• December 8, 2024

Free Mobile Plan for Shareholders Spurs 7% Jump in Rakuten Stock

(Bloomberg) -- Rakuten Group Inc. shares surged on Monday after the Japanese e-commerce company announced that it would offer one-year free mobile plans for shareholders. Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitThe 6.7% advance in the stock, its biggest in

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• December 8, 2024

Options Giant Optiver Bets Japan’s Market Is About to Boom

(Bloomberg) -- Optiver is expanding its derivatives empire in Japan, where it aims to boost a single-stock options market that has so far been virtually non-existent.Most Read from BloombergA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectBrace for a Nationwide Shuffle of Corporate HeadquartersNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitThe speed trader, which has been dealing index con

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• December 8, 2024

South Korean Stocks, Won Slump as Political Crisis Deepens

(Bloomberg) -- South Korean stocks tumbled and the won approached its weakest level since 2009 following a weekend of political turmoil that left investors bracing for a period of heightened volatility. Most Read from BloombergA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectBrace for a Nationwide Shuffle of Corporate HeadquartersNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitThe benchmark

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• December 8, 2024

Yuan, Euro Slump Points to Losses for Emerging-Market Currencies

(Bloomberg) -- Losses in the Chinese yuan and the euro have picked up in recent months, and that is worsening the outlook for emerging-market currencies in Asia and Europe.Most Read from BloombergA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectBrace for a Nationwide Shuffle of Corporate HeadquartersNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitThat’s because the yuan and euro play a role

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• December 8, 2024

Oppenheimer’s Stoltzfus New Top S&P 500 Bull With 7,100 Target

(Bloomberg) -- The S&P 500 will extend its record-setting rally to 7,100 by the end of next year amid a strong economy, according to Oppenheimer Asset Management, whose outlook is now the most bullish among peers.Most Read from BloombergA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitFundamentals “suggest the current resilience of the economy

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• December 8, 2024

Analysis-Strong momentum makes it hard to bet against ‘freight train’ US stock rally

A relentless rally in U.S. stocks is showing few signs of slowing into year-end, even as rising valuations and signs of excessive speculation fuel worries that a pullback may be overdue. The S&P 500 notched its 57th record close of the year on Friday and is up nearly 28% in 2024, driven by a robust U.S. economy, expectations of lower interest rates and excitement over the tax cuts and deregulation promised by President-elect Donald Trump. The S&P 500 has gone over 13 months without straying 10% or more from its record high, the longest such streak in nearly three years.

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• December 8, 2024

UBS CEO Warns Markets Risk Being Rattled by Tariffs, Politics

(Bloomberg) -- The incoming US administration’s potential move to raise tariffs on trading partners could combine with conflicts around the globe to increase risk in financial markets next year, according to the chief executive of UBS Group AG. Most Read from BloombergA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectBrace for a Nationwide Shuffle of Corporate HeadquartersNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long,

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• December 8, 2024

Morning Bid: Markets keep calm as Syria falls in a rush

If you are wondering how markets have reacted to the stunning fall of President Bashar al-Assad in Syria, the answer is calmly. Gold and oil prices are up around 0.4%, but that's a modest move for such a rapid turn of events and there are no signs of a rush to safety. It would certainly seem to be a bloody nose for Russian President Putin who has spent years propping up the Assad regime and stands to lose control of his only naval base in the Mediterranean.

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• December 8, 2024

China's Nov exports likely grew 8.5% as factories shift stocks overseas: Reuters poll

China's exports likely grew in November, slower than last month's bumper data but continuing an upbeat trend as Chinese exporters likely frontloaded shipments amid growing tariff risks from the incoming U.S. administration. Outbound shipments are expected to have risen 8.5% year-on-year by value in November, the median forecast of 22 economists in a Reuters poll showed, compared to a 12.7% jump in October. Meanwhile, South Korea, a leading indicator of China's imports, reported a fourth-straight month of slowing exports growth in November, hitting a 14-month low, as shipments to the U.S. and China fell amid tariff uncertainty.

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• December 8, 2024

Sports, pop culture, and the weather: What's next for betting markets after exploding in popularity during the 2024 election

Prediction markets saw surging interest during the election. A month later, sites like Kalshi say they're seeing more activity in non-political bets, too.

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