• Dec 23, 2024

Crypto Exchange’s Outflows Swell on North Korean Trader Concern

(Bloomberg) -- Hyperliquid, a crypto-derivatives trading platform, suffered its biggest-ever daily outflow as traders rushed to remove funds amid concern that North Korean hackers were trading on the exchange. 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 Midl

  • Dec 23, 2024

Bitcoin, Bitget, Dogecoin, Solana, and more: Cryptocurrencies to watch this week

The cryptocurrency market is experiencing a decline as the holiday season begins. With many investors pausing their usual spending and investment activity, the market is experiencing a temporary lull. However, this slowdown is likely temporary, and investors are expected to return with renewed energy as the new year brings fresh opportunities.

  • Dec 23, 2024

Five Key Charts to Watch in Global Commodity Markets This Week

(Bloomberg) -- Volatile weather and the US bird-flu outbreak are making the upcoming holiday menu more expensive as the price of coffee, cocoa and eggs soar. Meanwhile, OPEC expects oil demand to climb in 2025, driven by China, India and other Asian nations. Electricity use also is rising, with a key North American agency revising its projections significantly upward. Also revised higher is demand for coal, contrary to earlier estimates that said its use peaked last year.Most Read from Bloomberg

  • Dec 23, 2024

Wall Street Sides With Fed and Sees Lower US Bond Yields in 2025

(Bloomberg) -- Wall Street is taking its cues from the Federal Reserve, forecasting short-term US Treasury yields to fall in 2025 despite the looming threat of President-elect Donald Trump’s trade and tax policies on the bond market.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 Mo

  • 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