January 17, 2025
Asian stocks steady after China GDP beat; bond yields sag
Asian stocks edged up on Friday, drawing support from unexpectedly strong growth in China’s economy at the end of last year, although gains were limited by caution ahead of Donald Trump’s inauguration as U. S. president.
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January 17, 2025
World Bank warns that US tariffs could reduce global growth outlook
The World Bank on Thursday warned that U.S. across-the-board tariffs of 10% could reduce already lackluster global economic growth of 2.7% in 2025 by 0.3 percentage point if America’s trading partners retaliate with tariffs of their own.
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January 17, 2025
Bitcoin soars past $100,000 ahead of possible early action on crypto by Trump
The price of bitcoin topped $100,000 again early Friday as a pumped up cryptocurrency industry expects early action by Donald Trump when he’s sworn in as president next week.
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January 16, 2025
BlackRock assets hit record $11.6 trillion in fourth quarter
BlackRock posted a 21% fourth quarter jump in profit after buoyant equity markets increased income from fees and drove its assets to a record high of $11.6 trillion, the world’s largest money manager said. The growth was partly driven by a U.S. stock market rally after Donald Trump’s presidential election victory in November.
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January 16, 2025
Dollar weakens after CPI shows cooling inflation; yen firms on BOJ talk
The dollar weakened against major peers after cooler-than-expected data eased fears that inflation was accelerating and increased the chances the Federal Reserve could cut interest rates twice this year. The Bureau of Labor Statistics showed consumer prices rose 2.9% in the 12 months through December, in line with economists’ expectations. The Dollar-Yen pair dropped 0.9% […]
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January 16, 2025
Cooler core inflation revives bets on Fed rate cuts
Fed policymakers may be able to reduce interest rates a couple of times this year, after a government report helped allay fears that inflation was accelerating in the final full month of Joe Biden’s presidency. The core consumer price index, which excludes food and energy prices and is seen as a gauge of underlying inflation […]
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