Here are the most important news investors need to start their trading day:
1. Dreary December
Stocks enter the last full trading week of 2024 after a rough patch. this Dow Jones Industrial Average It has fallen for seven consecutive trading days, falling 1.8% last week. this S&P 500 Index It also fell 0.6% during the period. The only winner is Nasdaq Indexup 0.3% this week. Investors are awaiting the Federal Reserve’s December interest rate decision on Wednesday. Policymakers are widely expected to cut the Federal Reserve’s benchmark interest rate by a quarter of a percentage point. Follow real-time market updates.
2. Bitcoin Wealth
Bitcoin beat a new record On Sunday night, it topped $106,000. Market expectations that the Federal Reserve will cut interest rates again this week have boosted the strong gains in cryptocurrencies. Bitcoin is now up 50% since the presidential election and is up 145% this year.
3. AI capital injection
On December 6, 2016, SoftBank CEO Masayoshi Son gave a speech to the media after meeting with US President-elect Trump at Trump Tower in Manhattan, New York, USA.
Brendan McDermid | Reuters
SoftBank CEO Masayoshi Son will announce Planned investment of US$100 billion People familiar with the matter told CNBC’s Sara Eisen that operations in the U.S. will take place over the next four years. The head of the Japanese technology investment firm will unveil the plans in a joint statement with President-elect Donald Trump. Son will pledge to create 100,000 jobs in artificial intelligence and related infrastructure. Many business leaders, including Son, announced investments coordinated with Trump during his first term to win support for his administration.
4. General Motors’ growth strategy
General Motors’ Cruise robotaxi unit is one of its The latest growth plans have fallen through. The automaker said last week it would wind down the unit’s operations and once again return to its core business. Since acquiring Cruise in 2016, GM has invested more than $10 billion in the company, and executives once predicted that the company could bring in $50 billion in revenue by the end of the decade.
5. Order
Close-up of a McDonald’s Double Quarter Pounder Cheeseburger in San Ramon, California, August 3, 2024.
The Smith Collection | Gadot | Archive Photos | Getty Images
The restaurant industry has been further divided this year into winners and losers as consumers see their spending after years of inflation. Fast food chain stores such as McDonald’s and Wendy’s It’s been a tough time — although leaning into deals has helped drive traffic to restaurants. Yum Brands Taco Bell is doing better this year because diners think it’s a good value. Meanwhile, fast-casual chains such as Cava and wing stop Enjoyed the good years. Learn more about the restaurant industry winners and losers in 2024 here.
– CNBC’s Brian Evans, Jesse Pound, Tanaya Macheel, John Melloy, Michael Wayland and Amelia Lucas contributed to this report.
