📈 Stocks / Finance

Nasdaq hits record high as Bitcoin surges past $107K

Investopedia

The Nasdaq rose 1.2% to a record high, driven by Broadcom's 11% gain, while the Dow fell for the 8th straight day. Bitcoin soared to $107,800 amid optimism over pro-crypto policies. Investors await the Fed's likely rate cut this week and its outlook for 2025.

Dollar climbs as investors weigh Fed rate cut

Yahoo Finance

The U.S. dollar rose against major currencies as investors expect a Fed rate cut this week, with a 97% chance priced in for a 25-basis-point move. The dollar index reached 106.88, buoyed by global central banks diverging on policy, including a steady stance from Japan's BOJ.

Palantir joins Nasdaq-100 as Super Micro exits

Yahoo Finance

Palantir Technologies will replace Super Micro in the Nasdaq-100 index on Dec. 23 amid annual reconstitution. Palantir's 204% YTD surge secured its spot, while Super Micro’s 59% decline led to its removal. Index reshuffling is expected to drive demand for Palantir, Axon, and MicroStrategy shares.

🪙 Crypto

Ripple launches RLUSD stablecoin amid rising demand

CNBC

Ripple's U.S. dollar-backed stablecoin, RLUSD, will begin trading Tuesday after NYDFS approval. Issued on Ethereum and the XRP Ledger, it targets cross-border payments. Ripple sees RLUSD as an alternative to dominant stablecoins like USDT and USDC while complementing its XRP-driven business.

🌎 Global Economy

SoftBank’s $100bn US pledge echoes Trump-era deals

BBC

SoftBank CEO Masayoshi Son pledged a $100bn US investment alongside President-elect Trump, promising 100,000 jobs but offering few specifics. Critics recall similar Trump-era announcements, like Foxconn and Lordstown Motors, which underdelivered amid lofty expectations.

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