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  • Dec 06, 2024

Intel’s Lack of a Clear Plan Makes Wall Street Even More Bearish

(Bloomberg) -- Things were already looking bad for Intel Corp. shares this year. But the chipmaker’s sudden ouster of its chief executive officer has led to even more investors throwing in the towel.Most Read from BloombergNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectThe stock fell 13% in the five days ending Friday, notching its worst wee

  • Dec 06, 2024

Traders Ramp Up Bets on December Fed Cut After Mixed Jobs Data

(Bloomberg) -- US Treasuries rallied and traders boosted their bets on a Federal Reserve interest-rate reduction this month after a mixed November employment report.Most Read from BloombergA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitYields on two-year notes, which are sensitive to central-bank policy changes, slid as much as seven basis p

  • Dec 06, 2024

XRP, Hedera, and Tron Led the Crypto Bull Market This Week

The crypto market was on fire again this week and Bitcoin passing $100,000 was one of the biggest news items of the week. According to data provided by S&P Global Market Intelligence, Tron (CRYPTO: TRX) is up 56% over the past week, XRP (CRYPTO: XRP) has jumped 37%, and Hedera (CRYPTO: HBAR) is up 73% -- and there are some strange moves in that group. Tron is up in part because Justin Sun, Tron's founder, invested $30 million into World Liberty Financial, a cryptocurrency project from President-elect Donald Trump.

  • Dec 06, 2024

Oil Falls to Three-Week Low With Algos Poised for More Selling

(Bloomberg) -- Oil slid to a three-week low, closing near $67 a barrel, after a wave of technical selling compounded oversupply fears. Most Read from BloombergA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitA decision by OPEC and its allies to return output at a slower pace than initially planned capped losses Friday, but a looming supply glu

  • Dec 06, 2024

Fed seen poised to cut rates this month, debate 2025 pause

Federal Reserve officials appear on track to cut interest rates this month after data showed the U.S. labor market remained strong but continued to cool in November, even as debate emerged over a possible pause to rate cuts in the new year. U.S. employers added 227,000 jobs last month, a rebound from a hurricane-impacted slowdown in October, but the unemployment rate ticked up to 4.2%, the Labor Department's monthly employment report showed on Friday. Over the last half-year average monthly job gains are below 150,000, short of what some policymakers feel is needed to provide enough work to match a growing population, but nothing like the collapse Fed policymakers worried could happen when they began cutting interest rates a few months ago.

  • Dec 06, 2024

Energy Drink Firm Celsius Set to Energize Market Growth, Analyst Sees Significant Upside

Needham analyst Gerald Pascarelli initiated coverage on Celsius Holdings, Inc. (NASDAQ:CELH) with a Buy rating and a price target of $38. The analyst says that as the third-largest player in energy drinks, CELH is positioned to benefit from a healthier category rebound and growing demand for zero-sugar products, creating a favorable environment for revenue acceleration alongside easier year-over-year comparisons. The analyst writes that while the company recently saw its first year-over-year sha

  • Dec 06, 2024

Fed's Goolsbee hopes neutral can be in sight by late next year

Chicago Federal Reserve president Austan Goolsbee said that economic conditions will determine how fast the Federal Reserve cuts rates from here, but added he hopes the Fed will be homing in on a stopping point by the end of next year. "I'm hopeful that conditions continue to evolve such that we can get in close to the range" where monetary policy is having a neutral impact on the economy, Goolsbee said in comments to reporters. While he would not specify his estimate of neutral, he said that a level around 3%, well below the current 4.5% to 4.75% rate and roughly the median that Fed officials projected as a stopping point at their September meeting, "doesn't seem crazy to me."

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