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Fed Chair Jay Powell did nothing particularly surprising on Wednesday, but markets reacted sharply. The strong reaction does not portend smooth sailing in the year ahead as the uncertainty Powell referenced arrives.

Money market account rates vary widely. So which banks are offering the best money market account rates today? Find out here.

The launch of the spot Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs) in January was a landmark event. For good reason, the ETFs are widely seen as one of the primary catalysts behind Bitcoin's triple-digit percentage gains this year. Tens of billions of dollars have flowed into these spot Bitcoin ETFs, and that has helped to push up the price of Bitcoin throughout the year.

(Bloomberg) -- It’s been a tough year for investors in European aviation, with Boeing Co.’s production woes, engine problems grounding aircraft and the still-sluggish corporate-travel market weighing on the sector.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalReviving a Little-Known Modernist Landmark in BuffaloCarriers

(Bloomberg) -- The hawkish pivot by the Federal Reserve combined with uber-bullish sentiment among stock investors has caused risk appetite to be “suddenly twitchy,” according to Bank of America Corp. strategist Michael Hartnett.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalReviving a Little-Known Modernist Landmark in B

The decision is part of the company's strategic shift to focus on markets such as the U.S., Europe and the Middle East

Proactive capacity management contributed to a 12% YoY increase in the global air cargo spot rate since the start of peak season, compared to 25% in 2023.