News - 2024-12-18

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In 2021, El Salvador became the first country in the world to make bitcoin acceptance mandatory.

The EU wants a trade deal with four South American nations, but France is strongly opposed.

Analysts are forecasting rates will stay at 4.75% after inflation rose for the second month in a row.

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Chinese autonomous trucking company TuSimple has rebranded to CreateAI, with a focus on video games and animation, the company announced Thursday.

Spain's state-owned shipbuilder is expected to confirm on Thursday that it is buying Harland and Wolff.

Wall Street was previously betting on the Fed keeping an aggressive rate-cutting stance through 2025, hoping to extend the bull market.

The New Politics

Dec 18, 2024, 5:52 PM

At the DealBook Summit, nine prominent political figures, advisers and journalists debated what drove Trump’s victory and what it means for politics going forward. Here’s what they said.

Some 58,000 properties have been affected by an outage after a fault at a water supply works.

The Federal Reserve cut rates for a third time this year, but investors shuddered at revised forecasts suggesting only two cuts in 2025.

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Honda and Nissan are reportedly in discussions about a potential merger between the Japanese automakers, and the rumors do not come as a surprise to industry experts.

Stocks eyed a rebound Wednesday, with the blue-chip Dow looking to snap its longest losing streak since 1978

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The Federal Reserve will take a more cautious approach to its easing cycle, according to the latest dot plot projections.

The government says there is a "huge" backlog for tests, with instructors branding the system a "nightmare".

The National Retail Federation, the nation's largest retail trade group, is sounding the alarm over retail theft, which the group argues is continuing to grow in scope and severity.

Officials have discovered the virus in 645 herds of dairy cattle, more than in any other state so far.

Stocks eyed a rebound Wednesday, with the blue-chip Dow looking to snap its longest losing streak since 1978

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The so-called dot-plot, which indicates individual members' expectations for rates, showed officials see interest rates falling to 3.9% by the end of 2025.

The Federal Reserve on Wednesday announced its decision on interest rates.

This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in November.

The Federal Reserve's policymakers announced that they will cut the benchmark federal funds rate by a quarter point in December, marking the central bank's third straight cut.

The Federal Reserve has been cutting rates since September, even as inflation progress stalls.

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The full retirement age for Social Security is set to increase in 2025, with the age for new retirees to claim and receive their full benefit rising to 66 years and 10 months.

The Federal Reserve reduced interest rates by a quarter percentage point Wednesday and scaled back the number of cuts it expects to make next year.

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Credit card companies may be illegally devaluing rewards points or airline miles that customers have accrued, the Consumer Financial Protection Bureau warned.

The US wants the app to be sold or banned because of what it says are links to the Chinese state.

Central bankers are alert to the risk that global trade tensions will make managing inflation more challenging.

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Federal Reserve officials are widely expected to cut interest rates, but investors will focus on hints about what comes next.

Whether it's meeting about taxes or deregulation, Kevin O'Leary believes America's top CEOs want to "suck up" to Trump for one overarching reason: power.

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Biden officials recently proposed allowing Medicare to start covering GLP-1 medications to treat obesity. It's unclear whether Trump's administration will see it through.

Investors widely expect the Federal Reserve to cut interest rates Wednesday by a quarter percentage point, but their bigger question is whether the central bank is ready to scale back its expected cuts for 2025.

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Stocks eyed a rebound Wednesday, with the blue-chip Dow looking to snap its longest losing streak since 1978

Trump hasn’t said whether he’ll move against imported foods, but the effects on oil producers and consumers are already being debated.

Macy's needs to change its thinking in order to drive younger customers back to its brick-and-mortar stores, according to activist investor Barrington Capital.

Federal agencies are reviewing whether the tech mogul and ally of Donald Trump complied with disclosure rules meant to protect states secrets.

Inflation has hit its highest level for eight months, will prices continue to rise at a faster rate?

If you're looking for a unique gift to give this Christmas, consider stocks. The gift of stocks can get a loved one started on their investment journey, and has the potential to grow through time.

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December is shaping up to be a tale of two markets.

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(Bloomberg) -- Global stocks rebounded on Wednesday as investors awaited the Federal Reserve’s final policy decision of the year.Most Read from BloombergHow California Sees the World, and ItselfFutures contracts for the S&P 500 and Nasdaq 100 advanced 0.3% after both gauges retreated on Tuesday. The Stoxx 600 was set for its first day of gains in five sessions. Asian equities kept steady, snapping a three-day losing streak.Subscribe to the Bloomberg Daybreak podcast on Apple, Spotify or anywhere

Nvidia's Blackwell chip has taken the world by storm. For that reason, Yahoo Finance has selected Blackwell as its 2024 Product of the Year.

Federal Reserve officials are widely expected to cut interest rates, but investors will focus on hints about what comes next.

President-elect Donald J. Trump’s proposals on tariffs, immigration, taxes and deregulation may have far-reaching and contradictory effects, adding uncertainty to forecasts.

Talks started and finished on the same day, after Disney decided that fighting the lawsuit could potentially hurt the company and protections for the press.

A movement by some Democratic voters to investigate the results of the 2024 presidential election mirrors a push by Republicans in 2020. But it’s struggling.

A battle for control of the chain shows how traditional business models embraced by family owners are clashing with a more shareholder-centric approach.

(Bloomberg) -- Databricks Inc. is raising $10 billion in new funding, a massive cash injection that will bring the software maker’s valuation to $62 billion.Most Read from BloombergHow California Sees the World, and ItselfThe startup, which is among the world’s most highly valued closely held companies, “intends to invest this capital towards new AI products, acquisitions, and significant expansion of its international go-to-market operations,” according to a statement released Tuesday. The capi

Investors are watching whether UniCredit will proceed with a takeover venture of Germany's Commerzbank or Italian peer Banco BPM.

Campaigners say they will keep fighting on pensions after government rejects compensation.

Economists say the faster pace of price rises all but rules out an interest rate cut next week.

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Mechanical engineer Hazar Denli lost his job after publishing online concerns about an electric car.

The walkout could affect several facilities across the US during the busy holiday season.