• Dec 13, 2024

Day-Trader Spirits Prove Hard to Kill at Market’s Riskiest Edges

(Bloomberg) -- A five-day runup in Treasury yields finally tamped down the post-election fervor in big US stocks this week. Not so at the market’s speculative edges, where Bitcoin and its memed-up cousins keep testing the limits of speculative zeal.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsAs they have

• Dec 13, 2024

Truckload dry-van market continues to experience strong response to peak season

The SONAR National Truckload Index (NTI) has reached levels not seen in nearly two years, surging from $2.38 per mile to $2.52. The last time truckload spot rates were this high was on Jan. 23, 2023. The post Truckload dry-van market continues to experience strong response to peak season appeared first on FreightWaves.

• Dec 13, 2024

US stocks close flat as Nasdaq extends weekly gains, S&P 500 and Dow dip

U.S. stocks closed out the trading week near the unchanged mark in a subdued session on Friday, with the S&P 500 and Dow posting weekly declines, while the Nasdaq secured its fourth consecutive week of gains. Chip stocks were mixed, with Broadcom rival Marvell Technology rising 10.8%, while AI bellwether Nvidia closed 2.2% lower. Yields on U.S. Treasuries rose across the board, with ones on the benchmark 10-year bond hitting a three-week high.

• Dec 13, 2024

Brazil Central Bank Steps In to Cap Market’s ‘Unhinged’ Week

(Bloomberg) -- Brazil markets fell on Friday, capping a turbulent week for Latin America’s largest economy that saw its currency post some of the sharpest gains — and some of the sharpest losses — among global peers in the aftermath of an outsize interest rate hike and President Luiz Inacio Lula da Silva’s sudden health crisis.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfBrace for a Nationwide Shuffle of Corporate Headquar

• Dec 13, 2024

Stock market today: Wall Street ends mixed after a bumpy week

Major stock indexes on Wall Street drifted to a mixed finish Friday, capping a rare bumpy week for the market. The benchmark index posted a loss for the week, its first after three straight weekly gains. The Dow Jones Industrial Average slipped 0.2%, while the Nasdaq composite rose 0.1%, ending just below the record high it set on Wednesday.

• Dec 13, 2024

Wall Street Weighs ‘Hawkish Cut’ While Tech Shines: Markets Wrap

(Bloomberg) -- This year’s frontrunners, big technology stocks, set a record while Treasuries sank as investors braced for a slowdown in the pace of the Federal Reserve’s interest-rate cuts ahead of a meeting next week.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsThe Nasdaq 100 climbed for the fourth week

• Dec 13, 2024

UAE to Curb Oil Shipments Amid OPEC+ Push for Quota Discipline

(Bloomberg) -- The United Arab Emirates, a key member of OPEC+, will reduce oil shipments early next year as the alliance seeks stronger discipline in meeting production targets to shore up prices.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersHow California Sees the World, and ItselfCity Hall Is HiringAmerican Institute of Architects CEO ResignsAbu Dhabi National Oil Co., known Adnoc, has cut the allocation o

• Dec 13, 2024

US equity funds gain sixth weekly inflow on Fed rate cut expectations

U.S. investors snapped up equity funds for a sixth consecutive week through Dec. 11, spurred by the potential for a Federal Reserve interest rate cut at the upcoming meeting, amid signs of a moderating labor market and cooling inflation. They acquired a net $6.36 billion worth of U.S equity funds during the week, after a net $8.82 billion worth of additions in the previous week per LSEG Lipper data. Futures markets predict a 96.7% chance that the U.S. Federal Reserve would reduce rates by a quarter-point at its Dec. 17-18 meeting to support a cooling labor market with about 4.2% unemployment rate in November.

• Dec 13, 2024

Nano Labs says Bitcoin holdings exceed 360 BTC, valued at over $36M

Nano Labs (NA) announced that it has recently increased its Bitcoin (BTC) holdings through the licensed virtual asset exchange HashKey Exchange in Hong Kong. As of December 12, the company holds a total of approximately 360 Bitcoins, with a current value of approximately $36.22M. The average acquisition cost of its Bitcoin holdings is approximately $99,700 per BTC, inclusive of transaction fees. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news.

• Dec 13, 2024

Death of Nasdaq Diversity Rule Signals More Trouble for DEI

(Bloomberg) -- The message from Nasdaq as the Black Lives Matter movement exploded across the US: push for diversity – or prepare to explain.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsFour years later, a federal appeals court has struck down an attempt by Nasdaq’s US exchange – home of Apple Inc, Nvidia