US stocks saw a mixed performance Wednesday, with the Nasdaq reaching a new high while the Dow fell. Inflation rose to 2.7%, exceeding October’s figures. The CNN Business Fear & Greed Index remained in ‘Neutral’ territory, suggesting cautious optimism in the market.
Former Treasury Secretary Larry Summers issued a stark warning about the potentially devastating inflationary consequences of President-elect Donald Trump’s proposed economic policies, drawing parallels to the inflationary spiral under President Nixon. Summers highlighted the risks to investors and markets, contrasting Trump’s plans with the current relatively low inflation rate.
Wednesday’s stock market surge, fueled by positive inflation data and expectations of a Fed rate cut, saw the Nasdaq 100 hit a record high. Tech giants, particularly the ‘Magnificent Seven,’ led the gains, while GameStop and Candel Therapeutics experienced significant price increases due to individual company news.
Leading cryptocurrencies surged after positive inflation data increased expectations of a Federal Reserve rate cut. Bitcoin surpassed $100,000, Ethereum climbed above $3,800, and the overall market capitalization reached $3.61 trillion. Analysts predict further gains for Bitcoin and Ethereum.
The Nasdaq Composite soared past the 20,000 mark for the first time, driven by a surge in tech stocks and growing confidence in Federal Reserve rate cuts. This milestone follows the release of November’s CPI data and reflects broader market optimism.
This week saw significant fluctuations in the cryptocurrency market, mirroring stock declines ahead of crucial inflation data. Meanwhile, Trump’s economic policies are making headlines, impacting housing, investments, and trade, alongside major developments in tech, including advancements in quantum computing and electric vehicles.
November saw a 2% month-on-month decrease in the cost of home-cooked vegetarian thalis in India, while non-vegetarian thali costs remained unchanged. Fluctuations in vegetable prices, particularly a 17% drop in tomato prices, and increases in onion and potato prices, played a significant role. CRISIL Market Intelligence and Analytics offers insights into the factors influencing these trends and future predictions.
The looming threat of widespread tariffs under a potential Trump administration is sending shockwaves through the US economy. Experts predict significant price increases across various consumer goods, from automobiles and electronics to household appliances. Learn which products will be hardest hit and how to prepare.
President-elect Trump’s proposed tariff increases spark debate among analysts. While some view it as a negotiating tactic, others analyze its potential impact on inflation, the stock market, and the economy, drawing parallels to historical tariff policies like the Smoot-Hawley Act. This article examines the historical context, potential market effects, and expert opinions on the matter.
A Delhi resident’s humorous request for extra onions on a Swiggy order due to their high price went viral. Swiggy responded by launching a one-hour flash sale, offering onions at a significantly reduced price.
