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☆ 10-year Treasury yield rises as investors digest inflation data
▼ + stars: | 2024-12-12 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +2 min

ET, the 10-year Treasury yield was up by nearly three basis points to 4.3%. U.S. Treasury yields held steady on Thursday as investors digested the latest inflation reading and awaited further data. Economists polled by Dow Jones are expecting to see a 0.2% increase on a monthly basis. The data comes ahead of the Federal Reserve's final policy meeting next week where rate cut decisions will be made. Currently, traders are pricing in a nearly 99% chance of a quarter-point rate cut, according to the CME FedWatch tool.

Persons: Dow Jones, Dow, Whitney Watson Organizations: Treasury, U.S, Bureau of Labor Statistics, Dow Jones, Federal, Goldman Sachs Asset Management, Fed

☆ Warner Bros. Discovery separates TV networks from its streaming and studio business
▼ + stars: | 2024-12-12 | by ( Geoff Weiss | Lucia Moses | ) www.businessinsider.com time to read: +3 min

Discovery is splitting its linear TV business from streaming and studios. Comcast last month also spun off its cable networks — except Bravo — into a stand-alone company. The moves illustrate a cable business in decline, with both repositioning for M&A opportunities. Discovery is separating its linear television business from its streaming business and film studios. AdvertisementA new Global Linear Networks division will house TV properties like the Discovery Channel and CNN, while the Streaming & Studios side will be the home of Max and movie studio Warner Bros. Motion Picture Group.

Persons: WBD, Max, David Zaslav Organizations: Warner Bros, Comcast, Bravo, WBD, Networks, Discovery Channel, CNN, Studios, Scripps Networks, Big Tech, HBO, Industry, Paramount Global

☆ A controversial plan to refreeze the Arctic is seeing promising results. But scientists warn of big risks
▼ + stars: | 2024-12-12 | by ( Laura Paddison | ) edition.cnn.com time to read: +7 min

The group from the UK start-up Real Ice is in Cambridge Bay, a tiny coastal village in Nunavut, to try to prove they can grow and restore Arctic sea ice. Arctic sea ice is shrinking as humans continue to heat up the world by burning fossil fuels. The loss of sea ice is a global problem. A member of the Real Ice team takes measurements on the sea ice in Cambridge Bay in January 2024. A member of the Real Ice team testing the submersible pump during field trials in Nome, Alaska, in February 2023.

Persons: Andrea Ceccolini, Ceccolini, “, ”, Shaun Fitzgerald, ” Ceccolini, Jennifer Francis, Liz Bagshaw Organizations: CNN, Real, Climate, University of Cambridge, Real Ice, ”, Climate Research, University of Bristol Locations: Cambridge Bay, Nunavut, California, Alaska, Canada, Nome , Alaska

☆ Inside Look: World's Highest Grade Uranium Mine Supplies 11% of Global Demand.
▼ + stars: | 2024-12-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInside Look: World's Highest Grade Uranium Mine Supplies 11% of Global Demand. CNBC's Pippa Stevens with an inside look of the West's largest uranium mine, Cigar Lake in Northern Saskatchewan. This mine supplies about 11% of the global annual uranium demand and uses innovative techniques to extract high-grade uranium. As the demand for clean energy rises, especially from big tech companies like Microsoft and NVIDIA, the importance of such mines continues to grow. With geopolitical tensions increasing, these mines are becoming even more crucial.

Persons: Pippa Stevens Organizations: Microsoft, NVIDIA Locations: Northern Saskatchewan

☆ Here are Thursday's biggest analyst calls: Nvidia, Apple, Coca-Cola, McDonald's, Palantir & more
▼ + stars: | 2024-12-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Here are Thursday's biggest calls on Wall Street: UBS upgrades Diageo to buy from neutral UBS said it sees brand momentum for the beverage company. JPMorgan upgrades Brookfield Renewables to overweight from neutral JPMorgan said it's bullish on shares of the renewables company. Wells Fargo reiterates McDonald's as overweight The firm said it's a top idea heading into the holidays and 2025. " Bank of America upgrades Constellation Energy to buy from neutral The firm said shares of the energy company are "compelling." Goldman Sachs reiterates AT & T as buy The firm said the telecom company is a top idea in 2025.

