Author: Anthony M. Orbison

BofA Global Research’s view on the Riksbank and Norges Bank suggests a more hawkish stance from Sweden’s central bank, while Norges Bank is more balanced and has guidance for a March cut, according to a note released on Thursday. The Riksbank’s rate cut to 2.50% was expected, according to BofA but the 2025 guidance was more hawkish than anticipated, with just one further cut projected in 1H25. BofA sees Norges Bank’s core inflation forecasts for next year more realistic now, however, still expects a quarterly cutting pace from March, but risks are still biased for less. In FX markets, BofA…

Bitcoin (BTC) fell to a low of $100,300 following hawkish comments by Fed chair Jerome Powell during the Federal Open Market Committee’s (FOMC)Markets retreated lower despite the expected 25 basis point cut in the US interest rate, bringing the rate to the 4.5% to 4.75% range.Bitcoin was trading at $100,740 as of press time, down 5.7% over the past 24 hours, based on CryptoSlate data.The wider crypto market experienced similar losses, with Ethereum (ETH) down 6.8% over the past day to $3,697 as of press time, while BNB and Solana (SOL) were down 4.6% and 8.1%, respectively.Dogecoin (DOGE) registered the worst…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Joe Biden is sending top diplomats to Damascus to meet Abu Mohammed al-Jolani, the leader of the Islamist rebels that toppled Syria’s dictator Bashar al-Assad but which are designated a terrorist group by the US.Barbara Leaf, the state department’s senior Middle East official, will lead the delegation in the coming days, according to people familiar with the matter. The meeting would be the first formal in-person contact between the US and leaders of Hayat Tahrir al-Sham, which led the offensive that ousted…

Twas the week before Christmas and Wall Street felt dread, after a surprising statement straight from the Fed. Investors got their bells jingled big time on Dec. 18 after the Federal Reserve raised a clatter by indicating in a policy statement that it was forecasting two interest rate cuts in 2025 and not the previously projected four.Related: Fed Chair Powell is ‘adult in the room’ as Trump hammers CongressThe news hit markets like Jacob Marley rattling his chains as the Dow dropped about 1,100 points, or 2.5%, while the S&P 500 suffered its biggest post-Fed decision slide on record.The numbers were…

Este artículo también está disponible en español. As 2025 draws near, market experts are talking a lot about how much Ethereum and Solana are competing with each other. Both cryptocurrencies have grown by leaps and bounds in 2024, nevertheless, perspectives vary on which will finally prevail in the altcoin industry in the forthcoming year. Related Reading The Swift Ascendancy Of Solana Solana’s outstanding numbers have attracted interest. It outperformed Ethereum in several important benchmarks in December, including application income and decentralized exchange (DEX) volume: Solana brought in about $141 million in application income; Ethereum earned $93.56 million. Moreover, Solana’s decentralized…

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Investing.com– US stocks rebounded Thursday,after the previous session’s rout as the Federal Reserve indicated a slower pace of easing in 2025, while growth data indicated a resilient economy. At 1:22 p.m. ET (18:22 GMT), the rose 165 points, or 0.4%, the index gained 0.3%, and the climbed 0.3%. US GDP shows healthy growth The US economy grew faster than previously estimated in the third quarter, driven by robust consumer spending, according to data released earlier Thursday. Gross domestic product increased at an upwardly revised 3.1% annualized rate, having been previously reported to have expanded at a 2.8% pace last quarter.…

Este artículo también está disponible en español. The Bitcoin price action in the past 24 hours saw it breaking below the $100,000 price mark again very briefly before breaking above it again. Particularly, Bitcoin’s price action in the past 24 hours has been between $98,839.87 and $105,306, highlighting the potential corrections that could occur as the cryptocurrency continues to edge upwards.  This fluctuation comes amid a broader bull market cycle that analysts like CryptoCon suggest is far from over. Bitcoin Crash Below $100,000 Not The End Crypto analyst CryptoCon has been a consistent voice in tracking Bitcoin’s movements using Fibonacci…

NEW YORK (AP) — MrBeast’s ambitious reality show, which the YouTube megastar hopes will expand his giant online reach and turn the corner on recent controversies, is already raising questions from consumer advocates over a partnership with a fintech company. Prime Video’s Thursday premiere of the record-setting “Beast Games” capped off a tumultuous year for Jimmy Donaldson and his production company. Shortly after reaching never-before-seen YouTube subscriber totals, MrBeast began facing heightened scrutiny over past “inappropriate content,” the channel’s philanthropic efforts, its workplace culture and allegations of dangerous on-set conditions that Donaldson has denied. As MrBeast’s loyal following tunes in…

TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.If your current vacuum cleaner or robot vacuum isn’t cutting it, we found the perfect deal for you. The Inse Cordless Stick Vacuum Cleaner is a compact, 3-pound vacuum that’s built to handle life’s little messes. But instead of shelling out $600, you can score it on sale at Walmart for just $69.Inse Cordless Stick Vacuum Cleaner, $69 (was $600) at Walmart Courtesy of Walmart The vacuum has a powerful suction that can tackle everything from pet…