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Trump rings the opening bell for the NYSE: The stock market is everything, and significant actions will be taken regarding Cryptos.
On Thursday, Donald Trump rang the opening bell at the NYSE. He emphasized the importance of the stock market, stating that the stock market is everything, and plans to take significant actions regarding Cryptos, lower the corporate tax rate to 15%, and increase Petroleum Extraction to alleviate the current inflationary pressures.
Annual review | The top ten explosive stocks in the US stock market for 2024 have been released! Applovin emerges as the dark horse of the year in AI, MSTR astonishes the market with a fivefold increase for the year, and Tesla makes a comeback in the last
As of the market close on December 11, the S&P 500 Index has risen by 27% year-to-date, surpassing 6,000 points; the Nasdaq Composite Index has accumulated a rise of over 33%, reaching a milestone of 0.02 million points, exceeding market expectations.
OpenAI has made another big move! ChatGPT can now hear, speak, and see!
The latest advanced voice mode of ChatGPT can now respond in real time to video and screen sharing content. With Christmas approaching, the voice feature has also added a Santa Claus mode.
The world's largest asset management firm Blackrock considers that having 2% of Bitcoin in an asset portfolio is "reasonable."
Blackrock stated that Bitcoin cannot be compared to traditional Assets, and the "seven giants" of U.S. stocks can serve as a reference. Generally, each of the seven Stocks accounts for about 1-2% of the overall investment portfolio, and exceeding this range significantly increases the risk proportion. In the long run, Bitcoin may become less risky, and investors might use it to hedge against specific risks, similar to Gold.
The murder case has triggered a major transformation in the Industry: a proposed bill in the USA Congress aims to break the Medical Insurance monopoly.
① The CEO of UnitedHealth Insurance, Brian Thompson, was killed, triggering widespread criticism from the American public regarding the Medical Insurance Industry; ② The U.S. Congress is currently reviewing two bills aimed at breaking the monopoly in the Insurance industry, marking the first time lawmakers are introducing policies targeting the Insurance industry since Thompson's murder; ③ Senator Warren stated that the public opinion in the USA should raise awareness among all practitioners.
Trump's new move! Seeking to reduce or eliminate Banks regulatory Institutions, supporting USA dockworkers.
In the financial sector, there are reports that Trump's advisers are seeking to reduce or eliminate Banks regulatory Institutions.
Daily Digital Currency Update Summary (2024-12-13)
Republican state legislator Giovanni Capriglione from Texas, USA, proposed legislation on Thursday aimed at establishing a Global Strategy Bitcoin reserve.
Interest rate cuts! Global central banks are competing to prepare for Trump 2.0, summarizing the monetary policy tone of the G10 central banks in one article.
On Thursday, the policymakers of the European Central Bank, Swiss Franc Central Bank, and Danish Central Bank all announced interest rate cuts; this undoubtedly instills confidence that they may continue to adopt easing policies in the coming year to mitigate the impacts of unknown factors such as trade tensions and geopolitical-induced currency fluctuations.
China Galaxy Securities: Inflation does not hinder the Federal Reserve from cutting interest rates in December, and there is still room for decline in 2025.
Currently, predictions suggest that the pressure from tariffs on inflation may be limited by 2025, and the risk of the CPI growth exceeding 3% in 2025 severely restricting the loosening of MMF policy may not be significant.
Futu Morning News | The Central Economic Work Conference has set the tone! Next year, the fiscal deficit rate needs to be increased; Broadcom soared over 15% after hours! Q4 profit exceeded expectations.
Inflation unexpectedly accelerates! In November, the USA PPI month-on-month growth rate reached the highest increase since June; AI transformation faces challenges! Adobe's performance forecast fell short of expectations, dropping more than 13% after the earnings report.
Is there a crack in the bull market? The rise of the US stock market is too concentrated, raising concerns about being 'top-heavy'.
The S&P 500 Index's record uptrend shows signs of cracking, with most components declining.
Express News | U.S. media: The Trump team is considering abolishing the Federal Deposit Insurance Corporation.
What will be the impact on Medical Care stocks following the murder of the CEO of UnitedHealth?
The support for the murderer by the public in the USA reveals their long-standing resentment towards the Medical Care Industry, which may lead to a reckoning for that industry, and investors should be prepared for significant changes in this investment area.
Wall Street is hot on quantum computing stocks, but Google's quantum chip does not actually possess computing power.
Google unveiled its new "quantum chip" Willow this Tuesday, causing its parent company Alphabet and related Stocks to surge significantly this week. However, Analysts indicate that quantum computing is still a long way from any commercial use and advise investors not to get overly excited due to the recent rise.
"Person of the Year" Trump rings the opening bell at the NYSE, emphasizing that "the stock market is everything."
On December 12, the elected President Trump was named Time Magazine's Person of the Year for 2024, ringing the opening bell at the NYSE that day; Trump rang the bell with the CEO of ICE and the CEO of Time Magazine, along with the president of the NYSE, while the CEOs of companies such as Goldman Sachs and Citigroup were present; Trump promised an "unprecedented economy," planned to increase oil drilling to reduce inflation, and committed to lowering the corporate tax rate to 15%.
The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.
In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.
Trump rings the opening bell for the NYSE: the stock market is everything, and there will be a big push in the Cryptos field.
Trump seized this opportunity to make a new round of tax cut promises, and also promised to "make significant moves in the Cryptos sector."
Inflation unexpectedly accelerated! The USA's November PPI month-on-month growth rate achieved the largest increase since June, according to interpretations from Wall Street.
With the rise in food costs, inflation in the USA unexpectedly accelerated in November. The PPI increased by 3% year-on-year, exceeding expectations, marking the largest increase since February 2023, and a month-on-month increase of 0.4%, the highest since June. The significant rise in egg prices overshadowed more moderate cost increases in other areas. The relatively mild increases in other categories suggest that the price indicators favored by the Federal Reserve will also see mild growth. Economists generally believe that this week's CPI and PPI inflation data are basically benign, still pointing to sufficient cooling of inflation.
U.S. stock market close: The Nasdaq has fallen from historic Top Reversal, while the Dow has declined for the sixth consecutive day.
① The Nasdaq China Golden Dragon Index rose by 0.18%, with China Concept Stocks showing mixed performance; ② Google is collaborating with Samsung to develop a headset device, with the first product expected to be launched next year; ③ Apple is reportedly set to start producing a key wireless chip currently supplied by Broadcom next year; ④ Adobe fell nearly 14%, as the company's full-year performance guidance was below expectations.
Joe Rogan On Public Sympathy For UnitedHealthcare CEO Murder Suspect: Health Insurance A 'Dirty, Dirty Business'