Gold Prices Dip as Market Eyes Economic Data and Incoming Trump Administration
Gold prices edged lower on December 30, 2024, amid thin holiday trading. Investors are closely watching upcoming U.S. economic data and potential policy shifts under the incoming Trump administration for market direction.
Dec 30, 2024 3:17 PM EST
U.S. Pending Home Sales Reach 21-Month High in November Amid Rising Inventory
Pending home sales in the U.S. surged to a 21-month high in November, marking the fourth consecutive month of increases. The rise is driven by higher inventory and buyers adapting to elevated mortgage rates.
Nvidia Completes $700 Million Acquisition of AI Firm Run:ai Despite Regulatory Scrutiny
Nvidia has finalized its $700 million acquisition of AI company Run:ai, after overcoming regulatory hurdles in both the U.S. and Europe. The deal strengthens Nvidia's AI infrastructure and software capabilities, positioning it for continued leadership in the industry.
Global Equity Funds Surge with Record Inflows Amid U.S. Inflation Relief
Global equity funds saw $34.38 billion in inflows, led by U.S. markets, driven by easing inflation. However, bond outflows and selective sectoral investments highlight cautious optimism amid economic uncertainties.
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U.S. Holiday Spending Rises 3.8% in 2024, Driven by Online Sales and Value Deals
U.S. holiday spending grew by 3.8% in 2024, fueled by a 6.7% rise in online sales. Consumers prioritized value-driven purchases, showcasing resilience amid economic challenges and shorter shopping periods.
Dec 28, 2024 5:52 AM EST
Bank of Japan Signals Imminent Rate Hike Amid Economic Stability
The Bank of Japan signals a potential rate hike, citing economic stability but monitoring uncertainties. Inflation and mixed economic data influence cautious decisions, with the next review set for January 2025.
Dec 27, 2024 9:56 AM EST
U.S. Jobless Claims Drop Slightly, Continuing Claims Hit 3-Year High
This mixed picture reflects an evolving labor market that remains relatively strong but is increasingly facing pressures that could influence broader economic trends in the coming months.
Dec 27, 2024 2:17 AM EST
US Banks File Lawsuit Against Federal Reserve Over Lack of Transparency in Stress Testing Framework
Major US banking groups have sued the Federal Reserve, alleging its opaque stress testing framework violates federal laws, hindering transparency and economic growth. The lawsuit seeks reforms to ensure accountability and public input.
Dec 25, 2024 2:36 PM EST
Decline in U.S. Consumer Confidence Raises Recession Concerns Despite Economic Resilience
U.S. consumer confidence fell in December, sparking recession concerns. While retail sales and GDP growth show resilience, inflation, interest rates, and global uncertainties continue to challenge economic stability and outlook.
Dec 25, 2024 2:09 PM EST
Evolve Bank Faces Legal Battles as Missing Funds and Ransomware Attack Shake Trust
Evolve Bank grapples with missing customer funds and legal disputes following Synapse's collapse, compounded by a ransomware attack. The crisis highlights risks within fintech partnerships and raises concerns over customer trust.
Dec 25, 2024 8:15 AM EST
U.S. Treasury Yields Decline Amid Moderating Inflation and Investor Caution
U.S. Treasury yields fell as moderating inflation, cautious Federal Reserve policies, and heightened demand for safe-haven assets influenced markets. Investors are closely watching economic data and global developments for future trends.
Dec 25, 2024 7:52 AM EST
U.S. Launches Investigation into Chinese Semiconductors Amid National Security Concerns
The U.S. is investigating Chinese semiconductors for national security risks, potentially imposing tariffs or restrictions. The inquiry focuses on older chips, with implications for industries and ongoing U.S.-China trade tensions.
Dec 24, 2024 9:02 AM EST
UK Economy Faces Stagnation, Raising Alarm Bells for Policymakers
The UK economy stagnated in Q3 2024, with zero growth, high inflation, and reduced consumer spending. Policymakers face mounting pressure to implement measures addressing economic challenges and fostering long-term recovery.
Dec 24, 2024 9:02 AM EST
Donald Trump Jr. Joins Unusual Machines Advisory Board, Sparking Stock Surge
Donald Trump Jr. joins Unusual Machines' advisory board, boosting stock and advancing U.S. drone manufacturing to counter Chinese dominance.
Dec 24, 2024 9:01 AM EST
Honda and Nissan Explore Historic Business Integration to Create Third-Largest Global Automaker
Honda and Nissan are considering a business integration that could create the third-largest global automaker, generating annual revenues of 30 trillion yen. Mitsubishi is also involved in the discussions, focusing on electrification and vehicle intelligence.
Dec 24, 2024 9:00 AM EST
Trump Warns Europe: Buy More U.S. Oil and Gas or Face Tariffs
Trump warned the EU to buy more U.S. oil and gas to reduce trade deficits or face tariffs. The ultimatum raises trade tensions, impacting energy markets and transatlantic economic relations.
Dec 20, 2024 1:46 PM EST
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