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  • Dec 23, 2024

Wall Street opens mixed as holiday-shortened week starts

Wall Street's main indexes were mixed at the start of a holiday-shortened week on Monday, after a stopgap government funding bill averted a partial shutdown and investors braced for a slower pace of rate cuts from the U.S. central bank next year. At 09:45 am ET, the Dow Jones Industrial Average fell 132.48 points, or 0.32%, to 42,704.92, the S&P 500 gained 1.04 points, or 0.01%, to 5,931.36, and the Nasdaq Composite gained 57.63 points, or 0.31%, to 19,630.23. Most heavyweight megacap and growth stocks gained, with Nvidia adding 1.6% and Meta Platforms up 1.4%, buoying the S&P 500 and the tech-heavy Nasdaq.

  • Dec 23, 2024

Mexico’s Inflation Ticks Down, Backing Gradual Pace of Interest Rate Cuts

(Bloomberg) -- Mexico’s annual inflation slowed slightly less than expected in early December as services prices remained pressured, supporting the central bank’s cautious stance as it extends interest rate cuts.Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayThe Architects Who Built MiamiReviving a Little-Known Modernist Landmark in BuffaloNew York’s Congestion Pricing Plan Still Faces Legal HurdlesNew York City’s Historic Preservation Movement Is Having a Mi

  • Dec 23, 2024

Who Votes on Fed Policy Next Year Is Changing. Here’s What to Know

(Bloomberg) -- New voters are set to rotate onto the Federal Reserve’s interest-rate-setting committee just as renewed inflation concerns inject a fresh layer of complexity into the central bank’s decision making. Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayThe Architects Who Built MiamiReviving a Little-Known Modernist Landmark in BuffaloNew York’s Congestion Pricing Plan Still Faces Legal HurdlesNew York City’s Historic Preservation Movement Is Having a

  • Dec 23, 2024

Bitcoin's 2025 Outlook Suddenly Looks Uncertain: Here's Why

As 2025 approaches, Bitcoin (CRYPTO: BTC) finds itself navigating a shifting macroeconomic landscape, with fading tailwinds raising concerns about sustained momentum, according to a report. What Happened: The Federal Reserve’s hawkish stance, coupled with broader macroeconomic headwinds, suggests a year of heightened caution for traders and investors, 10x Research report on Friday stated. “Some indicators we monitor suggest that the air is getting thinner,” the report cautioned. This sentiment n

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