Persons: Don Julio, Goldman Sachs, Nucor, Bernstein, Apple, it's, Morgan, Wells, Blackstone, TD Cowen downgrades Adobe, Cowen, KeyBanc, Mizuho, Morgan Stanley, Roblox, Hershey, it's bullish, Woodward, Goldman, bullish, TD Cowen, Baird, Palantir, Dr Pepper, Disney, Parsons, Jefferies Organizations: UBS, Diageo, Crown, Dynamics, Gulfstream, Apple, JPMorgan, Brookfield Renewables, Brookfield Renewable Partners, Brookfield Renewable Corp, Morgan Stanley, Alcoa, Mobile, Nvidia, Mizuho, MU, DELL, HSBC, Hershey, UW, EW, Citi, American Airlines, Benchmark, Penske, Penske Auto Group, AWS, Adv, Energy, Deutsche Bank, Pepsi, Deutsche, Beverage, Disney, " Bank of America, Inc, Holdings, Constellation Energy, Constellation Energy Group, DoD, Federal Civilian, Emerson Electric, Jazz Pharmaceuticals Locations: Western Australia, Wells Fargo, 1H25, CRDO, Mar

☆ Donald Trump and Bernie Sanders Want to Save You Money on Credit Cards
▼ + stars: | 2024-12-12 | by ( Emily Stewart | ) www.businessinsider.com time to read: +15 min

Sky-high credit-card interest rates are not popular. "He said, you know what, credit-card interest rates, which in some cases right now are 20, 25%, should not be higher than 10%. The average credit-card interest rate for new card offers is 24.43%, according to LendingTree — up about 10 percentage points from a decade ago. "Obviously, the interest rates have to respond to changing market conditions, and we've definitely seen that happen. A rate cap isn't the only solution to America's ballooning credit-card-debt problem and just how expensive it is to carry debt.

Persons: everyone's, Donald Trump, Sen, Bernie Sanders, Trump, Sanders, Elizabeth Warren, Matt Schulz, LendingTree, we've, Julie Margetta Morgan, Margetta Morgan, Schulz, Chi Chi Wu, Elon Musk, Wu, Banks, it's, Natasha, Janet Yellen, Aaron Klein, Barack Obama, Klein, Alexandria Ocasio, Cortez, they're, Warren, Carter Dougherty, Emily Stewart Organizations: White, Business, Politico, American Bankers Association, LendingTree, Consumer Financial, Federal Reserve Bank of New, Trump, Chi, National Consumer Law Center, Yale, Washington, Brookings Institution, Department, Treasury, Consumer, Financial Reform, Republicans Locations: Federal Reserve Bank of New York, Alexandria, Washington

☆ India's inflation slows from 14-month high, raising hopes of interest rate cut under new governor
▼ + stars: | 2024-12-12 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

India's headline inflation softened from 14-month highs, coming in at 5.48% in November. The print was down from the 6.21% in October and was below the 5.53% expected by economists polled by Reuters. India's economy expanded by just 5.4% in its second fiscal quarter ending September, well below estimates by economists and close to a two-year low. While the Reserve Bank of India does not produce monthly inflation estimates, the RBI projected the headline print will hit 5.7% during the country's third fiscal quarter ending in December. The RBI has previously cautioned that adverse weather events and the rise in international agricultural commodity prices pose upside risks to food inflation.

Persons: bode Organizations: Reuters, Reserve Bank of Locations: Reserve Bank of India, Agriculture

☆ Economy faces 'some potential storms' in 2025, Moody's chief economist says
▼ + stars: | 2024-12-12 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

Mark Zandi, chief economist of Moody's Analytics, testifies during the Senate Budget Committee hearing titled "The Default on America Act: Blackmail, Brinkmanship, and Billionaire Backroom Deals," in Dirksen Building on Thursday, May 4, 2023. Tom Williams | Cq-roll Call, Inc. | Getty ImagesThe economy is doing "exceptionally well" as President-elect Donald Trump gets ready to enter the White House, according to Moody's Analytics chief economist Mark Zandi. "The economy can weather a lot of storms," Zandi said. But, he added, "I do think there are some potential storms coming" next year under the new administration. Immigration policy, tariffs could affect economy

