In data: Vodka, RTDs set to drive Brazil spirits market growth
Brazil’s spirits market is forecast to see volumes grow by more than 4% a year up to the end of 2028, a new report says.
Crypto Daybook Americas: Pre-Fed Derisking Marked by PENGU Liquidity Squeeze
Your day-ahead look for Dec. 18, 2024
Fed expected to combine interest rate cut with hawkish 2025 outlook
WASHINGTON (Reuters) -The Federal Reserve is expected to lower borrowing costs on Wednesday in what some observers are calling a "hawkish cut" set to be delivered alongside policymakers' updated interest rate outlooks and economic forecasts covering the first months of the incoming Trump administration. The anticipated quarter-percentage-point move would lower the U.S. central bank's benchmark policy rate to the 4.25%-4.50% range, a full percentage point below where it stood in September when it began easing the tight monetary policy used to counter a surge in inflation that began in 2021. How much further and how fast rates will fall next year remains increasingly uncertain with inflation still lodged above the Fed's 2% target, the economy growing faster than expected, and the prospect that President-elect Donald Trump's tariff, tax and immigration policies could change the economic landscape in unpredictable ways once he takes office in January.
Top analyst revisits Nvidia stock price target after correction slump
Nvidia shares are now trading at the lowest levels since early October.
What do investors need to look out for in 2025?
“What’s bugging me is that everyone is saying the same thing,” says FT markets columnist Katie Martin, wearied by the slew of 2025 outlook reports...
BATMMAAN begins: These may be the dominant stocks for next year.
A new acronym has been making the rounds since another potential tech kingmaker — Broadcom — began closing in on the $1 trillion market cap club last week.
Morning Bid: Markets edgy as Fed awaited
For all the extreme bullishness about 2025, Wall Street is just a bit edgy as the Federal Reserve looks set to deliver its final interest rate of 2024 and give a glimpse into next year. Remarkably, the Dow Jones Industrial Average's 9-day losing streak is the longest negative run since 1978 - but the index is still just under 4% from record highs set earlier this month. As Treasury yields have backed up sharply again over the past fortnight - even as the latest U.S. industrial production and retail sales excluding autos missed forecasts for last month - the yearend is looking more anxious than ebullient new year forecasts suggest.
Dogecoin Pup’s IP Owner Bags Rights to Neiro, Putting Namesake Memes in Focus
IP-backed meme tokens are quickly becoming a hot topic in crypto circles. The market is showing signs of being wary of unlicensed offerings.
Bitcoin Lightning Fintech ZBD Approved to Receive EU MiCA License by Dutch Regulator
Countries like the Netherlands are preparing for MiCA implementation.
Powell has a long to-do list for his last full year as Fed chief
The Federal Reserve will conclude its final meeting of 2024 on Wednesday, and next year will likely be Fed Chair Jerome Powell's last full one at the helm of the U.S. central bank, with his four-year term due to expire in May of 2026. Powell's more than six years as Fed chief have been consequential, but the coming months could present new challenges as well as an opportunity to close out some unfinished business. Powell's main mission is "completing the 'soft landing' with inflation at 2% and full employment, in what's likely to be trickier weather" with tax, tariff and immigration policies that could make the economic landscape harder to read, said Donald Kohn, a former Fed vice chair who is now a senior fellow at the Brookings Institution.