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  • Nov 26, 2024

Trump’s Embrace of Crypto Poised to Increase CFTC’s Power Over Industry

(Bloomberg) -- The US Commodity Futures Trading Commission, the underfunded regulator overshadowed by the SEC, has a path to prominence if the incoming Trump administration revamps crypto policy and installs an industry-leaning chair.Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Italy’s Motor City, Car-Free Options Are GrowingIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes

  • Nov 26, 2024

HP forecasts Q1 profit below estimates on sluggish demand in PC market

(Reuters) -HP forecast its first-quarter profit below Wall Street expectations on Tuesday, signaling persistent choppy demand in the personal computers market and sending the company's shares down 8% in extended trading. Traditional PC makers have been grappling with soft demand following a boom during the pandemic. AI PCs have not boosted the overall PC demand as "buyers have yet to see their clear benefits", Gartner analyst Mikako Kitagawa said.

  • Nov 26, 2024

Oil settles down after Israel agrees to ceasefire deal with Hezbollah

HOUSTON (Reuters) -Oil prices settled lower on Tuesday, extending the previous day's losses in choppy trade after Israel agreed to a ceasefire deal with Hezbollah, reducing oil's risk premium. The accord between Israel and armed group Hezbollah was expected to take effect on Wednesday, U.S. President Joe Biden said. Israeli Prime Minister Benjamin Netanyahu said he was ready to implement a ceasefire and would "respond forcefully to any violation" by Hezbollah.

  • Nov 26, 2024

HP Stock Tumbles on Disappointing Q1 Forecast

HP delivered fiscal fourth-quarter earnings that topped expectations, but an underwhelming forecast for the current quarter sent shares lower in extended trading Tuesday.

  • Nov 26, 2024

Morning bid: Holiday-bound US turns focus to inflation, France tense

With Wall Street about to log off for what's effectively a four-day Thanksgiving holiday, trade tariff jitters are replaced by inflation angst as the Federal Reserve gets another price check. Although big automakers took a hit, broad U.S. stock indexes seemed unperturbed on Tuesday by President-elect Donald Trump's threat of 25% tariffs on imports from Canada, Mexico and China. With trading thinning this week, stocks are still feeding off assumptions about the extent of Trump's agenda of tax cuts, tariff rises and immigration crackdowns.

  • Nov 26, 2024

Panama’s Debt Downgraded by S&P to Lowest Investment Grade

(Bloomberg) -- Panama’s credit score was cut by S&P Global Ratings, putting the Central American nation a step closer to losing its investment-grade status. Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Italy’s Motor City, Car-Free Options Are GrowingIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC's Underground Steam System May Be Key to a Greener FutureNYC Gets Historic Push for 80,000 Homes With $5 Billion PledgeS&P l

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