Crypto Daybook Americas: Bitcoin Risks Losing Key Support Zone as Risk Assets Struggle
Your day-ahead look for Jan. 13, 2025
Analyst revisits Nvidia stock price target amid correction slump
Nvidia shares have lost more than $330 billion in value since their recent closing high on Jan. 6.
Standard Chartered opens door to EU digital asset market
The bank’s entity marks a significant step in its global digital asset strategy with Luxembourg licence.
Luxury market growth will be minimal until at least 2027: report
A new study from McKinsey indicates that jewelry and leather goods will see the most growth, with the U.S. outpacing the rest of the world in luxury spending.
US oil refiners brace for a tough year as investor sentiment turns negative
Investors are souring on the U.S. oil refining sector, citing forecasts for softer fuel demand and worries that President-elect Donald Trump may slap tariffs on imports of crude. This followed two years of bumper profits as refiners cashed in on supply shortages caused by Russia's invasion of Ukraine and a post-pandemic recovery in demand. Shares of major refiners have fallen this year, and on average, analysts have lowered expectations for refiners' fourth-quarter earnings before interest, taxes and amortization (EBITA) by 24% since the start of the quarter, Tudor, Pickering, Holt & Co analyst Matthew Blair said in a note.
Top 25 global banks post 27% increase in market cap in 2024, reveals GlobalData
JPMorgan Chase continues to lead the way; Goldman Sachs and Agricultural Bank of China market caps both rise by over 40% while TD Bank loses over 20%
Robust US economy may not need Trump's big reforms
U.S. President-elect Donald Trump campaigned on promises of aggressive import tariffs, strict immigration curbs, deregulation and smaller government, but the economy he inherits next week may be screaming for something different. With output expanding above trend, the labor market near maximum employment and adding jobs, and the embers of inflation still smoldering, Trump may be launching his promised reforms into an economy less in need of the sort of stimulus his 2017 tax cuts provided. As a stock selloff following last week's strong December jobs report showed, it may also be prone to correction given high asset values and a bond market that has been moving yields higher.
Looking to buy your first home? These markets are your best bet in 2025
Countless Americans are looking to buy a house -- they just can't afford it. These markets are the best options for prospective first-time homebuyers, and some might surprise you.
Best money market account rates today: January 13, 2025 (earn up to 4.85% APY)
Money market account interest rates today are well above historical norms. Find out where to get the best MMA rates.
Wall Street Eyes Cheap Hedges for Stock Rally Showing Strains
(Bloomberg) -- Investors are starting 2025 with a conundrum: how to protect against potentially bigger risks while not missing out on a stock-market rally.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNew York, San Francisco Ranked Worst for US Traffic in City CentersOn the one hand, just about every sell-side strategist has an S&P 500 Index target above current levels, and the US economy r
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