• Dec 22, 2024

Wall Street’s ‘Santa Claus rally’ window is about to open with the Dow down in December

Stocks have struggled ahead of the holidays despite Friday’s rally.

• Dec 22, 2024

Fed’s Daly Reveals Her Bullishness for AI-Driven Productivity

(Bloomberg) -- Mary Daly was a young economist at the Federal Reserve Bank of San Francisco in the late 1990s when she helped then-Chair Alan Greenspan identify the last great surge in US productivity. She’s starting to think it’s happening again, driven this time by artificial intelligence.Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayReviving a Little-Known Modernist Landmark in BuffaloThe Architects Who Built MiamiNew York’s Congestion Pricing Plan Still

• Dec 22, 2024

Indian Banks Lobby RBI to Approve New Benchmark for Swaps Market

(Bloomberg) -- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayReviving a Little-Known Modernist Landmark in BuffaloThe Architects Who Built MiamiNew York’s Congestion Pricing Plan Still Faces Legal HurdlesNew York City’s Historic Preservation Movement Is Having a Midlife CrisisA group of Indian lenders has asked the centra

• Dec 22, 2024

More Pain Likely, Market Expert Says After Bitcoin's Biggest Loss Since August

BTC may remain on the defensive for some time, presenting a "buy the dip" opportunity to investors, according to Bitwise's Andre Dragosch.

• Dec 22, 2024

Jump Crypto Subsidiary Tai Mo Shan to Pay $123 Million to Settle SEC Charges Over TerraUSD Manipulation

Jump Crypto's subsidiary, Tai Mo Shan, has agreed to pay a $123 million settlement with the U.S. Securities and Exchange Commission (SEC).

• Dec 22, 2024

Trump Appoints Former College Football Player Bo Hines as Executive Director of New Crypto Council

Donald Trump has appointed Bo Hines, a former college football player and Republican congressional candidate, as the Executive Director of the Presidential Council of Advisers.

• Dec 22, 2024

Bitcoin Social Sentiment Hits Yearly Low as Price Faces Correction, Signals Potential Recovery Above $100,000

Bitcoin's social sentiment has dropped to its lowest point of 2024, with the ratio of positive to negative comments falling to 4:5.

• Dec 22, 2024

Trump Names Crypto-Friendly Stephen Miran as Chair of Council of Economic Advisers

The Council of Economic Advisors is tasked with providing the President advice on economic issues.

• Dec 22, 2024

Singapore Nov core inflation at 1.9% y/y, lowest in almost 3 years

Singapore's key consumer price gauge rose 1.9% in November on a yearly basis, lower than economists' forecasts and the smallest rise in nearly three years, official data showed on Monday. The core inflation rate - which excludes private road transport and accommodation costs - was lower than the 2.1% forecast by a Reuters poll of economists and compared with a 2.1% rise seen in October. Headline inflation was 1.6% in annual terms in November, lower than the 1.8% expected in the poll.

• Dec 22, 2024

Markets in 2024: Wall Street's high-octane rally keeps investors captive to the US

Markets that began the year with investors expecting a global stock rally to fizzle, swift U.S. interest rate cuts to boost Treasuries and soften the dollar and emerging market currencies to strengthen have firmly defied that consensus. That comes mostly thanks to a second year of huge gains for Wall Street stocks as artificial intelligence fever and robust economic growth sucked more global capital into U.S. assets and took the dollar up 7% against peers in 2024. U.S. exuberance rose after Donald Trump's Nov. 5 election win, as traders focused on the President-elect's plans for tax cuts and deregulation, with the surge in animal spirits propelling cryptocurrency bitcoin to a 128% annual gain.