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The dollar set for biggest weekly fall in four months on Thursday as expectations of further monetary easing in the United States deepened and political pressure on the Federal Reserve intensified. Thin liquidity during the Thanksgiving holiday added to sharp swings across major currencies, with the Japanese yen edging higher and the euro drifting lower … Read more
Alphabet hits record highs in early trading as Wall Street’s recovery rally continues, even as new warnings from investor Michael Burry, intensifying Ukraine peace negotiations and shifting expectations at the Federal Reserve reshape sentiment across global markets. The renewed optimism pushed the Dow more than 660 points higher Tuesday, extending a rebound fueled by hopes … Read more
Nvidia Corp.’s recent stock decline has sparked debate among investors and market analysts over whether the selloff reflects fundamental weaknesses or broader investor anxiety. CNBC’s Jim Cramer said Tuesday that fears surrounding Nvidia and other artificial intelligence companies may be overblown and not grounded in company performance. “You either believe in artificial intelligence or you … Read more
Australia’s consumer inflation accelerated faster than expected in October, rising at its quickest pace in seven months and reinforcing concerns that cost pressures remain stubborn across the economy. The Australian Bureau of Statistics said Wednesday that the consumer price index increased 3.8 percent year over year, surpassing economists’ expectations and marking a significant jump driven … Read more
Consumer confidence fell sharply in November, reaching its weakest point since April as Americans grew more anxious about job security and the broader economic outlook. The latest reading from the Conference Board showed widespread unease across income groups, with declining expectations for business conditions, employment prospects and household income. The Conference Board’s monthly Consumer Confidence … Read more
The European Union’s antitrust regulator on Monday unconditionally approved Omnicom Group’s $13.25 billion all stock acquisition of rival Interpublic Group, clearing the way for the merger of two of the world’s largest advertising agencies. The deal, first announced in December, combines the third largest ad buyer, Omnicom, with the fourth largest, Interpublic, creating a global … Read more
Oil prices continued their decline on Monday as investors balanced the possibility of a US interest rate cut against emerging hopes for a Ukraine peace agreement that could ease sanctions on major Russian oil producers. Brent crude fell 58 cents, or 0.9 percent, to $61.98 per barrel, while West Texas Intermediate (WTI) slid 60 cents, … Read more
BEIJING — Bitcoin mining in China is quietly resurging four years after Beijing imposed a sweeping ban on cryptocurrency activity, as miners in energy rich western provinces exploit low cost electricity and a boom in private data centers. The rebound, supported by industry trackers and equipment makers, has pushed China back into the top ranks … Read more
LONDON — Global stocks climbed Monday while the dollar slipped as investors grew more confident that the Federal Reserve could move toward a December Fed cut, even as policymakers remain split on the timing of further easing. The cautious optimism set the tone for an event heavy week that includes US retail sales data, producer … Read more
NEW YORK — A turbulent week on Wall Street ended with a glimmer of optimism after a sharp US market rout driven by hotter than expected economic readings and renewed anxiety over high flying technology valuations. Despite losses across major indexes, comments from a top Federal Reserve official and selective strength in the artificial intelligence … Read more
