BREAKING: Stocks Fall Heading Into Final Day Of 2025 Today's Spotlight Leaderboard New Year's Sale Start your 2026 investing resolutions with 1 month of Leaderboard for $29. Free Investing Podcast Listen to IBD's podcast for new investing tips and trade ideas every week. Subscribe today! Get Market Insights on IBD Live Join IBD Live to watch and discuss the market action in real time with top market analysts. More News (© Chris Gash) Next Data Center Roadblock For Google, Microsoft, Oracle, Meta Is On Main ...

Bitcoin is increasingly correlated with equities, and strong risk-on sentiment improves BTC’s appeal. When stocks rally, capital flows into crypto. Post-ETF approval, Bitcoin's relationship with the S&P 500 tightened significantly. Citi's Bitcoin prediction assumes this correlation continues with equities grinding higher through 2026.Large ETF inflows create stable buying pressure that supports higher prices. Bitcoin spot ETFs launched in January 2024 and initially attracted tens of billions. Citi expects $ ...

Market Overview - The Dow Jones Industrial Average decreased by 20.23 points (-0.0415%), closing at 48710.97, while Dow Futures indicated a weaker outlook, down 97.00 points (-0.1980%) at 48901.00, reflecting mixed market sentiment without significant economic data or policy announcements driving movement [1] Gainers - Nike (NKE) led the advancers with a share price increase of 1.55% - UnitedHealth Group (UNH) rose by 1.17% - 3M Company (MMM) added 1.09% - Nvidia (NVDA) increased by 0.78% - Home Depot (HD) saw a rise of 0.68%, indicating strength across consumer and industrial sectors [2] Decliners - Boeing (BA) was among the biggest decliners, down 0.90% - McDonald's (MCD) experienced a decline of 0.85% - Walt Disney Company (DIS) fell by 0.80% - Goldman Sachs (GS) and JPMorgan Chase (JPM) saw modest declines of -0.41% and -0.40% respectively, contributing to the overall subdued performance of the index [3]

China plans to start paying interest on digital yuan holdings to help speed up adoption of its central bank digital currency, with interest payments scheduled to begin in January. Citing an article written by People’s Bank of China’s (PBOC) deputy governor Lu Lei on Financial News, a newspaper affiliated with the central bank, Bloomberg reported that commercial banks that operate digital yuan wallets will pay customers interest based on their E-CNY balances. This move represents a milestone in the devel ...

Core Viewpoint - The article discusses the current market conditions characterized by volatility and fluctuations in bond yields, emphasizing the need for strategic planning in both short-term and long-term investments [1]. Group 1: Market Conditions - The market is experiencing significant volatility, with the Shanghai Composite Index showing a nine-day rise, influenced by supply concerns and the unwinding of hedging positions in the bond market [5][6]. - The central bank conducted a 7-day reverse repurchase operation of 482.3 billion yuan, with a net injection of 415 billion yuan after 67.3 billion yuan matured [3][5]. - The bond market is seeing a substantial increase in long-term bond yields, with the 10-year government bond yield rising to 1.858% [5][6]. Group 2: Interest Rates and Trading Activity - The weighted average rates for various repurchase agreements are as follows: R001 at 1.34%, R007 at 1.94%, and R014 at 1.87%, indicating a mixed trend in short-term funding costs [4]. - The trading volume for R001 decreased by approximately 795.6 billion yuan, while R007 saw an increase of about 10.7 billion yuan [4]. - The bond market is described as being under pressure, with rapid declines in bond prices observed, particularly in the 30-year government bond futures [6].

Work schedules don't always have much sympathy for holiday plans — especially the notoriously grueling hours of the finance industry. When it comes to carving out time for gifting, some Wall Streeters opt to outsource the task, while others shop at convenient stores close to, or even within, their offices."This time of year, time seems to move a little bit faster," said Elisabeth Brown, the director of US membership at luxury travel and lifestyle concierge company Knightsbridge Circle. Brown said that gi ...

