📈 Stocks / Finance

Nvidia leads AI stock rebound after 2024 sell-off

Yahoo Finance

Nvidia shares rose 3% Thursday, leading the "Magnificent Seven" tech stocks after a late-2024 dip. Analysts remain bullish, citing AI growth and Nvidia's relative valuation. Bank of America predicts a 38% rise in 2025 despite challenges like chip shipment delays and trade pressures.

Citadel’s Wellington Fund Gains 15.1% in 2024

CNBC

Ken Griffin’s Citadel saw strong performance in 2024, with its Wellington fund rising 15.1%. Tactical trading led returns at 22.3%, while equities gained 18%, and fixed income 9.7%. Citadel manages $66B in assets, outperforming amid a robust 23.3% S&P 500 rally.

Oil prices climb on optimism for policy-driven growth

Reuters

Oil reached a two-month high, with Brent crude at $76.09 and WTI at $73.32, driven by hopes for global policy measures to boost growth. Analysts highlight China's stimulus plans and potential Fed rate cuts as key drivers for demand, despite weak PMIs and low U.S. fuel consumption.

🪙 Crypto

Crypto faces acceleration and competition in 2025

CoinDesk

EY's Paul Brody predicts 2025 as a pivotal year for crypto, driven by U.S. regulatory shifts and Bitcoin's rise as 'digital gold.' Ethereum's scalability and low costs position it as a key platform, while stablecoins and DeFi see enterprise adoption. Competition and fraud risks loom large.

🌎 Global Economy

Global currencies slide as U.S. dollar reaches two-year high

Reuters

The dollar index rose 0.77% to 109.38, its highest since 2022, driven by robust U.S. growth and cautious Fed rate cuts. The euro fell 1.01% to $1.025, and traders priced in ECB rate cuts. Sterling and yen also weakened, while China's yuan hit 14-month lows on economic concerns.

🗞️ Other Newsletters You Might Like

Essential stock market insights every day before the bell rings.