Persons: Mark Zandi, Tom Williams, Donald Trump, Zandi Organizations: Senate, Billionaire, Cq, Inc, Getty, Analytics, Consumer Federation, Gross

☆ CNBC Sport: Warner Bros. Discovery's distribution win, and how Netflix landed its Christmas Day NFL lineup
▼ + stars: | 2024-12-12 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +20 min

At first, I was a bit skeptical this was as big of a win for Warner Bros. Carriage fees for cable networks with many live NBA games and a popular studio show ("Inside the NBA") would typically rise. But, after doing a bit of digging, I've come to believe it's a little more of a win for Warner Bros. At first, I was a bit skeptical this was as big of a win for Warner Bros. But, after doing a bit of digging, I've come to believe it's a little more of a win for Warner Bros.

Persons: Alex Sherman, David Zaslav, I'd, Ernie Johnson, Charles Barkley, Kenny Smith, Shaquille O'Neal, –, Turner, Ian Eagle, Nate Burleson, Watt, Noah Eagle, Greg Olsen, Jamie Erdahl, Steve Wyche, Laura Rutledge, Mina Kimes, NBC's Devin McCourty, Jason McCourty, I'm, Olsen, Fox, Tom Brady, They're, Comcast's NBCUniversal, they're, Bob Baffert, Contessa Brewer, Baffert, Barnes, Whoopi Goldberg, George Chung, Goldberg, CNBC's Jess Golden, Michael Ozanian, Egon Durban, Michael Meldman, Armour, CNBC's Golden, Gabrielle Fonrouge, Steve Cohen, Juan Soto, Soto, Roger Goodell, Jay, Kendrick Lamar, Z, Sean, Diddy, Combs, Z's, Goodell, David Grogan Organizations: CNBC, Comcast, Warner Bros, Discovery, TNT, NBA, Warner Bros ., Turner Sports, NASCAR, NHL, MLB, sublicensing College Football, ESPN, Max, Netflix, CBS, Kansas City Chiefs, Pittsburgh Steelers, Baltimore Ravens, Houston Texans, NBC Sports, NFL, The New, Fox, Paramount, Kentucky Derby, Medina, Churchill Downs, CNBC Sport, Women's Sports Network, ABC, NBC, Philadelphia Eagles, Buffalo Bills, Miami Dolphins, Ares Management, Las Vegas Raiders, Silver, New York Red Bulls MLS, Illustrated, SI, Authentic Brands, New York Mets, The New York Post, Mets, New York Yankees, Major League Baseball, CNN, Front Office, NCAA, College Football, CFP, Alabama, SEC, Super, Allen & Company Sun Valley Conference Locations: J.J, The New York, Churchill, Baffert, Spain, Portugal, Morocco, Saudi Arabia, Sun Valley , Idaho

☆ Intel plans to take its chip subsidiary Altera public
▼ + stars: | 2024-12-12 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIntel plans to take its chip subsidiary Altera publicCNBC's Deirdre Bosa joins 'The Exchange' from the Barclays Global Technology Conference with IPO news.

Persons: Deirdre Bosa Organizations: Intel, Barclays Global Technology

☆ Fundamentals will take control of the oil market, UBS analyst says
▼ + stars: | 2024-12-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFundamentals will take control of the oil market, UBS analyst saysGiovanni Staunovo, commodity analyst at UBS Global Wealth Management, discusses the factors behind OPEC's downward revision to the oil demand growth outlook.

Persons: Giovanni Staunovo Organizations: UBS, UBS Global Wealth Management

☆ An entire team of EY lawyers jumped ship to a major US law firm
▼ + stars: | 2024-12-12 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

A team of eleven lawyers from EY have left the firm to join Hunton Andrews Kurth, a US law firm. 11 lawyers from the Big Four firm EY have been poached by the London office of Hunton Andrews Kurth, a US law firm. Hunton Andrews Kurth is an energy and infrastructure specialist. It is the 70th largest law firm in the US by employee numbers, with 754 lawyers in 2023, according to Law.com. Hunton Andrews Kurth has seen demand for its services rise in recent years.

