• Dec 16, 2024

Swiss economy to grow 1.5% next year, government forecasts

The Swiss economy will grow by 1.5% next year, the government forecast on Tuesday, slightly revising down its outlook for one of Europe's traditionally most resilient economies. Switzerland's export-oriented economy had previously been forecast to grow by 1.2% this year and 1.6% next year, the State Secretariat for Economic Affairs (SECO) said. SECO said domestic demand is likely to be a key driver of growth next year in Switzerland, which is having to weather subdued demand for its goods in Germany and China.

• Dec 16, 2024

Revolut to Strengthen Crypto Fraud Protections With Added Security, Risk Scores

The Revolut Pay enhanced due diligence API will be rolled out to crypto customers from start of 2025.

• Dec 16, 2024

Palantir’s high valuation paints a stark picture of the S&P 500’s priciest picks

You have probably seen warnings that after two years of double-digit gains for the S 500, stocks are getting pricey. Then again, you find warnings that the sky is about to fall down every day in the financial media.

• Dec 16, 2024

One popular Wall Street indicator flashes stock-market sell signal

Professional investors have become “super bullish” on stocks, according to a popular Bank of America survey. That doesn’t bode well for the market’s short-term returns.

• Dec 16, 2024

Bank of Korea board members see need to respond to slowing economy, minutes show

South Korea's monetary policy board members said there was a need to respond quickly and preemptively to a slowing economy, as they decided to lower interest rates for a second straight meeting on Nov. 28, according to minutes released on Tuesday. "It is deemed more urgent at this time to respond preemptively to downward pressure on the economy," one member said. "As rate cuts alone will be insufficient to control the risks at hand, there is a critical need for timely and flexible policy coordination with fiscal policy," the member said.

• Dec 16, 2024

MicroStrategy Buys 15,350 Bitcoin for $1.5 Billion, Bringing Total to 439,000 BTC as Stock Gains Momentum

MicroStrategy has acquired 15,350 Bitcoin between Dec. 9 and Dec. 15 for approximately $1.5 billion, at an average price of $100,386 per BTC.

• Dec 16, 2024

These Bank of America analysts say it’s too late to avoid a market bust — but the Magnificent Seven stocks will still outperform

The stocks of the ‘Magnificent Seven’ technology giants will likely continue to outperform in 2025, even though a market crash is now “inevitable,” Bank of America’s analysts have said.

• Dec 16, 2024

Top investor dubs U.K. a ‘banana economy’ with a ‘build absolutely nothing anywhere near anything’ mantra

PIC says the U.K.’s stunted planning policy is leaving $250 billion for viable projects unused.

• Dec 16, 2024

British Columbia Maintains Bitcoin Mining Ban Despite Vancouver's 'BTC-Friendly City' Motion

The Province home to Vancouver – which is exploring becoming a bitcoin-friendly city – maintains a ban on mining to preserve power for clean energy initiatives.

• Dec 16, 2024

Over 90% of market players expect BOJ to keep rates steady this week, survey shows

Over 90% of market participants expect the Bank of Japan to keep interest rates steady at this week's policy meeting, a survey by money market brokerage Ueda Yagi Tanshi showed on Tuesday. The survey was conducted on Dec. 12-16 targeting 150 banks, securities firms, insurers and other financial institutions, ahead of the central bank's two-day meeting ending on Thursday. Of the total, 91% said they expect the central bank to keep short-term interest rates unchanged at 0.25% this week.