Here are the most important news items that investors need to start their trading day:1. Taking stockThe final two days of the trading year will help to determine just how strong 2024 is for stocks. U.S. futures traded lower Monday following a losing session for the major averages on Friday. Entering the week, the S&P 500 and Dow Jones Industrial Average have climbed 25% and 14%, respectively, on pace for their best years since 2021. The tech-heavy Nasdaq has gained 31%. Markets will close Wednesday for New Year’s Day. Follow live market updates.2. Jimmy Carter diesFormer U.S. President Jimmy Carter…
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Officials assessed the damage on Sunday after a strong storm system moved across the southern U.S. over the weekend, spawning tornadoes and killing at least four people.There were at least 45 reports of tornado damage across Texas, Louisiana, Mississippi, Alabama and Georgia, said Brian Hurley, a meteorologist with the National Weather Service’s Weather Prediction Center. Crews will do damage surveys to confirm tornadoes.The storms during busy holiday travels caused some treacherous road conditions along with delays or cancellations at some of the busiest U.S. airports. As of Sunday afternoon, there were over 600 flight delays affecting Hartsfield-Jackson Atlanta International Airport,…
U.S. Treasury yields were slightly lower on Monday as the final trading days of the year got underway.At 6:17 a.m. ET, the yield on the 10-year Treasury was down by more than 2 basis points at 4.599%, trading just below multimonth highs recorded last week. The 2-year Treasury yield was last trading at 4.304% after dipping by more than 2 basis points.Yields and prices move in opposite directions and one basis point equals 0.01%.Investors focused on the end of the year and quarter, and considered the outlook for the U.S. economy and the path ahead for monetary policy from the…
The wreckage of Jeju Air Co. Flight 2216 at Muan International Airport in Muan County, South Korea, on Monday, Dec. 30, 2024.SeongJoon Cho | Bloomberg | Getty ImagesBoeing shares dropped nearly 5% in premarket trading Monday, after South Korea ordered an inspection of all B737-800 planes, the model involved in a deadly Jeju Air crash over the weekend.Acting President Choi Sang-mok told the transport ministry to carry out an emergency safety inspection of the country’s entire airline operation system, while officials at the Ministry of Land, Infrastructure, and Transport (MOLIT) said they would conduct a “comprehensive special inspection of the…
Investors may be in for a bumpy ride next year, but there are ways to maximize returns without taking a lot of risk. While stocks are considered risky assets, moving everything into fixed income is not the best way to boost your portfolio, experts said. Instead, a balanced approach that incorporates several different assets can help minimize risk and goose returns, they said. Strategists are expecting some volatility in the markets in 2025, according to the CNBC Market Strategist Survey released earlier this month. The average Wall Street forecast shows the S & P 500 ending next year at 6,630,…
Former U.S. President Jimmy Carter and his wife Rosalynn wave to the audience during the Democratic National Convention at the FleetCenter July 26, 2004 in Boston, Massachusetts.Scott Olson | Getty ImagesFormer presidents, members of Congress and other U.S. leaders from across the political spectrum began honoring former President Jimmy Carter after the Carter Center confirmed that the 39th president of the United States had died Sunday.Politicians heaped praise on Carter for his lifetime of service, pointing to his humanitarian and volunteer work, as well as his advocacy for peace around the world. Leaders also reminisced about their friendships and work alongside the late…
Managing Asia’s Christine Tan caught up with ServiceNow’s Chairman and CEO, Bill McDermott in Singapore, where he shared about his partnership with Nvidia’s Jensen Huang and how he plans to turn ServiceNow into “the AI platform” for business.Since joining ServiceNow in late 2019, Bill McDermott has been laser-focused on AI, driving his vision to position the company as “the AI platform for business transformation.”This isn’t just an attempt to capitalize on a trend; ServiceNow has been working towards this goal for some time.”We were building large language models with Jensen Huang and Nvidia more than five years ago,” Bill McDermott…
European markets are set to open in mixed territory on Monday, in what will be the region’s final full trading session of the year.London’s FTSE 100 index is slated open 10 points lower at 8,127, according to IG, while the French CAC 40 is expected to add 67 points to open at 7,350. Germany’s DAX is expected to open 34 points lower at 19,949, IG’s data shows.Trading is expected to be muted in Europe on Monday, as markets prepare to wind down for the New Year holiday.Over the weekend, European Central Bank Governing Council member Robert Holzmann told Austrian newspaper…
As the ransomware industry evolves, experts are predicting hackers will only continue to find more and more ways of using the technology to exploit businesses and individuals.Seksan Mongkhonkhamsao | Moment | Getty ImagesRansomware is now a billion-dollar industry. But it wasn’t always that large — nor was it a prevalent cybersecurity risk like it is today.Dating back to the 1980s, ransomware is a form of malware used by cybercriminals to lock files on a person’s computer and demand payment to unlock them.The technology — which officially turned 35 on Dec. 12 — has come a long way, with criminals now…
Jimmy Choo at a graduate show by students of the JCA London Fashion Academy, the design and business program he founded in 2021.Dave Benett | JCA London Fashion Academy | Getty ImagesFrom British royalty to Hollywood stars, Jimmy Choo’s luxury shoes have been worn by countless celebrities on red carpets around the world.Now Choo is helping the next generation of fashion designers to follow in his footsteps, with the opening of an online store selling clothes and accessories made by students and graduates of his design program the JCA London Fashion Academy.”My father always said to me, if you have…
