Money market account rates today, January 10, 2024 (up to 4.85% APY return)
Money market account rates vary widely. So which banks are offering the best money market account rates today? Find out here.
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Alcohol regulators unlock new market opportunity for glass bottles
Changes to a dated rule this week mean certain alcoholic beverages sold in cans now have the option to be packaged in glass.
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Wall Street Warns Stocks Need ‘Goldilocks’ US Payrolls Report
(Bloomberg) -- Too many jobs? Stocks fall. Too few jobs? Stocks still fall.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawAmbitious High-Speed Rail Plans Advance in the Baltic RegionNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’That’s the message from Wall Street as fresh uncertainty about the rates path and the economy is creating a double tail
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Sentiment Readings Favor Dogecoin Gains as Cardano’s ADA Leads Market Bump
Social sentiment supports growth in dogecoin as AI Agent tokens rebounded on Friday.
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The UK’s Horrible Start to the Year in Six Charts on Markets
(Bloomberg) -- UK assets have suffered a horrendous start to the new year as investors fret about the country’s finances, reigniting memories of a market crisis in 2022 that brought down former Prime Minister Liz Truss.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawAmbitious High-Speed Rail Plans Advance in the Baltic RegionNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amste
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The end of climate stability is the end of the insurance market
Also: Tesla board must return compensation, Quantum computing stocks take big hit.
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Trump doubles down on tariff plan that voters hate
Republican presidential nominee and former U.S. President Donald Trump speaks at a campaign town hall …
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China’s Market Support Falls Short as Economic Gloom Deepens
(Bloomberg) -- An escalation of China’s fight against bearish traders has failed to allay fears that the world’s second-largest economy is headed for a deflationary spiral. Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawAmbitious High-Speed Rail Plans Advance in the Baltic RegionNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’The renewed effort by
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Global money market funds draw huge inflows on caution over potential tariffs
Investors piled into global money market funds in the week through Jan. 8, spurred by concerns over potential tariff increases with the upcoming change in the U.S. administration and caution ahead of a critical jobs report that could reshape expectations for Federal Reserve rate cuts. According to LSEG Lipper data, investors channelled $158.73 billion into global money market funds, their second largest weekly net purchase since April 2020. U.S. President-elect Donald Trump, set to take office on January 20, has pledged to impose a 10% tariff on all global imports to the U.S. Additionally, he has threatened to implement a 25% tariff on imports from Canada and Mexico on his first day in office.
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India’s Small Investors Put $3 Billion in Stock Funds Last Month
(Bloomberg) -- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawAmbitious High-Speed Rail Plans Advance in the Baltic RegionNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Indian retail investors kept faith in th
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Chinese Stocks Head for Bear Market as Geopolitical Risks Mount
(Bloomberg) -- Chinese shares fell, pushing a closely watched benchmark toward a bear market, as geopolitical tensions simmer ahead of Donald Trump’s inauguration.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawAmbitious High-Speed Rail Plans Advance in the Baltic RegionNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’The MSCI China Index dropped as
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One chart shows why mega-cap tech continues to dominate the stock market
The biggest US tech stocks have enjoyed an earnings bonanza in the past two years, leading to their significant outperformance of the broader market.
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Hyundai launches $18,000 EV in Japan to penetrate EV-wary market
CHIBA, Japan (Reuters) -South Korea's Hyundai Motor said on Friday it would introduce the cheapest compact electric car in Japan, to penetrate a market dominated by local giants with established petrol and hybrid vehicle technologies. The Japan launch of the Hyundai Inster follows attempts by Tesla and other foreign brands to enter a country seeing a slow take-up of EVs. With the Inster, Hyundai will take a low-price strategy akin to China's leading EV maker, BYD.
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How the wildfires in the Los Angeles area could affect California's home insurance market
The wildfires that destroyed homes in multiple sections of the Los Angeles area will test California’s efforts to stabilize the state’s insurance marketplace after many insurers stopped issuing residential policies due to the high fire risk. The vast property damage in a disaster-prone state with high real estate prices and an uncertain insurance landscape could make coverage more expensive and even harder to find. One area likely to feel the impact — and encounter challenges rebuilding — is Pacific Palisades, an affluent community sandwiched between the Pacific Ocean and the Santa Monica Mountains.
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As Wall Street eyes tokenization, a lack of market infrastructure presents hurdles
Regulatory uncertainty prevented the building of crucial infrastructure for tokenization, but that may soon change.
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