Morning Bid: Fed's 'hawkish cut' slams markets, BOJ up next
The Federal Reserve has spoken, and as far as investors are concerned, the message was clear - clearly hawkish. Investors in Asia go into Thursday on the defensive after the Fed cut interest rates by a quarter of a percentage point as expected, but signaled a slower pace of easing ahead.
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Stocks skid after Fed signals it will slow down its easing
According to preliminary data, the S&P 500 lost 2.96%, while the Nasdaq Composite lost 3.62% and the Dow Jones Industrial Average fell or 2.61%. The Dow and S&P saw their biggest one-day percentage decline since Aug. 5 and the Nasdaq saw its biggest daily decline since July 24. "Everything in the dot plot suggested that we have higher economic growth, a stronger labor market, more inflation, fewer Fed rate cuts and a higher neutral rate."
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Micron's Stock Tumbles as Its Outlook Disappoints
Micron Technology issued a revenue outlook that came in below analysts’ expectations, sending shares lower in extended trading Wednesday.
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7 confusing crypto terms (almost) nobody understands
Getting to grips with cryptocurrency isn’t easy. Even after you’ve got your head around Bitcoin …
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Why Everything Everywhere All at Once isn’t just a movie — it’s the market
John Petrides, Portfolio Manager at Tocqueville Asset Management, spoke with Quartz for the latest installment of our “Smart Investing” video series.
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Wall Street falls sharply as Fed indicates fewer rate cuts in 2025 to fight inflation
Central bank lowers benchmark federal funds rate by a quarter of a percentage point to between 4.25% to 4.5%
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NKE, PLTR, or UBER: Which Large-Cap Stock Is the Best Pick?
Investors often look for opportunities to invest in large-cap stocks as they are generally associated with companies having a proven track record and well-established business models. The large-cap stocks have a market capitalization between $10 billion to $200 billion. Using TipRanks’ Stock Comparison Tool, we placed Nike (NKE), Palantir (PLTR), and Uber Technologies (UBER) against each other to find the large-cap stock that is the best pick, according to Wall Street analysts. Nike (NYSE:NKE) S
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Nvidia stock rebounds amid bullish analyst outlooks, then falters after Fed decision
Nvidia stock rose as Wall Street analysts reiterated their Buy ratings despite concerns about rising competition and the possibility that AI chip demand could wane.
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Michael Saylor's MicroStrategy arbitrage seals suggest underlying market risks
Prime brokerage desks are preparing for credit shocks as leveraged trading expands within cryptocurrency financial networks.
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These Sectors Led Wednesday's Fed-Fueled Stock Market Sell-Off
Rate-sensitive stocks plummeted on Wednesday after the Federal Reserve scaled back its forecast for future interest rate cuts and projected inflation would run hotter than previously expected next year.
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Fed's Powell Shocks Markets After Interest Rate Cut: 'It's A New Phase'
In a year marked by three consecutive rate cuts totaling 100 basis points, Federal Reserve Chair Jerome Powell said the Fed is shifting gears to a more cautious stance heading into 2025 as interest rates move tantalizingly close to a neutral environment for the economy. Following the latest 25-basis-point reduction announced Wednesday, the federal funds rate now sits at 4.25%-4.5%, the lowest since January 2023. “We’re significantly closer to neutral,” Powell said during the post-meeting press c
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Here are the 4 stocks this pro trader would buy if the market crashes
Steve Burns: Stocks are in the ‘greatest bubble in the history of civilization.’ He blames the Fed.
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Tech giants, Wall Street, and corporate elite are pouring millions into Donald Trump’s inauguration
The president-elect’s inaugural fund donors range from CEOs like Sam Altman and Ken Griffin, to Meta, Amazon, Bank of America and Goldman Sachs.
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Sonic Labs Launches the Sonic Mainnet: EVM-Compatible, Verifiable 10,000 TPS, and Sub-Second Finality
George Town, Cayman Islands, December 13th, 2024, Chainwire Sonic Labs today announced the launch of the Sonic mainnet, an EVM-compatible layer-1 blockchain platform that offers...
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NFTMozaic Secures Web3 Foundation Grant to Unite and Elevate Polkadot's NFT Ecosystem
Singapore, Singapore, December 18th, 2024, Chainwire NFTMozaic, the newest project to hit the Polkadot ecosystem, has been awarded a Decentralized Futures Grant by the Web3...
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