The head of the Federal Reserve Bank of New York's powerful Markets Group, Michelle Neal, is stepping down and will leave the bank in March 2025, the bank said in a press release on Thursday. Neal will serve as a senior advisor at the bank until she exits, the bank said, adding that Neal is moving to a role in the private sector. Neal oversees the part of the New York Fed that interfaces with the financial sector.
Cross-border crypto payments company Sphere raises $5 million from Coinbase and Kraken Ventures
The company works directly with banks and money transfer services to settle cross-border payments via stablecoin.
SONAR releases Coverage Guide, an AI-powered freight market intelligence offering for brokers
In a significant advancement for the freight brokerage industry, SONAR, the leading provider of high-frequency freight market data, has unveiled the Coverage Guide, an AI-powered offering within its new Broker Tool Kit. This cutting-edge application aims to simplify the complex decision-making process for freight brokers, enhancing efficiency and profitability. The post SONAR releases Coverage Guide, an AI-powered freight market intelligence offering for brokers appeared first on FreightWaves.
S&P 500 Gains and Losses Today: Adobe Stock Falls as Guidance Blurs AI Outlook
The S&P 500 slid 0.5% on Thursday, Dec. 12, 2024, following a report showing hotter-than-expected wholesale inflation data from November.
Brazil’s Hawkish Rate Hike Fails to Stem Market Selloff
(Bloomberg) -- Traders dubbed Brazil’s central bank hawkish turn “a shock and awe” move that would lift the nation’s battered assets. A day later, the market is signaling it’s not enough. Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsCloud Computing Tax Threatens Chicago’s Silicon Valley DreamThe Brazilian real closed the session 0.5% lower, the w
S&P 500’s Record Rally Shows Cracks as Most Stocks Left Out
(Bloomberg) -- Beneath a stock market that goes from one record to the next lies a concerning trend for some Wall Street strategists: Fewer stocks are buttressing the advance.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsCloud Computing Tax Threatens Chicago’s Silicon Valley DreamThe S&P 500 Index closed out its ninth consecutive day where the num
Crypto Daybook Americas: Bitcoin Bulls, Remember to Zoom Out When in Doubt
Your day-ahead look for Dec. 12, 2024