The Bank of Russia is set to make a second straight half percentage-point cut to its key interest rate, offering only limited relief to the slowing economy amid uncertainty over whether an upcoming tax hike could stoke inflation https://t.co/9sgasAqTHe ...

The Bank of Japan raised its key policy rate to a 30-year high on Friday to help curb inflation, as widely expected, and financial markets took the move in stride. The 0.25 percentage point hike took the BOJ's benchmark short-term rate to 0.75%, its highest level since September 1995. It will raise costs for mortgages and other loans, but also boost yields on savings deposits. “It is highly likely that wages and prices will continue to rise moderately,” BOJ Gov. Kazuo Ueda told reporters. “Risks to the ...

Bitcoin slipped to around $85,200 on Friday as Asian stocks steadied after a tech-led bounce on Wall Street, and traders turned their attention to Japan, where a Bank of Japan rate move later in the day could jolt currencies and bonds. The mood improved after a shock slowdown in US consumer price inflation to 2.7%, although analysts cautioned the reading looked clearly distorted lower by the government shutdown and should not be taken at face value. Market snapshot Bitcoin: $85,811, down 1% Ether: $2, ...

When you walk around Costco, there's one thing you can't help but notice. And it's not just the fact that many of the items are supersized. Costco's prices, even for non-bulk items, are among the most competitive in retail. And that's incredibly important at a time when so many consumers are struggling. In November, prices for common consumer goods and services were up 2.7% broadly, according to last month's Consumer Price Index. Food costs rose 2.6%, electricity was up 6.9%, and piped gas service was u ...

Joining us now for a look at what is happening globally, Victor Schvetzet, a head of global desk of strategy McQuary Capital. Uh, very good morning to you, Victor. Thanks so much for joining me once again today.Uh, look, obviously it's been a very busy morning on the macro front with what we've heard out with regards to the inflation picture here, but let's shift our attention to obviously what we've heard out of the Bank of England and the ECB this morning. No surprises there, although maybe the Bank of En ...

Consumer Spending and Market Dynamics - The recent consumer spending data indicates a potential beginning of a Santa Claus rally, with the Dow advancing 66 points and the NASDAQ surging 1.38% [2] - Consumer spending, which constitutes two-thirds of the economy, has shown signs of improvement, particularly as inflation rates decline [4][8] - Retail performance has been mixed, with Walmart performing well due to its strategy of keeping prices low, while other retailers like Nike are struggling [3][11] Inflation Trends - The core Consumer Price Index (CPI) has fallen to a four-year low, suggesting that inflation may have peaked and is starting to decline positively [8][9] - Various costs, including gasoline and used car prices, are decreasing, which could enhance consumer spending power [9][10] - Home prices are also reportedly coming down, with some average selling prices now below 2019 levels [10] Technology Sector Insights - The technology sector has faced skepticism regarding unlimited data spending, particularly with Oracle raising $18 billion for data center buildouts [5][6] - OpenAI is attempting to raise $100 billion at an increased valuation of $830 billion, which could support aggressive data center expansion and positively impact stocks like Nvidia and Broadcom [6][7] - The market has shown a broadening rally beyond tech, with significant gains in financials and autos, indicating a shift in investor sentiment [16][22] Retail Sector Performance - Retail stocks have seen positive movements, with companies like Darden, Texas Roadhouse, and Target reporting gains [12] - Amazon's e-commerce platform remains a significant contributor to its overall performance, despite the focus on Amazon Web Services [13] - The overall retail sector is poised for growth, coinciding with the holiday season and improving consumer sentiment [16]

Hey, I'm Kramer. Welcome to Mad Money. Welcome to Crane America.Other people make friends. I'm just trying to make you a little bit of money here. My job is not just to entertain, but to explain.So, call me at 1800743 CNNBC. Tweet me at Jim Kramer. The Consumer Calvary got here just in time to give us what looks to be the beginning of a SANTA CLAUS RALLY.THAT'S the only way to describe what worked today. Everything involving consumer spending couldn't come as a better time because tech's been faltered. We n ...

Palantir bounced back Thursday on inflation news.Shares of Palantir Technologies (PLTR +4.73%) rose on Thursday, finishing the day up 4.7%. The jump came as the S&P 500 and the Nasdaq Composite finished up 0.7% and 1.3%, respectively.The artificial intelligence (AI) company's stock recovered most of Wednesday's decline after a softer-than-expected inflation report raised market hopes of more rate cutting by the Federal Reserve.NASDAQ : PLTRPalantir TechnologiesToday's Change( 4.73 %) $ 8.38Current Price$ 18 ...

Group 1: Oracle Developments - Oracle shares experienced a 6% gain on December 18, reflecting renewed investor confidence following positive project updates and technical buying, which countered previous concerns over AI-related spending and data center financing [2][3] - Michigan regulators have approved utility support for Oracle's planned $10 billion data center, reducing project execution risk and indicating progress in the project [3] - Oracle's involvement in a U.S. TikTok deal as a strategic minority investor reinforces its position in large-scale tech transactions and may enhance market confidence in the company [3] Group 2: Bank of Japan Interest Rate Hike - The Bank of Japan is expected to raise interest rates to a three-decade high of 0.75% on December 19, marking a quarter percentage point increase from the current 0.5% [6][7] - This anticipated rate hike is the second tightening move of the year, driven by sustained inflation above the central bank's 2% target, with core consumer prices rising 3.0% in November [6][7]

🚨 INSIGHT: $BTC briefly approached $90K after softer U.S. inflation data but failed to hold momentum as key on-chain and macro signals still limit a sustained breakout. https://t.co/ku2mYnx1t1 ...