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(Bloomberg) -- The dollar rallied to the strongest level in over two years after the Federal Reserve signaled a slow down in the pace of monetary easing next year.Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousThe Bloomberg Dollar Spot Index rose 0.9% Wednesday, its highest since 2022. The surge sent other major currencies lower. The euro, pound and Swiss franc fell 1% against the US dollar during the day, while the offshore Chinese yuan fell to the lowest

John Petrides, Portfolio Manager at Tocqueville Asset Management, spoke with Quartz for the latest installment of our “Smart Investing” video series.

The Federal Reserve cut rates by 25 basis points as expected, but Fed Chair Jerome Powell's hawkish press conference

Central bank lowers benchmark federal funds rate by a quarter of a percentage point to between 4.25% to 4.5%

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

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.

Prime brokerage desks are preparing for credit shocks as leveraged trading expands within cryptocurrency financial networks.