Street’s main indexes were flat as investors stepped onto the sidelines ahead of the Federal Reserve’s highly anticipated first interest rate cut in more than four years.