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  • 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

  • Dec 13, 2024

Global equity funds see robust weekly inflows on hopes of Fed rate cut

Global equity funds attracted inflows for an 11th successive week through Dec. 11, supported by signs that a cooling U.S. labor market and stable consumer prices might facilitate a third consecutive rate cut by the Federal Reserve this month. Investors snapped up global equity funds worth a net $10.18 billion during the week, following about $21.19 billion worth of net purchases in the prior week, LSEG Lipper data showed. Last week's U.S. employment report showed a surge in job growth for November, rebounding from disruptions caused by hurricanes and strikes, but the unemployment rate increased to 4.2%, signaling a loosening labor market that could prompt the Federal Reserve to cut interest ...

  • Dec 13, 2024

Fed to Cut Once More Before Slowing Pace in 2025, Economists Say

(Bloomberg) -- Federal Reserve officials will lower interest rates this month for a third straight time and pare back the number of rate cuts they anticipate next year, according to economists surveyed by Bloomberg News.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 ResignsFed Chair Jerome Powell and his colleagues

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