Latest Finance-Economy News
US Stock Markets Close at Record Highs in Holiday Session
The Dow Jones rose 0.6% to 48,731.16, S&P 500 gained 0.33% to 6,932.05, and Nasdaq added 0.22% to 23,613.31 in a shortened Christmas Eve session. Expectations for Fed rate cuts persisted amid strong Q3 GDP growth and falling unemployment claims to 214,000. Volatility Index dropped 3.79% to 13.47.
Trian and General Catalyst to Take Janus Henderson Private for $7.4 Billion
Nelson Peltz's Trian and General Catalyst agreed to acquire Janus Henderson, following Trian's stake in 2020 and October offer. This deal highlights private equity activity amid industry downturns. Firms aim to pay $7.4 billion to take the asset manager private.
More Private-Equity Firms Plan Minority Stake Sales for Cash
Private-equity managers are planning to sell minority stakes due to ongoing industry downturn, seeking outside investment. Buyer enthusiasm remains uncertain in this trend. This follows similar moves to raise capital.
US Economy Grows at 4.3% in Q3, Raising K-Shaped Recovery Concerns
GDP surged 4.3% annually, exceeding expectations with strong consumer spending and $166 billion corporate profits. However, businesses cut investment and hiring, signaling jobless growth and wealth-driven economy risks. Economist Diane Swonk warns of stagflation risks from stimulus on inflation.
SEC Alleges Fake Crypto Firms Stole $14 Million from Investors
The SEC claims fraudulent crypto firms stole $14 million, funneling funds overseas via bank accounts and wallets. Investors were targeted by these would-be schemes. This underscores ongoing crypto regulatory scrutiny.
Bank of Canada Officials Uncertain on Future Rate Direction
Minutes show policymakers hesitant on whether next rate change will be hike or cut, due to volatile data and trade uncertainty. This reflects caution in monetary policy. Direction remains unpredictable.
Bitcoin Miners Pivot to AI, Boosting ETFs Despite BTC Slump
Bitcoin miners are retooling data centers for AI, lifting a mining ETF by 90% this year even as bitcoin prices fell. This side hustle provides new revenue streams. Pivot highlights sector adaptation.
Car Loan Payments Average Over $750 Monthly with 100-Month Terms
New car prices up 33% since 2020, pushing average payments above $750 and loans to 8-10 years. Consumers stretch terms amid high interest. This trend burdens households.
Blackstone Acquires Major Tokyo Logistics Asset for $641 Million
Blackstone's real estate funds agreed to buy Tokyo C-NX, a 1.6 million sq ft warehouse valued at over JPY 100 billion, Japan's largest logistics deal this year. It supports e-commerce growth in central Tokyo. Blackstone expands in Japan's logistics and data centers.
Experian Reports Improving US Lending Conditions into 2026
Q4 chartbook shows solid economic momentum, better lending standards, rising credit demand, and stable delinquencies despite tariffs. Economy positioned for growth with healthier credit. Logistics subsectors signal caution with rising delinquencies.
Schwab and Robinhood to Match $1,000 Gifts to Trump Accounts
Brokerages Schwab and Robinhood will match $1,000 gifts to Trump-related accounts, following Dell, BNY Mellon, and BlackRock. This supports specific investment initiatives. Move aligns with corporate announcements.
Fidelity Contrafund's Will Danoff Adds Co-Managers Amid Succession Talk
Legendary manager Will Danoff has onboarded two co-managers for the massive fund, signaling potential handover without mentioning retirement. This eases transition concerns. Succession planning advances.