Stocks, bitcoin, oil: What you need to know as markets kick off 2024
CNN
European stocks got off to a strong start, and US futures held steady, on the first trading day of 2024 as investors bet that major central banks will soon start cutting interest rates.
Stock markets were mixed on the first trading day of 2024, pausing after a robust rally last year that was fueled by bets that major central banks will soon start cutting interest rates. Bitcoin and oil prices moved up. Europe’s benchmark Stoxx Europe 600 index was up 0.1%, while Germany’s DAX and France’s CAC 40 rose 0.4% and 0.1% respectively by 6.14 a.m. ET Tuesday. London’s FTSE 100 was trading flat after posting gains earlier in the day. Markets in Asia were mixed. Hong Kong’s Hang Seng fell 1.5%, while mainland China’s Shanghai Composite closed down 0.4%, after weak manufacturing data underscored the challenges facing the world’s second biggest economy. South Korean and Australian stocks rose. On Wall Street, Dow futures traded 0.2% lower, while the S&P 500 ticked down 0.3%, and the tech-heavy Nasdaq slipped 0.5%, before the opening bell. 2023 was a great year for global stocks as fear receded that elevated interest rates would continue to weigh on economies and company valuations, as they had the previous year. Falling inflation in the US, eurozone and United Kingdom has upped expectations that central banks are preparing to slash the cost of borrowing over the next few months. Investors also got excited about the potential for artificial intelligence to make big returns for companies.
Trump’s Commerce secretary pick backed a crypto company that can’t seem to stay out of trouble
Thanksgiving dinner will cost less this year than last but will still be 19% higher than before the pandemic, according to the American Farm Bureau Federation’s annual Thanksgiving survey out Wednesday.
Comcast is planning to spin off most of its cable television networks, including MSNBC and CNBC, into a separate publicly traded company, according to executives with knowledge of the plan.
Conspiracy theorist Alex Jones has sued a court-appointed bankruptcy trustee and the families of some of the Sandy Hook victims in an attempt to stop the sale of his media empire Infowars to the satirical news outlet The Onion.
The cat’s out of the bag: Jaguar has unveiled a new logo that emphasizes its posh pronunciation as it transitions into a “new era” that emphasizes its all-electric vehicle lineup.
Markets sold off Tuesday as geopolitical tensions escalated between Ukraine and Russia.
Protesters opposed to Tesla’s expansion of its plant near Berlin were holding out in trees Tuesday as German police sought to clear their forested camp.
Jersey Mike’s Subs is selling a significant stake to private equity giant Blackstone, ending its nearly seven-decade run as an independently owned business that transformed into a major competitor against well-entrenched competitors like Subway.
Walmart’s business is surging. Customers making more than $100,000 a year are fueling the growth.
The president-elect’s plan to deport millions of undocumented immigrations may backfire, driving up the cost of homebuying even further.
In the first quarter of this year, the price of bitcoin broke records in the wake of approval by the Securities and Exchange Commission for the first exchange-traded spot bitcoin funds. The cryptocurrency topped $70,000 in March, according to coinmarketcap.com.