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Gold Falls Alongside Stocks, Commodities Ahead of Fed Decision

(Bloomberg) -- Gold slipped along with most commodities and equity markets, as traders face a rush of interest-rate decisions by major central banks, including the US Federal Reserve.Most Read from BloombergHow California Sees the World, and ItselfLondon’s Tube Fares Are Set to Rise by 4.6% Next YearBullion traded near $2,640 an ounce, after notching a modest gain in the previous session as investors parsed mixed US data. Activity at US service providers expanded at the fastest pace since Octobe

Flight From Chip Risks Boosts Japan’s Gaming Stocks Ahead of Trump

(Bloomberg) -- Japanese gaming stocks are emerging as unlikely winners from Donald Trump’s election, as tech investors seek less exposure to trade uncertainties swirling around China-dependent chipmaking gear companies.Most Read from BloombergHow California Sees the World, and ItselfLondon’s Tube Fares Are Set to Rise by 4.6% Next YearShares of console and software makers like Sony Group Corp., Nintendo Co. and Capcom Co. have seen double-digit returns since Trump won the US presidential vote in

Promeet Raises $3.1M in Pre-Seed Funding to Transform Creator Monetization

Dubai, United Arab Emirates, December 17th, 2024, Chainwire Promeet, a platform designed to empower creators to monetize content, has successfully raised $3.1M in pre-seed...

UK PM Keir Starmer touts pro-business agenda as he meets U.S. CEOs

Britain’s Prime Minister Keir Starmer gives a media interview while attending the 79th United Nations …

Megacap Tech Stocks Have Gotten Too Big for Nasdaq 100 Again

(Bloomberg) -- Only a year after having their size clipped in the Nasdaq 100 because they got too big, the world’s largest technology companies may face another pruning when the marquee benchmark rebalances this week.Most Read from BloombergHow California Sees the World, and ItselfLondon’s Tube Fares Are Set to Rise by 4.6% Next YearAt issue are regulations designed to cap the influence of the biggest members in the gauge — rules that have been put under stress after companies like Apple Inc. an

Apple stock hits record high as JPMorgan dismisses AI worries

Consumers appear to be largely underwhelmed thus far by the rollout of Apple Intelligence on the new iPhone 16.

Fed Meetings Made Stock Traders Richer In 2024: Could Wednesday Bring Last Big Rally?

The U.S. stock market has generally delivered solid gains around Federal Reserve meetings in 2024, signaling investor optimism as the central bank prepares for its final policy decision of the year on Wednesday. An investor adopting a short-term long strategy — buying the S&P 500 index at market close the day before a Fed meeting and selling at the close the day after — would have realized a median return of 1.1% over the last seven meetings. According to data compiled by Seasonax, this strategy

SolarEdge Stock Pops on Reported Analyst Double Upgrade

SolarEdge Technologies shares popped 20% Tuesday after analysts at Goldman Sachs reportedly issued a double upgrade for the solar equipment maker.

Australia Is New Bond Market Favorite for JPMorgan Asset Management

(Bloomberg) -- The great run in European government bonds is coming to an end, according to a portfolio manager at J.P. Morgan Asset Management, who is now betting Australia will be the next market to outperform.Most Read from BloombergHow California Sees the World, and ItselfLondon’s Tube Fares Are Set to Rise by 4.6% Next YearKim Crawford said there is little room for further gains in Europe compared to peers given swap markets are fairly pricing the amount of interest-rate cuts the European C