Stock market today: Dow soars 498 points as stocks bounce back from Fed-fueled plunge
A cooler-than-expected PCE print for the month of November has Fed president Austan Goolsbee encouraged about future interest rate cuts.
Nvidia stock has another 23% upside and the success of Blackwell will be the chipmaker's big story of 2025, Morgan Stanley says
Morgan Stanley said Nvidia stock is its top pick heading into 2025, and success of Blackwell should dispel investors' lingering concerns.
Video game stocks look poised to soar amid a stacked 2025 release calendar, research firm says
Ned Davis Research called Grand Theft Auto VI the "800 pound gorilla" that will drive a sales boom for the video game industry.
The market's top stocks need to keep winning to hold back a 'stealth correction,' Bank of America says
If the Magnificent Seven and Treasurys can hold at current levels, BofA says that recent lows following Wednesday's Fed meeting are a buying opportunity.
Dow shoots up 750 points as market rebounds after midweek sell-off
The stock market surge accelerated midmorning after dovish comments from Fed president Austan Goolsbee. PCE inflation was cooler than expected.
The stock market is sending a worrying signal that 2025 is going to be a tough year
"Market tops have to start somewhere, and many begin with breadth divergences," Ned Davis Research said.
Singapore Stocks’ Best Year Since 2017 Masks Downbeat Outlook
(Bloomberg) -- Singapore’s main stock index is on track to have its best annual performance since 2017, but any celebrations over the Straits Times Index’s 15% gain so far this year are likely to be overshadowed by doubts about what lies ahead. Most Read from BloombergThe 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 Midlife CrisisNYPD Car Chases
Exclusive-Northern Oil and Gas in bid to acquire smaller rival Granite Ridge, sources say
(Reuters) -Northern Oil and Gas has made an acquisition offer for Granite Ridge Resources, a smaller U.S. producer with operations in basins including the Permian and Eagle Ford, according to people familiar with the matter. Minneapolis, Minnesota-based Northern has submitted at least two offers for Granite Ridge, the sources said, adding the latest bid, made in recent weeks, was at a roughly 20% premium to the target's share price. While Granite Ridge's management has rebuffed the overtures so far, Northern remains interested in a deal and could sweeten its offer next year, the sources said, requesting anonymity as the discussions are confidential.
Bitcoin slides below $100,000, Federal Reserve's Powell rejects bitcoin reserve
The global crypto market cap dipped by 1.2%, reaching $3.52 trillion, according to CoinGecko.
Novo Nordisk stock plunges 20% after a trial of its latest weight loss drug disappoints
The Ozempic maker's stock tanked after its highly anticipated CagriSema drug trial showed an average of 22.7% weight loss, below expectations for 25%.