Top Story
Bitcoin falls below $80,000 after Warsh’s first Fed meeting
The cryptocurrency is trading at $79,979.85, below both its 20- and 50-session moving averages, with markets already pricing in another rate increase in December.
Personal Finance
The cash sitting in your checking account: what idle savings really cost
The Fed held rates near 4%, the average US savings account pays 0.62%. What idle cash costs in interest and purchasing power,...
Fed & Central Banks
Lagarde to step down as ECB president on February 7, 2027
The announcement came hours before the Governing Council’s rate decision, with three of the six Executive Board seats now set...
Big Tech Stocks
Alphabet shares fall 10% as free cash flow turns negative
The company burned $9.07 billion in the third quarter as capital spending on AI outran cash from operations.
AI & Tech
Big Tech Stocks
Alphabet shares fall 10% as free cash flow turns negative
The company burned $9.07 billion in the third quarter as capital spending on AI outran cash from operations.
Big Tech Stocks
Broadcom seen as the biggest winner from Anthropic’s IPO
D.A. Davidson upgraded AVGO to buy and raised its target to USD 400, and the stock gained more than 3% on Wall Street.
Big Tech Stocks
Nvidia to invest $3 billion in Meta share sale
The chipmaker is buying into a customer that aims to raise as much as $97.5 billion for artificial intelligence, in a deal that has split Wall...
Economy & World
Fed & Central Banks
Lagarde to step down as ECB president on February 7, 2027
The announcement came hours before the Governing Council’s rate decision, with three of the six Executive Board seats now set to turn over by...
Fed & Central Banks
Fed holds rates at 3.75%-4% as Warsh flags inflation risk
Two FOMC members dissented in favor of a quarter-point hike, and markets still expect an increase at the December 8-9 meeting.
Economy & World
Italy’s lowest declared income, EUR 7,959, is on the Swiss border
Ministry of Economy figures for 2024 put Milan above EUR 40,000 and Calabria at EUR 18,474, but the bottom of the table is filled with...
Lifestyle Money
Luxury
Kering stock sinks 14% as Gucci drags down the third quarter: Barclays maps the best and worst case
A wave of target-price cuts followed Kering’s third-quarter results, with Barclays sketching a bull case at €310 a share and a bear case at €110.
Luxury
LVMH disappoints in the third quarter: China slows again and the stock slides after a difficult 2026
Third-quarter revenue grew just 1% organically, against a luxury sector expected to run closer to 5%, as Fashion & Leather Goods — the...
Pop Economics
Britain’s least reliable cars of 2026, according to a major owner survey
The What Car? annual reliability survey has ranked the best and worst cars on British roads, and three German models and one French model sit...
Markets
Crypto
Bitcoin falls below $80,000 after Warsh’s first Fed meeting
The cryptocurrency is trading at $79,979.85, below both its 20- and 50-session moving averages, with markets already pricing in another rate...
Commodities
Silver falls to $53.81, a whisker from its low for the year
Down 24% in 2026, the metal is caught between a hawkish Fed, rising oil and shrinking solar demand, though UBS still sees $70 by December.
Stocks
Hedge funds post worst week since 2024 as Goldman flags $65 billion CTA overhang
Systematic funds lost 2% in a week in which the S&P 500 slipped less than half a point, as money rotated out of the AI names they own most.