News

The Bank of England wrapped up a big year of central bank rate cuts by keeping rates steady on Thursday, a day after the Federal Reserve eased policy but suggested it would be more cautious in 2025. The Swiss National Bank, which has been at the forefront of monetary easing, cut rates by an unexpectedly large 50 basis points (bps) to 0.5% last week, the lowest since November 2022 and the bank's biggest reduction in almost a decade. It indicated further easing would be gradual after annual inflation accelerated to 2%, but with Canada's weak economy threatened by U.S. President-elect Donald Trump's proposed tariffs, markets placed 50% odds on a 25-bps cut next month.

News of the day for Dec. 19, 2024

The benchmark US stock measures were pointing higher before the opening bell Thursday as traders dig

Bitcoin may be up 145% this year, but it's hardly alone. Should you stick to Bitcoin, or is it time to look for other cryptocurrencies that could skyrocket even higher next year? If you're looking for a Bitcoin alternative, two of my favorites right now are XRP (CRYPTO: XRP), which is up 283% this year, and Sui (CRYPTO: SUI), which is up a staggering 497%.

Micron shares have lost nearly a third of their value since printing a record high close in June.

Bank of America's share price sits at $43.50 at the time of writing. Brian Moynihan wants to still be in the corner office when it hits $100.

(Bloomberg) -- KKR & Co. is warning that a volatile currency market could be an “Achilles heel” for investors in 2025, as growing deficits and the threat of trade wars may disrupt a bull market that it says still has room to run.Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalThe alternative asset manager said it’s monitoring the dollar and emerging-market currencies heading into the new year,