(Bloomberg) -- The European Central Bank won’t act to address government-bond-market fluctuations that stem from political risks, according to Governing Council member Joachim Nagel. Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasAsked about the spike in French borrowing costs related to uncertainty over next year’s budget, the Bundesbank president
DevvStream Taps Asia's Soaring I-REC Market with Medellin Solar Deal; Stock Jumps
DevvStream Corp. (NASDAQ:DEVS) announced an agreement to acquire all renewable and carbon assets from the Medellin Solar Power Facility in the form of international renewable energy certificates (I-RECs). The Medellin Solar Power Facility, with a 730 MWp capacity, is part of the “2030 Smart City” plan in Cebu, Philippines. Developed by Sogod Energy Inc., it will generate 1.2 million I-RECs annually from 1.219 million MWh of energy. I-RECs certify 1 MWh of renewable energy generated and injected
Applied Therapeutics Stock Plummets After FDA Rejects Metabolic Disease Drug
Applied Therapeutics' New Drug Application for a rare metabolic disease was rejected by the Food and Drug Administration, causing its shares to crater Friday.
Jobs data set to pave way for rates path, stocks
The coming week will give investors a fresh view into the health of the U.S. economy with the release of a closely watched employment report that could help determine the trajectory of interest rates in the months ahead. Part of that performance has been fueled by expectations that the Federal Reserve will continue cutting interest rates into next year, after reducing borrowing costs by 75 basis points in 2024. But uncertainty over the Fed’s rate trajectory has increased in recent months as a spate of robust economic data - including a blowout jobs report for September - stirs concerns that inflation could rebound if the central bank lowers rates too far, undoing two years of progress in tamping down prices.
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Nvidia stock extends November gains as investors bet on 2025 AI dominance
Nvidia shares have added $2.9 trillion in market value since the launch of ChatGPT in November of 2022.
The stock market overcame these 3 problems in 2024. Next year it may not be so lucky.
Risks that sparked equity sell-offs will linger in 2025, says Deutsche Bank