Core Insights - China's central bank digital currency (CBDC), known as the e-CNY or digital yuan, is set to undergo significant transformations aimed at enhancing its functionality and adoption in the financial ecosystem [1] Group 1: Transition to Digital Deposit Model - The e-CNY will transition from a "digital cash" equivalent to an account-based "digital deposit money" system, aligning with M1, which includes cash plus demand deposits [3] - This transition will make the digital yuan interest-bearing, allowing wallet balances to function as liabilities of commercial banks under the oversight of the People's Bank of China (PBOC) [3][6] - Starting January 1, 2026, the digital yuan will officially become interest-bearing, which is expected to drive greater adoption [6] Group 2: Adoption and Integration - Despite being in the testing phase for over five years, the digital yuan has onboarded millions of users across public and private sectors [2] - By mid-2024, transaction volumes for the e-CNY reached over 7 trillion yuan (approximately $986 billion), primarily driven by retail and domestic use cases [4] - The new operational model emphasizes full-scale integration in retail, government services, and international trade, moving beyond trial programs [4] Group 3: Infrastructure and Regulatory Enhancements - The PBOC's new action plan enhances the e-CNY infrastructure by adding reserves, security, and improved management to facilitate broader adoption [6] - The system will maintain compatibility with distributed ledger technologies while ensuring core monetary functions such as serving as a unit of account, store of value, and medium for cross-border payments [7]

Sanjay Malhotra has made structural changes to banking regulation to bring down costs and increase efficiency. Plus, he kicked off a benign interest regime. But there are challenges ahead.IMAGE: Reserve Bank of India Governor Sanjay Malhotra addresses the SBI Banking Economics Conclave in Mumbai, November 7, 2025. Photograph: ANI Video Grab During his second monetary policy press meet in April this year, Reserve Bank of India Governor Sanjay Malhotra observed that while his name is Sanjay, he is not the San ...

"As Treasury Secretary, my job is to be the nation's top bond salesman. And Treasury yields are a strong barometer for measuring success in this endeavor," Bessent said in a November 12 speech, noting borrowing costs were down across the curve. The Treasury did not respond to a request for comment for this story.Treasury Secretary Scott Bessent – a former hedge fund manager - has repeatedly said he is focused on keeping yields down, especially on the benchmark 10-year bond, which affects the cost of everyth ...

Group 1: Trump-Linked Crypto Assets - Trump-linked assets experienced initial momentum due to political support but ultimately faced significant declines, with Trump's memecoin down over 80% from its January high and Melania's token down nearly 99% [2][3] - The Trump family actively engaged in the crypto space, launching various tokens and promoting them, which initially created a compelling investment narrative [4][6] - Despite the political backing, the underlying volatility and speculative nature of crypto assets led to substantial losses, highlighting the risks associated with such investments [1][6] Group 2: European Defense Stocks - A geopolitical shift has resulted in significant gains for European defense stocks, with companies like Rheinmetall AG and Leonardo SpA seeing year-to-date rallies of approximately 150% and over 90%, respectively [12][14] - The change in sentiment towards defense stocks has prompted asset managers to redefine their investment mandates, moving away from previous ESG concerns [13][14] - A Bloomberg basket of European defense stocks increased by more than 70% for the year, indicating a strong market response to increased government spending on defense [14] Group 3: AI Trade and Market Dynamics - Scion Asset Management's disclosure of protective put options in Nvidia and Palantir highlighted skepticism regarding the high valuations in the AI sector, with Nvidia's strike price at 47% below its recent close [8][9] - The market reaction to Burry's trade led to a temporary decline in Nvidia and Palantir stocks, illustrating the fragility of investor confidence in high-growth tech stocks [10][11] - The AI trade narrative has been characterized by rapid price movements and speculative behavior, raising concerns about sustainability as market dynamics shift [11] Group 4: Japanese Bonds - The Japanese bond market, previously seen as a "widowmaker" for short-sellers, has turned favorable for bearish investors as yields surged, with benchmark 10-year JGBs exceeding 2% for the first time in decades [27][28] - The shift in yields has prompted discussions among fund managers about selling JGBs, indicating a potential long-term bearish outlook on Japanese government bonds [28] Group 5: Credit Market Dynamics - The credit markets in 2025 faced challenges from a series of smaller collapses, exposing weaknesses in borrower practices and leading to significant losses for lenders [39][41] - Notable cases included Saks Global restructuring $2.2 billion in bonds and New Fortress Energy's bonds losing over half their value, highlighting the risks associated with lax lending standards [40][41] - The trend of "creditor-on-creditor violence" emerged, where funds that broke ranks with their peers on financing decisions reaped substantial rewards, demonstrating the competitive nature of credit markets [29][30]