(Bloomberg) -- Asian equities were set to climb early Friday even as traders scaled back expectations for a Federal Reserve rate cut next month which weighed on US stocks and strengthened the dollar.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and EmissionsAustralian shares edged
Moderna, Novovax stocks slide after Trump nominates Robert F. Kennedy Jr. to be top health official
Vaccine stocks slid late Thursday as reports stated noted anti-vaccine politician Robert Kennedy Jr. will serve as the next head of the Department of Health and Human Services.
Nvidia Stake Sends This AI Stock Higher Thursday
Shares of Applied Digital surged in extended trading Thursday after Nvidia reported a stake in the company.
Crypto Markets Surge After Trump’s Victory
The crypto markets are buzzing post-election, with big players making huge moves and record-breaking news dropping every single day this week. BlackRock is expanding its tokenized U.S. Treasury product across multiple blockchains, and its Bitcoin ETF has rocketed to $40 billion in assets. Trump is fuelling optimism with pro-crypto policies, personal Bitcoin holdings, and promises of regulatory reform within the crypto industry. Meanwhile, inflation data is spurring price action, and Robinhood ha
Stock market today: Indexes mixed as traders digest wholesale inflation and await Powell's remarks
Traders see another rate in December as likely after consumer and wholesale inflation this week were in line with expectations.
Leader of Crypto Heist Worth Billions Gets 5-Year Sentence
(Bloomberg) -- The mastermind behind one of the biggest-ever Bitcoin heists was ordered to serve five years in prison for conspiring with his social-media rapper wife to launder money he stole by hacking into the Bitfinex exchange and grabbing cryptoassets now worth billions of dollars.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency
Fed's Powell declines to say if he would remain after chair term expires
Powell, asked at an event in Dallas whether he would consider being the first Fed chair in more than seven decades to remain on the Fed board after no longer serving as its leader, said only that he is committed to serving out his term as chair. "I'll certainly serve to the end ... of my chair term," Powell said. Powell's term as a Board of Governors member expires in January 2028.