Persons: Hunton Andrews Kurth, Charles Morrison, Sam Danon, Hunton Andrews, we've, Watkins, Ferdinand Calice, EY Organizations: EY, Big, Latham, Financial, PwC, KPMG, Deloitte, Business Locations: London, Europe

☆ UBS is expecting higher inflation in the next decade. Here are 5 trades the bank recommends to beat rising prices.
▼ + stars: | 2024-12-12 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

If you were expecting the Federal Reserve to finally put inflation to rest in 2025, don't get your hopes up. Rising prices are shaping up to be a persistent problem over the next decade, according to UBS. UBS sees the megatrends of increased deficits, deglobalization, and decarbonization as drivers of elevated inflation for the next decade. Protectionist policies like tariffs and other trade restrictions are likely to result in higher costs for consumers and businesses, slower worldwide economic growth, and, ultimately, increased inflation. This high-growth group of commodities can help increase returns on portfolios even with increased inflation.

Persons: —, That's, Mark Haefele, Donald Trump's, Stocks, Haefele, Dow, Schwab Organizations: UBS, Reserve, Wealth, Trust, American PLC, BHP Group, BHP, Copper Miners, Dow Jones

☆ US wholesale inflation surged higher in November
▼ + stars: | 2024-12-12 | by ( Alicia Wallace | ) edition.cnn.com time to read: +2 min

CNN —US wholesale inflation shot higher last month, an unwelcome sign that some prices could be heating up before they come down the pike to consumers. October’s monthly and annual rates were both revised higher from their initial estimates. However, food prices surged last month by 3.1%, driving the overall index higher. An ongoing deadly avian flu coupled with holiday-based demand has caused shortages and driven egg prices higher. On Wednesday, the latest Consumer Price Index landed in line with expectations but did show that some stagnation in the progress on reining in inflation.

Persons: Price Organizations: CNN, of Labor Statistics, PPI, Index

☆ Tech will be in a bull market for the next 2-3 years, says Wedbush Securities' Dan Ives
▼ + stars: | 2024-12-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTech will be in a bull market for the next 2-3 years, says Wedbush Securities' Dan IvesDan Ives, Wedbush Securities global head of technology research, joins 'Squawk on the Street' to discuss Ives' thoughts on equities in 2025, if it's still the early innings the rally in tech, and much more.

Persons: Dan Ives Dan Ives, Ives, it's Organizations: Email, Wedbush Securities

☆ SEC charges Cantor Fitzgerald, led by Trump’s Commerce pick, with breaking securities laws
▼ + stars: | 2024-12-12 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +2 min

Brendan McDermid | ReutersWASHINGTON — The Securities and Exchange Commission charged global financial services firm Cantor Fitzgerald with violating laws related to disclosures by so-called blank-check companies before they raised money from the public. Cantor Fitzgerald's chairman and CEO, Howard Lutnick, was recently nominated by President-elect Donald Trump to lead the Commerce Department. The SEC said that Cantor agreed to settle the case by saying the firm would not violate the relevant securities laws again and pay a $6.75 million civil penalty. The firm did not admit or deny the charges, which relate to certain antifraud and proxy provisions of federal securities laws. The SEC said that the team of Cantor executives and employees of Cantor subsidiaries searched for potential companies for the two SPACs to merge with, and had "substantive discussions" with potential targets.

Persons: Howard Lutnick, Piper Sandler, Brendan McDermid, Cantor Fitzgerald, Cantor Fitzgerald's, Donald Trump, Lutnick, Cantor, Andrew Kelly Organizations: Partners, Piper Sandler Global Exchange, FinTech Conference, Reuters WASHINGTON, The Securities, Exchange Commission, Commerce Department, SEC, Trump, Commerce, Republican, Madison, Reuters, View Inc Locations: New York City, U.S, New York, IPOs

☆ Tesla just lost one of its key autopilot execs to an Amazon-backed robotaxi rival
▼ + stars: | 2024-12-12 | by ( Tom Carter | ) www.businessinsider.com time to read: +2 min

Tesla's director of engineering for Autopilot has left the company for robotaxi rival Zoox. Elon Musk laid off over 10% of the company in April and is trying to pivot Tesla toward autonomous vehicles. AdvertisementZheng Gao, Tesla's director of engineering for Autopilot hardware and an eight-year veteran at the Elon Musk-run automaker is departing for rival robotaxi builder Zoox, the Amazon-backed company announced on Wednesday. Gao, who led hardware design for Tesla's Autopilot assisted-driving system, is the latest senior employee to leave the company. AdvertisementFour of CEO Elon Musk's direct reports previously announced their departures the week before Musk unveiled Tesla's Cybercab robotaxi in a glitzy Los Angeles event.

