• Dec 02, 2024

Brazil Economy Beats Forecasts Again as Consumers Spend Big

(Bloomberg) -- Brazil’s economy once again shot past expectations in the third quarter, bolstered by hefty consumer and government spending that’s fanning above-target inflation and rattling markets.Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsOfficial data released on Tuesday showed that gross domestic product expanded 0.9% in the July-September period compared to the second quarter. The expan

• Dec 02, 2024

BlackRock Buys Credit Firm HPS in $12 Billion All-Stock Deal

(Bloomberg) -- BlackRock Inc. agreed to buy HPS Investment Partners in an all-stock deal valued at roughly $12 billion, a purchase that will propel the world’s largest asset manager into the highest ranks of private credit.Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsHPS founders Scott Kapnick, Scot French and Michael Patterson will lead a new private financing solutions business unit with Blac

• Dec 02, 2024

What's Going On With Palantir Technologies Stock Today?

Palantir Technologies Inc. (NASDAQ:PLTR) disclosed that it has received FedRAMP High Authorization for its Palantir Federal Cloud Service (PFCS) and Palantir Federal Cloud Service – Supporting Services (PFCS-SS). FedRAMP is a government-wide initiative designed to facilitate the adoption of secure cloud services across federal agencies by offering a standardized approach to security and risk assessments. This authorization covers all of Palantir’s product offerings, including AIP, Apollo, Foundr

• Dec 02, 2024

Stock market today: Stocks climb to record highs as Fed members point to December rate cut

"At present, I lean toward supporting a cut to the policy rate at our December meeting," Christopher Waller, a Federal Reserve governor, said Monday.

• Dec 02, 2024

Cathie Wood buys $22.1 million of battered tech stock

The Nasdaq Composite is up 29.3% this year, while the ARK Innovation ETF has returned 13.56%.

• Dec 02, 2024

Crypto Cash Fueled 53 Members of the Next U.S. Congress

The Fairshake PAC flooded money into political campaigns — in one case $40 million — and the new faces join an already hefty group of lawmaker allies.

• Dec 02, 2024

US labor market braces for disruption as Trump vows mass deportations

While the scope of Donald Trump's deportation program remains in question, economists argue any forced removals would have ripple effects across major sectors and strain the already tight US labor market.

• Dec 02, 2024

Polymarket Bettors Skeptical Over Potential Microsoft Bitcoin Purchase

Shareholders are very likely to turn down the Michael Saylor pitch, Polymarket bettors are predicting.

• Dec 02, 2024

5 Things to Know Before the Stock Market Opens

News of the day for Dec. 3, 2024

• Dec 02, 2024

Scotiabank misses profit estimates, projects modest economic growth in key markets

(Reuters) -Bank of Nova Scotia reported fourth-quarter earnings below analysts' expectations and warned about modest economic growth in key international markets including Mexico, sending shares of Canada's third-largest bank down about 3% on Tuesday. Bay Street had been optimistic on the bank's prospects, upgrading its ratings and betting on CEO Scott Thomson's plan to focus on growth closer to home and the North American trade corridor, while holding back on spending in its less profitable markets in South America. Scotiabank kicked off fourth-quarter earnings for the big six Canadian banks, drawing investors' attention to credit woes as consumers struggle to pay back high-interest loans.