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. The S&P 500 also fell 0.6% during the same 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 It set a new record on Sunday night, topping $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.
Brendan McDermid | Reuters
4. General Motors’ growth strategy
General Motors’ Cruise robo-taxi division 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 Wendy’s, on the other hand, has had a tough time — although a push toward promotions has helped drive traffic to its restaurants. Yum Brands Taco Bell is doing better this year because diners think it’s a good value. Meanwhile, fast-casual chains like Cava and Wingstop are also experiencing strong growth. 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.
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