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WTI posts modest gains to near $69.50 as US crude stocks fall
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $69.50 on Thursday. The WTI price posts modest gains as US crude inventories fell and the US Federal Reserve (Fed) lowered its key interest rate by a quarter percentage point on Wednesday.
Bitcoin drops for the first time in four days after Fed’s disappointing rate cut
Bitcoin fell sharply for the first time in four days as markets reacted to the Federal Reserve’s latest rate decision. The apex crypto tumbled by as much as 5.3%, dropping to $100,752 after briefly soaring past $108,000 earlier this week in a record-breaking rally.
Japanese Yen hangs near one-month low against USD; BoJ decision awaited
The Japanese Yen (JPY) will be in the spotlight this Thursday as the Bank of Japan (BoJ) is scheduled to announce its final policy decision of the year. The BoJ is widely expected to keep interest rates steady, though it might signal a potential rate hike in January.
Fxstreet
Dec 19, 2024
On-Chain Metrics Reveal Cardano Whales Are ‘Buying The Dip’ – Details
Cardano (ADA) has been through a rollercoaster of volatility, with the price experiencing significant ups and downs over recent weeks. After hitting a local top of $1.32, ADA retraced over 30%, dropping to $0.91 before returning to a critical support level.
Baird raises Tesla price target by $200 on strong 2025 outlook
Investing.com -- Baird raised its price target for Tesla Inc (NASDAQ:TSLA) to $480 from $280, on strong growth prospects in the automaker, supported by cost reductions, new models, and favourable regulatory dynamics.Investing.com
Dec 19, 2024
Powell speech: Rate hike does not appear to be a likely outcome next year
Federal Reserve Chairman Jerome Powell explains the decision to cut the policy rate, federal funds rate, by 25 basis points to the range of 4.25%-4.5% after the December meeting and responds to questions in the post-meeting press conference.Fxstreet
Dec 19, 2024
Walt Disney top pick at Morgan Stanley, experiences segment to drive growth
Investing.com -- Morgan Stanley said Walt Disney Company (NYSE:DIS) was its top pick, as it expects theme parks and cruise business to drive growth in the coming years, supported by scaled investments and improving margins.
Investing.com
Dec 19, 2024
Evercore sees upside for Target, Best Buy on holiday shopping trends
Investing.com -- Evercore ISI initiated positive tactical calls on Target Corporation (NYSE:TGT) and Best Buy Co Inc (NYSE:BBY) on improved holiday shopping trends and favourable spending intentions in key categories.Investing.com
Dec 19, 2024
Fed's hawkish surprise ahead of the holidays puts January pause in spotlight
Investing.com -- The Federal Reserve delivered a hawkish present to markets at its December meeting ahead of the holidays as the widely expected rate cut in December was served up with forward guidance that caught markets by surprise.Investing.com
Dec 19, 2024
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