📈 Stocks / Finance

Fed's Inflation Gauge Shows Little Progress

Yahoo Finance

The S&P 500 fell 0.4%, and the Nasdaq dropped 0.6% after the Fed's preferred inflation gauge showed stagnant progress in October, with core PCE up 0.3%. Year-over-year inflation reached 2.8%, missing the Fed's 2% goal. Dell's stock plummeted 12% due to weak revenue, mirroring HP's 11% decline.

Super Micro Computer volatility intensifies amid Nasdaq fears

Yahoo Finance

Super Micro Computer experienced significant price swings this week, surging 15.9% Monday before dropping 9.7% Tuesday, hitting a 2024 low. Despite prepaying loans, volatility persists, with shares down 71% year-to-date, prompting investor caution amid delisting concerns.

CFPB pushes rulemaking before Trump takeover

Reuters

The Consumer Financial Protection Bureau is finalizing new rules on medical debt and data brokers before President-elect Trump takes office. Despite pressure from Republican leaders to halt, CFPB's Rohit Chopra is advancing proposals targeting consumer protection, data privacy, and lender fees.

🪙 Crypto

Ripple invests in Bitwise XRP ETP amid rising crypto demand

BitcoinNews

Ripple's investment in the Bitwise Physical XRP exchange-traded product underscores its focus on XRP's growth amid surging institutional interest. With the global crypto market expanding and U.S. regulations becoming clearer, XRP's liquidity and utility are increasingly attractive.

🌎 Global Economy

Canada prepares for potential retaliatory tariffs in response to Trump threat

Associated Press

Canada is considering retaliatory tariffs on US goods after President-elect Trump threatened sweeping tariffs on Canadian imports unless migration stops. The Canadian government has begun identifying targets, but no decisions have been finalized. Past tariffs targeted politically sensitive items.

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