Rebound in Global Tech Stocks Extends, Lifting Markets in Asia
A rebound in global AI-related stocks continued, while U.S. markets were closed for Thanksgiving.
—-
Bitcoin Surges Above $90,000 Without Stock Market’s Help. Why That’s Big for Cryptos.
Bitcoin, Ethereum and XRP were jumping Thursday even as the U.S. stock market was closed for the Thanksgiving holiday.
The indicator inched up and is now at its highest level since April 2023, though remains below its long-term average.
—-
U.K. Budget Trims Inflation But Offers Limited Relief for BOE
The budget is unlikely to cool inflation in a sustained manner that would open the way for many more rate cuts, economists say.
—-
Gilt Yields Rise, Sterling Falls as Concerns Over Budget Resurface
Focus on U.K. spending, as well as on the delayed nature of many of the government’s tax raises, weighed on sentiment.
—-
Corporate Dealmaking Is Getting Bigger and Bolder Under Trump
âA more lax approach to merger enforcement has led to fewer challengeâs, with companies more willing to pursue deals that combine direct competitors.
—-
Sweden’s Debt Office Expects Widening Budget Deficit, Increases Borrowing Plans
For 2025 and 2026, the deficit is now 94 billion kronor larger than the May forecast.
—-
BOJ Rate Hikes Must Proceed With Caution, Board Member Says
The Bank of Japan should proceed cautiously with interest-rate increases, tightening at a pace that is neither too fast nor too slow, said policy board member Asahi Noguchi.
—-
Talking Turkey: Lamb Is Expensive and It’s Not Just Tariffs.
Domestic supplies of lamb have been shrinking for years. Imports, which have filled the gap for years, are declining.
—-
Five Key Takeaways From the Fed’s Economic Survey
The Federal Reserve’s anecdotal look at the economy shows a sputtering job market and moderate inflation in November.
—-
Chicago Business Activity Slumps Unexpectedly
Business activity in the Chicago area recorded a marked fall in November, driven by declines in orders, production and employment, a monthly survey showed.
—-
The U.K. just hiked its minimum wage again. Now it’s more than double the U.S.’s hourly pay floor.
British workers are about to get a minimum-wage bump higher, putting the U.K. near the top of a world ranking.
—-
Bank of Korea Holds Steady as It Flags Higher Growth, Inflation
South Korea’s central bank maintained its policy rate at 2.50% for the fourth consecutive meeting, staying on the sidelines as it raised its growth and inflation forecasts.