Persons: Zoox, Zheng Gao, Elon Musk, Gao, Elon Musk's, Musk, Marc Van Impe, Nagesh, Drew Baglino, Rebecca Tinucci, Tesla, Waymo Organizations: Tesla, Elon, Google, Amazon, Las Locations: Los Angeles, California, Texas, San Francisco, Las Vegas

☆ Inflation reckoning coming in 2025? Investors continue to ignore recent stubborn readings
▼ + stars: | 2024-12-12 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

While stocks fell slightly on Thursday, investors are mostly ignoring recent reports showing inflation is still a very real problem. But Bank of America thinks they may be forced to in the new year as inflation gets even worse. "The potential policy changes on the horizon — higher tariffs, deficit-financed tax cuts, and tighter immigration policy — could all put upward pressure on prices. Inflation similarly perked up in October , with the CPI increasing 0.2% for the month to 2.6%, up 0.2 percentage points from September. "A pause in January is likely in our view, and the risk is that policy changes could make that pause a lengthy one."

Persons: Stephen Juneau, Dow Jones, Juneau Organizations: Bank of America, of Labor Statistics, Federal Reserve

☆ The market is overlooking a key risk ahead of 2025: 'Stubbornly sticky' inflation
▼ + stars: | 2024-12-12 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Bond yields, which are correlated with inflation and interest rate expectations, leaped on the news. Following this print, the market believes an interest rate cut next week is almost guaranteed. Higher prices could complicate a strong setupMajor investment firms are almost universally bullish heading into 2025, and for good reason. "And while this print shouldn't force that reality to interrupt the holiday season, investors should be [wary] of impacts higher inflation might have on their portfolios and be prepared accordingly." The former often benefits from higher inflation since a jump in oil prices would pad its profits.

Persons: Lara Castleton, Janus Henderson, Steve Sosnick, Donald, Rick Rieder, Jim Baird, Plante, Baird, Gargi Chaudhuri, aren't, Ronald Temple, deglobalization, Rieder, Sinead Colton Grant, Trump, he's, Colton Grant, Janus Henderson's Castleton Organizations: Nasdaq, Janus, Janus Henderson Investors, Business, Interactive Brokers, Reserve, Financial, Americas, BlackRock, Trump, Lazard, Fed Locations: wilting, Castleton

☆ Americans who are charged overdraft fees are now on track to save $225 a year
▼ + stars: | 2024-12-12 | by ( Ayelet Sheffey | Juliana Kaplan | ) www.businessinsider.com time to read: +3 min

The CFPB previously found that banks were charging Americans unnecessary overdraft fees. AdvertisementOn Thursday, the Consumer Financial Protection Bureau announced that it finalized a rule that would limit overdraft fees at the bank. Overdraft fees are charged when customers make a withdrawal that results in a negative account balance. Lower-earning Americans are disproportionately impacted by overdraft fees, per a previous report from the CFPB. Have you paid overdraft fees or struggled with banking fees?

Persons: Rohit Chopra, Donald Trump, Elon Musk, Vivek Ramaswamy, Musk, Chopra, Musk's Organizations: Consumer Financial, Bureau, Department of Government, asheffey

☆ Overdraft fees crackdown: Biden administration sets new rules for banks
▼ + stars: | 2024-12-12 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —The Consumer Financial Protection Bureau has finalized a rule that curbs excessive overdraft fees charged to customers of large banks and credit unions, potentially saving consumers as much as $5 billion a year. The rule, unveiled Thursday, would cap overdraft fees at $5 — a substantial savings from the $35 that customers are typically charged. Additional options for banks would allow them to either cap fees at amounts that just cover their costs or to treat an overdraft like any other loan by disclosing terms like interest rates. “That is real relief for families.”Banking trade groups are against the new rule, saying that the agency’s proposed rule could backfire. Congress created the bureau in 2010 to protect consumers from financial scams.

Persons: ” Rohit Chopra, ”, Lael Brainard, Joe Biden’s, there’s, Trump Organizations: New, New York CNN, Consumer Financial, National Economic Council, Banking, Consumer Bankers Association, Court Locations: New York

☆ Why investors should move out of excess cash in 2025, according to experts
▼ + stars: | 2024-12-12 | by ( Michelle Fox | ) www.cnbc.com time to read: +7 min

Yields on cash-equivalent investments like money market funds , certificates of deposit and Treasury bills follow the Federal Reserve 's interest-rate moves. A record $6.77 trillion is sitting in money market funds, as of the week ended Dec. 4, according to the Investment Company Institute . Money market funds, with 12-months yields about 5%, averaged around a 7.34% return during that same time period, Alvarado said. Locking in income Investors' portfolios should be tailored to their time horizon and risk profile, Queen said. UBS is also advising investors to shift excess cash into assets that provide higher and more durable sources of income.

Persons: Peter Crane, Crane, Donald Trump, Cash, Luis Alvarado, Alvarado, Mark Haefele, Haefele, John Queen, Queen, Wells Fargo Organizations: Federal, Investment Company Institute, Fed, Crane, Bureau of Labor Statistics, Vanguard, Wells, Wells Fargo Investment Institute, Morningstar U.S, Fund, UBS, UBS Global Wealth Management, Capital Group, Wells Fargo Investment Group Locations: Wells Fargo, Asia

☆ A descriptive domain is the secret SEO weapon for unlocking business visibility and success
▼ + stars: | 2024-12-12 | by ( Sponsored Identity Digital | ) www.businessinsider.com time to read: +7 min

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Persons: Fili Wiese, Kaspar Szymanski, Rachel Sterling, Sterling, Wiese, Szymanski, seo.chat, Jack Carpenter, It's, Carpenter Organizations: Consulting, Google, Identity, Currents, Search, Identity Digital, Insider Studios Locations: Austin , Texas, Germany

☆ India's ReNew Energy offered to be taken private in $2.82 billion deal
▼ + stars: | 2024-12-12 | by ( ) www.cnbc.com time to read: +2 min

Some of the biggest investors in ReNew Energy Global have offered to take the company private, filings to the U.S. Securities And Exchange Commission show, in a deal that values the clean power generator at $2.82 billion, according to Reuters calculations. Major shareholders Canada Pension Plan Investment Board, UAE-based Masdar, ReNew Chairman Sumant Sinha and a unit of the Abu Dhabi Investment Authority have offered to buy shares in India's second largest clean energy generator at $7.07 each. The consortium has collective voting rights of 64% in ReNew, which is India's second biggest renewable energy firm after Adani Green. Shares of ReNew closed 17.7% higher at $7.46 on the Nasdaq on Wednesday, 5.5% above the offer price. Goldman Sachs , one of ReNew's earliest investors, sold its entire stake after the energy company went public in 2021.

Persons: Sumant Sinha, Adani, CreditSights, Masdar, JERA, Goldman Sachs Organizations: Energy Global, U.S . Securities, Exchange, Canada, Plan Investment Board, Abu Dhabi Investment Authority, Nasdaq, SEC, Fitch Group, NASDAQ Locations: UAE, Abu Dhabi, India's, India, U.S, Middle

☆ European Central Bank set to deliver final rate cut of the year: Live updates
▼ + stars: | 2024-12-12 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Skyscrapers on the skyline from the offices of the European Central Bank in Frankfurt, Germany, on Monday, Nov. 25, 2024. European Central Bank policymakers are set to hold their last meeting of the year on Thursday, with expectations firmly set for the fourth quarter-percentage-point interest rate cut of 2024. The rate had been held at 4% since Sept. 2023, prior to the first cut of the current easing cycle in June 2024. The European central bank has firmly guided expectations this year, unlike the Federal Reserve, which surprised many with its 50-basis-point rate cut in September, and the Bank of England, which has left market-watchers guessing due to its divided committee. Two key details will be in focus: firstly, staff macroeconomic projections for growth and inflation, which were last delivered in September.

Organizations: European Central Bank, ECB, Federal Reserve, Bank of England, U.S Locations: Frankfurt, Germany

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